Market Overview

Vapor recovery unit is a set-up designed to remove undesirable vapors present in distillate tank or crude oil that allows operators to adhere to prevailing emission regulations. VRU is predominantly used in upstream and downstream processes in oil & gas industry. It is also used in chemicals, oil & gas, and refineries. Moreover, vapor recovery unit is used to recover vapors that are directly emitted into the environment. VRUs are mechanically driven and are powered by an electric motor or gas engine. The working of VRU is based on the Ideal gas law. There are four principal components of vapor recovery unit namely scrubber, gas compressor, switching device, and variable frequency drives (VFDs).

The global vapor recovery services market is estimated to account for US$ 303.5 Mn in terms of value by the end of 2019

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Market Dynamics

Vapor recovery is the process of recovering the vapors of gasoline or other fuels, so that they do not escape into the atmosphere. This is often done at gas filling stations, in order to reduce potential and noxious explosive pollution and fumes. Vapor recovery units reduce these losses by capturing the light hydrocarbons and other volatile organic compounds (VOC) which usually escape, and stores these environmental hazardous substances in a space between the liquid and fixed roof of the storage tanks. Vapor recovery services involves complete set of solutions such as, repairs and maintenance, technical consultancy, control software, testing vapor recovery performance, training, and system upgrades. Furthermore, vapor recovery devices are air pollution control devices which recovers the contaminant and converts it to its original and reusable state. Vapor Recovery services helps to simplify the complex process of compliances with various advanced solutions.

Detailed Segmentation:

Global Vapor Recovery Services Market, By Process:

Upstream

Midstream/ Downstream

Global Vapor Recovery Services Market, By Applications:

Marine Loading

Storage Tank Vents

Railcar and Truck Loading

Global Vapor Recovery Services Market, By Operation:

New Installations

Services (O&M)



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Key players operating in the global vapor recovery services market are SGS SA, PSC (Vapor Control), Zeeco, Inc., PSG Dover, Atlas Process Innovation, Hy-Bon/EDI, AEREON, Entech Corporation, JOHN ZINK COMPANY, LLC, Vapor Point LLC., OPW Company, Global Vapor Control, Inc. (GVC) (part of Tri-Star), and Petrogas Systems.

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