Vapor Recovery Unit Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00131442
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
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Market Snapshot

CAGR:9.03
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 9.03
Energy & Power-companies
Energy & Power-Snapshot

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Report Overview

Vapor Recovery Unit Market Analysis By Application (Oil & Gas, Chemical, Pharmaceuticals, Others), By Type (Adsorption Units, Condensation Units, Membrane Units, Others), and By Region Forecast to 2032:

The Vapor Recovery Unit Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including increasing environmental regulations, the need for reducing greenhouse gas emissions, and advancements in vapor recovery technologies. A vapor recovery unit (VRU) is a technology used to capture and recover vapors from various industrial processes, reducing emissions and environmental impact.

Vapor Recovery Unit Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Vapor Recovery Unit Market is the growing focus on environmental sustainability and the reduction of greenhouse gas emissions. Regulatory bodies worldwide are implementing stricter emissions standards, which drive industries to adopt VRU technologies to minimize vapor emissions.

Furthermore, the increasing awareness of the economic benefits of vapor recovery, such as reducing product loss and improving operational efficiency, encourages the adoption of VRU systems across various sectors.

Trends:

An emerging trend in the Vapor Recovery Unit Market is the development of advanced VRU technologies that offer higher efficiency and reliability. Innovations in adsorption, condensation, and membrane-based VRUs are enhancing vapor recovery capabilities.

Additionally, the integration of VRU systems into pharmaceutical and chemical manufacturing processes is positively impacting market growth. These industries recognize the importance of capturing volatile organic compounds (VOCs) to comply with environmental regulations and reduce emissions.

Restraints:

One of the key challenges hindering the growth of the Vapor Recovery Unit Market is the initial capital investment required for VRU installation. While VRU systems offer long-term cost savings and environmental benefits, the upfront costs can be a barrier to adoption, especially for small and medium-sized enterprises.

Market volatility in crude oil and chemical prices can also impact the profitability of VRU projects. Fluctuations in feedstock prices may affect the economic feasibility of vapor recovery investments.

Vapor Recovery Unit Market Segmentation By Application:

  • Oil & Gas: The oil and gas industry is a significant user of vapor recovery units to capture and recover vapors emitted during various processes, including storage tank venting and loading operations.
  • Chemical: The chemical sector utilizes VRU technologies to reduce VOC emissions from manufacturing processes, ensuring compliance with environmental regulations.
  • Pharmaceuticals: Pharmaceutical manufacturers adopt VRU systems to capture and recover volatile solvents used in drug production, improving environmental sustainability.
  • Others: Other industries may use VRU technologies for specialized applications where vapor recovery is essential.

Vapor Recovery Unit Market Segmentation By Type:

  • Adsorption Units: Adsorption-based VRU systems capture vapors by adsorbing them onto solid materials, which are then desorbed for recovery.
  • Condensation Units: Condensation-based VRUs cool vapor streams to condense and recover volatile compounds.
  • Membrane Units: Membrane-based VRUs separate vapors using semi-permeable membranes, allowing the recovery of specific compounds.
  • Others: This category includes various VRU technologies that offer unique advantages for specific applications.

Regional Overview:


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North America is expected to be a key contributor to the global Vapor Recovery Unit Market, driven by stringent environmental regulations, especially in the oil and gas sector. The region's focus on reducing VOC emissions and methane leaks from upstream and downstream activities boosts the demand for VRU technologies.

Europe is another significant region for the vapor recovery market, with countries like Germany and the United Kingdom implementing strict emissions standards and encouraging vapor recovery adoption.

Vapor Recovery Unit Market Customer Landscape:

The Vapor Recovery Unit Market serves a diverse customer base, including oil and gas companies, chemical manufacturers, pharmaceutical firms, environmental engineering firms, and regulatory bodies.

Major Vapor Recovery Unit Companies:

Companies in the vapor recovery unit market offer a range of products and services related to vapor recovery technology, including system design, installation, and maintenance.

Example companies include:

  1. Zeeco, Inc.: Zeeco specializes in vapor recovery and combustion technologies, offering a wide range of VRU solutions for various industries.
  2. Cimarron Energy Inc.: Cimarron Energy provides vapor recovery and emissions control solutions for the oil and gas sector.
  3. AEREON: AEREON offers vapor recovery and emissions control systems for multiple industries, including chemical, oil and gas, and pharmaceuticals.

The competitive landscape analysis in the report provides insights into key market players, including:

  • John Zink Hamworthy Combustion (Koch Industries)
  • Wintek Corporation
  • Aqua-Pure Ventures Inc. (APV)
  • Suzhou Jingli Hydrocarbon Recovery System
  • Symex Technologies
  • Flogistix
  • Kappa Gi
  • Petrogas Systems
  • VRV Group
  • Ferus Inc.

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on focus, dominance, and strength.

Segment Overview:

The Vapor Recovery Unit Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Oil & Gas
    • Chemical
    • Pharmaceuticals
    • Others
  • Type Outlook (USD Million, 2019 - 2032):
    • Adsorption Units
    • Condensation Units
    • Membrane Units
    • Others
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Rest of Asia-Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • United Arab Emirates
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL VAPOR RECOVERY UNIT MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. VAPOR RECOVERY UNIT MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Vapor Recovery Unit Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. VAPOR RECOVERY UNIT MARKET BY Application INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Processing

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Storage

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4. Transportation

    5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.5. Railcar Loading

    5.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. VAPOR RECOVERY UNIT MARKET BY End use Industry INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Oil & Gas

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Chemicals & Petrochemicals

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4. Landfills

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. VAPOR RECOVERY UNIT MARKET REGIONAL OUTLOOK

7.1. Vapor Recovery Unit Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Vapor Recovery Unit Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Vapor Recovery Unit Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Vapor Recovery Unit Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Vapor Recovery Unit Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Vapor Recovery Unit Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Vapor Recovery Unit Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Vapor Recovery Unit Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Vapor Recovery Unit Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Vapor Recovery Unit Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Vapor Recovery Unit Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Vapor Recovery Unit Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Vapor Recovery Unit Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Vapor Recovery Unit Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Vapor Recovery Unit Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Vapor Recovery Unit Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Vapor Recovery Unit Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Vapor Recovery Unit Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Vapor Recovery Unit Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Vapor Recovery Unit Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Vapor Recovery Unit Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Vapor Recovery Unit Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Vapor Recovery Unit Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Vapor Recovery Unit Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Vapor Recovery Unit Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Vapor Recovery Unit Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Vapor Recovery Unit Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Vapor Recovery Unit Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Vapor Recovery Unit Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Vapor Recovery Unit Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Vapor Recovery Unit Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Vapor Recovery Unit Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Vapor Recovery Unit Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Vapor Recovery Unit Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Vapor Recovery Unit Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Vapor Recovery Unit Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Vapor Recovery Unit Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Vapor Recovery Unit Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Vapor Recovery Unit Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Vapor Recovery Unit Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Vapor Recovery Unit Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Vapor Recovery Unit Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Vapor Recovery Unit Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Vapor Recovery Unit Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Vapor Recovery Unit Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Vapor Recovery Unit Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Vapor Recovery Unit Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Vapor Recovery Unit Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Vapor Recovery Unit Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Vapor Recovery Unit Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Vapor Recovery Unit Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Vapor Recovery Unit Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Vapor Recovery Unit Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Vapor Recovery Unit Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Vapor Recovery Unit Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Vapor Recovery Unit Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Vapor Recovery Unit Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Vapor Recovery Unit Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. HY-BON/EDI

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2. PSG Dover

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3. AEREON

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4. Petrogas Systems

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5. John Zink Company

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6. LLC

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7. Cimarron Energy Inc

    9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8. Wintek Corporation

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9. Accel Compression Inc

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10. Whirlwind Methane Recovery Systems

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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