FMI: Vapor Recovery Units Market Revenue, Opportunity, Forecast and Value Chain 2015-2025
The vapor recovery units captures the light hydrocarbons and other volatile organic compounds (VOC) that generally escape, and stores these environmental hazardous substances in a space between the liquid and fixed roof of the storage tanks. The complete operation of vapor recovery units is controlled through a PLC using a smart pressure transmitter as the main control device. The main operational components of vapor recovery units consists of a transfer pump, control pilot, suction scrubber, rotary compressor and bypass valves along with a gas sales meter. The global market for vapor recovery units has become more diversified in the recent years. New developments and expansions in the emission regulations has created the need for more complex, larger and specialized units. The global vapor recovery units market is anticipated to witness a significant growth in the coming years as they can yield generous results when there are market outlets for recovered gas.
The vapor recovery units captures the light hydrocarbons and other volatile organic compounds (VOC) that generally escape, and stores these environmental hazardous substances in a space between the liquid and fixed roof of the storage tanks. The complete operation of vapor recovery units is controlled through a PLC using a smart pressure transmitter as the main control device. The main operational components of vapor recovery units consists of a transfer pump, control pilot, suction scrubber, rotary compressor and bypass valves along with a gas sales meter. The global market for vapor recovery units has become more diversified in the recent years. New developments and expansions in the emission regulations has created the need for more complex, larger and specialized units. The global vapor recovery units market is anticipated to witness a significant growth in the coming years as they can yield generous results when there are market outlets for recovered gas.
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Report Description<br />
more than 95%, but also makes it harmless for field <strong>and</strong> operations workers to work in<br />
top of the tanks without getting exposed to H2S or any other explosions. These factors<br />
further help to drive the vapor recovery market globally. The major restraint in the global<br />
vapor recovery units market is that they are expensive <strong>and</strong> time consuming to install, <strong>and</strong><br />
further impact the fast-paced environment of oil <strong>and</strong> gas market. The installation of<br />
vapor recovery units acts as a major hindrance, thereby restraining its market growth.<br />
<strong>Vapor</strong> <strong>Recovery</strong> <strong>Units</strong>: Segmentation<br />
On the basis of types,the global vapor recovery market is segmented into:<br />
•Conventional vapor recovery units<br />
•Venturi ejector vapor recovery units (EVRU) or vapor jets<br />
The conventional vapor recovery units compromises of special designed packages<br />
configured to capture the low pressure, wet gas streams with almost negligible oxygen<br />
entrance. Whereas, the venturi EVRU uses jet ejectors instead of rotary compressors <strong>and</strong><br />
compromises of no moving parts. Both these segments are likely to witness a substantial<br />
incremental opportunity in the near future.<br />
On the basis of packages, the global vapor recovery market is segmented into:<br />
•Small Packages<br />
•Large Packages
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