Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Vapour Recovery Units Market: Global Industry Analysis and Opportunity Assessment, 2016-2026” …………………………..
Click here For Free Sample Report @ https://www.mrrse.com/sample/2081
Vapour recovery unit (VRU) is used to recover vapour such as gasoline, natural gas and other fuels so that they can be reused in end-use industries. These units find application in upstream and downstream processes in chemical process industry.
Global vapour recovery units is estimated to account for US$ 471 Mn by the end of 2016 and is projected to witness significant growth during the forecast period 2016-2026 owing to stringent regulatory compliances and mandatory installation of VRU at upstream process in most countries.
Drivers and Trends
Stringent environmental legislations on VOC emissions are playing a key role in the adoption of vapour recovery units in end-use industries. Use of solvents across various industries and processes leads to VOC emission into the atmosphere.
In order to reduce harmful effects of VOC emissions, environmental legislations are implemented in various countries pertaining to emission standards. These regulations have compelled key players in crude oil production and petroleum industry to install vapour recovery units at each plant. A common standard adopted by designers and operators is 10g/Nm3. Environmental regulations pertaining to reduction in hydrocarbon emissions into the atmosphere in order to improve air quality and operational safety is expected to remain the major driver for growth of the vapour recovery unit market.
View Complete Report With table of Content, Click here @ https://www.mrrse.com/sample/2081
To compete in rapidly changing market conditions, key players in vapour recovery unit manufacturing are opting for strategic mergers and acquisitions in order to expand their manufacturing as well as sales capabilities in international markets. Recent mergers and acquisitions are helping manufacturers to combine research and development capabilities to explore new opportunities in diverse markets.
Analysis by Process Type
On the basis of process type, global VRU is segmented into upstream and downstream process. Upstream process is expected to dominate the overall VRU market throughout the forecast. VRU is gaining prominence from upstream and midstream segment owing to low cost of installation and high return on investment. The global vapour recovery market is highly fragmented and it is anticipated that many more players will enter the market during the forecast period. HY-BON/EDI and PSG Dover are some of the key players engaged in supplying compressors based VRU at upstream process.
VRU at downstream is mainly carried out for petroleum based products. Few players are engaged in supplying VRU for crude oil purposes, with the downstream process mainly driven by truck loading applications. Demand for VRU at downstream is highly volatile owing to market maturity and high cost of installation that many small terminals are not able to afford. Presence of many small-scale oil terminals in China and MEA is expected to boost overall demand for VRU in near future. John Zink, AEREON and Zeeco are some of the key players engaged in supplying VRU at downstream process. Companies need to capitalise on their resources to tap the growing market for VRU especially in MEA and Asia Pacific excluding Japan.
Check Discount @ https://www.mrrse.com/checkdiscount/2081
About Market Research Reports Search Engine (MRRSE)
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
Contact Us
State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: [email protected]
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.futuremarketinsights.com/reports/vapor-recovery-units-market
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit