Global Vapor Recovery Units report from Global Insight Services is the single authoritative source of intelligence on Vapor Recovery Units market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A vapour recovery unit (VRU) is a system used to recover vapours from a process or storage vessel. The recovered vapours are then compressed and returned to the process or storage vessel. VRUs are commonly used in the oil and gas industry to recover vapours from crude oil storage tanks. The recovered vapours are compressed and returned to the storage tank, which increases the tank’s capacity and reduces emissions.
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Market Segments
The vapour recovery units market report is bifurcated on the basis of horsepower, application, end-use, and region. On the basis of horsepower, it is segmented into up to 50 HP, 51-200 HP, 201-500 HP, and above 1000 HP. Based on application, it is analyzed across processing, storage, and transportation. By end-use, it is categorized into pharmaceuticals, landfill, oil & gas, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Players
The vapour recovery units market report includes players such as PSG Dover, Aareon, Cimarron Energy, Inc., John Zink Company, Carbovac, SYMEX Technologies, VOCZero, Flogistix, Kappa Gi, and Gardner Denver.
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Key Drivers
There are several key drivers of the vapour recovery units market. One driver is the increasing regulation of volatile organic compounds (VOCs) emissions. VOCs are a large group of chemicals that are emitted into the atmosphere, and many of them are known to be harmful to human health. The Montreal Protocol, which was ratified in 1987, requires developed countries to take action to reduce their emissions of VOCs. This has led to the use of vapour recovery units in many industries, such as the petrochemical industry, in order to reduce VOC emissions.
Another key driver of the vapour recovery units market is the increasing awareness of the importance of energy efficiency. Vapour recovery units can help to improve the energy efficiency of a process by recovering energy that would otherwise be lost to the atmosphere. This can help to reduce the overall energy consumption of a facility, and can also help to reduce greenhouse gas emissions.
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