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Vapour Recovery Units Industry 2016 Market Analysis Survey Research Growth and Forecast Report

Press Release   •   Oct 14, 2016 05:44 EDT

This report analyses the global vapour recovery units market for the forecast period 2016–2026. The primary objective of this report is to identify opportunities in the market and demonstrate market dynamics and trends that are expected to influence the current environment and future status of the vapour recovery units market over the forecast period.

Vapour recovery units are used to recover vapours such as natural gas, gasoline and other fuels so that these gases can be reused in various industrial applications to gain economic benefits. These units are widely used in upstream as well as downstream process in various chemical process industry. Demand for VRU at downstream is highly volatile owing to market maturity and high cost of installation that many small terminals are not able to afford. Various technologies involved in vapour recovery units are condensation, absorption, adsorption and membrane separation.

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To understand and assess opportunities in this market, the report is categorically divided into five key segments on the basis of process, technology, application, end-use and region. The report analyses the global vapour recovery units market in terms of value (US$ Mn) and volume (units).

The report begins with an overview of the global vapour recovery units market, appraising market performance in terms of revenue and volume, followed by FMI’s analysis of key trends, opportunities, drivers, and restraints witnessed in the global market.

In the flowing section, FMI analyses the global thermal spray coatings market on the basis of process type and presents a forecast for 2016–2026.

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To calculate market size, the report considers various aspects based on secondary research. Furthermore, data points such as regional split and market split by end-use and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the global revenue generated by sales of vapour recovery units in upstream as well as downstream processes.

While developing the market forecast, the report begins by sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, FMI triangulates the data via different analysis based on new oil & gas projects across the globe, downturn in oil & gas industry, supply side, demand side, and dynamics of the vapour recovery units market. However, quantifying the market across the aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities.