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Vapor Recovery Services Market With Top Companies SGS SA, PSC, Zeeco, PSG Dover, Atlas Process Innovation

01-21-2020 01:45 PM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Vapor Recovery Services

Vapor Recovery Services

Vapor recovery unit is a set-up designed to remove undesirable vapors present in distillate tank or crude oil that allows operators to adhere to prevailing emission regulations. VRU is predominantly used in upstream and downstream processes in oil & gas industry. It is also used in chemicals, oil & gas, and refineries. Moreover, vapor recovery unit is used to recover vapors that are directly emitted into the environment. VRUs are mechanically driven and are powered by an electric motor or gas engine. The working of VRU is based on the Ideal gas law. There are four principal components of vapor recovery unit namely scrubber, gas compressor, switching device, and variable frequency drives (VFDs).

๐‘ป๐’‰๐’† ๐’Ž๐’‚๐’Š๐’ ๐’Œ๐’†๐’š ๐’‘๐’๐’‚๐’š๐’†๐’“๐’” ๐’Š๐’ ๐’•๐’‰๐’† ๐’Š๐’๐’…๐’–๐’”๐’•๐’“๐’š ๐’‚๐’“๐’†- SGS SA, PSC (Vapor Control), Zeeco, Inc., PSG Dover, Atlas Process Innovation, Hy-Bon/EDI, AEREON, Entech Corporation, JOHN ZINK COMPANY, LLC, Vapor Point LLC., OPW Company, Global Vapor Control, Inc. (GVC) (part of Tri-Star), and Petrogas Systems.

1) ๐‘พ๐’‰๐’‚๐’• ๐’…๐’๐’†๐’” ๐’‚๐’๐’ ๐’•๐’‰๐’† ๐’“๐’†๐’ˆ๐’Š๐’๐’๐’‚๐’ ๐’”๐’†๐’ˆ๐’Ž๐’†๐’๐’•๐’‚๐’•๐’Š๐’๐’ ๐’„๐’๐’—๐’†๐’“? ๐‘ช๐’‚๐’ ๐’•๐’‰๐’† ๐’„๐’๐’–๐’๐’•๐’“๐’š ๐’๐’‡ ๐’”๐’‘๐’†๐’„๐’Š๐’‡๐’Š๐’„ ๐’Š๐’๐’•๐’†๐’“๐’†๐’”๐’• ๐’ƒ๐’† ๐’‚๐’…๐’…๐’†๐’…?
Currently, the research report pays particular attention to the following regions:
๐‘ต๐’๐’“๐’•๐’‰ ๐‘จ๐’Ž๐’†๐’“๐’Š๐’„๐’‚ (๐‘ผ๐’๐’Š๐’•๐’†๐’… ๐‘บ๐’•๐’‚๐’•๐’†๐’”, ๐‘ช๐’‚๐’๐’‚๐’…๐’‚, ๐‘ด๐’†๐’™๐’Š๐’„๐’), ๐‘ฌ๐’–๐’“๐’๐’‘๐’† (๐‘ฎ๐’†๐’“๐’Ž๐’‚๐’๐’š, ๐‘ผ๐’๐’Š๐’•๐’†๐’… ๐‘ฒ๐’Š๐’๐’ˆ๐’…๐’๐’Ž, ๐‘ญ๐’“๐’‚๐’๐’„๐’†, ๐‘ฐ๐’•๐’‚๐’๐’š, ๐‘น๐’–๐’”๐’”๐’Š๐’‚, ๐‘บ๐’‘๐’‚๐’Š๐’, ๐’†๐’•๐’„.), ๐‘บ๐’๐’–๐’•๐’‰ ๐‘จ๐’Ž๐’†๐’“๐’Š๐’„๐’‚ (๐‘ฉ๐’“๐’‚๐’›๐’Š๐’, ๐‘จ๐’“๐’ˆ๐’†๐’๐’•๐’Š๐’๐’‚, ๐’†๐’•๐’„.) ๐’‚๐’๐’… ๐‘ด๐’Š๐’…๐’…๐’๐’† ๐‘ฌ๐’‚๐’”๐’• ๐’‚๐’๐’… ๐‘จ๐’‡๐’“๐’Š๐’„๐’‚ (๐‘บ๐’‚๐’–๐’…๐’Š ๐‘จ๐’“๐’‚๐’ƒ๐’Š๐’‚, ๐‘บ๐’๐’–๐’•๐’‰ ๐‘จ๐’‡๐’“๐’Š๐’„๐’‚, ๐’†๐’•๐’„.)
** A country of specific interest can be included at no additional cost. For the inclusion of more regional segments, quotes may vary.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐๐จ๐ฐ ๐ฐ๐ข๐ญ๐ก ๐’๐จ๐ฆ๐ž ๐๐ž๐ง๐ž๐Ÿ๐ข๐ญ๐ฌ!
https://www.coherentmarketinsights.com/insight/request-sample/3268
**๐ข๐ง๐œ๐ฅ๐ฎ๐๐ข๐ง๐  ๐“๐Ž๐‚,๐Ÿ๐ข๐ ๐ฎ๐ซ๐ž๐ฌ ๐š๐ง๐ ๐‚๐ก๐š๐ซ๐ญ+๐Ÿ‘๐ŸŽ ๐ฆ๐ข๐ง๐ฎ๐ญ๐ž๐ฌ ๐จ๐Ÿ ๐œ๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐š๐ญ๐ข๐จ๐ง
Market Dynamics- Restraints

Operational risks and mechanical failures related to VPUs is expected to restrain the global vapor recovery services market growth over the forecast period
Vapor recovery unit is a complex system to install and operate. A small mechanical failure in these units can lead to emission of hazardous gases such as natural gas and methane. There is a high risk of mechanical failure such failure in functioning of a unit, which can lead to additional economical loss for crude oil producer. Moreover, adverse climatic changes can hamper smooth functioning of vapor recovery units. For instance, in June 2016, Irving Oil Ltd. installed a vapor recovery unit at the East Saint John terminal, which was designed to decrease VOC emission and air pollutants from oil storage tanks. However, mechanical issues started occurring within months of commencing operations. The unit was offline for around 78% time of the first three months of 2015, especially due to adverse climate in winter.

High capital investments and low ROI is expected to hinder the global vapor recovery services market growth over the forecast period
On average, a vapor recovery unit costs around US$ 500,000 for truck loading operations. Moreover, specific client demands make impact on the cost of vapor recovery unit. In fact, vapor recovery units used in marine loading applications are more expensive than those used in truck loading applications. In truck loading applications, a vapor recovery unit can provide complete return on investment in two to three years. For vapor recovery units used in marine loading application, return on investment is comparatively less. This, in turn, is expected to hamper the market growth in the near future.

๐†๐ž๐ญ ๐๐ƒ๐… ๐๐ซ๐จ๐œ๐ก๐ฎ๐ซ๐ž ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.coherentmarketinsights.com/insight/request-pdf/3268

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Name: Mr. Raj Shah
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Email: sales@coherentmarketinsights.com
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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