Vapor Recovery Unit Market Future Trends and Business Opportunities 2026

1. Vapor Recovery Unit Market To Reach USD 1.25 Billion By 2026

2. Market Summary The increasing demand for VRUs in the oil & gas industries owing to the rise in stringent government regulation are propelling the market growth. Market Size – USD 0.82 Billion in 2018, Market Growth - CAGR of 5.3%, Market Trends – The advent of cheap Vapor recovery units. The global vapor recovery unit market is forecast to reach USD 1.25 Billion by 2026, according to a new report by Reports and Data. Vapor Recovery Units finds its application in oil and natural gas sectors for preventing the emission of greenhouse gases. The vapors released from various chemical industries include propene, methane, nitrogen, carbon dioxide, ethane, and others which are causing environmental hazards.

3. Our Approach Our Approach Market Summary The demand for oil & gas, and chemicals is influenced by the rising industries due to urbanization. The rising application of these materials are boosting the market of such VRUs. The cost price of the raw materials continuously fluctuates, which is creating a market restraint. The small packages are manufactured to recover gases present at the top of oil storage tanks. The factors mentioned above jointly create opportunities for market growth, while factors such as the variable price of raw materials add limitations in the market. However, each element would have a specific impact on the market during the forecast period. Consistent developments in the market of VRUs used for industrial purposes owing to innovative efforts have improved the efficiency of VRUs. In the North America region due to the sudden rise in population and rapid urbanization, the growing oil & gas, petrochemical and chemical industries has led to severe environmental issues contributing to global emissions. The government has made stringent regulations over volatile organic compound emissions across the value chain of the chemical, oil & gas sector, which are benefiting the market of VRUs. To identify the key trends in the industry, click on the link below:https://www.reportsanddata.com/report- detail/vapor-recovery-unit-market

4. Our Approach Our Approach Market Summary Further key findings from the report suggest • Transportation industries held the largest market share of 43.5% in the year 2018. This segment is growing because of the developing demands for emission control systems due to stringent guidelines over VOC emissions across the value chain of oil & gas products used in trucks, and pipelines, among others. • The carbon adsorption segment is forecasted to witness the highest CAGR of 6.2% during the forecast period. This segment is rising since this prevents the release of harmful gases directly on the environment. • Oil & Gas segment held the largest market share of 27.9% in the year 2018. China became the largest consumer of this segment owing to the ever-growing transportation, petrochemical and chemical, and food industries along with the oil & gas industries in this region because of the growing urbanization and industrialization. China became a leader in the world for the production and consumption of VRUs because of its low-cost labor, and stringent government regulations. • Asia Pacific is expected to witness the highest CAGR of 7.8% during the forecast period. Countries like India, China, Taiwan, Indonesia, and Japan are rapidly catching up with the growth in the VRUs market. The countries in this region have undertaken various measures towards the oil & gas projects, which are propelling the market growth.

5. Our Approach Our Approach Market Summary Key participants Carbovac Sarl, BORSIG Membrane Technology, John Zink Company, SYMEX Technologies, Aereon, Cool Sorption, VOCZero, Flogistix, Zeeco and Kilburn Engineering, among others. For the purpose of this report, Reports and Data have segmented into the global Vapor Recovery Unit Market on the basis of type, application, end-users and region: Application Outlook (Volume, 1000 Units; Revenue, USD Billion; 2016-2026) Processing Storage Transportation Type Outlook (Volume, 1000 Units; Revenue, USD Billion; 2016-2026) Carbon Adsorption Membrane Separation Condensation by Refrigeration

6. Our Approach Our Approach Market Summary End-Users Outlook (Volume, 1000 Units; Revenue, USD Billion; 2016-2026) Oil & Gas Pharmaceuticals Brewery and food processing Chemicals & Petrochemicals Others Regional Outlook (Volume, 1000 Units; Revenue, USD Billion; 2016-2026) North America Europe Asia Pacific MEA Latin America Order Now:https://www.reportsanddata.com/checkout-form/2009

7. About Us Our Approach Our Approach About Us About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com