According to a research report titled ‘Early Production Facility Market By Component, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, worldwide early production facility is expected to showcase a heathy growth rate during 2020-2026 and amass USD 14 billion by the end of the forecast period.
 

As per the findings of the report, inflowing investments towards development of efficient production platforms, along with rising focus among oil & gas organizations towards reducing costs while ensuring maximum output drives global early production facility market growth. Moreover, increasing expenditure in E&P activities owing to upsurge in oil prices, and maturing oil fields are adding momentum to the industry expansion.
 

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For those unfamiliar, early production facilities are designed to handle a wide array of working conditions including diversified temperature, flow patterns, and pressure. These units can support a capacity ranging from 1,000 bb/d to 50,000 bb/d, and are readily available for immediate use or can be customized as per the requisites of the O&G project. Hence, rising inclination of cost-sensitive customers towards these units over availing centralized processing facilities to save costs and increase profits will enhance global early production facility industry outlook. 
 

Based on component type, the industry is fragmented into flue gas processing, flare system, produced water treatment, dew point control units, gas dehydration, two & three phase separation, gas sweetening, oil dehydration desalting & heating, and others.
 

Speaking of the application spectrum, offshore segment is expected to contribute significantly to the overall early production facility market remuneration, attributable to growing investments in offshore hydrocarbon projects. Meanwhile, increase in the number of depleting and mature onshore oil & gas sites is contributing the growth of onshore segment.  
 

From a geographical frame a reference, North America early production facility industry is expected to grow profusely over the projected timeline, creditable to increasing production and exploration of shale gas in United States.
 

Key players influencing global early production facility market trends are Roska DBO Inc., Petrocil Engineers and Consultants Pvt Ltd., OilSERV, Canadian Petroleum Processing Equipment, Inc., Penspen, Global Process Systems, Inc., Tetra Technologies, Inc., Suez SA, EN-FAB, Inc., SMIP, Frames Group, Pyramid E&C, Expro Group, Weatherford International plc, and Schlumberger Ltd.