Vapor recovery units (VRUs) are typically used to recover fuel and gasoline from storage tanks, in order to restrict their escape into the atmosphere. VRUs restrict, store, withdraw, and refine vapor from gas storage tanks. It is both economically and environmentally beneficial to recover vapors. These units find application in upstream and downstream processes in the chemical process industry. Vapor recovery unit uses different methods such as condensation, absorption, adsorption, and membrane separation for vapor recovery. In condensation process, vapors are condensed by lowering temperature. Furthermore, in the U.S., the Environmental Protection Agency (EPA) mandates operators to carry out vapor removal process to control harmful air emissions in natural gas processing plants, natural gas wells, and hydrocarbon storage facilities.
Market Dynamics
Various industries are responsible for the emission of volatile organic compounds that are mixed with air in the environment. These compounds are hazardous air pollutants that can damage the ecosystem. Government agencies in various countries have implemented stringent environmental legislations, in order to reduce harmful effects of VOC emissions. These regulatory policies have mandated crude oil production companies and petroleum industry to install vapor recovery units in each plants. Therefore, strict regulatory policies regarding VOC emission are expected to drive growth of the global vapor recovery units market during the forecast period
However, mechanical failure and operational risks related to VRU are expected to restrain growth of the global vapor recovery units market during the forecast period
Market Taxonomy
This report segments the global vapor recovery units market on the basis of technology, application, process, and end-use industry. On the basis of technology, the global vapor recovery units market is segmented into membrane separation, adsorption, absorption, and condensation. On the basis of application, the market is segmented into marine loading, railcar loading, truck loading, pipeline, and storage tank vents. On the basis of process, the market is segmented into upstream and downstream. On the basis of end-use industry, the market is segmented into oil & gas compressors, landfills, brewery and food processing, and others.
Key features of the study:
Detailed Segmentation:
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Table of Contents
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