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Dublin, Jan. 19, 2021 (GLOBE NEWSWIRE) -- The "Marine Oil Water Separator Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The marine oil water separator market is expected to grow at a CAGR of more than 2.9% during the forecast period 2020-2025. The marine oil water separator is mainly used in marine vessels or ships. Oil-water separator is used to ensure the oil content in the bilge water is minimum or under the specified limit. It is one of the essential equipment in the ship for monitoring and control systems for the discharge of water from the ship preventing any type of oil from getting into the sea. Factors such as increasing concerns related to the environment, strict regulatory policies on the discharge of liquids, and waste into seawater are driving the marine oil water separator market. However, the high maintenance and service cost of marine oil water separators is likely to act as a restraint to this market.Key Market TrendsShipping and Marine Industry Segment to Dominate in the MarketGovernments across different countries are continuously working on enhancing the conditions for the flora and fauna in the aquatic ecosystem and protecting the environment by passing MARPOL's "ANNEX I" regulations which limit the oil content in the bilge water that vessels can legitimately discharge into the sea. It is now a compulsory requirement for all vessels to have an oil discharge monitoring and control system along with an oil-water separator. With the rapid development of the global shipping industry, the marine oil water separator market is expected to have significant growth during the forecast period.The international shipping industry is responsible for the carriage of around 90% of world trade. Intercontinental trade, the bulk transport of raw materials, and the import/export of affordable food and manufactured goods are held through shipping.Seaborne trades are expected to expand further, there are over 50000 merchant ships trading internationally, transporting every kind of cargo. Hence, with the rise in shipping industry activities and stringent government regulations, the demand for marine oil water separator is expected to increase over the forecast period. Europe to Dominate the MarketEurope is home to the world's largest shipping fleet. The European Union (EU) controls around 40% of the world's tonnage and can boast of the world's youngest and most innovative fleet. It is also home to a thriving maritime services sector and marine equipment industry. Europe contributed significantly towards the growth of global marine oil water separators market due to strict rules related to wastewater generation from various industries in this region.As 75% of European external trade transits through EU ports, the growing trade influence the growth of end-user industries in Europe, which, in turn, boosts the demand for the marine oil water separator in the region.Europe's offshore and service vessels are expected to have the fastest-growing segment of the EU shipping industry. As of May 2020, Europe's offshore active rig count was 26. Europe's ongoing offshore exploration and production activities are attributed to boosting the demand for marine oil water separators since the necessary supplies while undertaking exploration, drilling, and construction activities are provided by offshore support vessels.Therefore, since major portion of the trade occurs through ships, the demand for marine oil water separators is expected to grow further in the region during the forecast period. Competitive LandscapeThe marine oil water separator market is fragmented. Some of the major players in the market include Compass Water Solutions, Inc., Freytech Inc., Promac B.V., Sulzer Ltd, and Wartsila Oyj Abp.Reasons to Purchase this report: The market estimate (ME) sheet in Excel format3 months of analyst support Key Topics Covered: 1 INTRODUCTION1.1 Scope of the Study1.2 Market Definition1.3 Study Assumptions 2 EXECUTIVE SUMMARY 3 RESEARCH METHODOLOGY 4 MARKET OVERVIEW4.1 Introduction4.2 Market Size and Demand Forecast in USD billion, till 20254.3 Recent Trends and Developments4.4 Government Policies and Regulations4.5 Market Dynamics4.5.1 Drivers4.5.2 Restraints4.6 Supply Chain Analysis4.7 Porter's Five Force Analysis4.7.1 Bargaining Power of Suppliers4.7.2 Bargaining Power of Consumers4.7.3 Threat of New Entrants4.7.4 Threat of Substitute Products and Services4.7.5 Intensity of Competitive Rivalry 5 MARKET SEGMENTATION5.1 Type5.1.1 Gravity Oil Water Separator5.1.2 Bioremediation Oil Water Separator5.1.3 Electrochemical Oil Water Separator5.1.4 Others5.2 Application5.2.1 Military5.2.2 Shipping & Marine Industry5.2.3 Others5.3 Geography5.3.1 North America5.3.2 Europe5.3.3 Asia-Pacific5.3.4 Middle-East and Africa5.3.5 South America 6 COMPETITIVE LANDSCAPE6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements6.2 Strategies Adopted by Leading Players6.3 Company Profiles6.3.1 Compass Water Solutions, Inc.6.3.2 Freytech Inc.6.3.3 Promac B.V.6.3.4 Sulzer Ltd6.3.5 Wartsila Oyj Abp6.3.6 Kanagawa Kiki Kogyo Co.,Ltd.6.3.7 Victor Marine Ltd6.3.8 SkimOIL Inc.6.3.9 Recovered Energy Inc6.3.10 HSN-KIKAI KOGYO CO., LTD.6.3.11 PS International, LLC6.3.12 GEA Group AG 7 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/r/lwp792 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 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