https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
According to Cognitive Market Research, the global Crude Oil Desalter market size will be USD 2514.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2025 to 2033.
North America held the major market share for more than 40% of the global revenue with a market size of USD 1005.84 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 754.38 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 578.36 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 125.73 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 50.29 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2025 to 2033.
The Electrostatic Dehydrator segment category led the Crude Oil Desalter Market.
Market Dynamics of Crude Oil Desalter Market
Key Drivers for Crude Oil Desalter Market
Increasing global crude oil production and consumption
The global demand for crude oil continues to rise, driven by industrial growth, transportation needs, and energy consumption across multiple sectors. As economies recover and develop, particularly in emerging markets, oil consumption increases, leading to higher crude oil production levels. Additionally, geopolitical factors and technological advancements in extraction processes, such as hydraulic fracturing and deepwater drilling, are boosting production. The surge in demand for refined products, including petrochemicals, fuels, and lubricants, further accelerates the need for efficient desalting processes to improve crude oil quality and ensure smooth refining operations. For instance, In July 2022, Gemcorp signed a contract with state-owned Sonangol to build the 60,000 b/d capacity refinery. Phase 1 is expected to include a 30,000 b/d CDU with a crude oil desalter, kerosene treatment, and ancillary infrastructures including pipelines, a conventional buoy mooring system, and storage facility for over 1.2 million barrels.
Expansion of oil refineries in emerging economies
Emerging economies, especially in Asia, Africa, and the Middle East, are expanding their oil refinery infrastructure to meet the growing demand for refined petroleum products. The rise in population, urbanization, and industrial activities in these regions is contributing to an increase in energy consumption, driving the need for more sophisticated refining capacities. This expansion leads to a growing focus on improving the efficiency of refining processes, including crude oil desalting, to ensure higher quality output while meeting stringent environmental standards. Investment in new refineries and the modernization of existing facilities further boosts the adoption of advanced desalting technologies.
Restraint Factor for the Crude Oil Desalter Market
High cost of advanced veterinary ventilators limiting adoption in smaller clinics
The high cost of advanced veterinary ventilators is a significant barrier to their adoption, particularly in smaller veterinary clinics with limited budgets. These ventilators are often equipped with sophisticated features like automatic settings, real-time monitoring, and precise control over respiratory parameters, making them expensive to purchase and maintain. Smaller clinics may struggle to justify the investment, especially when facing competition from more affordable, manual alternatives. As a result, many clinics opt for less advanced, cost-effective equipment, which can limit their ability to provide the best care for critical animal patients requiring ventilation support.
Market Trends in Crude Oil Desalter Market
Increasing adoption of multi-stage desalting processes for improved efficiency
The oil industry is increasingly adopting multi-stage desalting processes to enhance the efficiency of crude oil treatment. Multi-stage desalting systems, such as two-stage and three-stage processes, allow for better removal of impurities like salts, water, and solid particles from crude oil. This results in improved...
This statistic shows the revenue of the industry “extraction of crude petroleum“ in Denmark from 2012 to 2016, with a forecast to 2025. It is projected that the revenue of extraction of crude petroleum in Denmark will amount to approximately nan thousand U.S. Dollars by 2025.
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
As per Cognitive Market Research's latest published report, the Global Oil Exploration and Production market size is $3,588.98 Million in 2024 and it is forecasted to reach $5,116.57 Billion by 2031. Oil Exploration and Production Industry's Compound Annual Growth Rate will be 5.20% from 2024 to 2031. Market Dynamics of the Oil Exploration and Production Market
Market Driver for the Oil Exploration and Production Market
The increasing investment in oil sector by several government bodies worldwide elevates the market growth
Many countries view a stable and secure energy supply as crucial for their economic development and national security. Investing in the oil sector helps ensure a reliable source of energy. Oil exploration and production contribute significantly to the economic growth of a country. Governments often invest in the oil sector to capitalize on the potential for high returns, which can be used to fund public services, infrastructure projects, and other essential programs. Despite efforts to transition to renewable energy sources, the global demand for oil remains high. Governments recognize the need to meet this demand and ensure a stable energy supply to support industrial processes, transportation, and other key sectors. The oil and gas industry encompasses activities linked to exploration, including the search for hydrocarbons, identification of high-potential areas for oil and gas extraction, test drilling, the construction of wells, and initial extraction. According to the Center on Global Energy Policy, data 2023, the 2021–22 period of high oil and gas prices did not lead to a significant increase in capital spending by private companies despite record profits. One exception has been upstream exploration and production (E&P) companies, whose capital spending in 2022 was the highest since 2014. According to the International Labor Organization (ILO), data 2022, the oil and gas industry makes a significant contribution to the global economy and to its growth and development worldwide. The oil industry alone accounts for almost 3 per cent of global domestic product. The trade in crude oil reached US$640 billion in 2020, making it one of the world’s most traded commodities. Additionally, the industry is highly capital-intensive. Globally investments in oil and gas supply reached more than US$511 billion in 2020. According to the oil and gas industry outlook, data 2023, rapid recovery in demand, and geopolitical developments have driven oil prices to 2014 highs and upstream cash flows to record levels. In 2022, the global upstream industry is projected to generate its highest-ever free cash flows of $1.4 trillion at an assumed average Brent oil price of $106/bbl. Until now, the industry has practiced capital discipline and focused on cash flow generation and pay-out—2022 year-to-date average O&G production is up by 4.5% over the same period last year, while 2022 free cash flows per barrel of production is projected to be higher by nearly 70% over 2021. In addition, high commodity prices and growing concerns over energy security are creating urgency for many to diversify supply and accelerate the energy transition. As a result, clean energy investment by Oil &Gas companies has risen by an average of 12% each year since 2020 and is expected to account for an estimated 5% of total Oil & Gas capex spending in 2022, up from less than 2% in 2020.Therefore, investments made over recent decades enabled the United States to become a world leader in oil and natural gas production. Thus, owing to increased oil production, the demand for oil exploration and production has surged during the past few years.
The rising demand for oil across both commercial and residential sector is expected to drive the market growth
Oil remains a primary source of energy for transportation, including cars, trucks, ships, and airplanes. The growing global population, urbanization, and increased industrial activity contribute to a rise in the number of vehicles and the overall demand for transportation fuels derived from oil, such as gasoline and diesel. Many industrial processes rely on oil and its by-products as energy sources and raw materials. Industries such as manufacturing, petrochemicals, and construction utilize oil-based products for various applications, including heating, power generation, and the production of pl...
This statistic shows the revenue of the industry “extraction of crude petroleum and natural gas“ in Bulgaria from 2012 to 2016, with a forecast to 2025. It is projected that the revenue of extraction of crude petroleum and natural gas in Bulgaria will amount to approximately 16.62 million U.S. Dollars by 2025.
The net income of major oil and gas companies in the fourth quarter of 2024 shows a mixed picture. Some players, particularly BP, experienced significant losses amid lower refining margins. Meanwhile, TotalEnergies was the only company to note a quarter-on-quarter increase in profits. Saudi Aramco continues to dominate the sector, with net earnings exceeding 22 billion U.S. dollars. This performance underscores the continued financial strength of state-owned oil enterprises in a volatile global energy market. State-owned giants lead production and profits Saudi Aramco's financial dominance is rooted in its unparalleled production output. The company extracts approximately 11.5 million barrels of crude oil and associated liquids per day, more than four times that of its closest competitor. This vast output dwarfs that of private companies like ExxonMobil, which produces around 2.4 million barrels daily. The scale of state-controlled oil companies extends beyond production to reserves as well, with Saudi Aramco holding nearly 251 billion barrels of proved hydrocarbon reserves in 2023, over ten times ExxonMobil's reported reserves. Shifting strategies in a changing industry As the oil and gas sector faces pressure to adapt to climate concerns, companies are diversifying their portfolios. Shell has maintained the highest brand value among oil and gas companies, estimated at 50.3 billion U.S. dollars in 2024, partly due to its increased focus on low-carbon investments. TotalEnergies is leading the supermajors in capital expenditure on renewables and other low-carbon sources, spending 5.88 billion U.S. dollars in 2023. In contrast, ExxonMobil allocated just 0.62 billion U.S. dollars to such initiatives, while Saudi Aramco's low-carbon investments remain limited to blue ammonia production and solar project investments.
Norway's oil industry is expected to contribute 20.5 percent to the country's GDP in 2025, highlighting its continued importance to the national economy. This figure represents a slight decline from the peak of 35.3 percent seen in 2022, which was driven by exceptional circumstances in the global energy market. Higher export values post-2022 The significance of Norway's oil and gas industry is further underscored by its dominant position in the country's export market. In 2023, petroleum products accounted for 62 percent of Norway's total goods exports by value. This represents a substantial increase from previous years, largely attributed to supply constraints and surging oil prices, as well as European efforts to reduce dependence on Russian fuel imports. The export value of petroleum reached 560 billion Norwegian kroner in 2023. Norway continues investing in future production While Norway's oil production has declined from its peak in the early 2000s, it has stabilized in recent years at around two million barrels per day. The country continues to actively explore and develop its oil and gas resources, with a record number of drilling licenses awarded in recent years. In 2023, 83 licenses were granted, the second-highest figure in the period under consideration. This ongoing investment in exploration and production suggests that Norway is committed to maintaining its position as a significant player in the global oil market, despite increasing focus on climate change mitigation.
https://www.thebusinessresearchcompany.com/privacy-policyhttps://www.thebusinessresearchcompany.com/privacy-policy
Explore the Oil And Gas Market trends! Covers key players, growth rate 4.9% CAGR, market size $9894.48 Billion, and forecasts to 2034. Get insights now!
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
Global Oil Pipeline Infrastructure market size 2025 was XX Million. Oil Pipeline Infrastructure Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.
The global demand for crude oil (including biofuels) in 2023 amounted to 102.21 million barrels per day. The source expects economic activity and related oil demand to pick up by the end of the year, with forecast suggesting it could increase to more than 104 million barrels per day.
Motor fuels make up majority of oil demand
Oil is an important and versatile substance, used in different ways and in different forms for many applications. The road sector is the largest oil consuming sector worldwide. It accounts for nearly one half of the global demand for oil, largely due to reliance on motor spirits made from petroleum. The OPEC projects global oil product demand to reach 110 million barrels per day by 2045, with transportation fuels such as gasoline and diesel expected to remain the most consumed products. Diesel and gasoil demand is forecast to amount to 30.1 million barrels per day in 2045, up from 27.6 million barrels in 2021. Gasoline demand is forecast at 27.6 million barrels by 2045.
Beyond oil - efforts made by an industry looking to cut carbon intensity
Despite oil producing bodies such as the OPEC seeing continued importance for crude oil in the future, efforts have been made within the energy industry in finding an alternative to the fossil fuel. One such alternative generating great enthusiasm is hydrogen. The most abundant chemical element in the universe has become of particular interest due to its potential as an energy carrier. Similar to oil, it may serve as a feedstock or main ingredient for transportation fuels, energy generation and storage, and also chemicals production. While today it is mainly won from natural gas conversion (so-called grey hydrogen), most investments are aimed at making hydrogen production through electrolysis using renewable electricity (green hydrogen) more cost efficient. Oil refineries and ammonia production facilities are main consumers of hydrogen, with the transportation sector accounting for a much lesser share.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
The global crude oil market was estimated at $2,566.8B in 2024, remaining stable against the previous year. Overall, consumption saw a mild contraction. Global consumption peaked at $2,988.9B in 2012; however, from 2013 to 2024, consumption remained at a lower figure.
UK oil and gas production has diminished over the past decade because old oil fields have matured, and developing new commercially viable sources has become increasingly challenging. To combat this, extractors have pooled their resources and formed partnerships to enhance efficiency, while some have benefitted from previous investments in fields coming onstream. Oil and gas extracting companies also have reaped the rewards of an upsurge in global prices through 2022-23, leading to sharp revenue growth. However, this quickly turned around in 2023-24, with most major companies’ revenue nosediving along with oil prices. Revenue is expected to expand at a compound annual rate of 3.4% over the five years through 2024-25 to just over £33 billion. This includes a forecast hike of 5.3% in 2024-25; however, profit is slated to inch downward over the year as global oil and gas prices remain somewhat flat in the second half of 2024-25. The industry's performance is greatly affected by world oil and gas prices, with supply cuts put into place by the Organisation of the Petroleum Exporting Countries (OPEC) and global tensions resulting in price peaks and troughs. In October 2022, OPEC instituted a supply cut of two million barrels of crude oil per day, driving Brent Crude Oil prices up to US$110 (£87.80) per barrel, which has been extended until March 2025, with a ramping up period through September 2025. The sanctions on Russian oil and gas imports because of the Russia-Ukraine conflict add further impetus to prices. The EU has banned imports of Russian-made oil and gas, providing opportunities for UK exporters. Crude oil prices remain high, but significant oil production from non-OPEC countries threatening a glut in the oil market and a significant dip in global demand (especially from China) have made oil prices tumble sharply since July 2024. Despite mounting tensions in the Middle East having the potential to cut oil supply from the region, the ongoing political tensions have yet to significantly impact global prices, with prices hiking up around 10% in the month to October 2024, but remaining relatively low. Oil and gas prices are likely to continue inching downwards in the coming years as America is forecast to continue ramping up the global oil and gas supply. This, along with an expected reduction in global demand for oil and gas in the long term, will limit growth. The UK government will implement policies to create a more favourable environment for extractors and further investment in the North Sea to improve UK energy security. However, the depletion of natural resources, the expensive cost of extraction, low gas and oil prices and the global energy transition will threaten the industry's long-term viability. The government announced a delay to the ban on the sale of new petrol and diesel cars, along with the relaxation of some net-zero policies in September 2023, which should keep fossil fuel explorers afloat for longer. Revenue is forecast to rise at a compound annual rate of 3.4% over the five years through 2029-30 to just over £39 billion.
Sinopec (China Petroleum & Chemical Corporation) is the leading global oil and gas company by revenues generated. In the 12-month period leading up to July 2024, the Chinese state-owned enterprise generated 441.79 billion U.S. dollars in revenues. State-owned enterprises are largest producers State-owned businesses are among the largest within the oil and gas industry. Saudi Arabia's Saudi Aramco is the leading oil company worldwide based on daily oil production, at over 11 million barrels per day. This is significantly more than the daily output of ExxonMobil. At 2.5 million barrels of crude oil per day, it is the largest producer among public companies not majority owned by any state. The United States-based oil and gas giant ExxonMobil generated 331.46 billion U.S. dollars in revenues in the 12 months leading up to July 2024, coming in third in this list. Diversification of oil & gas portfolios Due to growing investor pressure and judicial court rulings, some oil and gas companies have been incentivized to increase the share of non-fossil fuel assets in their portfolio. Their efforts have been supported by an increasing number of investment funds and asset managers, with more diverse companies also often ranking higher in terms of brand value. Many European oil majors have already begun looking for clean energy ventures where their expertise may help them gain footing fast, such as offshore wind and blue hydrogen. This is also reflected in a growing share of low-carbon investments in overall capex.
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
Global Oil and Gas Biocides market size 2025 was XX Million. Oil and Gas Biocides Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.
The 2025 annual OPEC oil price stood at 78.1 U.S. dollars per barrel, as of February. This would be lower than the 2024 average, which amounted to 79.86 U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2024 fall in prices was the result of weakened demand outlooks, primarily from China.
This statistic shows the revenue of the industry “extraction of crude petroleum and natural gas“ in the United Kingdom from 2012 to 2019, with a forecast to 2025. It is projected that the revenue of extraction of crude petroleum and natural gas in the United Kingdom will amount to approximately 30.14 billion U.S. Dollars by 2025.
This statistic shows the revenue of the industry “extraction of crude petroleum“ in Romania from 2012 to 2018, with a forecast to 2025. It is projected that the revenue of extraction of crude petroleum in Romania will amount to approximately 92.50 million U.S. Dollars by 2025.
This statistic shows the revenue of the industry “extraction of crude petroleum“ in Norway from 2012 to 2018, with a forecast to 2025. It is projected that the revenue of extraction of crude petroleum in Norway will amount to approximately 130.58 billion U.S. Dollars by 2025.
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
Global Oil and Gas Field Service market size 2025 was XX Million. Oil and Gas Field Service Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Russia Federal Government Revenue: Oil & Gas: Excise Tax: Crude Oil: excl Kdamp & Kinv data was reported at -162.900 RUB bn in Feb 2025. This records a decrease from the previous number of -156.500 RUB bn for Jan 2025. Russia Federal Government Revenue: Oil & Gas: Excise Tax: Crude Oil: excl Kdamp & Kinv data is updated monthly, averaging -58.800 RUB bn from Feb 2019 (Median) to Feb 2025, with 73 observations. The data reached an all-time high of 14.000 RUB bn in May 2020 and a record low of -162.900 RUB bn in Feb 2025. Russia Federal Government Revenue: Oil & Gas: Excise Tax: Crude Oil: excl Kdamp & Kinv data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Russia Premium Database’s Government and Public Finance – Table RU.FB006: Federal Government Revenue and Expenditure: General.
North America hosts the most oil and gas rigs worldwide. As of February 2025, there were 821 land rigs in that region, with a further 16 rigs located offshore. The average number of global oil rigs reached 1,734 units in 2024. Offshore rigs and their utilization Oil platforms or rigs are structures that do any of the following: drill oil and gas wells, extract and process oil and gas, or store oil and gas for short periods of time. The various rig types include jackups, semi-submersibles, and drill ships. Offshore oil platforms also often house the crew that works on them. The highest number of offshore rigs are found in the Asia Pacific region, although the offshore rig utilization rate tended to be lower than in other regions. Largest contractors Switzerland-based Transocean Ltd is the world's top offshore drilling contractor bases on revenue within the energy equipment and services sector. In its 2023 fiscal year, it reported a revenue of some 2.83 billion U.S. dollars.
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
According to Cognitive Market Research, the global Crude Oil Desalter market size will be USD 2514.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2025 to 2033.
North America held the major market share for more than 40% of the global revenue with a market size of USD 1005.84 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 754.38 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 578.36 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 125.73 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 50.29 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2025 to 2033.
The Electrostatic Dehydrator segment category led the Crude Oil Desalter Market.
Market Dynamics of Crude Oil Desalter Market
Key Drivers for Crude Oil Desalter Market
Increasing global crude oil production and consumption
The global demand for crude oil continues to rise, driven by industrial growth, transportation needs, and energy consumption across multiple sectors. As economies recover and develop, particularly in emerging markets, oil consumption increases, leading to higher crude oil production levels. Additionally, geopolitical factors and technological advancements in extraction processes, such as hydraulic fracturing and deepwater drilling, are boosting production. The surge in demand for refined products, including petrochemicals, fuels, and lubricants, further accelerates the need for efficient desalting processes to improve crude oil quality and ensure smooth refining operations. For instance, In July 2022, Gemcorp signed a contract with state-owned Sonangol to build the 60,000 b/d capacity refinery. Phase 1 is expected to include a 30,000 b/d CDU with a crude oil desalter, kerosene treatment, and ancillary infrastructures including pipelines, a conventional buoy mooring system, and storage facility for over 1.2 million barrels.
Expansion of oil refineries in emerging economies
Emerging economies, especially in Asia, Africa, and the Middle East, are expanding their oil refinery infrastructure to meet the growing demand for refined petroleum products. The rise in population, urbanization, and industrial activities in these regions is contributing to an increase in energy consumption, driving the need for more sophisticated refining capacities. This expansion leads to a growing focus on improving the efficiency of refining processes, including crude oil desalting, to ensure higher quality output while meeting stringent environmental standards. Investment in new refineries and the modernization of existing facilities further boosts the adoption of advanced desalting technologies.
Restraint Factor for the Crude Oil Desalter Market
High cost of advanced veterinary ventilators limiting adoption in smaller clinics
The high cost of advanced veterinary ventilators is a significant barrier to their adoption, particularly in smaller veterinary clinics with limited budgets. These ventilators are often equipped with sophisticated features like automatic settings, real-time monitoring, and precise control over respiratory parameters, making them expensive to purchase and maintain. Smaller clinics may struggle to justify the investment, especially when facing competition from more affordable, manual alternatives. As a result, many clinics opt for less advanced, cost-effective equipment, which can limit their ability to provide the best care for critical animal patients requiring ventilation support.
Market Trends in Crude Oil Desalter Market
Increasing adoption of multi-stage desalting processes for improved efficiency
The oil industry is increasingly adopting multi-stage desalting processes to enhance the efficiency of crude oil treatment. Multi-stage desalting systems, such as two-stage and three-stage processes, allow for better removal of impurities like salts, water, and solid particles from crude oil. This results in improved...