Chemical Injection Skid Market - Forecasts from 2024 to 2029

The chemical injection skid market is estimated to grow at a CAGR of 3.24% during the forecast period.

The main drivers of the chemical injection skid market are the significant increase in the chemical industry and the rapid development of water treatment applications. For instance, the U.S. Environmental Protection Agency (EPA) predicts that just to maintain present levels of service, the U.S. drinking water and wastewater infrastructure will need to spend up to USD 472.6 billion over the next 20 years. To maintain bulk levels in the primary process line, the majority of chemical injection skids offer concentrated chemicals at accurate dosages. There is widespread agreement that the federal government needs to invest in infrastructure for the collection, treatment, and disposal of wastewater.

High demand from oil & gas industry

This is due to the increasing need for a wide range of onshore and offshore activities to improve oil recovery applications, as well as the expanding use of chemical injection techniques to inject various types of specialized chemicals to boost division, prevent corrosion, and decrease foaming. The market for chemical injection skids will also increase dramatically over the next few years as a result of governments from different nations across the world making steadily larger expenditures in the development of the oil and gas industry. For instance, with the largest year-over-year growth in history, oil and gas upstream capital expenditures rose by 39% to $499 billion in 2022, the highest level since 2014 and the highest level ever. According to the International Energy Forum.

Increasing use of corrosion inhibitor chemical injection skids

Due to its effectiveness in lowering corrosion and the generation of deposits like wax, scales, and foam in liquid chemical treatment systems, the need for corrosion inhibitor chemical injection skids is anticipated to increase. In the chemicals sector, they are commonly used. As a result, the rise of the chemical industries has a significant impact on the market. For instance, as per the Indian Brand Equity Foundation, the Department of Chemicals and Petrochemicals received funding from the government of Rs. 173.45 crore ($20.93 million) during the Union Budget 2023-24. Moreover, refinery capacities are increasing as a result of increased petrochemical product usage and demand. The rise in oil and gas operations worldwide also contributes to the expansion chemical injection skid market size.

Rapid use of chemical injection skids in the wastewater treatment sector

Chemical injection skids are utilized for both the inhibition of gasoline and other fuel oil additives as well as the injection of chemicals for water treatment to treat the wastewater produced. Moreover, they are increasing the demand in water supply and water treatment industries as a result of the rising worldwide population and decreasing supplies of clean, drinkable water. Chemical injection skids allow chemicals for the treatment of water, water softening, and disinfection to be injected into water treatment systems. For instance, Deputy Under Secretary for Rural Development for the U.S. Department of Agriculture (USDA), Bette Brand, committed $281 million to 106 projects in 2020 to upgrade the water and wastewater infrastructure in rural areas throughout 36 states and Puerto Rico.

IoT integration is a key market trend for chemical injection skids

Integration of the Internet of Things (IoT) and data analytics is a crucial trend that is gaining traction in the market for chemical injection skids. This involves the collection of real-time data from chemical injection systems using networked devices and sensors, followed by data analysis to improve operational effectiveness and optimize the injection process. Baker Hughes, for instance, offers a Smart Injection System. The early ESP failures are avoided because of the smart injection systems technology, which was created in partnership with Baker Hughes Artificial Lift and Oilfield Chemicals Services. The fully automated injection equipment allows for remote injection rate adjustment and level control monitoring to show customers how much chemical is being consumed.

Asia Pacific is projected to dominate the chemical injection skid market

The chemical injection skid market in Asia Pacific's demand is anticipated to increase as refining activities in these nations increase. For instance, Japan has more than 44 million barrels of domestic oil reserves in 2022. Refineries accounted for the majority of the nation's 101,000 barrels per day (b/d) of production in 2022. Chemical injection skids market expansion is undoubtedly being driven by ongoing investments and developments in end-use industries such as wastewater treatment, pharmaceuticals, oil & gas, and others throughout the forecast period. Moreover, the expansion of waste treatment in the area foreshadows the expansion of the Asia Pacific market for chemical injection skids.

Market key launches

• In June 2023, Euro Mechanical announced the release of its new Chemical Injection Skid Package, which is designed to meet the changing needs of its clients. Because of its modular construction, the skid package is adaptable enough to meet a range of project needs, including fixed installations and transportable applications. To assure the highest levels of performance, dependability, and safety, the organization uses contemporary 3D modelling, pulsation analysis, and stress analysis. AWS D1.1, ASME B31.3, ASME Sec VIII, UL 142, ATEX, IEC, NEMA, and offshore design compliance to IMDG and DNV-STE271/E273 are just a few of the industry standards that the skid package complies with.
• In January 2022, Everfilt® Water Filtration Systems debuted a new product line, the CI-Series Chemical Injection Skid System. Customers who need chemical injection have an easy, turnkey choice that is also reliable and strong as a standard option with CI-Series Chemical Injection Skids. When used with an Everfilt® I-Series Iron Removal Filter System, it is ideal. Given its carbon steel frame and 2-part epoxy exterior paint in the colour of your choosing, the CI-Series has been demonstrated to operate well in even the most demanding conditions. In the case of an accident, the integrated spill containment tray offers 11 gallons of storage. Additional safety measures include vertical uprights painted a bright yellow and steel-coated safety chain.

Segmentation:

By Function

• Antifoaming
• Corrosion Inhibition
• Demulsifying
• Scale Inhibition
• Others

By End-User

• Oil & Gas
• Energy & Power
• Fertilizer
• Chemical & Petrochemical
• Water Supply & Water Treatment
• Pharmaceutical
• Other

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Indonesia
• Thailand
• Others