Vapor Recovery Units Market

Vapor Recovery Units Market by Application (Processing, Storage, and Transportation), End-use Industry (Oil & Gas, Landfills), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) - Global Forecast to 2027

Report Code: CH 6173 May, 2022, by marketsandmarkets.com

[158 Pages Report] The global Vapor recovery units market size is projected to grow from USD 0.8 billion in 2022 to USD 1.0 billion by 2027, at a CAGR of 3.9%. Across the globe, the demand for vapor recovery units market is increasing owing to the recovery of the oil & gas and manufacturing sector from the repercussion of COVID-19 pandemic, stringency of regulation, and increasing production oil & gas, and petrochemicals, among others. The growth of market is inlined with the growth of oil & gas industry.   However, the market declined in 2020 due to the global COVID-19 pandemic.

Vapor Recovery Units Market

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Impact of COVID-19 on Vapor recovery units Market

Due to COVID-19 pandemic, the government had imposed several restriction owing to which the demand for oil & gas products were declined significantly and manufacturing operation were suspended across the globe. Due to strict lockdown, the demand for fuel were plunged substantially and supply chain got disrupted which, in turn, had significant impact on the vapor recovery units demand. It has been observed that the demand for vapor recovery units were declined in double digit in 2020, especially in oil & gas industry whereas increasing demand in food & pharmaceutical industry help to offset the loss, marginally, during the same period. 

Vapor recovery units Market Dynamics

Driver: Stringent environmental regulations regarding VOC emissions

In North America and Europe, several government and industrial organization has imposed the regulation and standards pertaining to the VOC emission, especially in Oil & gas industry to avoid the harsh impact on an environment. For instance, VOCs such as methane, benzene, and other light hydrocarbons are released from the oil & gas industry which acts as a precursor substances of ozone gas that contributes to the global warming. Thus, government has imposed regulation as a measures to reduce VOC emissions. For the same, vapor recovery units are being promoted to avoid the emission of VoC.

Environmental Protection Agency (EPA), Regulatory bodies such as Clean Air Act (CAA), TA Luft, Directive 94/63/EC, and BISchG, among others, have mandated the use of emission control systems to recover vapors from processing units, storage tanks, transportation loading platforms, such as marine, rails, and trucks. A vapor recovery unit is capable of recovering a minimum of 95% of the vapor emitted from the oil & gas derivative products owing to which the demand for vapor recovery unit is increasing significantly.

Restraint: High cost of installation and maintenance of vapor recovery units

In Oil & gas plants, to avoid the emission of VOCs, vapor recovery unit is installed which is, mostly customised to comply with the plants requirement. These units are installed at several stages in upstream and downstream application and are of different capacity. Due to customization and variation in sizes, capacity and changing processing parameters, each unit’s designing, component procurement, and installation become cost-intensive. Thereby, the cost of installation of vapor recovery unit become high compare to other units.

Opportunity: Oil storage opportunities in Middle East & Africa due to rising energy demand

The Middle East & Africa is the largest oil-producing region in the world. According to the IEA, over half of global oil production will be provided by Middle East by 20226. Several key players in the region are investing in the expansion of the production capacity. For example, Adnoc plans to invest USD 122 billion between 2021 and 2025 to expand production capacity to 5 million barrels per day. With the expansion of the production facilities, the demand for vapor recovery unit will increase substantially in the Middle East & Africa in upcoming years.

Challenge: Improper handling and assembly of vapor recovery units can lead to safety and environmental issues

Mostly, components of Vapor Recovery Units (VRUs) are installed on a skid assembly. These skids, as complete VRUs, provide easy mobility to systems. Therefore, improper installation and anchoring of the systems to the ground leads to operational problems in these units. Typically, improper installation of a compressor, which is a major component in a VRU, can result in operational problems in a unit. Therefore, improper handling and assembly of VRUs can cause safety and environmental issues.

Vapor recovery units Market Ecosystem

Vapor Recovery Units Market by Ecosystem

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Transportation segment to lead the market through the forecast period

Based on application, the vapor recovery units market has been segmented into storage, processing, and transportation. Transportation segment holds the significant share of the vapor recovery units market, in terms of demand. This is mainly attributed to increasing demand for the fuels, petrochemicals, and other products, and to ensure the safety while transporting these products are main factors that supports for the growth of the market. Along with this, stringent government regulation pertaining to emission of VOCs will further support for the growth of the market.

Oil & gas industry to drive the vapor recovery units market during the forecast period

In terms of demand, oil & gas industry, especially in upstream and downstream application, are expected to maintain ascendency in Vapor recovery units market throughout the forecast period. Due to stringent government regulation, safety concern, optimization of process, and improve efficiency of operation, the vapor recovery units are prevalently used in the oil & gas industry. With the increasing investment in the industry for expansion of production capacity will further support for the growth of the market.

APAC to the fastest growing Vapor recovery units market during the forecast period.

The Vapor recovery units market in APAC is projected to register the highest CAGR, in terms of value, during the forecast period. This growth is ascribed to the increasing investment in oil & gas industry for capacity addition, rising demand for oil & gas, and petrochemicals, growth of manufacturing industry, and changing regulatory scenario, among other are supporting for the growth of vapor recovery units market. The high growth of the economies such as China, India, and ASEAN countries in the region enables Asia pacific to be a lucrative market for Vapor recovery units manufacturers.

Vapor Recovery Units Market by Region

Key Market Players

PSG Dover (US), Aareon (US), Cimarron Energy, Inc. (US), John Zink Company (US), Carbovac (France), SYMEX Technologies (US), VOCZero (UK), Flogistix (US), and Kappa Gi (Italy), are some of the major players operating in the global market.

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Scope of the Report

Report Metric

Details

Years Considered

2020–2027

Base year

2021

Forecast period

2022–2027

Unit considered 

Value (USD Million)

Segments

Application, End-use industry and Region

Regions

North America, Europe, Asia-Pacific, Middle East & Africa and Latin America

Companies

The major players are PSG Dover (US), Aareon (US), Cimarron Energy, Inc. (US), John Zink Company (US), Carbovac (France), SYMEX Technologies (US), VOCZero (UK), Flogistix (US), and Kappa Gi (Italy) and others are covered in the vapour recovery units market.

This research report categorizes the global vapor recovery units  market on the basis of Application, End-use industry, and Region.

Vapor Recovery Units Market, by Application

  • Processing
  • Storage
  • Transportation

Vapor Recovery Units Market, by End-use industry

  • Oil & gas
  • Others

Vapor Recovery Units Market, by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The market has been further analyzed for the key countries in each of these regions.

Recent Developments

  • In June 2022, PSG Dover had started selling vapor recovery units under the brand name Blackmer. This provides the company with the leverage of centralizing production and customer services under the brand name Blackmer.
  • In July 2019, Cimarron Energy completed the acquisition of HY-BON/EDI. The acquisition has strengthened the market position of the company in vapor recovery units and emission control solutions for the oil & gas industry

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1

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Scope of the Report


    1.3 MARKET SCOPE
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 STAKEHOLDERS
    1.6 LIMITATIONS

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
           FIGURE 1 VAPOR RECOVERY UNITS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Critical secondary inputs
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 DATA TRIANGULATION
           FIGURE 2 VAPOR RECOVERY UNITS MARKET: DATA TRIANGULATION
    2.3 ASSUMPTIONS
    2.4 MARKET SIZE ESTIMATION
           2.4.1 ESTIMATING VAPOR RECOVERY UNITS MARKET SIZE FROM KEY PLAYERS’ MARKET SHARE
                    FIGURE 3 MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS
           2.4.2 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH

3 EXECUTIVE SUMMARY (Page No. - 41)
    FIGURE 5 TRANSPORTATION SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2021
    FIGURE 6 OIL & GAS APPLICATION ACCOUNTED FOR LARGEST MARKET SHARE IN 2021
    FIGURE 7 ASIA PACIFIC EXPECTED TO BE FASTEST-GROWING MARKET FOR VAPOR RECOVERY UNITS DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN VAPOR RECOVERY UNITS MARKET
           FIGURE 8 INCREASING DEMAND FOR VAPOR RECOVERY UNITS FROM OIL & GAS INDUSTRY PROJECTED TO DRIVE MARKET GROWTH
    4.2 VAPOR RECOVERY UNITS MARKET, BY REGION
           FIGURE 9 MARKET IN OIL & GAS SEGMENT PROJECTED TO MAINTAIN GROWTH THROUGHOUT FORECAST PERIOD
    4.3 VAPOR RECOVERY UNITS MARKET, BY COUNTRY
           FIGURE 10 VAPOR RECOVERY UNITS MARKET IN CHINA AND INDIA PROJECTED TO REGISTER HIGH GROWTH DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 46)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 11 VAPOR RECOVERY UNITS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Fast recovery of automotive industry from impact of COVID-19
                               TABLE 1 COUNTRY-WISE AUTOMOTIVE PRODUCTION, 2018–2020 (UNIT)
                               FIGURE 12 GLOBAL PROVISIONAL PRODUCTION DATA FOR ALL VEHICLES
                    5.2.1.2 Stringent environmental regulations regarding VOC emissions
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of installation and maintenance of vapor recovery units
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Oil storage opportunities in Middle East & Africa due to rising energy demand
           5.2.4 CHALLENGES
                    5.2.4.1 Improper handling and assembly of vapor recovery units can lead to safety and environmental issues
    5.3 VALUE CHAIN ANALYSIS
    5.4 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 13 VAPOR RECOVERY UNITS MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.4.1 BARGAINING POWER OF BUYERS
           5.4.2 BARGAINING POWER OF SUPPLIERS
           5.4.3 THREAT OF NEW ENTRANTS
           5.4.4 THREAT OF SUBSTITUTES
           5.4.5 INTENSITY OF COMPETITIVE RIVALRY
    5.5 MACROECONOMIC INDICATORS
           5.5.1 OIL & GAS
                    FIGURE 14 OIL PRODUCTION, 2016-2020 (METRIC TON)
                    TABLE 2 CRUDE OIL TRADE BALANCE (MT)
    5.6 ENVIRONMENTAL REGULATIONS
           TABLE 3 AIR POLLUTION AND EMISSION CONTROL REGULATIONS

6 VAPOR RECOVERY UNITS MARKET, BY APPLICATION (Page No. - 56)
    6.1 INTRODUCTION
           FIGURE 15 TRANSPORTATION ESTIMATED TO BE LARGEST CONSUMER OF VAPOR RECOVERY UNITS DURING THE FORECAST PERIOD
           TABLE 4 VAPOR RECOVERY UNITS MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
           TABLE 5 VAPOR RECOVERY UNITS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)
    6.2 PROCESSING
           6.2.1 STEADY GROWTH OF OIL & GAS & CHEMICAL SECTORS TO DRIVE MARKET
                    TABLE 6 PROCESSING: VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 7 PROCESSING: VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
    6.3 STORAGE
           6.3.1 ASIA PACIFIC IS FASTEST-GROWING MARKET IN STORAGE APPLICATION
                    TABLE 8 STORAGE: VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 9 STORAGE: VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
    6.4 TRANSPORTATION
           6.4.1 VAPOR RECOVERY UNIT PLAYS CRUCIAL ROLE DURING TRANSPORTATION OF FUEL AND CHEMICAL PRODUCTS
                    TABLE 10 TRANSPORTATION: VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 11 TRANSPORTATION: VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)

7 VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY (Page No. - 62)
    7.1 INTRODUCTION
           FIGURE 16 VAPOR RECOVERY UNITS MARKET IN OIL & GAS INDUSTRY TO WITNESS HIGHER CAGR DURING FORECAST PERIOD
           TABLE 12 VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
           TABLE 13 VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
    7.2 OIL & GAS
           7.2.1 STEADY GROWTH OF OIL & GAS SECTOR TO FUEL MARKET GROWTH
           7.2.2 CRUDE OIL
           7.2.3 LIQUEFIED NATURAL GAS (LNG)
                    TABLE 14 OIL & GAS: VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 15 OIL & GAS: VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
           7.2.4 VAPOR RECOVERY UNITS MARKET FOR OIL & GAS, BY PROCESS
                    TABLE 16 VAPOR RECOVERY UNITS MARKET IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                    TABLE 17 VAPOR RECOVERY UNITS MARKET IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
                    7.2.4.1 Upstream
                               TABLE 18 UPSTREAM: VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                               TABLE 19 UPSTREAM: VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
                    7.2.4.2 Downstream
                               TABLE 20 DOWNSTREAM: VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                               TABLE 21 DOWNSTREAM: VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
    7.3 OTHERS
           7.3.1 LANDFILL
           7.3.2 CHEMICALS & PETROCHEMICALS
           7.3.3 PHARMACEUTICALS
                    TABLE 22 OTHERS: VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 23 OTHERS: VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)

8 REGIONAL ANALYSIS (Page No. - 70)
    8.1 INTRODUCTION
           FIGURE 17 CHINA PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 24 VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2017–2019 (USD MILLION)
           TABLE 25 VAPOR RECOVERY UNITS MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
    8.2 NORTH AMERICA
           FIGURE 18 NORTH AMERICA VAPOR RECOVERY UNITS MARKET SNAPSHOT
           TABLE 26 NORTH AMERICA: VAPOR RECOVERY UNITS MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)
           TABLE 27 NORTH AMERICA: VAPOR RECOVERY UNITS MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
           TABLE 28 NORTH AMERICA: VAPOR RECOVERY UNITS MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
           TABLE 29 NORTH AMERICA: VAPOR RECOVERY UNITS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)
           TABLE 30 NORTH AMERICA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
           TABLE 31 NORTH AMERICA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
           TABLE 32 NORTH AMERICA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
           TABLE 33 NORTH AMERICA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.2.1 US
                    8.2.1.1 Significant rise in demand from oil & gas industry and presence of major VRUs manufacturers to drive market
                               FIGURE 19 CRUDE OIL PRODUCTION (MT), 2010 TO 2020
                               FIGURE 20 US AUTOMOTIVE PRODUCTION AND SALES (‘000 UNITS), 2019-2021
                               TABLE 34 US: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 35 US: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 36 US: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 37 US: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.2.2 CANADA
                    8.2.2.1 Growth of major end-use industries to drive market in Canada
                               TABLE 38 CANADA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 39 CANADA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 40 CANADA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 41 CANADA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.2.3 MEXICO
                    8.2.3.1 Capital investments in oil & gas sector expected to create opportunities in vapor recovery units market
                               TABLE 42 MEXICO: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 43 MEXICO: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 44 MEXICO: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 45 MEXICO: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
    8.3 EUROPE
           FIGURE 21 EUROPE VAPOR RECOVERY UNITS MARKET SNAPSHOT
           TABLE 46 EUROPE: VAPOR RECOVERY UNITS MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)
           TABLE 47 EUROPE: VAPOR RECOVERY UNITS MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
           TABLE 48 EUROPE: VAPOR RECOVERY UNITS MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
           TABLE 49 EUROPE: VAPOR RECOVERY UNITS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)
           TABLE 50 EUROPE: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
           TABLE 51 EUROPE: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
           TABLE 52 EUROPE: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
           TABLE 53 EUROPE: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.3.1 UK
                    8.3.1.1 Implementation of new oil & gas pipeline projects will fuel demand for vapor recovery units
                               TABLE 54 UK: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 55 UK: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 56 UK: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 57 UK: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.3.2 GERMANY
                    8.3.2.1 Rise in solar power industry will boost demand for vapor recovery units
                               TABLE 58 GERMANY: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 59 GERMANY: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 60 GERMANY: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 61 GERMANY: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.3.3 ITALY
                    8.3.3.1 New LNG and pipeline projects in oil & gas industry will propel demand for vapor recovery units
                               TABLE 62 ITALY: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 63 ITALY: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 64 ITALY: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 65 ITALY: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.3.4 TURKEY
                    8.3.4.1 Growth in trade activity in oil & gas sector will boost demand for VRUs
                               TABLE 66 TURKEY: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 67 TURKEY: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 68 TURKEY: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 69 TURKEY: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.3.5 POLAND
                    8.3.5.1 Growth in oil & gas sector to boost demand for VRUs in Poland
                               TABLE 70 POLAND: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 71 POLAND: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 72 POLAND: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 73 POLAND: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.3.6 FRANCE
                    8.3.6.1 Growth in automotive and oil industries will drive vapor recovery units market
                               TABLE 74 FRANCE: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 75 FRANCE: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 76 FRANCE: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 77 FRANCE: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.3.7 NORWAY
                    8.3.7.1 Government policies for petroleum industry will drive VRUs market
                               TABLE 78 NORWAY: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 79 NORWAY: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 80 NORWAY: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 81 NORWAY: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.3.8 SPAIN
                    8.3.8.1 Growth in installation of solar panels will boost demand for vapor recovery units
                               TABLE 82 SPAIN: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 83 SPAIN: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 84 SPAIN: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 85 SPAIN: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.3.9 NETHERLANDS
                    8.3.9.1 Natural gas industry will drive demand for VRUs
                               TABLE 86 NETHERLANDS: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 87 NETHERLANDS: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 88 NETHERLANDS: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 89 NETHERLANDS: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.3.10 REST OF EUROPE
                    TABLE 90 REST OF EUROPE: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                    TABLE 91 REST OF EUROPE: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                    TABLE 92 REST OF EUROPE: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                    TABLE 93 REST OF EUROPE: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
    8.4 ASIA PACIFIC
           TABLE 94 ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)
           TABLE 95 ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
           TABLE 96 ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
           TABLE 97 ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)
           TABLE 98 ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
           TABLE 99 ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
           TABLE 100 ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
           TABLE 101 ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.4.1 CHINA
                    8.4.1.1 Growth in energy & power sector driving the demand
                               TABLE 102 CHINA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 103 CHINA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 104 CHINA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 105 CHINA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.4.2 INDIA
                    8.4.2.1 High investment in power and oil & gas sector to boost demand
                               TABLE 106 INDIA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 107 INDIA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 108 INDIA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 109 INDIA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.4.3 JAPAN
                    8.4.3.1 Growth in nuclear energy and energy sector fueling demand for vapor recovery units
                               TABLE 110 JAPAN: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 111 JAPAN: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 112 JAPAN: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 113 JAPAN: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.4.4 INDONESIA
                    8.4.4.1 Government policies on renewable resources boost demand for vapor recovery units
                               TABLE 114 INDONESIA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 115 INDONESIA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 116 INDONESIA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 117 INDONESIA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.4.5 AUSTRALIA
                    8.4.5.1 Growth in oil & gas industry will fuel the demand of VRUs in Australia
                               TABLE 118 AUSTRALIA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 119 AUSTRALIA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 120 AUSTRALIA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 121 AUSTRALIA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.4.6 THAILAND
                    8.4.6.1 High investment to increase oil production capacity driving demand for VRUs
                               TABLE 122 THAILAND: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 123 THAILAND: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 124 THAILAND: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 125 THAILAND: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.4.7 REST OF ASIA PACIFIC
                    TABLE 126 REST OF ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                    TABLE 127 REST OF ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                    TABLE 128 REST OF ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                    TABLE 129 REST OF ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
    8.5 MIDDLE EAST & AFRICA
           TABLE 130 MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)
           TABLE 131 MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
           TABLE 132 MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
           TABLE 133 MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)
           TABLE 134 MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
           TABLE 135 MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
           TABLE 136 MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
           TABLE 137 MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.5.1 IRAN
                    8.5.1.1 Rise in production of oil & gas to drive demand for vapor recovery units
                               TABLE 138 IRAN: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 139 IRAN: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 140 IRAN: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 141 IRAN: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.5.2 SAUDI ARABIA
                    8.5.2.1 High energy and oil & gas output drives demand for vapor recovery units in Saudi Arabia
                               TABLE 142 SAUDI ARABIA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 143 SAUDI ARABIA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 144 SAUDI ARABIA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 145 SAUDI ARABIA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.5.3 SOUTH AFRICA
                    8.5.3.1 Growth of oil & gas sector to drive demand for VRUs market
                               TABLE 146 SOUTH AFRICA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 147 SOUTH AFRICA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 148 SOUTH AFRICA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 149 SOUTH AFRICA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.5.4 NIGERIA
                    8.5.4.1 Growth in production of oil & gas fuels demand for vapor recovery units
                               TABLE 150 NIGERIA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 151 NIGERIA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 152 NIGERIA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 153 NIGERIA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.5.5 IRAQ
                    8.5.5.1 Rising demand for crude oil to boost demand for vapor recovery units
                               TABLE 154 IRAQ: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 155 IRAQ: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 156 IRAQ: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 157 IRAQ: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.5.6 EGYPT
                    8.5.6.1 Increasing oil production boosts demand for vapor recovery units in the country
                               TABLE 158 EGYPT: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 159 EGYPT: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 160 EGYPT: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 161 EGYPT: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.5.7 UAE
                    8.5.7.1 Growing demand for oil & petroleum to boost demand
                               TABLE 162 UAE: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 163 UAE: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 164 UAE: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 165 UAE: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.5.8 REST OF MIDDLE EAST & AFRICA
                    TABLE 166 REST OF MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                    TABLE 167 REST OF MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                    TABLE 168 REST OF MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                    TABLE 169 REST OF MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
    8.6 LATIN AMERICA
           TABLE 170 LATIN AMERICA: VAPOR RECOVERY UNITS MARKET SIZE, BY COUNTRY, 2017–2019 (USD MILLION)
           TABLE 171 LATIN AMERICA: VAPOR RECOVERY UNITS MARKET SIZE, BY COUNTRY, 2020–2027 (USD MILLION)
           TABLE 172 LATIN AMERICA: VAPOR RECOVERY UNITS MARKET SIZE, BY APPLICATION, 2017–2019 (USD MILLION)
           TABLE 173 LATIN AMERICA: VAPOR RECOVERY UNITS MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)
           TABLE 174 LATIN AMERICA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
           TABLE 175 LATIN AMERICA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
           TABLE 176 LATIN AMERICA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
           TABLE 177 LATIN AMERICA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.6.1 BRAZIL
                    8.6.1.1 Rising year-on-year oil & gas product throughput drives demand for vapor recovery units
                               TABLE 178 BRAZIL: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 179 BRAZIL: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 180 BRAZIL: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 181 BRAZIL: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.6.2 ARGENTINA
                    8.6.2.1 Expected growth in oil & gas and petrochemical industry to drive market
                               TABLE 182 ARGENTINA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 183 ARGENTINA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 184 ARGENTINA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 185 ARGENTINA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.6.3 VENEZUELA
                    8.6.3.1 Rising investment in oil & gas capacities will drive VRUs market
                               TABLE 186 VENEZUELA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 187 VENEZUELA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 188 VENEZUELA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 189 VENEZUELA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.6.4 COLOMBIA
                    8.6.4.1 Presence of major players and rising oil production driving demand
                               TABLE 190 COLOMBIA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                               TABLE 191 COLOMBIA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                               TABLE 192 COLOMBIA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                               TABLE 193 COLOMBIA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)
           8.6.5 REST OF LATIN AMERICA
                    TABLE 194 REST OF LATIN AMERICA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2017–2019 (USD MILLION)
                    TABLE 195 REST OF LATIN AMERICA: VAPOR RECOVERY UNITS MARKET SIZE, BY END-USE INDUSTRY, 2020–2027 (USD MILLION)
                    TABLE 196 REST OF LATIN AMERICA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2017–2019 (USD MILLION)
                    TABLE 197 REST OF LATIN AMERICA: VAPOR RECOVERY UNITS MARKET SIZE IN OIL & GAS, BY PROCESS, 2020–2027 (USD MILLION)

9 COMPETITIVE LANDSCAPE (Page No. - 129)
    9.1 INTRODUCTION
           FIGURE 22 ACQUISITIONS WAS MOST PREFERRED STRATEGY BY KEY COMPANIES IN PAST FEW YEARS
    9.2 MARKET SHARE ANALYSIS
           FIGURE 23 MARKET SHARE OF KEY PLAYERS, 2021
           TABLE 198 VAPOR RECOVERY UNITS MARKET: DEGREE OF COMPETITION
    9.3 COMPETITIVE SCENARIO
           9.3.1 ACQUISITIONS
           TABLE 199 ACQUISITIONS, 2019-2022

10 COMPANY PROFILES (Page No. - 131)
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 
     10.1 PSG DOVER
              TABLE 200 PSG DOVER: COMPANY OVERVIEW
           FIGURE 24 PSG DOVER: COMPANY SNAPSHOT
              TABLE 201 PSG DOVER: PRODUCT OFFERINGS
     10.2 PETROGAS SYSTEMS
              TABLE 202 PETROGAS SYSTEM: COMPANY OVERVIEW
              TABLE 203 PETROGAS SYSTEMS: PRODUCT OFFERINGS
     10.3 AAREON
              TABLE 204 AAREON: COMPANY OVERVIEW
           FIGURE 25 AAREON: COMPANY SNAPSHOT
     10.4 CIMARRON ENERGY, INC.
              TABLE 205 CIMARRON ENERGY, INC.: COMPANY OVERVIEW
              TABLE 206 CIMARRON ENERGY, INC.: PRODUCT OFFERINGS
              TABLE 207 CIMARRON ENERGY, INC.: DEALS
     10.5 JOHN ZINK COMPANY, LLC
              TABLE 208 JOHN ZINK COMPANY, LLC: COMPANY OVERVIEW
     10.6 CARBOVAC
              TABLE 209 CARBOVAC: COMPANY OVERVIEW
     10.7 SYMEX TECHNOLOGIES
              TABLE 210 SYMEX TECHNOLOGIES: COMPANY OVERVIEW
     10.8 BORSIG MEMBRANE TECHNOLOGIES
              TABLE 211 BORSIG MEMBRANE TECHNOLOGIES: COMPANY OVERVIEW
     10.9 COOL SORPTION A/S
              TABLE 212 COOL SORPTION A/S: COMPANY OVERVIEW
     10.10 VOCZERO LTD.
              TABLE 213 VOCZERO LTD.: COMPANY OVERVIEW
     10.11 ZEECO
              TABLE 214 ZEECO: COMPANY OVERVIEW
     10.12 FLOGISTIX
              TABLE 215 FLOGISTIX: COMPANY OVERVIEW
     10.13 KAPPA GI SRL
              TABLE 216 KAPPA GI SRL: COMPANY OVERVIEW
     10.14 S&S TECHNICAL SERVICES, LLC
              TABLE 217 S&S TECHNICAL SERVICES, LLC: COMPANY OVERVIEW
     10.15 PLATINUM VAPOR CONTROL
              TABLE 218 PLATINUM VAPOR CONTROL: COMPANY OVERVIEW
     10.16 WHIRLWIND METHANE RECOVERY SYSTEMS
              TABLE 219 WHIRLWIND METHANE RECOVERY SYSTEMS: COMPANY OVERVIEW
     10.17 OTA COMPRESSION, LLC
              TABLE 220 OTA COMPRESSION, LLC: COMPANY OVERVIEW
     10.18 FLOTECH PERFORMANCE SYSTEMS LTD.
              TABLE 221 FLOTECH PERFORMANCE SYSTEMS LTD.: COMPANY OVERVIEW
     10.19 UNIMAC
              TABLE 222 UNIMAC: COMPANY OVERVIEW
     10.20 POWER SERVICE
              TABLE 223 POWER SERVICE: COMPANY OVERVIEW
     10.21 PREMATECNICA DE MEXICO
              TABLE 224 PREMATECNICA DE MEXICO: COMPANY OVERVIEW
     10.22 AQT (ADVANCED QUALITY TECHNOLOGIES)
              TABLE 225 AQT (ADVANCED QUALITY TECHNOLOGIES): COMPANY OVERVIEW
     10.23 WARNER NICHOLSON ENGINEERING CONSULTANTS (WNEC)
              TABLE 226 WARNER NICHOLSON ENGINEERING CONSULTANTS (WNEC): COMPANY OVERVIEW
     10.24 GARO ENGINEERED SOLUTIONS
              TABLE 227 GARO ENGINEERED SOLUTIONS: COMPANY OVERVIEW
     10.25 KILBURN ENGINEERING
              TABLE 228 KILBURN ENGINEERING: COMPANY OVERVIEW
     10.26 AMETEK FLUID SOLUTIONS
              TABLE 229 AMETEK FLUID SOLUTIONS: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 

11 APPENDIX (Page No. - 152)
     11.1 INSIGHTS FROM INDUSTRY EXPERTS
     11.2 DISCUSSION GUIDE
     11.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     11.4 AVAILABLE CUSTOMIZATIONS
     11.5 RELATED REPORTS
     11.6 AUTHOR DETAILS

This research study involved extensive use of secondary sources, directories, and databases such as D&B Hoovers, Forbes, Bloomberg Businessweek, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study on the vapor recovery units market. Primary sources included industry experts from core and related industries and preferred suppliers, dealers, manufacturers, alliances, certification organizations, and organizations related to all the segments of the industry’s value chain.  In-depth interviews were conducted with various primary respondents, such as key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information as well as to assess prospects of the market.

Secondary Research

Secondary data includes company information acquired from annual reports, press releases, and investor presentations; white papers; and articles from recognized authors. In the market engineering process (which includes calculations for market statistics, market breakdown, market size estimations, market forecast, and data triangulation), both the top-down and bottom-up approaches were extensively used, along with several data triangulation methods to obtain, verify, and validate the market revenues arrived at. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list key information/insights throughout the report.

Primary Research

In the primary research process, experts from both the supply- and demand-side were interviewed to obtain qualitative and quantitative information and to validate the data arrived at through secondary research. Primary sources from the supply-side included industry experts, such as CEOs, Vice Presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the vapor recovery units market.

Following is the breakdown of primary respondents

Vapor Recovery Units Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the supply-side and demand-side approaches were extensively used, along with several data triangulation methods, for market size estimation and forecast of the overall market segments listed in this report. Extensive qualitative and quantitative data were analyzed to list key information/insights throughout the report.

The top-down and bottom-up approaches were used to estimate and validate the market sizes of vapor recovery units for various submarkets in each region.

Data Triangulation

After arriving at the overall market size, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data was triangulated by studying various factors and trends from both the demand- and supply-side. In addition, the market size was validated using both the top-down and bottom-up approaches.

Report Objectives

  • To estimate and forecast the vapor recovery units market in terms of value
  • To provide detailed information regarding the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, describe, and forecast the vapor recovery units market based on application, end-use industry, and region
  • To estimate and forecast the size of the vapor recovery units market across five main regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
  • To strategically analyze micromarkets1 with respect to individual growth trends, growth prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape
  • To profile key players in the vapor recovery units market and comprehensively analyze their core competencies
  • To provide a detailed competitive landscape of the vapor recovery units market, along with an analysis of business and corporate strategies, such as mergers & acquisitions, new product launches & developments, and expansions, adopted by key market players

Available Customizations:

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:

Product Analysis:

  • Product Matrix which gives a detailed comparison of the product portfolio of each company

Regional Analysis:

  • Further breakdown of the Rest of APAC vapor recovery units  market
  • Further breakdown of Rest of Europe vapor recovery units  market

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
CH 6173
Published ON
May, 2022
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