Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Vapor Recovery Units (VRU) Market by Type (Condensation, Adsorption with Carbon Beds or Molecular Sieve, Absorption), By Application (Oil & Gas, Chemicals & Petrochemicals, Pharmaceuticals, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Vapor Recovery Units (VRU) Market by Type (Condensation, Adsorption with Carbon Beds or Molecular Sieve, Absorption), By Application (Oil & Gas, Chemicals & Petrochemicals, Pharmaceuticals, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 218278 3300 Machinery & Equipment 377 232 Pages 4.7 (49)
                                          

Market Overview:


The global vapor recovery units (VRU) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the VRU market can be attributed to the increasing demand for oil & gas, chemicals & petrochemicals, and pharmaceuticals. Additionally, the stringent environmental regulations across the globe are also fueling the growth of VRU market. On the basis of type, condensation accounted for majority share in 2017 and is projected to grow at a CAGR of 5.8% during forecast period 2018-2030 owing to its low cost and easy installation as compared to other types such as adsorption with carbon beds or molecular sieve and absorption.


Global Vapor Recovery Units (VRU) Industry Outlook


Product Definition:


A vapor recovery unit (VRU) is a device that captures and recycles gasoline vapors from a refueling operation. Vapor recovery units are important because they help to prevent the release of fuel vapors into the atmosphere, which can contribute to air pollution.


Condensation:


Condensation is the process in which water vapor present in the gas phase gets converted to liquid form due to temperature change. The most commonly used refrigerant for this purpose is ammonia. Condensation can be differentiated from sublimation and snowfall by looking at two things, temperature and pressure. While condensation occurs when a substance is chilled, sublimation occurs when a solid changes directly into a gas without going through the intermediate liquid stage.


Adsorption with Carbon Beds or Molecular Sieve:


The adsorption with carbon beds or molecular sieve is used in the vapor recovery units (VRU) to remove contaminants from gas streams. The VRU includes a regenerator, adsorbent bed and desiccant system. Adsorbents are materials that can absorb a specific type of chemical substance and hold it tightly without allowing it to escape into the air.


Application Insights:


The oil & gas application segment led the global vapor recovery units (VRU) market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for natural gas from shale reserves as well as conventional sources across various regions including Asia Pacific, North America, and Europe. Moreover, technological advancements such as implementation of online VRU control systems are expected to drive demand further.


Increasing use of crude oil in the production of gasoline and other petroleum products has resulted in an increased need for efficient separation techniques that do not require additional capital investments or site modifications during operation phases.


Regional Analysis:


North America dominated the global market in 2017. The growth of the region can be attributed to increasing demand for natural gas from shale plays and growing oil & gas exploration activities in countries, such as Canada and United States. Furthermore, presence of key companies that are engaged in vapor recovery units manufacturing will drive the regional market further.


Asia Pacific is expected to witness significant growth over the forecast period owing to rising product demand from various end-use industries including chemicals & petrochemicals, pharmaceuticals, others. Rapid industrialization coupled with favorable government initiatives aimed at promoting energy security is anticipated to augment VRU installations across Asia Pacific region thereby driving its overall revenue share over the forecast period.


Growth Factors:


  • Increasing demand for vapor recovery units from the oil and gas industry as a result of stringent environmental regulations
  • Growing demand for VRUs in Asia Pacific due to the increasing number of refineries and petrochemical plants in the region
  • Rising popularity of VRUs among small-scale operators owing to their low cost and easy installation
  • Proliferation of vapor recovery systems in automobiles as a result of tightening emission norms by regulatory authorities across the globe
  • Increasing adoption of VRUs by municipalities and other government organizations for managing fugitive emissions

Scope Of The Report

Report Attributes

Report Details

Report Title

Vapor Recovery Units (VRU) Market Research Report

By Type

Condensation, Adsorption with Carbon Beds or Molecular Sieve, Absorption

By Application

Oil & Gas, Chemicals & Petrochemicals, Pharmaceuticals, Others

By Companies

Carbovac, Borsig Membrane Technology, John Zink Company, Symex Technologies, Aereon, Hy-Bon/EDI, Cool Sorption, Voczero, Zeeco, Flogistix, Kappa GI, Kilburn Engineering, PetroGas Systems

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

232

Number of Tables & Figures

163

Customization Available

Yes, the report can be customized as per your need.


Global Vapor Recovery Units (VRU) Market Report Segments:

The global Vapor Recovery Units (VRU) market is segmented on the basis of:

Types

Condensation, Adsorption with Carbon Beds or Molecular Sieve, Absorption

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Oil & Gas, Chemicals & Petrochemicals, Pharmaceuticals, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Carbovac
  2. Borsig Membrane Technology
  3. John Zink Company
  4. Symex Technologies
  5. Aereon
  6. Hy-Bon/EDI
  7. Cool Sorption
  8. Voczero
  9. Zeeco
  10. Flogistix
  11. Kappa GI
  12. Kilburn Engineering
  13. PetroGas Systems

Global Vapor Recovery Units (VRU) Market Overview


Highlights of The Vapor Recovery Units (VRU) Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Condensation
    2. Adsorption with Carbon Beds or Molecular Sieve
    3. Absorption
  1. By Application:

    1. Oil & Gas
    2. Chemicals & Petrochemicals
    3. Pharmaceuticals
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Vapor Recovery Units (VRU) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Vapor Recovery Units (VRU) Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


A Vapor Recovery Unit (VRU) is a device used to recover vaporized products from a manufacturing process. The VRU separates the vaporized product from the liquid by using heat and pressure.

Some of the key players operating in the vapor recovery units (vru) market are Carbovac, Borsig Membrane Technology, John Zink Company, Symex Technologies, Aereon, Hy-Bon/EDI, Cool Sorption, Voczero, Zeeco, Flogistix, Kappa GI, Kilburn Engineering, PetroGas Systems.

The vapor recovery units (vru) market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Vapor Recovery Units (VRU) Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Vapor Recovery Units (VRU) Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Vapor Recovery Units (VRU) Market - Supply Chain
   4.5. Global Vapor Recovery Units (VRU) Market Forecast
      4.5.1. Vapor Recovery Units (VRU) Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Vapor Recovery Units (VRU) Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Vapor Recovery Units (VRU) Market Absolute $ Opportunity

5. Global Vapor Recovery Units (VRU) Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Vapor Recovery Units (VRU) Market Size and Volume Forecast by Type
      5.3.1. Condensation
      5.3.2. Adsorption with Carbon Beds or Molecular Sieve
      5.3.3. Absorption
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Vapor Recovery Units (VRU) Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Vapor Recovery Units (VRU) Market Size and Volume Forecast by Application
      6.3.1. Oil & Gas
      6.3.2. Chemicals & Petrochemicals
      6.3.3. Pharmaceuticals
      6.3.4. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Vapor Recovery Units (VRU) Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Vapor Recovery Units (VRU) Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Vapor Recovery Units (VRU) Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Vapor Recovery Units (VRU) Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Vapor Recovery Units (VRU) Demand Share Forecast, 2019-2026

9. North America Vapor Recovery Units (VRU) Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Vapor Recovery Units (VRU) Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Vapor Recovery Units (VRU) Market Size and Volume Forecast by Application
      9.4.1. Oil & Gas
      9.4.2. Chemicals & Petrochemicals
      9.4.3. Pharmaceuticals
      9.4.4. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Vapor Recovery Units (VRU) Market Size and Volume Forecast by Type
      9.7.1. Condensation
      9.7.2. Adsorption with Carbon Beds or Molecular Sieve
      9.7.3. Absorption
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Vapor Recovery Units (VRU) Demand Share Forecast, 2019-2026

10. Latin America Vapor Recovery Units (VRU) Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Vapor Recovery Units (VRU) Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Vapor Recovery Units (VRU) Market Size and Volume Forecast by Application
      10.4.1. Oil & Gas
      10.4.2. Chemicals & Petrochemicals
      10.4.3. Pharmaceuticals
      10.4.4. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Vapor Recovery Units (VRU) Market Size and Volume Forecast by Type
      10.7.1. Condensation
      10.7.2. Adsorption with Carbon Beds or Molecular Sieve
      10.7.3. Absorption
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Vapor Recovery Units (VRU) Demand Share Forecast, 2019-2026

11. Europe Vapor Recovery Units (VRU) Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Vapor Recovery Units (VRU) Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Vapor Recovery Units (VRU) Market Size and Volume Forecast by Application
      11.4.1. Oil & Gas
      11.4.2. Chemicals & Petrochemicals
      11.4.3. Pharmaceuticals
      11.4.4. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Vapor Recovery Units (VRU) Market Size and Volume Forecast by Type
      11.7.1. Condensation
      11.7.2. Adsorption with Carbon Beds or Molecular Sieve
      11.7.3. Absorption
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Vapor Recovery Units (VRU) Demand Share, 2019-2026

12. Asia Pacific Vapor Recovery Units (VRU) Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Vapor Recovery Units (VRU) Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Vapor Recovery Units (VRU) Market Size and Volume Forecast by Application
      12.4.1. Oil & Gas
      12.4.2. Chemicals & Petrochemicals
      12.4.3. Pharmaceuticals
      12.4.4. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Vapor Recovery Units (VRU) Market Size and Volume Forecast by Type
      12.7.1. Condensation
      12.7.2. Adsorption with Carbon Beds or Molecular Sieve
      12.7.3. Absorption
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Vapor Recovery Units (VRU) Demand Share, 2019-2026

13. Middle East & Africa Vapor Recovery Units (VRU) Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Vapor Recovery Units (VRU) Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Vapor Recovery Units (VRU) Market Size and Volume Forecast by Application
      13.4.1. Oil & Gas
      13.4.2. Chemicals & Petrochemicals
      13.4.3. Pharmaceuticals
      13.4.4. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Vapor Recovery Units (VRU) Market Size and Volume Forecast by Type
      13.7.1. Condensation
      13.7.2. Adsorption with Carbon Beds or Molecular Sieve
      13.7.3. Absorption
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Vapor Recovery Units (VRU) Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Vapor Recovery Units (VRU) Market: Market Share Analysis
   14.2. Vapor Recovery Units (VRU) Distributors and Customers
   14.3. Vapor Recovery Units (VRU) Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Carbovac
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Borsig Membrane Technology
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. John Zink Company
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Symex Technologies
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Aereon
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Hy-Bon/EDI
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Cool Sorption
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Voczero
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Zeeco
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Flogistix
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Kappa GI
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Kilburn Engineering
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. PetroGas Systems
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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