According to IMARC Group latest report titled “Vapor Recovery Unit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on vapor recovery unit market research report. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global vapor recovery unit market size reached US$ 832.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,315.4 Million by 2032, exhibiting a growth rate (CAGR) of 5.22% during 2024-2032.

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A vapor recovery unit (VRU) is an essential piece of equipment used in the oil and gas industry to capture and recover volatile organic compounds (VOCs) and hazardous air pollutants that are emitted during various processes, including the production, storage, and transportation of hydrocarbon products. VRUs play a critical role in environmental protection by reducing emissions and preventing the release of harmful gases into the atmosphere. VRUs operate by collecting the vapors and gases that would otherwise be vented or flared and then processing them to separate the valuable hydrocarbons from the harmful pollutants. These captured hydrocarbons can often be reused or sold, providing economic benefits to operators while simultaneously reducing environmental impact.

Market Trends:

The stringent environmental regulations and emissions control measures are driving the global market. Government authorities and environmental agencies worldwide are implementing stricter regulations to reduce volatile organic compound (VOC) emissions from industrial processes. Moreover, the growing awareness of environmental conservation and sustainability is another crucial factor. Businesses are increasingly adopting eco-friendly practices to reduce their carbon footprint. Implementing VRUs not only helps companies meet regulatory requirements but also aligns with their sustainability goals by reducing emissions and minimizing waste. Furthermore, the oil and gas industry is a significant driver of the VRU market. Oil and gas facilities, including refineries and storage tanks, release substantial amounts of VOCs into the atmosphere. VRUs are essential in these operations to capture and recover VOCs, reducing air pollution and contributing to a cleaner environment.

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Competitive Landscape

  • Accel Compression Inc.
  • BORSIG GmbH (Deutsche KNM GmbH)
  • Cimarron Energy Inc.
  • Cool Sorption A/S (Diamond Key International (Denmark) Holdings ApS)
  • Flogistix LP
  • John Zink Company LLC (Koch Engineered Solutions, LLC)
  • Petrogas Systems
  • PSG Dover
  • VOCZero Ltd. (VEFEL LIMITED)
  • Zeeco Inc.

Key Market Segmentation:

Our report has categorized the market based on region, type, process, application, technology, and end user.

Type Insights:

  • Conventional Vapor Recovery Unit
  • Ejector Vapor Recovery Unit

Process Insights:

  • Upstream
  • Downstream

Application Insights:

  • Storage
  • Processing
  • Transportation

Technology Insights:

  • Condensation
  • Adsorption
  • Absorption
  • Membrane Separation

End User Insights:

  • Oil and Gas Industry
  • Landfills
  • Brewery and Food Processing Industry

Regional Insights:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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