Product Code: ANV881
REPORT HIGHLIGHT
The global Vapor Recovery Units market size is projected to grow from USD 860.4 million in 2021, expanding at a CAGR of 4.2% during the forecast period.
A vapor recovery unit is a pressure system that collects and packs low-volume gas streams for injection into the suction of a larger compressor, a meter run, a local site fuel gas system, or simply into a gas gathering line. A driving engine or motor gives power to the compressor in vapor recovery. They are frequently used in oil and gas activities to recover vent gas. The vapor recovery unit reduces air pollution emissions by recovering vent gas that would otherwise be released into the environment or consumed in a flare.
Market Dynamics
To avoid a negative influence on the environment, various governments and industrial organizations in North America and Europe have implemented regulations and standards relevant to VOC emissions, particularly in the oil and gas industry. For example, VOCs such as benzene, methane, and other light hydrocarbons are generated by the oil and gas industry and act as precursors of ozone gas, which contributes to global warming. As a result, the government has established regulations to decrease VOC emissions. To avoid the emission of VOCs, vapor recovery systems are being encouraged. The Environmental Protection Agency, as well as regulatory bodies such as the TA-Luft, Directive 94/63/EC, Clean Air Act (CAA), and BISchG, have mandated the use of emission control systems in order to recover vapors from processing units, storage tanks, and transportation loading platforms such as rails, marine, and trucks. Because a vapor recovery unit can recover at least 95 percent of the vapor generated by oil and gas derivative products, the demand for vapor recovery units is expanding significantly.
Because of the COVID-19 epidemic, the government placed many restrictions, causing demand for oil and gas products to fall dramatically and manufacturing operations to be interrupted around the world. Due to the rigorous lockdown, the demand for gasoline dropped significantly, and the supply chain was interrupted, which had a considerable impact on the demand for vapor recovery units. It has been noticed that demand for vapor recovery units fell by double digits in 2020, particularly in the oil and gas business, while increased demand in the food and pharmaceutical industries helped to balance the loss marginally during the same year.
Segmentation Analysis:
Vapor Recovery Units Market is segmented on the basis of application, end-user, and region.
The worldwide vapor recovery units market may be divided into three applications: processing, transportation, and storage.
In the aforementioned classification, transportation is likely to dominate the market. The expansion of this segment can be attributed to the increasing use of vapor recovery systems in the oil and gas industry. Vapor recovery systems are commonly used in transportation to reduce VOC emissions and make the recovered vapor saleable. As a result, rising demand for the installation of vapor recuperation units in rail loading and truck loading is propelling the development of vapor recovery units.
The overall vapor recovery units industry is divided into three segments based on end-user: landfills, oil & gas, and others. Oil and gas are predicted to dominate the market in the aforementioned categories. Because of the rising global demand for oil and gas. This led to the development of the oil and gas segment, which may be attributed to the high demand for vapor recovery units in the oil and gas industry's downstream process. Furthermore, the rigorous regulation of VOC emissions into the environment caused a high demand for vapor recovery systems.
Competitive Landscape:
The worldwide vapor recovery units market would be fragmented. The presence of several market leaders has raised competition, resulting in more product introductions. Some of the players are also looking to increase their worldwide influence through strategic mergers and acquisitions. Meanwhile, tier-1 players are expanding their sales channels and introducing cutting-edge products to meet emission criteria.
For instance, in November 2021, InventHelp Inventor introduced a new vapor recovery system for wet cooling towers (HUN-1025). This system will help to increase the percentage of process water that could be recovered from a cooling tower, to reduce the ecological impact.
Key features of the study:
- This proposed research study on Vapor Recovery Units Market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2022-2028), considering 2021 as the base year
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Vapor Recovery Units Market
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Vapor Recovery Units Market
- Impact of COVID-19 on Vapor Recovery Units Market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Vapor Recovery Units Market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the Vapor Recovery Units Market, we have also included competitive landscape and key innovator analysis for the Vapor Recovery Units Market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Vapor Recovery Units Market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global Vapor Recovery Units Market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL VAPOR RECOVERY UNITS MARKET KEY PLAYERS
- ALMA Group (France)
- AEREON (US)
- Symex Technologies (Netherlands)
- Voczero Ltd. (UK)
- Zeeco Inc. (US)
- FLOGISTIX LP (US)
- Kilburn Engineering Ltd. (India)
- Whirlwind Methane Recovery Systems LLC (US)
- Dover (India)
- BORSIG GmbH (Germany)
- John Zink Hamworthy (US)
- Hy-Bon/EDI (US)
- Kappa GI (Italy)
- Gardner Denver (US)
GLOBAL VAPOR RECOVERY UNITS MARKET, BY APPLICATION
- Transportation
- Processing
- Storage
GLOBAL VAPOR RECOVERY UNITS MARKET, BY END-USER
- Landfills
- Oil & Gas
- Others
GLOBAL VAPOR RECOVERY UNITS MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. Vapor Recovery Units Market Overview
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Market Snippet by Application
- 2.1.2. Market Snippet by End user
- 2.1.3. Market Snippet by Region
- 2.2. Competitive Insights
3. Vapor Recovery Units Key Market Trends
- 3.1. Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Future Trends
4. Vapor Recovery Units Industry Study
- 4.1. Porter's Five Forces Analysis
- 4.2. Marketing Strategy Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Vapor Recovery Units Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Vapor Recovery Units Market Landscape
- 6.1. Market Share Analysis, 2021
- 6.2. Key Innovators Analysis
- 6.3. Breakdown Data, by Key Manufacturer
- 6.3.1. Established Players' Analysis
- 6.3.2. Emerging Players' Analysis
7. Vapor Recovery Units Market - By Application
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Application, 2021 & 2028 (%)
- 7.1.2. * Transportation
- 7.1.3. * Processing
- 7.1.4. * Storage
8. Vapor Recovery Units Market - By End user
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By End user, 2021 & 2028 (%)
- 8.1.2. Landfills
- 8.1.3. Oil & Gas
- 8.1.4. Others
9. Vapor Recovery Units Market- By Geography
- 9.1. Introduction
- 9.1.1. Segment Share Analysis, By Geography, 2021 & 2028 (%)
- 9.2. North America
- 9.2.1. Overview
- 9.2.2. Key Manufacturers in North America
- 9.2.3. North America Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 9.2.4. North America Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.2.5. North America Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.2.6. U.S.
- 9.2.6.1. Overview
- 9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.2.6.3. U.S. Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.2.6.4. U.S. Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.2.7. Canada
- 9.2.7.1. Overview
- 9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 1.1.1.1. Canada Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 1.1.1.2. Canada Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.3. Europe
- 9.3.1. Overview
- 9.3.2. Key Manufacturers in Europe
- 9.3.3. Europe Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 9.3.4. Europe Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.3.5. Europe Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.3.6. Germany
- 9.3.6.1. Overview
- 9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.3.6.3. Germany Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.3.6.4. Germany Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.3.7. Italy
- 9.3.7.1. Overview
- 9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.3.7.3. Italy Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.3.7.4. Italy Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.3.8. United Kingdom
- 9.3.8.1. Overview
- 9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.3.8.3. United Kingdom Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.3.8.4. United Kingdom Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.3.9. France
- 9.3.9.1. Overview
- 9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.3.9.3. France Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.3.9.4. France Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.3.10. Rest of Europe
- 9.3.10.1. Overview
- 9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.3.10.3. Rest of the Europe Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.3.10.4. Rest of the Europe Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.4. Asia Pacific (APAC)
- 9.4.1. Overview
- 9.4.2. Key Manufacturers in Asia Pacific
- 9.4.3. Asia Pacific Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 9.4.4. Asia Pacific Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.4.5. Asia Pacific Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.4.6. India
- 9.4.6.1. Overview
- 9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.4.6.3. India Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.4.6.4. India Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.4.7. China
- 9.4.7.1. Overview
- 9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.4.7.3. China Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.4.7.4. China Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.4.8. Japan
- 9.4.8.1. Overview
- 9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.4.8.3. Japan Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.4.8.4. Japan Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.4.9. South Korea
- 9.4.9.1. Overview
- 9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.4.9.3. South Korea Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.4.9.4. South Korea Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.4.10. Rest of APAC
- 9.4.10.1. Overview
- 9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.4.10.3. Rest of APAC Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.4.10.4. Rest of APAC Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.5. Latin America
- 9.5.1. Overview
- 9.5.2. Key Manufacturers in Latin America
- 9.5.3. Latin America Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 9.5.4. Latin America Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.5.5. Latin America Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.5.6. Brazil
- 9.5.6.1. Overview
- 9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.5.6.3. Brazil Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.5.6.4. Brazil Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.5.7. Mexico
- 9.5.7.1. Overview
- 9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.5.7.3. Mexico Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.5.7.4. Mexico Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.5.8. Argentina
- 9.5.8.1. Overview
- 9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.5.8.3. Argentina Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.5.8.4. Argentina Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.5.9. Rest of LATAM
- 9.5.9.1. Overview
- 9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.5.9.3. Rest of LATAM Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.5.9.4. Rest of LATAM Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.6. Middle East and Africa
- 9.6.1. Overview
- 9.6.2. Key Manufacturers in Middle East and Africa
- 9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2017 - 2028 (US$ Million)
- 9.6.4. Middle East and Africa Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.6.5. Middle East and Africa Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.6.6. Saudi Arabia
- 9.6.6.1. Overview
- 9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.6.6.3. Saudi Arabia Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.6.6.4. Saudi Arabia Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
- 9.6.7. United Arab Emirates
- 9.6.7.1. Overview
- 9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Million)
- 9.6.7.3. United Arab Emirates Market Size and Forecast, By Application, 2017 - 2028 (US$ Million)
- 9.6.7.4. United Arab Emirates Market Size and Forecast, By End user, 2017 - 2028 (US$ Million)
10. Key Vendor Analysis
- 10.1. Competitive Dashboard
- 10.2. Company Profiles
- 10.2.1. ALMA Group (France)
- 10.2.2. AEREON (US)
- 10.2.3. Symex Technologies (Netherlands)
- 10.2.4. Voczero Ltd. (UK)
- 10.2.5. Zeeco Inc. (US)
- 10.2.6. FLOGISTIX LP (US)
- 10.2.7. Kilburn Engineering Ltd. (India)
- 10.2.8. Whirlwind Methane Recovery Systems LLC (US)
- 10.2.9. Dover (India)
- 10.2.10. BORSIG GmbH (Germany)
- 10.2.11. John Zink Hamworthy (US)
- 10.2.12. Hy-Bon/EDI (US)
- 10.2.13. Kappa GI (Italy)
- 10.2.14. Gardner Denver (US)
11. 360 Degree Analyst View
12. Appendix
- 12.1. Research Methodology
- 12.2. References
- 12.3. Abbreviations
- 12.4. Disclaimer
- 12.5. Contact Us