Press release
Glycol Dehydration Unit Market is projected to reach US$ 220.5 Mn by the end of 2028
Glycol Dehydration Unit Market 2022
The market for glycol dehydration units was valued at US$ 136.1 million at the end of 2017 and is anticipated to grow to US$ 220.5 million by the end of 2028. Persistence Market Research delivers key insights on the global glycol dehydration unit market, in its report titled, 'Glycol Dehydration Unit Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028'. Over the forecast years, the global glycol dehydration unit market is expected to show a positive outlook.
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The market value is expected to increase at a healthy pace over the forecast period. Based on the glycol type segment, the triethylene glycol segment is expected to account for a lion's share in the market, owing to the advantages associated with its utilization.
Global Glycol Dehydration Unit Market: Dynamics
The rising demand for natural gas from various end-use industries across the globe is expected to be one of the key factors assisting the demand for glycol dehydration units. The growing adoption of gas instead of oil in multiple industries across the globe has become a trend. This can be attributed to the less harmful nature of gas to the environment as compared to oil. Hence, the development and establishment of new gas fields will remain the key agenda for various economies. With an increase in gas production activities, the demand for gas treatment technologies and equipment such as glycol dehydration units is also expected to grow.
Copmany Profiles-
• Exterran Corporation
• Schlumberger Limited
• Enerflex Ltd.
• Pietro Fiorentinnin S.p.a.
• QB Johnson Manufacturing, Inc.
• Frames Group
• Axens
• KW International
• Propak Systems Ltd.
• Alco Group
• Croft Production Systems, Inc.
• Nihon Seiki Co. Ltd.
• ALLIA France
• and more
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Global Glycol Dehydration Unit Market: Forecast
As per market insights, among the glycol type segments, the triethylene glycol segment is expected to remain a prominent segment in the global dehydration unit market during the forecast period, owing to the various advantages associated with its utilization, such as it can be easily regenerated to a higher degree of purity, lower operating costs and vapor losses, etc.
Globally, Europe is anticipated to account for a prominent share in the global glycol dehydration unit market throughout the forecast years. The market in Africa is anticipated to grow at a significant CAGR in the global glycol dehydration unit market, owing to upcoming investments in countries such as Nigeria, Egypt, etc.
Globally, the glycol dehydration unit market is found to be consolidated, owing to the presence of a small number of manufacturers across the globe. The top five players in the market across the globe are expected to account for more than 70% of the overall glycol dehydration unit market. Long-term supply contracts and acquisition activities are found to be the key strategies adopted by glycol dehydration unit manufacturers across the globe.
Complete Report Details@https://www.persistencemarketresearch.com/market-research/glycol-dehydration-unit-market.asp
Key Questions Answered in the Report
• In the last 4 years, how has the market for glycol dehydration units changed?
• In terms of value and volume, how is the glycol dehydration unit market anticipated to develop over the following ten years?
• What are the significant developments in the market for glycol dehydration units around the world in terms of competition?
• What are the market trends for glycol dehydration units globally?
• What are the significant developments in the market for glycol dehydration units around the world in terms of competition?
• What are the main difficulties faced by makers of glycol dehydration units?
• What is the market share of very well firms in the market for glycol dehydration units by region?
• What percentage of the global market for glycol dehydration units are the top 5 players currently holding?
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