Glycol Dehydration Unit Market will surpass US$ 220.5 Bn revenues towards the end of 2028
Global Market Study on Glycol Dehydration Unit: Increasing Investments in Natural Gas Processing Facilities to Accelerate Demand G
Globally, the glycol dehydration unit market was valued at US$ 136.1 Mn by 2017 end, and is projected to expand and reach US$ 220.5 Mn by the end of 2028.
Dehydration Unit Market Segmented By Ethylene Glycol, Diethylene Glycol, Triethylene Glycol, Tetraethylene Glycol Type with Direct Fired, Hot Oil Heated, Electric Emersion Heated Regenerator Type in Standard Units, Semi-Custom Units, Custom Units Design
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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.
The Glycol Dehydration Unit Market is a booming sector in the oil and gas industry due to its ability to reduce water vapour from natural gas, making it safer and of higher quality. Glycol dehydration units are used primarily to remove water vapour from natural gas in order to make it suitable for transportation through pipelines or other means. Glycol dehydration units have become increasingly important as the global demand for natural gas continues to rise, with more stringent environmental regulations being implemented by governments around the world.
Glycol dehydration units can be divided into two basic types: Glycol Reboiler Dehydration Units (GRDUs) and Glycol Contactor Dehydration Units (GCDUs). GRDUs work by passing natural gas through a glycol tower where the glycol absorbs moisture from the gas before condensing out of it. The dryer the glycol, the easier it is for moisture to be removed from the gas. GCDUs use a different approach which involves contacting wet glycol with dry natural gas, thus allowing water vapour to be absorbed into the liquid phase.
• Exterran Corporation
• Schlumberger Limited
• Enerflex Ltd.
• Pietro Fiorentinnin S.p.a.
• QB Johnson Manufacturing, Inc.
• Frames Group
• KW International
• Propak Systems Ltd.
• Alco Group
• Croft Production Systems, Inc.
• Nihon Seiki Co. Ltd.
• ALLIA France and more
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The global GDU market is segmented by process type, by application, and by region.
Based on process type, the market is segmented into TEG (Triethylene Glycol) dehydration, MEG (Monoethylene Glycol) dehydration, and DEG (Diethylene Glycol) dehydration. TEG dehydration is the most commonly used process type, as it is considered to be the most efficient and cost-effective method for removing water vapor from natural gas streams.
Based on application, the market is segmented into onshore and offshore. Onshore GDUs are typically used at natural gas processing plants, while offshore GDUs are used at offshore oil and gas production platforms. The onshore segment is expected to dominate the market in the coming years due to the increasing demand for natural gas as a source of energy.
Regionally, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the market in the coming years due to the presence of a large number of natural gas processing plants in the region. However, the Asia Pacific region is also expected to witness significant growth in the coming years due to the increasing demand for natural gas in the region.
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In conclusion, the global GDU market is expected to grow in the coming years due to the increasing demand for natural gas as a cleaner and more efficient source of energy. The market is segmented by process type, by application, and by region, with North America expected to dominate the market in the coming years.
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