蒸気回収ユニット市場 – 2030年までの世界予測

Vapor Recovery Units Market - Global Forecast To 2030

蒸気回収ユニット市場 - タイプ(吸着、吸収、凝縮、膜分離)、用途(処理、貯蔵、輸送)、最終用途産業(石油・ガス、化学薬品・石油化学製品)、地域別 - 2030年までの世界予測
Vapor Recovery Units Market by Type (Adsorption, Absorption, Condensation, and Membrane Separation), Application (Processing, Storage, and Transportation), End-use Industry (Oil & Gas, and Chemicals & Petrochemicals), and Region - Global Forecast to 2030

商品番号 : SMB-15815

出版社MarketsandMarkets
出版年月2025年3月
ページ数197
図表数209
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The vapor recovery unit market is anticipated to expand from USD 1.22 billion in 2025 to USD 1.41 billion in 2030 with a compound annual growth rate (CAGR) of 2.9%.

蒸気回収ユニット市場は、2025年の12億2,000万米ドルから2030年には14億1,000万米ドルに拡大し、年間複合成長率(CAGR)は2.9%になると予想されています。

The prospects of this market appear promising as the industries are progressively dedicated to emission reduction and compliance with regulations. With increased environmental awareness and more stringent air quality standards, more demand for efficient vapor recovery technology is emerging. Also, emphasis on hydrocarbon recovery, energy efficiency, and sustainability is fueling market growth. Diversification of the oil and gas, chemical, and petrochemical industries, and the technological advances in vapor recovery technologies, will continue to ensure gradual growth of the market in the future.

業界が排出量削減と規制遵守に徐々に注力しているため、この市場の見通しは有望に見えます。環境意識の高まりと空気品質基準の厳格化に伴い、効率的な蒸気回収技術に対する需要が高まっています。また、炭化水素回収、エネルギー効率、持続可能性への重点が市場の成長を後押ししています。石油・ガス、化学、石油化学業界の多様化と蒸気回収技術の技術的進歩により、今後も市場は徐々に成長し続けるでしょう。

蒸気回収ユニット市場 - 2030年までの世界予測
vapor-recovery-unit-market-Overview

“ Adsorption is projected to be the second fastest-growing segment by thickness in the vapor recovery units  market”

The adsorption section of the vapor recovery units (VRUs) market would be the second fastest growing because of its effectiveness at capturing hydrocarbon vapors in addition to volatile organic compounds (VOCs). These ad-based VRUs find main applications in petrochemicals, chemicals, and in the oil and gas sector for vapor recovery as well as control of emissions. There are suitable applications for industrial settings that have lengthy lifespans because VRUs are resilient, require very low maintenance, and are viable with changing vapors’ compositions. In addition, the demand for such technologies is being driven by tighter emissions standards as well as a growing emphasis on green operations.

“Storage is projected to be the second largest segment by application in vapor recovery units market”

The storage segment is to be the second-largest market application of VRUs due to its major role in minimizing the emissions from the storage tanks of terminals, refineries, and industrial facilities. Storage VRUs recover valuable hydrocarbons with strict environmental regulation compliance. With industries placing greater emphasis on minimising VOC emissions and enhancing efficiency of operations, the need for vapor recovery solutions in storage facilities is rising. Moreover, growth in oil & gas storage infrastructure and increasing sustainability initiatives are likely to drive growth in this segment further.

“Chemicals & Petrochemicals is the second largest segment by end-use industry in vapor recovery units market during forecast region.”

The chemicals & petrochemicals segment is the second-largest end-use segment in the vapor recovery units (VRUs) market. Environmental regulations and sustainability programs are increasingly driving the use of VRUs in chemical processing, refining, and storage plants. The units recover and capture vapors efficiently, lowering emissions while improving operating efficiency. With the growing demand for petrochemical products and increasing investment in refining capacity, the demand for high-tech vapor recovery solutions is increasing. Companies are prioritizing emission control technology to comply with regulations and improve sustainability. Hence, the chemicals & petrochemicals industry will continue to be the highest growth contributor for the VRU market.

蒸気回収ユニット市場 - 2030年までの世界予測 region
vapor-recovery-unit-market-Region

“North America accounts for the second-largest share in vapor recovery units market by region in 2024”

As a result of stringent emission control and improved environmental regulations, North America is the second-largest market for vapor recovery units (VRUs) globally. The focus of the region towards enhancing air quality and minimizing VOC emissions is propelling the demand for advanced VRU technology. In an attempt to enhance operational efficiency and meet the requirements of EPA regulations, North American industries increasingly favor using vapor recovery solutions. Other than that, pressure towards cleaner energy identification and increasing investment in cleaner behavior is accelerating VRU development. Policymaking in support of emission reduction as well as hydrocarbon recovery still drives more aggressive regional market attitudes.

  • By Company Type: Tier 1: 25%, Tier 2: 42%, and Tier 3: 33%
  • By Designation: C-level Executives: 20%, Directors: 30%, and Others: 50%
  • By Region: North America: 20%, Europe: 10%, Asia Pacific: 40%, South America: 10%, Middle East & Africa 20%

Notes: Others include sales, marketing, and product managers.

Tier 1: >USD 1 Billion; Tier 2: USD 500 million–1 Billion; and Tier 3: <USD 500 million

Companies Covered: Dover Corporation (US), Cimarron Energy, Inc. (US), John Zink (US), PETROGAS Systems (US), Carbovac (France), SYMEX Technologies LLC (US), BORSIG GmbH (Germany), Cool Sorption (Denmark), Kilburn Engineering (India), and Zeeco, Inc. (US) among others are covered in the vapor recovery units market.

蒸気回収ユニット市場 - 2030年までの世界予測 ecosystem
vapor-recovery-unit-market-Ecosystem

The study includes an in-depth competitive analysis of these key players in the vapor recovery units, with their company profiles, recent developments, and key market strategies

Research Coverage

This research report categorizes the vapor recovery units market by type (adsorption, absorption, condensation, and membrane separation), by application (processing, storage, and transportation), end-use industry (oil & gas, chemicals & petrochemicals, and other end-use industries) and by region (Asia Pacific, North America, Europe, South America, and Middle East & Africa). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the vapor recovery units market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Agreements, new product launches, acquisitions, and recent developments associated with the vapor recovery units market. Competitive analysis of upcoming startups in the vapor recovery units market ecosystem is covered in this report.

Reasons to buy the report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall vapor recovery units market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Expansion of oil and gas activities fueling widespread deployment of vapor recovery units, and Regulatory compliance boosting adoption of vapor recovery units) restraints (Investment uncertainty & capital expenditure constraints), opportunities (Transformation of vapor recovery and vapor recovery unit advancements, Innovation in vapor recovery solutions, and Expanding applications beyond oil & gas), and challenges (Technical challenges in the vapor recovery units and Safety and environmental risks of incorrect handling and installation of vapor recovery units).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the vapor recovery units market
  • Market Development: Comprehensive information about profitable markets – the report analyses the vapor recovery units market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the vapor recovery units market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Dover Corporation (US), Cimarron Energy, Inc. (US), John Zink (US), PETROGAS Systems (US), Carbovac (France), SYMEX Technologies LLC (US), BORSIG GmbH (Germany), Cool Sorption (Denmark), Kilburn Engineering (India), and Zeeco, Inc. (US) among others.

Table of Contents

1              INTRODUCTION       20

1.1           STUDY OBJECTIVES 20

1.2           MARKET DEFINITION               20

1.3           STUDY SCOPE          21

1.3.1        MARKET SEGMENTATION & GEOGRAPHICAL SPREAD            21

1.3.2        INCLUSIONS & EXCLUSIONS   22

1.4           YEARS CONSIDERED               22

1.5           CURRENCY CONSIDERED        23

1.6           STAKEHOLDERS      23

1.7           SUMMARY OF CHANGES         23

2              RESEARCH METHODOLOGY    24

2.1           RESEARCH DATA     24

2.1.1        SECONDARY DATA  25

2.1.1.1    Key data from secondary sources           25

2.1.2        PRIMARY DATA        26

2.1.2.1    Key data from primary sources                26

2.1.2.2    Key insights from experts        26

2.1.2.3    Breakdown of interviews with experts     27

2.2           MARKET SIZE ESTIMATION     27

2.3           DATA TRIANGULATION             29

2.4           RESEARCH ASSUMPTIONS      31

2.5           RISK ASSESSMENT 31

2.6           LIMITATIONS            31

2.7           GROWTH FORECAST MODEL   32

3              EXECUTIVE SUMMARY             33

4              PREMIUM INSIGHTS                37

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN VAPOR RECOVERY UNITS MARKET        37

4.2           EUROPE: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY AND KEY COUNTRY 38

4.3           VAPOR RECOVERY UNITS MARKET: REGIONAL SNAPSHOT    38

5              MARKET OVERVIEW 39

5.1           INTRODUCTION       39

5.2           MARKET DYNAMICS                 39

5.2.1        DRIVERS  40

5.2.1.1    Expansion of oil and gas activities          40

5.2.1.2    Need for strict regulatory compliance     42

5.2.2        RESTRAINTS            42

5.2.2.1    Investment uncertainty and capital expenditure constraints 42

5.2.3        OPPORTUNITIES      43

5.2.3.1    Transformation and automation of vapor recovery units        43

5.2.3.2    Innovation in vapor recovery solutions    43

5.2.3.3    Adoption of vapor recovery units beyond oil & gas sector       44

5.2.4        CHALLENGES           45

5.2.4.1    Technical challenges associated with compressor selection  45

5.2.4.2    Environmental risks associated with incorrect handling and installation of vapor recovery units            45

5.3           TRENDS & DISRUPTIONS IMPACTING CUSTOMER BUSINESS                 46

5.4           VALUE CHAIN ANALYSIS          47

5.5           ECOSYSTEM ANALYSIS            49

5.6           TECHNOLOGY ANALYSIS          50

5.6.1        KEY TECHNOLOGIES                50

5.6.1.1    Activated carbon vapor recovery systems                50

5.6.1.2    Hybrid recovery systems          51

5.6.2        COMPLEMENTARY TECHNOLOGIES        51

5.6.2.1    Pre-engineered vapor recovery systems  51

5.6.3        ADJACENT TECHNOLOGIES     52

5.6.3.1    Regenerative thermal oxidizers               52

5.7           IMPACT OF AI/GEN AI ON VAPOR RECOVERY UNITS MARKET 52

5.8           PATENT ANALYSIS   53

5.9           TRADE ANALYSIS     57

5.9.1        EXPORT SCENARIO  57

5.9.2        IMPORT SCENARIO  58

5.10         KEY CONFERENCES & EVENTS, 2025–2026         59

5.11         TARIFF & REGULATORY LANDSCAPE       60

5.11.1     TARIFF SCENARIO   60

5.11.2     REGULATORY LANDSCAPE      63

5.11.2.1  Regulatory bodies, government agencies, and other organizations                 63

5.11.3     KEY REGULATIONS  69

5.11.3.1  European Union’s Directive 94/63/EC   69

5.11.3.2  MARPOL Annex VI    69

5.11.3.3  CAN/CGSB-3.1000-2024       70

5.11.3.4  International Organization for Standardization (ISO)              70

5.12         PORTER’S FIVE FORCES ANALYSIS          70

5.12.1     THREAT FROM NEW ENTRANTS              71

5.12.2     THREAT FROM SUBSTITUTES  71

5.12.3     BARGAINING POWER OF SUPPLIERS       71

5.12.4     BARGAINING POWER OF BUYERS            72

5.12.5     INTENSITY OF COMPETITIVE RIVALRY     72

5.13         KEY STAKEHOLDERS & BUYING CRITERIA              72

5.13.1     KEY STAKEHOLDERS IN BUYING PROCESS             72

5.13.2     BUYING CRITERIA    73

5.14         CASE STUDY ANALYSIS            74

5.14.1     ZEECO PROPOSED COMPREHENSIVE RETROFIT, REPLACING OUTDATED LRVP SYSTEM WITH STATE-OF-THE-ART DRY SCREW VACUUM PUMP                 74

5.14.2     FLOGISTIX COLLABORATED WITH REGIONAL OPERATORS TO IMPLEMENT ITS MULTI-STREAM SOLUTION            74

5.14.3     INDEPENDENT EXPLORATION & PRODUCTION (E&P) COMPANY OPERATING IN PERMIAN BASIN IMPLEMENTED ECOVAPOR ZERO2 SYSTEM TO MAXIMIZE GAS RECOVERY      75

5.15         MACROECONOMIC OUTLOOK 76

5.15.1     INTRODUCTION       76

5.15.2     GDP TRENDS AND FORECASTS               76

5.15.3     OIL & GAS SECTOR  77

6              VAPOR RECOVERY UNITS MARKET, BY TYPE           79

6.1           INTRODUCTION       80

6.2           ADSORPTION           81

6.2.1        ADSORPTION VAPOR RECOVERY UNITS UTILIZE REGENERABLE CARBON BEDS TO CAPTURE AND RECOVER VOCS FROM INDUSTRIAL EMISSIONS                 81

6.3           MEMBRANE SEPARATION       81

6.3.1        MEMBRANE VAPOR RECOVERY UNITS ARE VALUED FOR THEIR COMPACT DESIGN AND LOW ENERGY CONSUMPTION           81

6.4           CONDENSATION      82

6.4.1        CONDENSATION HELPS CAPTURE VOCS AND OTHER HAZARDOUS AIR POLLUTANTS FROM EMISSIONS              82

6.5           ABSORPTION           83

6.5.1        NEED FOR CONTROLLING VOC EMISSIONS IN INDUSTRIAL SETTINGS TO DRIVE MARKET  83

7              VAPOR RECOVERY UNITS MARKET, BY APPLICATION             84

7.1           INTRODUCTION       85

7.2           PROCESSING           85

7.2.1        FOCUS ON OPTIMIZING PROCESSING EFFICIENCY TO DRIVE MARKET                 85

7.3           STORAGE 86

7.3.1        NEED FOR IMPROVING EFFICIENCY IN STORAGE APPLICATIONS TO DRIVE MARKET        86

7.4           TRANSPORTATION   86

7.4.1        VAPOR RECOVERY UNITS CONTROL EMISSIONS AND ENHANCE SAFETY DURING TRANSPORTATION OF HYDROCARBONS AND CHEMICALS       86

8              VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY  88

8.1           INTRODUCTION       89

8.2           OIL & GAS                90

8.2.1        NEED FOR ENHANCED OPERATIONAL EFFICIENCY TO FUEL GROWTH                 90

8.3           CHEMICALS & PETROCHEMICALS           90

8.3.1        STRICT ENVIRONMENTAL POLICIES TO DRIVE ADOPTION OF VAPOR RECOVERY UNITS    90

8.3.2        OTHER END-USE INDUSTRIES 91

9              VAPOR RECOVERY UNITS MARKET, BY REGION      92

9.1           INTRODUCTION       93

9.2           NORTH AMERICA     94

9.2.1        US            97

9.2.1.1    Rising demand for oil and gas to propel market growth         97

9.2.2        CANADA   98

9.2.2.1    Expanding oil production and stringent emission regulations to drive market     98

9.2.3        MEXICO   99

9.2.3.1    Need for strict regulatory compliance to drive growth             99

9.3           EUROPE   100

9.3.1        GERMANY                103

9.3.1.1    Stringent environmental regulations and sustainability goals to drive market     103

9.3.2        UK            104

9.3.2.1    Increase in petrochemical activities to drive demand             104

9.3.3        FRANCE   105

9.3.3.1    Expanding pharmaceutical and chemical sectors to drive growth                 105

9.3.4        RUSSIA    106

9.3.4.1    Expanding oil and gas exports to drive demand     106

9.3.5        ITALY        107

9.3.5.1    Increase in export of refined petroleum to spur demand       107

9.3.6        TURKEY   108

9.3.6.1    Need for efficient industrial solutions to boost growth           108

9.3.7        SPAIN       109

9.3.7.1    Expanding energy and pharmaceutical sectors to drive demand                 109

9.3.8        NORWAY  111

9.3.8.1    Sustainable growth in oil & gas sector to elevate demand     111

9.3.9        POLAND   112

9.3.9.1    Expanding oil infrastructure to drive demand         112

9.3.10     NETHERLANDS        112

9.3.10.1  Expanding energy and pharmaceutical sectors to drive demand                 112

9.3.11     REST OF EUROPE    113

9.4           ASIA PACIFIC            114

9.4.1        CHINA      116

9.4.1.1    Rapid growth in oil & gas sector to boost demand 116

9.4.2        INDIA       117

9.4.2.1    Need for increased refining capacities to drive market          117

9.4.3        JAPAN      118

9.4.3.1    Focus on carbon neutrality and presence of stringent environmental regulations to drive market     118

9.4.4        INDONESIA               119

9.4.4.1    Government initiatives to facilitate market growth 119

9.4.5        AUSTRALIA               120

9.4.5.1    Rapid growth of oil & gas sector to drive demand for vapor recovery units        120

9.4.6        THAILAND                121

9.4.6.1    Rising investments and government initiatives to boost market                 121

9.4.7        REST OF ASIA PACIFIC             122

9.5           SOUTH AMERICA     123

9.5.1        BRAZIL     124

9.5.1.1    Government initiatives and increasing oil production to drive market                 124

9.5.2        ARGENTINA              125

9.5.2.1    Technological advancements in oil industry to boost adoption of vapor recovery units          125

9.5.3        VENEZUELA              126

9.5.3.1    Need for strict environmental regulations to boost market    126

9.5.4        COLOMBIA               127

9.5.4.1    Technological advancements in oil & power sector to drive demand                 127

9.5.5        REST OF SOUTH AMERICA       128

9.6           MIDDLE EAST & AFRICA          129

9.6.1        GCC COUNTRIES      131

9.6.1.1    Saudi Arabia            132

9.6.1.1.1 Rapid increase in energy production to fuel demand             132

9.6.1.2    UAE          133

9.6.1.2.1 Stringent emission targets to boost demand for vapor recovery units                 133

9.6.1.3    Rest of GCC Countries             134

9.6.2        SOUTH AFRICA         135

9.6.2.1    Rising export of refined petroleum to propel growth               135

9.6.3        IRAN         136

9.6.3.1    Rapid growth of oil industry to drive demand          136

9.6.4        IRAQ         137

9.6.4.1    Expanding oil production and refining activities to drive demand                 137

9.6.5        NIGERIA   138

9.6.5.1    Expansion of Nigeria’s oil and gas activities to amplify demand for vapor recovery units          138

9.6.6        EGYPT      139

9.6.6.1    Focus on reducing emissions to drive adoption of vapor recovery units                 139

9.6.7        REST OF MIDDLE EAST & AFRICA            140

10            COMPETITIVE LANDSCAPE      141

10.1         OVERVIEW                141

10.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2025         141

10.3         RANKING OF KEY PLAYERS     142

10.4         BRAND/PRODUCT COMPARISON            144

10.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023           145

10.5.1     STARS      145

10.5.2     EMERGING LEADERS               145

10.5.3     PERVASIVE PLAYERS               145

10.5.4     PARTICIPANTS         145

10.5.5     COMPANY FOOTPRINT: KEY PLAYERS, 2023          147

10.5.5.1  Company footprint  147

10.5.5.2  Region footprint       147

10.5.5.3  Type footprint          148

10.5.5.4  Application footprint                148

10.5.5.5  End-use industry footprint       149

10.6         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023     149

10.6.1     PROGRESSIVE COMPANIES    149

10.6.2     RESPONSIVE COMPANIES       149

10.6.3     DYNAMIC COMPANIES             150

10.6.4     STARTING BLOCKS 150

10.6.5     COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023     151

10.6.5.1  Detailed list of key startups/SMEs          151

10.6.5.2  Competitive benchmarking of key startups/SMEs  152

10.7         COMPETITIVE SCENARIO         152

10.7.1     DEALS      153

10.7.2     EXPANSION              154

11            COMPANY PROFILES                156

11.1         KEY PLAYERS           156

11.1.1     DOVER CORPORATION             156

11.1.1.1  Business overview   156

11.1.1.2  Products offered      157

11.1.1.3  Recent developments              158

11.1.1.3.1               Deals       158

11.1.1.3.2               Expansion                159

11.1.1.4  MnM view                 159

11.1.1.4.1               Right to win              159

11.1.1.4.2               Strategic choices     159

11.1.1.4.3               Weaknesses & competitive threats         160

11.1.2     CIMARRON ENERGY, INC.        161

11.1.2.1  Business overview   161

11.1.2.2  Products offered      161

11.1.2.3  Recent developments              162

11.1.2.3.1               Deals       162

11.1.2.4  MnM view                 162

11.1.2.4.1               Right to win              162

11.1.2.4.2               Strategic choices     163

11.1.2.4.3               Weaknesses and competitive threats     163

11.1.3     JOHN ZINK               164

11.1.3.1  Business overview   164

11.1.3.2  Products offered      164

11.1.3.3  MnM view                 165

11.1.3.3.1               Right to win              165

11.1.3.3.2               Strategic choices     165

11.1.3.3.3               Weaknesses and competitive threats     165

11.1.4     PETROGAS SYSTEMS               166

11.1.4.1  Business overview   166

11.1.4.2  Products offered      166

11.1.4.3  MNM view                167

11.1.4.3.1               Right to win              167

11.1.4.3.2               Strategic choices     167

11.1.4.3.3               Weaknesses and competitive threats     167

11.1.5     CARBOVAC               168

11.1.5.1  Business overview   168

11.1.5.2  Products offered      168

11.1.6     SYMEX TECHNOLOGIES LLC   169

11.1.6.1  Business overview   169

11.1.6.2  Products offered      169

11.1.7     BORSIG GMBH         170

11.1.7.1  Business overview   170

11.1.7.2  Products offered      170

11.1.7.3  Recent developments              171

11.1.7.3.1               Expansion                171

11.1.8     COOL SORPTION      172

11.1.8.1  Business overview   172

11.1.8.2  Products offered      172

11.1.9     KILBURN ENGINEERING LTD  173

11.1.9.1  Business overview   173

11.1.9.2  Products offered      174

11.1.10   ZEECO, INC.             175

11.1.10.1                Business overview   175

11.1.10.2                Products offered      175

11.1.10.3                Recent developments              175

11.1.10.3.1             Expansion                175

11.2         OTHER PLAYERS      177

11.2.1     VOCZERO LTD.         177

11.2.2     SHREE ISHAN EQUIPMENT PVT. LTD.      177

11.2.3     FLOGISTIX, LP          178

11.2.4     S&S TECHNICAL, INC.              178

11.2.5     PLATINUM CONTROL               179

11.2.6     OTA ENVIRONMENTAL SOLUTIONS         179

11.2.7     FLOTECH PERFORMANCE SYSTEMS       180

11.2.8     AIR MAC INC.           180

11.2.9     POWER SERVICE, INC.             181

11.2.10   PREMATECNICA, S.A.               181

11.2.11   AQT S.R.L 182

11.2.12   GARO       182

11.2.13   TECAM     183

11.2.14   REYNOLD INDIA PRIVATE LIMITED          183

11.2.15   KAPPA GI 184

12            ADJACENT & RELATED MARKETS            185

12.1         INTRODUCTION       185

12.2         EMISSION MONITORING SYSTEM MARKET             185

12.2.1     MARKET DEFINITION               185

12.2.2     MARKET OVERVIEW 185

12.2.3     EMISSION MONITORING SYSTEM MARKET, BY SYSTEM TYPE                 185

12.2.4     EMISSION MONITORING SYSTEM MARKET, BY INDUSTRY     187

12.2.5     EMISSION MONITORING SYSTEM MARKET, BY REGION         188

13            APPENDIX                 189

13.1         DISCUSSION GUIDE 189

13.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                 193

13.3         CUSTOMIZATION OPTIONS      195

13.4         RELATED REPORTS 195

13.5         AUTHOR DETAILS    196

LIST OF TABLES

TABLE 1   ROLE OF PLAYERS IN ECOSYSTEM          50

TABLE 2   LIST OF PATENTS GRANTED, 2022–2024              55

TABLE 3   EXPORT DATA FOR HS CODE 8414-COMPLIANT PRODUCTS, BY COUNTRY,

2019–2023 (USD MILLION)   58

TABLE 4   IMPORT DATA FOR HS CODE 8414-COMPLIANT PRODUCTS, BY COUNTRY,

2019–2023 (USD MILLION)   59

TABLE 5   LIST OF CONFERENCES & EVENTS, 2025–2026   59

TABLE 6   TARIFF SCENARIO FOR HS CODE 8414-COMPLIANT PRODUCTS,

BY COUNTRY, 2023 60

TABLE 7   NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS    63

TABLE 8   EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS      65

TABLE 9   ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS      67

TABLE 10 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS    68

TABLE 11 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS    69

TABLE 12 PORTER’S FIVE FORCES ANALYSIS          71

TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY END-USE INDUSTRIES     73

TABLE 14 KEY BUYING CRITERIA FOR KEY END-USE INDUSTRIES          73

TABLE 15 GLOBAL GDP GROWTH PROJECTIONS, BY REGION, 2021–2028 (USD TRILLION) 76

TABLE 16 CRUDE OIL TRADE BALANCE, BY COUNTRY, 2019–2023 (MILLION TONNES) 77

TABLE 17 VAPOR RECOVERY UNITS MARKET, BY TYPE, 2022–2030 (USD MILLION) 80

TABLE 18 VAPOR RECOVERY UNITS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 85

TABLE 19 VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   89

TABLE 20 VAPOR RECOVERY UNITS MARKET, BY REGION, 2022–2030 (USD MILLION) 94

TABLE 21 NORTH AMERICA: VAPOR RECOVERY UNITS MARKET, BY COUNTRY,

2022–2030 (USD MILLION)   96

TABLE 22 NORTH AMERICA: VAPOR RECOVERY UNITS MARKET, BY TYPE,

2022–2030 (USD MILLION)   96

TABLE 23 NORTH AMERICA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   96

TABLE 24 NORTH AMERICA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 97

TABLE 25 US: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION) 98

TABLE 26 US: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   98

TABLE 27 CANADA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   99

TABLE 28 CANADA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   99

TABLE 29 MEXICO: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   100

TABLE 30 MEXICO: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   100

TABLE 31 EUROPE: VAPOR RECOVERY UNITS MARKET, BY COUNTRY,

2022–2030 (USD MILLION)   102

TABLE 32 EUROPE: VAPOR RECOVERY UNITS MARKET, BY TYPE, 2022–2030 (USD MILLION)         102

TABLE 33 EUROPE: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   102

TABLE 34 EUROPE: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   103

TABLE 35 GERMANY: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   104

TABLE 36 GERMANY: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   104

TABLE 37 UK: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   105

TABLE 38 UK: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   105

TABLE 39 FRANCE: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   106

TABLE 40 FRANCE: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   106

TABLE 41 RUSSIA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   107

TABLE 42 RUSSIA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   107

TABLE 43 ITALY: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   108

TABLE 44 ITALY: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   108

TABLE 45 TURKEY: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   109

TABLE 46 TURKEY: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   109

TABLE 47 SPAIN: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   110

TABLE 48 SPAIN: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   110

TABLE 49 NORWAY: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   111

TABLE 50 NORWAY: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   111

TABLE 51 POLAND: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   112

TABLE 52 POLAND: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   112

TABLE 53 NETHERLANDS: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   113

TABLE 54 NETHERLANDS: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   113

TABLE 55 REST OF EUROPE: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   114

TABLE 56 REST OF EUROPE: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 114

TABLE 57 ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET, BY COUNTRY/REGION,

2022–2030 (USD MILLION)   115

TABLE 58 ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET, BY TYPE,

2022–2030 (USD MILLION)   115

TABLE 59 ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION) 115

TABLE 60 ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   116

TABLE 61 CHINA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   116

TABLE 62 CHINA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   117

TABLE 63 INDIA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   117

TABLE 64 INDIA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   118

TABLE 65 JAPAN: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   118

TABLE 66 JAPAN: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   119

TABLE 67 INDONESIA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   119

TABLE 68 INDONESIA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   120

TABLE 69 AUSTRALIA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   120

TABLE 70 AUSTRALIA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   121

TABLE 71 THAILAND: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   121

TABLE 72 THAILAND: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   122

TABLE 73 REST OF ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   122

TABLE 74 REST OF ASIA PACIFIC: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 122

TABLE 75 SOUTH AMERICA: VAPOR RECOVERY UNITS MARKET, BY COUNTRY,

2022–2030 (USD MILLION)   123

TABLE 76 SOUTH AMERICA: VAPOR RECOVERY UNITS MARKET, BY TYPE,

2022–2030 (USD MILLION)   124

TABLE 77 SOUTH AMERICA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   124

TABLE 78 SOUTH AMERICA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 124

TABLE 79 BRAZIL: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   125

TABLE 80 BRAZIL: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   125

TABLE 81 ARGENTINA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   126

TABLE 82 ARGENTINA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   126

TABLE 83 VENEZUELA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   127

TABLE 84 VENEZUELA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   127

TABLE 85 COLOMBIA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   128

TABLE 86 COLOMBIA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   128

TABLE 87 REST OF SOUTH AMERICA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION, 2022–2030 (USD MILLION)             129

TABLE 88 REST OF SOUTH AMERICA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)          129

TABLE 89 MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET, BY COUNTRY/REGION, 2022–2030 (USD MILLION)   130

TABLE 90 MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET, BY TYPE,

2022–2030 (USD MILLION)   130

TABLE 91 MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION, 2022–2030 (USD MILLION)             130

TABLE 92 MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)          131

TABLE 93 GCC COUNTRIES: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   131

TABLE 94 GCC COUNTRIES: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION) 132

TABLE 95 SAUDI ARABIA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   133

TABLE 96 SAUDI ARABIA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   133

TABLE 97 UAE: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   134

TABLE 98 UAE: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   134

TABLE 99 REST OF GCC COUNTRIES: VAPOR RECOVERY UNITS MARKET, BY APPLICATION, 2022–2030 (USD MILLION)             134

TABLE 100              REST OF GCC COUNTRIES: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY, 2022–2030 (USD MILLION)             135

TABLE 101               SOUTH AFRICA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   135

TABLE 102               SOUTH AFRICA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   136

TABLE 103               IRAN: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   136

TABLE 104               IRAN: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   137

TABLE 105               IRAQ: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   137

TABLE 106               IRAQ: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   138

TABLE 107              NIGERIA: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   138

TABLE 108               NIGERIA: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   139

TABLE 109               EGYPT: VAPOR RECOVERY UNITS MARKET, BY APPLICATION,

2022–2030 (USD MILLION)   139

TABLE 110               EGYPT: VAPOR RECOVERY UNITS MARKET, BY END-USE INDUSTRY,

2022–2030 (USD MILLION)   139

TABLE 111               REST OF MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET,

BY APPLICATION, 2022–2030 (USD MILLION)       140

TABLE 112               REST OF MIDDLE EAST & AFRICA: VAPOR RECOVERY UNITS MARKET,

BY END-USE INDUSTRY, 2022–2030 (USD MILLION)             140

TABLE 113               OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2025            141

TABLE 114               VAPOR RECOVERY UNITS MARKET: REGION FOOTPRINT                 147

TABLE 115               VAPOR RECOVERY UNITS MARKET: TYPE FOOTPRINT                 148

TABLE 116               VAPOR RECOVERY UNITS MARKET: APPLICATION FOOTPRINT                 148

TABLE 117               VAPOR RECOVERY UNITS MARKET: END-USE INDUSTRY FOOTPRINT              149

TABLE 118               VAPOR RECOVERY UNITS MARKET: KEY STARTUPS/SMES                 151

TABLE 119               VAPOR RECOVERY UNITS MARKET: COMPETITIVE BENCHMARKING OF

KEY STARTUPS/SMES             152

TABLE 120               VAPOR RECOVERY UNITS MARKET: DEALS, JANUARY 2020–JANUARY 2025        153

TABLE 121               VAPOR RECOVERY UNITS MARKET: EXPANSION, JANUARY 2020–JANUARY 2025             154

TABLE 122               DOVER CORPORATION: COMPANY OVERVIEW        156

TABLE 123               DOVER CORPORATION: PRODUCTS OFFERED         157

TABLE 124               DOVER CORPORATION: DEALS, JANUARY 2020–JANUARY 2025       158

TABLE 125               DOVER CORPORATION: EXPANSION, JANUARY 2020–JANUARY 2025        159

TABLE 126               CIMARRON ENERGY, INC.: COMPANY OVERVIEW   161

TABLE 127               CIMARRON ENERGY, INC.: PRODUCTS OFFERED   161

TABLE 128               CIMARRON ENERGY, INC.: DEALS, JANUARY 2020–JANUARY 2025       162

TABLE 129               JOHN ZINK: COMPANY OVERVIEW           164

TABLE 130               JOHN ZINK: PRODUCTS OFFERED           164

TABLE 131               PETROGAS SYSTEMS: COMPANY OVERVIEW          166

TABLE 132               PETROGAS SYSTEMS: PRODUCTS OFFERED           166

TABLE 133               CARBOVAC: COMPANY OVERVIEW           168

TABLE 134               CARBOVAC: PRODUCTS OFFERED           168

TABLE 135               SYMEX TECHNOLOGIES LLC: COMPANY OVERVIEW                 169

TABLE 136               SYMEX TECHNOLOGIES LLC: PRODUCTS OFFERED                 169

TABLE 137               BORSIG GMBH: COMPANY OVERVIEW    170

TABLE 138               BORSIG GMBH: PRODUCTS OFFERED    170

TABLE 139               BORSIG GMBH: EXPANSION, JANUARY 2020–JANUARY 2025                 171

TABLE 140               COOL SORPTION: COMPANY OVERVIEW 172

TABLE 141               COOL SORPTION: PRODUCTS OFFERED  172

TABLE 142               KILBURN ENGINEERING LTD: COMPANY OVERVIEW                 173

TABLE 143               KILBURN ENGINEERING LTD: PRODUCTS OFFERED                 174

TABLE 144               ZEECO, INC.: COMPANY OVERVIEW         175

TABLE 145               ZEECO, INC.: PRODUCTS OFFERED         175

TABLE 146               ZEECO, INC.: EXPANSION, JANUARY 2020–JANUARY 2025                 175

TABLE 147               VOCZERO LTD.: COMPANY OVERVIEW    177

TABLE 148               SHREE ISHAN EQUIPMENT PVT. LTD.: COMPANY OVERVIEW                 177

TABLE 149               FLOGISTIX, LP: COMPANY OVERVIEW     178

TABLE 150               S&S TECHNICAL, INC.: COMPANY OVERVIEW          178

TABLE 151               PLATINUM CONTROL: COMPANY OVERVIEW           179

TABLE 152               OTA ENVIRONMENTAL SOLUTIONS: COMPANY OVERVIEW                 179

TABLE 153               FLOTECH PERFORMANCE SYSTEMS: COMPANY OVERVIEW                 180

TABLE 154               AIR MAC INC.: COMPANY OVERVIEW       180

TABLE 155               POWER SERVICE, INC: COMPANY OVERVIEW          181

TABLE 156               PREMATECNICA, S.A.: COMPANY OVERVIEW           181

TABLE 157               AQT S.R.L: COMPANY OVERVIEW             182

TABLE 158               GARO: COMPANY OVERVIEW   182

TABLE 159               TECAM: COMPANY OVERVIEW 183

TABLE 160               REYNOLD INDIA PRIVATE LIMITED: COMPANY OVERVIEW                 183

TABLE 161               KAPPA GI: COMPANY OVERVIEW             184

TABLE 162               EMISSION MONITORING SYSTEM MARKET, BY SYSTEM TYPE,

2019–2022 (USD MILLION)   186

TABLE 163               EMISSION MONITORING SYSTEM MARKET, BY SYSTEM TYPE,

2023–2028 (USD MILLION)   186

TABLE 164               EMISSION MONITORING SYSTEM MARKET, BY SYSTEM TYPE, 2019–2022 (UNITS)                186

TABLE 165               EMISSION MONITORING SYSTEM MARKET, BY SYSTEM TYPE, 2023–2028 (UNITS)                186

TABLE 166               EMISSION MONITORING SYSTEM MARKET, BY INDUSTRY,

2019–2022 (USD MILLION)   187

TABLE 167               EMISSION MONITORING SYSTEM MARKET, BY INDUSTRY,

2023–2028 (USD MILLION)   187

TABLE 168               EMISSION MONITORING SYSTEM MARKET, BY REGION,

2019–2022 (USD MILLION)   188

TABLE 169               EMISSION MONITORING SYSTEM MARKET, BY REGION,

2023–2028 (USD MILLION)   188

LIST OF FIGURES

FIGURE 1 VAPOR RECOVERY UNITS MARKET: RESEARCH DESIGN        24

FIGURE 2 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH              28

FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH               28

FIGURE 4 MARKET SIZE ESTIMATION (SUPPLY SIDE): SEGMENTAL REVENUE ANALYSIS 29

FIGURE 5 VAPOR RECOVERY UNITS MARKET: DATA TRIANGULATION    30

FIGURE 6 MEMBRANE SEPARATION TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD    34

FIGURE 7 TRANSPORTATION SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD    34

FIGURE 8 OIL & GAS TO BE LARGEST MARKET DURING FORECAST PERIOD                 35

FIGURE 9 EUROPE ACCOUNTED FOR LARGEST SHARE IN 2024            36

FIGURE 10               EMERGING ECONOMIES TO OFFER ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN VAPOR RECOVERY UNITS MARKET   37

FIGURE 11               OIL & GAS SEGMENT AND RUSSIA ACCOUNTED FOR SIGNIFICANT SHARE IN 2024 38

FIGURE 12               INDIA TO ACHIEVE HIGHEST GROWTH DURING FORECAST PERIOD    38

FIGURE 13               VAPOR RECOVERY UNITS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES      39

FIGURE 14               GLOBAL CRUDE OIL PRODUCTION, 2020–2026 (MILLION BARRELS/DAY)        41

FIGURE 15               GLOBAL PRODUCTION AND CONSUMPTION BALANCE OF LIQUID FUEL,

2020–2026 (MILLION BARRELS/DAY)   41

FIGURE 16               REVENUE SHIFT FOR VAPOR RECOVERY UNIT MANUFACTURERS   47

FIGURE 17               VAPOR RECOVERY UNITS MARKET: VALUE CHAIN ANALYSIS                 48

FIGURE 18               VAPOR RECOVERY UNITS MARKET: ECOSYSTEM ANALYSIS                 49

FIGURE 19               LIST OF MAJOR PATENTS GRANTED, 2015–2024 54

FIGURE 20               MAJOR PATENTS GRANTED, BY REGION, 2015–2024                 54

FIGURE 21               EXPORT DATA FOR HS CODE 8414-COMPLIANT PRODUCTS, BY COUNTRY,

2019–2023 (USD MILLION)   57

FIGURE 22               IMPORT DATA FOR HS CODE 8414-COMPLIANT PRODUCTS, BY COUNTRY,

2019–2023 (USD MILLION)   58

FIGURE 23               VAPOR RECOVERY UNITS MARKET: PORTER’S FIVE FORCES ANALYSIS 70

FIGURE 24               INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY END-USE INDUSTRIES      72

FIGURE 25               KEY BUYING CRITERIA FOR KEY END-USE INDUSTRIES                 73

FIGURE 26               OIL PRODUCTION, 2019–2023 (MILLION TONNES)                 77

FIGURE 27               MEMBRANE SEPARATION TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD   80

FIGURE 28               TRANSPORTATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD  85

FIGURE 29               CHEMICALS & PETROCHEMICALS SEGMENT TO ACHIEVE HIGHEST GROWTH DURING FORECAST PERIOD     89

FIGURE 30               INDIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD    93

FIGURE 31               EUROPE TO LEAD GLOBAL MARKET DURING FORECAST PERIOD    94

FIGURE 32               NORTH AMERICA: VAPOR RECOVERY UNITS MARKET SNAPSHOT               95

FIGURE 33               EUROPE: VAPOR RECOVERY UNITS MARKET SNAPSHOT                 101

FIGURE 34               RANKING OF KEY PLAYERS     143

FIGURE 35               BRAND/PRODUCT COMPARISON            144

FIGURE 36               VAPOR RECOVERY UNITS MARKET: COMPANY EVALUATION

MATRIX (KEY PLAYERS), 2023                146

FIGURE 37               VAPOR RECOVERY UNITS MARKET: COMPANY FOOTPRINT                 147

FIGURE 38               VAPOR RECOVERY UNITS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023          150

FIGURE 39               DOVER CORPORATION: COMPANY SNAPSHOT        157

FIGURE 40               KILBURN ENGINEERING LTD: COMPANY SNAPSHOT                 173