Market Research Report
LPG Vaporizer - Global Market Outlook (2017-2026)
|LPG Vaporizer - Global Market Outlook (2017-2026)|
Published: February 1, 2019
Stratistics Market Research Consulting
Content info: 173 Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global LPG Vaporizer market is accounted for $1.03 billion in 2017 and is expected to reach $1.56 billion by 2026 growing at a CAGR of 4.7%. Some of the factors influencing the market growth are rising use of Liquefied Petroleum Gas (LPG) requiring high-pressure vaporization of the gas. However, fluctuations in vaporizer export availability, changes in regulatory policies, shifting trade patterns and the impact of price shifts on demand growth are hampering the market.
Based on product, direct-fired LPG vaporizer segment commanded significant market growth during the predicted period due to the lower operating cost and higher fuel conversion. Direct Fired vaporizer uses the direct flame to vaporize liquid LPG inside a heat exchanger. In addition, it is easy to transport, produces a high amount of heat even in smaller units, has lower rental and maintenance cost, and is safer for unsupervised use.
By geography, North America is anticipated to dominate the global market. The regional market growth is majorly driven by the increase of liquefied petroleum gas and related equipment utilization in several industries.
Some of the key players in the LPG Vaporizer market include TransTech Energy, Inc., ALGAS-SD, SHV Energy, Tamura Corporation, Nihon Genma, Meeder Equipment, ADCENG Gas Equipment (Pty) Ltd., Pegoraro Gas Technologies Srl, and Stannol GmbH & Co. KG.
All the customers of this report will be entitled to receive one of the following free customization options:
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances