The Global Vapor Recovery Unit Market was valued at USD 753.12 million in 2018 and is expected to reach USD 1116.95 million by 2026 with an anticipated CAGR of 5.05% during the forecast period, 2021–2026.

Vapor Recovery Unit Market 2021

A vapor recovery unit (VRU) is a system designed to recover the vapor of gasoline or other fuels for injection into the suction of a large compressor. Mechanical VRUs consist of driver motors that supply power to the compressor. These mechanical VRUs are driven either by an electric motor or by a natural gas engine. Additionally, VRUs are used to mitigate noxious and other potentially explosive fumes and pollution, which are hazardous.

The growth of the vapor recovery unit market is driven by the ability of VRUs to reduce regulatory and liability expense. Additionally, the recovered vapor can be more valuable than methane, which has much higher BTU content than pipeline quality natural gas. Moreover, VRUs capture up to 95% of the hydrocarbon vapor.  The oil and gas industry uses VRUs to capture vent gas, which can reduce current and future risk and liability, as well as greenhouse gas emission.

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The Major Manufacturers Covered in this Report:
Carbovac (France), BORSIG Membrane Technology (Germany), Zeeco (U.S.), John Zink Company (U.S.), Kilburn Engineering (India), Aereon (U.S.), HY-BON/EDI (U.S.), Cool Sorption (Denmark), VOCZero (U.K.), Flogistix (U.S.), Kappa Gi (Italy), and SYMEX Technologies (U.S.). 

Years that have been considered for the study of this report are as follows:

History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026

Market Segmentation:

Type

Carbon Adsorption
Membrane Separation
Condensation by Refrigeration

Application

Processing
Storage
Transportation
Others

End-Use

Oil & Gas
Others

Regional Segmentation:

North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Regional Analysis

Geographically, the vapor recovery unit market is segmented into North America, Europe, Asia-Pacific, and Latin America and the Middle East and Africa (LAMEA).

North America holds the largest share in the vapor recovery market due to the existence of leading manufacturers of vapor recovery system units. AEREON, John Zink, and ZEECO are prominent players in the production as well as distribution of VRUs.

Europe is an emerging vapor recovery market because the majority of systems being used are active systems. 

In Asia-Pacific and Australia, vapor recovery units have become compulsory in most of the areas. 

The Middle East, Saudi Arabia, and Qatar are extensively using vapor recovery units as these countries are prominent oil and gas markets. While the current oil crisis will negatively impact the market in the Middle East, the market is expected to grow moderately in the long run.

The analysis objectives of the report are:

To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Vapor Recovery Unit Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Vapor Recovery Unit Market sub-markets, depending on key regions (various vital states).
To analyze the Global Vapor Recovery Unit Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Vapor Recovery Unit Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Vapor Recovery Unit Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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