Vapor Recovery Units Market Industry Analysis, Technology, Growth, Trends, Application, Top Key Players, Regional Outlook and Forecast to 2028

A vapor recovery unit (VRU) is a device used for recovery of vapors such as gasoline, natural gas, and other fuels so that they can reused for industrial applications. Vapor recovery units are majorly used in upstream and downstream processes in chemical process industry. Vapor recovery unit uses different methods such as condensation, absorption, adsorption, and membrane separation for vapor recovery. In condensation process, vapors are condensed by lowering temperature. Furthermore, in the U.S., the Environmental Protection Agency (EPA) mandates operators to carry out vapor removal process to control harmful air emissions in natural gas processing plants, natural gas wells, and hydrocarbon storage facilities.

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Key Takeaways of the Vapor Recovery Units Market Study

On the basis of End User, it is segregated into processing, storage, and transportation. The vapor recovery unit market is most widely used in the transportation segment. The rising demand for the installation of vapor recovery units in truck loading and rail loading is driving the growth of the transportation segment.
By end-user, it is segmented into oil and gas and landfills The oil and gas industry is further divided into upstream and downstream. There has been significant growth in the usage and demand for vapor recovery units in the oil and gas and the downstream segment due to the rising demands for energy.

The European region is estimated to lead the vapor recovery units market and is expected to continue its dominance in the near future. The high demand in UK, Germany, and Italy, is a key factor driving the growth of the vapor recovery units market in Europe.
Notable Development Trends to Open up New Horizons of Growth for Vapor Recovery Units Market

The leading companies in the market focus on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.

November 12, 2019 – Rompetrol Rafinare, a member company of the KMG International Group, has launched a new fully automated vapor recovery unit at the auto and rail loading points in the Vega refinery. The 2.3 million USD investment effort is intended to reduce the impact of the operational activities on the environment and communities in the area.
Major points covered in the report:

An overview of the market, including background and evolution
Macroeconomic factors affecting the Vapor Recovery Units Market and its potential
Vapor Recovery Units Market dynamics, such as drivers, challenges, and trends
Detailed value chain analysis of the Vapor Recovery Units Market
The cost structure of the products and segments covered in the study
In-depth pricing analysis, by key product segments, regions and by major market participants

Analysis of demand and supply, such as top manufacturing and consuming regions, overall trade scenario with imports/exports details
Analysis of the market structure, including a tier-wise categorization of key market participants
Competitive landscape of the Vapor Recovery Units Market , including detailed profiles of the top players in this market

Some of the major players in the Vapor Recovery Units Market are Carbovac, BORSIG Membrane Technology, John Zink Company, SYMEX Technologies, Aereon, HY-BON/EDI, Cool Sorption, VOCZero, Zeeco, Flogistix, Kappa Gi, and Kilburn Engineering.

Market Segmentation:

By Application:

Processing

Storage

Transportation

By End User:

Oil & Gas

Upstream

Downstream

Landfills

By Region:

North America

By Country (US, Canada, Mexico)

By Application

By End User

Western Europe

By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

By Application

By End User

Eastern Europe

By Country (Russia, Turkey, Rest of Eastern Europe)

By Application

By End User

Asia Pacific

By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

By Application

By End User

Middle East

By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

By Application

By End User

Rest of the World

By Region (South America, Africa)

By Application

By End User

Customization:

We provide customization of the study to meet specific requirements:

By Segment

By Sub-segment

By Region/Country

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This release was published on openPR.