Press release
Vapour Recovery Unit Market Development, Opportunities, Ongoing Trends and Forecast to 2030
Vapour Recovery Unit Market
Vapour recovery units are driven mechanically and are powered by a gas engine or an electric motor. The vapour recovery units work on the principle of ideal gas law. A vapour recovery unit generally consists of four components namely, scrubber, gas compressor, switching device and variable frequency drives.
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Driving Factors:
One of the factors that drive the growth of the global vapour recovery units market is the stringent environmental regulations and standards that are concerned with volatile organic compounds (VOCs) emissions. In addition, increasing demand for vapour recovery units from oil and gas industries is also anticipated to cater to the development of the global vapour recovery units market.
However, high installation &maintenance costs in addition to lack of skill to handle assembly of vapour recovery units properly are expected to restrain the growth of vapour recovery units market. Further, the governments of many nations like China, India and others have been taking strict measures against environmental pollution which mandates the adoption of vapour recovery units in industries like oil and gas, chemicals, and more causing an abundance in opportunities for companies and investors interested in the vapour recovery units market.
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Top Players:
Cimarron Energy Inc., Accel Compression Inc., Hy-Bon Engineering Company Inc., PSG Dover, Petrogas Systems, AEREON, John Zink Company, LLC, Wintek Corporation, Siemens AG, Carbovac.
Key Segments of the Report
By Process -
Absorption
Adsorption
Membrane separation
Others
By Application -
Storage
Processing
Transportation
Others
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