NEW YORK, April 7, 2021 /PRNewswire/ -- The global high-pressure oil and gas separator market is expected to grow by USD 134.54 million, exhibiting a CAGR of about 1% during 2020-2024, according to Technavio's latest market report. Based on our research, the oil & gas equipment & services sector witnessed a negative impact due to the widespread growth of the COVID-19 pandemic. The report also throws light on the pre- and post-impact of COVID-19 on businesses.
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The horizontal vessel segment will generate maximum revenue in the high-pressure oil and gas separator market, owing to the increase in offshore and deepwater E&P activities. In terms of geography, APAC will present significant opportunities for market vendors due to the rising demand for energy in the region.