Report overview
A Vapor Recovery Unit (VRU) is a set-up designed to remove unwanted vapors present in crude oil or distillate tanks allowing operators to comply with prevailing emission regulations.
This report aims to provide a comprehensive presentation of the global market for Vapor Recovery Units, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vapor Recovery Units. This report contains market size and forecasts of Vapor Recovery Units in global, including the following market information:
Global Vapor Recovery Units Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Vapor Recovery Units Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Vapor Recovery Units companies in 2022 (%)
The global Vapor Recovery Units market was valued at US$ 428.5 million in 2022 and is projected to reach US$ 560.9 million by 2029, at a CAGR of 3.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Vapor Recovery Units are mainly classified into the following types: Less than 500m3/h, 500-2000m3/h and More than 2000m3/h. Less than 500m3/h is the most widely used type which take up above 82% of the total sales in 2019.
Vapor Recovery Units have wide range of applications, such as Gas Station, Tank Truck, Oilfield & Oil Refinery, Oil Depot and Other. Gas Station was the most widely used area which took up about 64% of the global total in 2019.
North America is the largest region of Vapor Recovery Units in the world in the past few years, which took up above 34% the global market in 2019.
Aereon, Bay Environmental Technology (Beijing) Corp., Zeeco, Cool Sorption, John Zink Hamworthy (Koch Industries), etc. are the key suppliers in the global Vapor Recovery Units market. Top 5 took up around 20% of the total sales in 2019.
We surveyed the Vapor Recovery Units manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vapor Recovery Units Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Vapor Recovery Units Market Segment Percentages, by Type, 2022 (%)
Less than 500 m3/h
500-2000 m3/h
More than 2000 m3/h
Global Vapor Recovery Units Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Vapor Recovery Units Market Segment Percentages, by Application, 2022 (%)
Gas Station
Tank Truck
Oilfield & Oil Refinery
Oil Depot
Global Vapor Recovery Units Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Vapor Recovery Units Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Vapor Recovery Units revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Vapor Recovery Units revenues share in global market, 2022 (%)
Key companies Vapor Recovery Units sales in global market, 2018-2023 (Estimated), (Units)
Key companies Vapor Recovery Units sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Alma Group
Borsig (KNM Group Berhad)
John Zink Hamworthy (Koch Industries)
Symex
Aereon
Cool Sorption
VOCZero
Zeeco
Unimac (Air Mac)
Kappa GI
Kilburn Engineering
S&S Technical
Platinum Control
OTA Compression
Flotech Performance Systems
Blackmer (PSG)
PetroGas Systems
AQT
CORKEN
Bay Environmental Technology (Beijing) Corp.
Jiangsu Golden Gate Energy & Equipment Co., Ltd
Shenzhen Autoware Science&Technology Co.,Ltd
Outline of Major Chapters:
Chapter 1: Introduces the definition of Vapor Recovery Units, market overview.
Chapter 2: Global Vapor Recovery Units market size in revenue and volume.
Chapter 3: Detailed analysis of Vapor Recovery Units manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Vapor Recovery Units in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Vapor Recovery Units capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
