VOC emissions can be controlled with the aid of vapor recovery services:
The global vapor recovery services market is estimated to grow at a CAGR of approximately XX during the forecast period to increase from USD XX Million in 2017 to USD XX Million by 2025. Vapor recovery services play a significant role in controlling the emissions of volatile organic compounds in the oil and gas industry, which are dangerous pollutants of the environment. They recover the vapors of gasoline or other fuels from escaping into the air to prevent the poisonous and explosive fumes.
Apart from the oil and gas industry, the vapor recovery services are also used in the chemical process industry to remove and recover vapors from tanks used for storing. These chemical industry vapors are either harmful to the atmosphere or valuable for further uses. In the oils and gas industry, Ejector Vapor Recovery Units create a closed system for recovering vapor and reduce methane and other VOC emissions. Nations like Australia has made it compulsory to install vapor recovery units in major urban areas. Additionally, vapor recovery towers are also used in the oil and gas industry to provide fresh gas recovery.
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The strict government regulations for controlling the volatile organic emissions is the principal factor driving the growth of the global vapor recovery services market. Other than those regulations, the increasing energy demand in the oil and gas industry, use of recovery units in the transportation like truck and rail loading, growing demand for crude oil storage tanks and other factors are also accelerating the market growth. However, the risks of VOC emissions during the transport and high expenses of vapor recovery services may slightly hinder the expansion of the market.
Global Vapor Recovery Services Market Geographical Analysis:
Based on geography, the global vapor recovery services market is studied in the regions of North America, South America, Middle East & Africa, Europe, and the Asia Pacific. Europe accounts for the largest market share of the recovery units and is expected to retain its top position in the future due to the growing demand for vapor recovery service units from the oil and gas industry in the nations like UK, Germany, and Italy.
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Global Vapor Recovery Services Market Key Players:
The key players contributing to the global market are SGS SA, Zeeco, Inc., Atlas Process Innovation, AEREON, JOHN ZINK COMPANY, LLC, Petrogas Systems, Global Vapor Control, Inc. (GVC) (part of Tri-Star), Vapor Point LLC., Envent Corporation, Entech, Hy-Bon, PSG Dover, and PSC.
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