Vapor Recovery Units Market
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. Vapor Recovery Units: Drivers & Restraints
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.
Vapor Recovery Units: Drivers & Restraints
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<strong>Vapor</strong> <strong>Recovery</strong><br />
<strong>Units</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2015<br />
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Report Description<br />
The vapor recovery units captures the light hydrocarbons and other volatile organic<br />
compounds (VOC) that generally escape, and stores these environmental hazardous<br />
substances in a space between the liquid and fixed roof of the storage tanks. The<br />
complete operation of vapor recovery units is controlled through a PLC using a smart<br />
pressure transmitter as the main control device. The main operational components of<br />
vapor recovery units consists of a transfer pump, control pilot, suction scrubber, rotary<br />
compressor and bypass valves along with a gas sales meter. The global market for vapor<br />
recovery units has become more diversified in the recent years. New developments and<br />
expansions in the emission regulations has created the need for more complex, larger<br />
and specialized units. The global vapor recovery units market is anticipated to witness a<br />
significant growth in the coming years as they can yield generous results when there are<br />
market outlets for recovered gas.<br />
<strong>Vapor</strong> <strong>Recovery</strong> <strong>Units</strong>: Drivers & Restraints<br />
The vapor recovery units provides substantial ecological and economic benefits for oil<br />
and gas producers. The gases that are flashed from the crude oil are captured by the<br />
vapor recovery units and are sold at a profit. These gases can also be utilized in facility<br />
operations. These factors are driving the market for global vapor recovery units.<br />
Furthermore, these recovered vapors are also used as a fuel for onsite processes and can<br />
be piped to natural gas gathering pipes for sale at an exceptional price as high as Btu<br />
natural gas. Moreover, the vapor recovery units not only decrease the VOC emissions by<br />
more than 95%, but also makes it harmless for field and operations workers to work in<br />
top of the tanks without getting exposed to H2S or any other explosions.
Report Description<br />
These factors further help to drive the vapor recovery market globally. The major<br />
restraint in the global vapor recovery units market is that they are expensive and time<br />
consuming to install, and further impact the fast-paced environment of oil and gas<br />
market. The installation of vapor recovery units acts as a major hindrance, thereby<br />
restraining its market growth.<br />
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<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 and<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:
Report Description<br />
Small Packages<br />
Large Packages<br />
The small packages are designed to recover the vapors present at the top of the oil<br />
storing tanks at the drill sites. These packages use a five horsepower blower mounted at<br />
the top of the receiver tank. Whereas, when higher pressures are required to push the<br />
gas to a further distance or into a higher pressure line the vapor recovery units makes use<br />
of the larger packages.<br />
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<strong>Vapor</strong> <strong>Recovery</strong> <strong>Units</strong>: Region-wise Outlook<br />
North America is currently the largest market in the global vapour recovery units market.<br />
The positive demonstration of the current oil and natural gas production boom in the<br />
U.S. can be seen at the gas stations across the country. Moreover, the huge drop in the<br />
price for a gallon of gas, has resulted in an increase in oilfield actions, thereby increasing<br />
the amount of vapors created and emitted during production, transport and storage.<br />
Henceforth, many operators are turning to the installation of vapour recovery units at<br />
their oilfield storage sites. Middle East & Africa and Asia Pacific are also anticipated to<br />
witness significant growth over the next few years on accounts of the increasing demand<br />
of oilfield activities in these regions. <strong>Vapor</strong> recovery units marketis anticipated to expand<br />
at a steady rate in other regions of the world as a result of a slowing global economy and<br />
fewer oilfield activities in these regions.
Report Description<br />
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<strong>Vapor</strong> <strong>Recovery</strong> <strong>Units</strong>: Key Players<br />
Some of the key participants identified in the global vapour recovery units market are<br />
AEREON, Fjords Processing AS, HY-Bon, Inc, SGS, Burlington Resources, Inc, Aker<br />
Solutions, PETROGAS SYSTEMS, Whirlwind Methane <strong>Recovery</strong> Systems, LLC, SGR<br />
International, Inc and John Zink Company, LLC among many others.
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