openPR Logo
Press release

Global Market Study on Vapor Recovery Services: North America Regional Market Expected to Witness Prominent Growth During 2017-2025

06-06-2019 09:03 AM CET | Industry, Real Estate & Construction

Press release from: persistencemarketresearch.com

/ PR Agency: persistencemarketresearch.com
Global Market Study on Vapor Recovery Services: North America

U.S is one of the significant markets for vapor recovery services globally with a significant percentage of the market share

The U.S. accounted for sales of more than US$ 160 Mn in 2016 and is estimated to gain 130 basis points by 2025 as compared to that in 2017. The market is expected to increase at a CAGR of 8.5% over the anticipated period. The U.S. market will likely dominate the North America vapor recovery services market throughout the period of assessment. The country is estimated to hold more than 70% market share of the North America vapor recovery services market.

Leading companies in the global vapor recovery services market – headquartered outside the U.S – are now penetrating the country

The EPA regulation of 2011 has called for higher VOC emission recovery, which in turn has created new market opportunities for VRU manufacturers. As a result, various key players headquartered outside the U.S. are now entering the country. Expected increase in oil prices by 2019 is also expected to boost overall VRU sales in the region. As U.S. is a prominent player in the vapor recovery services market. Key players in the vapor recovery services market are planning to expand their footprint in the US market.

Request Sample Report@ https://www.persistencemarketresearch.com/samples/10969

Increasing number of crude oil storage tanks in the U.S likely to boost the North America vapor recovery services market

Due to the global oil crisis in recent years, key players in the North America region were impelled to focus on strengthening their storage and distribution capabilities to minimize losses. Storage tanks play an essential role in addressing the on-time consumer demand as well as maintaining stockpiles for future demands. A rapid increase in the number of crude oil storage tanks accompanied with vapor recovery units in recent years makes it evident that crude oil producers are focusing on optimizing the storage and distribution process to tackle the growing crude oil price crisis. Imposition of stringent emission norms by the government and environmental agencies in North America is inciting crude oil producers to minimize environmental impact through the integration of sustainable technologies such as vapor recovery units. All these factors are creating a positive impact on the North America vapor recovery services market.

The VOCs released from various oil and gas storage facilities and during transportation operations are becoming a major environmental concern for the different government and non-government organizations in North America. These compounds are hazardous air pollutants. To reduce the harmful effects of VOC emissions, environmental legislations have been implemented in various countries of North America pertaining to emission standards. These regulations have compelled key players in the crude oil production and petroleum industry in the U.S. to install vapor recovery units at various locations, thus fueling market growth in the region.

Crude oil storage tanks contain light hydrocarbons such as methane, natural gas liquids and hazardous air pollutants along with some inert gases. During storage, these gases vaporize and get collected in the storage space. As the liquid level in the tank fluctuates, vapors are vented out into the atmosphere. Vapor recovery units are used to collect these hydrocarbons, which can then be sold and used as fuel in onsite operations. All this leads to significant cost savings. Vapor recovery units also help reduce the emission of methane. These factors are expected to boost the development of the vapor recovery services market in North America.

After a detailed study of the market, the analysts have found that among application types, the storage tank vents segment is expected to witness high growth over the forecast period. Rising number of crude oil storage tanks is expected to drive the growth of the segment over the forecast period. A study of the differentiating strategies adopted by key market players reveals the following –

Product innovation and development of customized application specific tailored solutions
Product development with relatively lower capital investment and high return on investment for customers Mid- to long-term contracts with high-end service providers.

Key Report Takeaways

In the case of GDP growth forecast, it has been observed that global economic growth is likely to impact the vapor recovery services market during the forecast period. Key developments in the oil and gas industry are anticipated to have a high impact on the vapor recovery services market. Capital expenditure growth plays a vital role and has a major impact on the vapor recovery services market; consequently, maintenance expenditure in the oil and gas industry is anticipated to affect the vapor recovery services market. Adoption of vapor recovery units is predicted to affect the vapor recovery services market with medium impact.

Report Structure

The analysts have studied various market segments extensively while examining the global vapor recovery services market. Market analysis includes revenue forecast, Basis Point Share analysis, Y-o-Y growth projections, absolute dollar opportunity analysis and market attractiveness analysis. Macro-economic indicators such as GDP and industrial production index have been considered while forecasting market numbers. Weighted Average Selling Price (ASP) has been considered to deduce market values. Top-down approach has been used to assess market numbers for each category, while bottom-up approach has been used to counter validate the market estimations. The analysts have collected insightful information through sources such as World Bank and IMF data, companies’ annual and financial reports and industry association publications.

Market Taxonomy :

(1) By Process :

(i) Upstream
(ii) Midstream/Downstream

(2 ) By Application :

(i) Marine Loading
(ii) Storage Tank Vents
(iii) Railcar and Truck Loading

(3) By Operation :

(i) New Installations
(ii) Services (O & M)

(4) By Region :

(i) North America
(ii) Latin America
(iii) Europe
(iv) Asia Pacific
(v) Middle East and Africa

Competitive Key Players

Leading market players are focused towards making long term relationship with direct end-users, especially for scheduled annual maintenance to create a continuous revenue flow. Hy-Bon/EDI, PSG Dover, AEREON, Petrogas Systems, Cimarron Energy Inc., Accel Compression Inc., John Zink Company, LLC., Wintek Corporation and Whirlwind Methane Recovery Systems, LLC are amongst some of the top companies that offer vapor recovery services. Many of these companies are emphasizing on product innovation and development of customized application to cater to customer requirements.

Request For Methodology @ https://www.persistencemarketresearch.com/methodology/10969

Table Of Contents

1. Executive Summary

2. Market Introduction

2.1. Market Definition
2.2. Market Taxonomy

3. Vapor Recovery Service Market Analysis Scenario

3.1. Market Size (US$ Mn) and Forecast
3.1.1. Market Size and Y-o-Y Growth
3.1.2. Absolute $ Opportunity
3.2. Market Overview
3.2.1. Value Chain
3.2.2. Profitability Margin
3.2.3. List of Active Participants
3.2.3.1. Manufacturer
3.2.3.2. Distributors
3.2.3.3. End-users

4. Market Dynamics

4.1. Macro-economic Factors
4.2. Drivers
4.2.1. Supply Side
4.2.2. Demand Side
4.3. Restraints
4.4. Opportunity
4.5. Forecast Factors: Relevance and Impact

5. Global Vapor Recovery Service Market Analysis and Forecast, By Process

5.1. Introduction
5.1.1. Basis Point Share (BPS) Analysis By Process
5.1.2. Y-o-Y Growth Projections By Process
5.2. Market Size (US$ Mn) Forecast By Process
5.2.1. Upstream
5.2.2. Midstream/ Downstream
5.3. Market Attractiveness Analysis By Process

6. Global Vapor Recovery Service Market Analysis and Forecast, By Application

6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis By Application
6.1.2. Y-o-Y Growth Projections By Application
6.2. Market Size (US$ Mn) Forecast By Application
6.2.1. Marine Loading
6.2.2. Storage Tank Vents
6.2.3. Railcar and Truck Loading
6.3. Market Attractiveness Analysis By Application

7. Global Vapor Recovery Service Market Analysis and Forecast, By Region

7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis By Region
7.1.2. Y-o-Y Growth Projections By Region
7.2. Market Size (US$ Mn) Forecast By Region
7.2.1. North America
7.2.2. Latin America
7.2.3. Europe
7.2.4. Asia Pacific
7.2.5. Middle East and Africa (MEA)
7.3. Market Attractiveness Analysis By Region

8. North America Vapor Recovery Service Market Analysis and Forecast

8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis By Country
8.1.2. Y-o-Y Growth Projections By Country
8.2. Market Size (US$ Mn) and Volume (Units) Forecast By Country
8.2.1. U.S.
8.2.2. Canada
8.3. Market Size (US$ Mn) and Volume (Units) Forecast By Process
8.3.1. Upstream
8.3.2. Midstream/Downstream
8.4. Market Size (US$ Mn) and Volume (Units) Forecast By Application
8.4.1. Marine Loading
8.4.2. Storage Tank Vents
8.4.3. Railcar and Truck Loading
8.5. Market Attractiveness Analysis
8.5.1. By Country
8.5.2. By Application
8.5.3. By Process
8.6. Drivers and Restraints: Impact Analysis

Get Order Copy Of This Report @ https://www.persistencemarketresearch.com/checkout/10969

Contact us :

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: www.persistencemarketresearch.com

About us :


Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Market Study on Vapor Recovery Services: North America Regional Market Expected to Witness Prominent Growth During 2017-2025 here

News-ID: 1766141 • Views:

More Releases from persistencemarketresearch.com

Innovation-Based Discernment To Drive The Foil Shavers Market
Innovation-Based Discernment To Drive The Foil Shavers Market
Personal appearance has taken paramount importance in the lives of consumers. Proper grooming and professional appearance have become important attributes to gain respect at the workplace. The way people carry themselves creates an impression on co-workers and the management. The pressure and interest of looking good is equally important to both, men and women. Variations offered by trimmers and shavers have taken up the onus to drive the foil shavers
Alcoholic Hepatitis Therapeutic Market Rugged Expansion Foreseen by 2017 to 2025
Alcoholic Hepatitis Therapeutic Market Rugged Expansion Foreseen by 2017 to 2025
Alcoholic hepatitis is a kind of liver disease usually affects people who are used to be heavy drinkers. It can cause short and long-term liver damage. Liver is a major organ of body functions to remove poisons such as alcohol from blood. It’s damaged by long time heavy drinking of alcohol. Usually occur in 30% of long- time alcohol drinkers. Asymptomatic steatohepatitis is also as alcoholic hepatitis the term is
Advanced Meniscal Fixation Devices Market Continuing to Show Billion Dollar Growth According to 'Persistence Market Research'
Advanced Meniscal Fixation Devices Market Continuing to Show Billion Dollar Grow …
Meniscal fixation is minimally invasive surgical procedure is used to reconstruct torn meniscus. Meniscus functions include distribution and load transmission, joint stability, neuromuscular proprioception and joint nutrition. Meniscal tears are symptomatic and irreparable and meniscal fixation devices are used to remove unstable fragments. Meniscal repair is performed only during longitudinal tears (>10 mm), tears without deformity or secondary degeneration, and others. Meniscal fixation devices are used arthroscopic repair or
Liniments Rubs Market segmentation by key players - Liniments & Rubs Market are Haw Par Corporation Limited., Procter & Gamble, GSK group of companies, Amrutanjan Health Care Ltd. and others. The companies are mainly focusing on intense marketing to conve
Liniments Rubs Market segmentation by key players - Liniments & Rubs Market are …
Liniments are liquid dosage forms which are used relieve pain and stiffness during arthritis, sore muscular aches, and muscle strains. Liniments & rubs are well absorbed through the skin and have a high bioavailability. Liniment vehicles depend on the type of action (counterirritants, massage, and rubefacient) and solubility of desired compounds. They can be used as irritants, analgesics, anti-inflammatory, astringents, and fungicidal. Rubefacient liniments are used for vasodilation and hyperthermia

All 5 Releases


More Releases for America

Waterproof Labels Market Outlook, Supportive Judgments | SATO America, LANGGUTH …
Report Ocean recently published a new report on the Global Waterproof Labels Market. The study has an in-depth analysis of the forecast period from 2021-2025. The report reveals a comprehensive picture of the Waterproof Labels Market situation, taking into consideration all major trends, market dynamics, and competitive factors. Additionally, the report contains key statistics concerning the Waterproof Labels Market situation of the leading key players, key market trends, and potential
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific
Blow Molding Machinery Market Analysis Report, Regional Outlook - Europe, North …
Adroit Market Research has announced the addition of the “Global Blow Molding Machinery Market Size Status and Forecast 2025”, The report classifies the global Blow Molding Machinery in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Blow Molding Machinery Speaker market, analyzes and researches the Blow Molding Machinery Speaker development status and forecast in Europe,
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market Summary The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements. Gaucher Disease market size to maintain the average annual growth
Epigenetics Market by End Users, and by Geography North America, Latin America, …
Increasing research to study the epigenetics of the genome (study called epigenomics) is expected to boost growth of the epigenetics market over the forecast period. Genome-wide epigenetic studies play an important role in the diagnostics of human diseases. Moreover, implementation of epigenetics for oncology research is estimated to propel the growth of epigenetics market. For instance, Constellation Pharmaceuticals, in April 2018, invested US$ 100 million for development of cancer epigenetics
Spas and Beauty Salons Market - South America, Central America and North America …
Consumers’ changing perception towards personal care coupled with continuous strive to improve general well-being are generating a positive impact on the spas and beauty salons industry. Growing consumer need to improve personal appearance and well-being has increased the demand for wellness solutions. Spa centers and beauty salons, in order to meet the increasing demand for unique spa and beauty services, are constantly striving to improve their services by focusing on