Vapour recovery units are a compression system utilized to gather and pack low volume gas streams for infusion into the suction of a bigger blower. It is also used in the oil and gas industry during the downstream applications for the purpose of purification procedure or for intermediate products recovery. Mechanical VRUs comprise of a driver engine or motor that delivers the power to the blower, these are regularly utilized by oil and gas tasks to recuperate vent gas.
The global vapor recovery units market accounted US$ 520.9 Mn in terms of value and 10,210.8 Units in terms of volume in 2019.
The rise in demand for vapour recovery units in the oil and gas industry will drive market growth. The market will be widely adopted as the demand for oil and gas storage and transportation grows faster than their demand. Despite contributing only marginally to the market, manufacturers are experiencing demand upheaval in the food processing and brewing sectors. The use of vapour recovery units in various end-user categories will create opportunities for growth in vapour recovery units during the forecast period of 2019-2027.
The high cost of production and installation in the downstream sector due to oil and gas volatility, as well as improper handling and assembly of vapour recovery units, which leads to safety and environmental concerns, will act as a restraint and further challenge the growth of the vapour recovery units market during the forecast period.
The vapor recovery units market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.
No comments:
Post a Comment