Vapor Recovery Units Market Size, Share, Trends, & Industry Analysis Report: By Application (Processing, Storage, Transportation, and Railcar Loading), By End-User, By Technology, and By Region

Description

List of Tables

The global vapor recovery units market size is expected to reach USD 1.24 billion by 2030, according to a new study by Polaris Market Research. The report "Vapor Recovery Units Market Share, Size, Trends, Industry Analysis Report, By Application (Processing, Storage, Transportation, Railcar Loading); By End-Use; By Technology; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The industry is driven by economic growth in developing countries, increasing oil and gas production, and greater demand for natural gas. The growth in the global oil and gas industry and technological advancements in these technologies have further contributed to industry growth.

However, the COVID-19 outbreak has negatively impacted the industry on account of disruption of the supply chain, operational challenges, transportation delays, and travel restrictions. Reduced oil demand, economic decline, and drop in oil prices have impacted the growth of the industry.

Asia-Pacific is expected to experience significant growth during the forecast period. Increasing oil and gas exploration and growth in petrochemicals, chemicals, and pharmaceuticals sectors support industry growth in this region. Leading global players are expanding their presence in developing nations of this region to tap the growth opportunities offered by these countries.

The oil and gas segment contributed a significant share in the global market in 2021. Expansion in oil exploration activities, greater demand for such units from demand from upstream and downstream applications, technological advancements, and rising demand for natural gas to meet energy requirements support the industry growth. Industry players, manufacturers, and private organizations are collaborating to expand and cater to wider applications and develop advanced vapor recovery technologies.

Some major participants include Alma Group, BORSIG GmbH, Cimarron Energy, Dover, Flogistix LP, Gardner Denver, Hy-Bon/EDI, John Zink Company, Kappa GI, Kilburn Engineering Ltd, Petrogas Systems, Symex Technologies, Voczero Ltd., Whirlwind Methane Recovery Systems LLC, and Zeeco Inc. Industry players are collaborating with each other for research and development, strengthening global presence, and technological innovation. The greater need to cater to growing customer requirements has encouraged industry participants to leverage new technologies for the development of high-quality products.

Vapor Recovery Units Market Report Highlights

The transportation segment accounted for a major share in 2021. Increasing demand for fuel, and introduction of stringent emission regulations drives the growth of this segment.

Oil and gas segment accounted for the largest revenue share on account of increasing demand from upstream and downstream applications, expansion in oil exploration activities, and greater demand from emerging economies.

Membrane separation technology is expected to grow at a significant rate during the forecast period owing to high recovery rate and reduced installation and maintenance costs.

The Asia-Pacific region is expected to register high growth during the forecast period owing to industrial growth, expansion of global players in the region, and introduction of stringent government regulations.

Polaris Market Research has segmented the vapor recovery units market report based on application, end-user, technology, and region:

Vapor Recovery Units, Application Outlook (Revenue - USD Billion, 2018 - 2030)

Processing
Storage
Transportation
Railcar Loading

Vapor Recovery Units, End-User Outlook (Revenue - USD Billion, 2018 - 2030)

Oil & Gas
Chemicals & Petrochemicals
Landfills
Others

Vapor Recovery Units, Technology Outlook (Revenue - USD Billion, 2018 - 2030)

Absorption
Condensation
Membrane Separation
Adsorption

Vapor Recovery Units, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa

Product Code: PM2518

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Source
- 3.2.1. Primary Source
- 3.2.2. Secondary Source

4. Global Vapor Recovery Units Market Insights

4.1. Vapor Recovery Units Market - Market Snapshot
4.2. Vapor Recovery Units Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Stringent Environmental Regulations Driving Market Demand
  - 4.2.1.2. Growing Focus on Sustainable Operations and Emission Reduction
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High setup costs
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Vapor Recovery Units Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Vapor Recovery Units Market, by Application

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
5.3. Processing
- 5.3.1. Global Vapor Recovery Units Market, by Processing, by Region, 2020-2034 (USD Million)
5.4. Storage
- 5.4.1. Global Vapor Recovery Units Market, by Storage, by Region, 2020-2034 (USD Million)
5.5. Transportation
- 5.5.1. Global Vapor Recovery Units Market, by Transportation, by Region, 2020-2034 (USD Million)
5.6. Railcar Loading
- 5.6.1. Global Vapor Recovery Units Market, by Railcar Loading, by Region, 2020-2034 (USD Million)

6. Global Vapor Recovery Units Market, by End-User

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
6.3. Oil & Gas
- 6.3.1. Global Vapor Recovery Units Market, by Oil & Gas, by Region, 2020-2034 (USD Million)
6.4. Chemicals & Petrochemicals
- 6.4.1. Global Vapor Recovery Units Market, by Chemicals & Petrochemicals, by Region, 2020-2034 (USD Million)
6.5. Landfills
- 6.5.1. Global Vapor Recovery Units Market, by Landfills, by Region, 2020-2034 (USD Million)
6.6. Others
- 6.6.1. Global Vapor Recovery Units Market, by Others, by Region, 2020-2034 (USD Million)

7. Global Vapor Recovery Units Market, by Technology

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
7.3. Absorption
- 7.3.1. Global Vapor Recovery Units Market, by Absorption, by Region, 2020-2034 (USD Million)
7.4. Condensation
- 7.4.1. Global Vapor Recovery Units Market, by Condensation, by Region, 2020-2034 (USD Million)
7.5. Membrane Separation
- 7.5.1. Global Vapor Recovery Units Market, by Membrane Separation, by Region, 2020-2034 (USD Million)
7.6. Adsorption
- 7.6.1. Global Vapor Recovery Units Market, by Adsorption, by Region, 2020-2034 (USD Million)

8. Global Vapor Recovery Units Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Vapor Recovery Units Market Assessment, By Geography, 2020-2034 (USD Million)
8.3. Vapor Recovery Units Market - North America
- 8.3.1. North America: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
- 8.3.2. North America: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
- 8.3.3. North America: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.3.4. Vapor Recovery Units Market - U.S.
  - 8.3.4.1. U.S.: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.3.4.2. U.S.: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.3.4.3. U.S.: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.3.5. Vapor Recovery Units Market - Canada
  - 8.3.5.1. Canada: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.3.5.2. Canada: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.3.5.3. Canada: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
8.4. Vapor Recovery Units Market - Europe
- 8.4.1. Europe: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
- 8.4.2. Europe: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
- 8.4.3. Europe: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.4.4. Vapor Recovery Units Market - UK
  - 8.4.4.1. UK: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.4.4.2. UK: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.4.4.3. UK: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.4.5. Vapor Recovery Units Market - France
  - 8.4.5.1. France: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.4.5.2. France: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.4.5.3. France: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.4.6. Vapor Recovery Units Market - Germany
  - 8.4.6.1. Germany: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.4.6.2. Germany: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.4.6.3. Germany: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.4.7. Vapor Recovery Units Market - Italy
  - 8.4.7.1. Italy: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.4.7.2. Italy: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.4.7.3. Italy: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.4.8. Vapor Recovery Units Market - Spain
  - 8.4.8.1. Spain: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.4.8.2. Spain: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.4.8.3. Spain: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.4.9. Vapor Recovery Units Market - Netherlands
  - 8.4.9.1. Netherlands: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.4.9.2. Netherlands: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.4.9.3. Netherlands: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.4.10. Vapor Recovery Units Market - Russia
  - 8.4.10.1. Russia: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.4.10.2. Russia: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.4.10.3. Russia: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.4.11. Vapor Recovery Units Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.4.11.2. Rest of Europe: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.4.11.3. Rest of Europe: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
8.5. Vapor Recovery Units Market - Asia Pacific
- 8.5.1. Asia Pacific: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
- 8.5.2. Asia Pacific: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
- 8.5.3. Asia Pacific: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.5.4. Vapor Recovery Units Market - China
  - 8.5.4.1. China: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.5.4.2. China: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.5.4.3. China: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.5.5. Vapor Recovery Units Market - India
  - 8.5.5.1. India: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.5.5.2. India: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.5.5.3. India: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.5.6. Vapor Recovery Units Market - Malaysia
  - 8.5.6.1. Malaysia: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.5.6.2. Malaysia: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.5.6.3. Malaysia: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.5.7. Vapor Recovery Units Market - Japan
  - 8.5.7.1. Japan: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.5.7.2. Japan: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.5.7.3. Japan: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.5.8. Vapor Recovery Units Market - Indonesia
  - 8.5.8.1. Indonesia: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.5.8.2. Indonesia: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.5.8.3. Indonesia: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.5.9. Vapor Recovery Units Market - South Korea
  - 8.5.9.1. South Korea: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.5.9.2. South Korea: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.5.9.3. South Korea: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.5.10. Vapor Recovery Units Market - Australia
  - 8.5.10.1. Australia: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.5.10.2. Australia: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.5.10.3. Australia: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.5.11. Vapor Recovery Units Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.5.11.2. Rest of Asia Pacific: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.5.11.3. Rest of Asia Pacific: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
8.6. Vapor Recovery Units Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
- 8.6.2. Middle East & Africa: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
- 8.6.3. Middle East & Africa: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.6.4. Vapor Recovery Units Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.6.4.2. Saudi Arabia: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.6.4.3. Saudi Arabia: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.6.5. Vapor Recovery Units Market - UAE
  - 8.6.5.1. UAE: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.6.5.2. UAE: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.6.5.3. UAE: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.6.6. Vapor Recovery Units Market - Israel
  - 8.6.6.1. Israel: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.6.6.2. Israel: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.6.6.3. Israel: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.6.7. Vapor Recovery Units Market - South Africa
  - 8.6.7.1. South Africa: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.6.7.2. South Africa: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.6.7.3. South Africa: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.6.8. Vapor Recovery Units Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.6.8.2. Rest of Middle East & Africa: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.6.8.3. Rest of Middle East & Africa: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
8.7. Vapor Recovery Units Market - Latin America
- 8.7.1. Latin America: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
- 8.7.2. Latin America: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
- 8.7.3. Latin America: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.7.4. Vapor Recovery Units Market - Mexico
  - 8.7.4.1. Mexico: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.7.4.2. Mexico: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.7.4.3. Mexico: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.7.5. Vapor Recovery Units Market - Brazil
  - 8.7.5.1. Brazil: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.7.5.2. Brazil: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.7.5.3. Brazil: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.7.6. Vapor Recovery Units Market - Argentina
  - 8.7.6.1. Argentina: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.7.6.2. Argentina: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.7.6.3. Argentina: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)
- 8.7.7. Vapor Recovery Units Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Vapor Recovery Units Market, by Application, 2020-2034 (USD Million)
  - 8.7.7.2. Rest of Latin America: Vapor Recovery Units Market, by End-User, 2020-2034 (USD Million)
  - 8.7.7.3. Rest of Latin America: Vapor Recovery Units Market, by Technology, 2020-2034 (USD Million)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. Aereon (a Jordan Technologies company)
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Baylor Evaporation Solutions
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Caldwell Energy Company
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Cimarron Energy
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Hy-Bon/EDI (a division of Tetra Technologies, Inc.)
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. John Zink Hamworthy Combustion (a Koch Engineered Solutions company)
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. PSG Dover (part of Dover Corporation)
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Quincy Compressor LLC (an Atlas Copco company)
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. UOP LLC (a Honeywell company)
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. VOC Zero
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
10.11. Zeeco, Inc.
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development