Sulphur Recovery Technology Market: Global Industry Analysis and Opportunity Assessment, 2016-2026
Albany, NY -- (SBWIRE) -- 11/14/2016 -- Schlumberger Reservoir Products FZE recently assigned a project to Siirtec Nigi, a project to design and deliver two novel sulphur recovery technologies that will be located at the East Raudhatain and Sabriya gas treatment plants, operated by the Kuwait Oil Company. This project is a part of KOC Jurassic Production Facility that is meant to develop different gas fields in Kuwait. This news motivated many other leading companies to partner with the startups to design and supply sulphur recovery technologies. These are some of the findings of a new report added by Market Research Reports Search Engine (MRRSE).
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The report, titled "Sulphur Recovery Technology Market: Global Industry Analysis and Opportunity Assessment, 2016-2026," states that the global market is likely to benefit from the increasing number of pipeline products and the rising awareness of sulfur recovery technologies. Advancements in the technology have remade many industries and the global sulphur recovery technology market is not an exception. As per the findings of the report, the growing number of companies engaged in the manufacture of sulphur recovery technologies is expected to propel the global market. At present, the key companies are concentrating on introducing new sulphur recovery technologies to meet clients' environmental needs.
New Sulphur Recovery Technologies to Fulfill Environmental Regulatory Requirements
Some of the key companies operating in the global sulphur recovery technology market are Chiyoda Corporation, Amec Foster Wheeler, Technip SA, Linde AG, Fluor Corporation, KT- Kinetics Technology SpA, PROSERNAT, Black & Veatch Holding Company, Jacobs Engineering Group Inc., WorleyParsons Ltd., and GTC Technology US, LLC. By introducing new products and new sulphur recovery technologies, key companies are aiming to improve the sulphur recovery unit processing capacity and maintain the unit reliability. New sulphur recovery technologies are expected to satisfy the environmental regulations of local agencies, governments, and federal governments.
Global Market Dominated by Tail Gas Treatment Process
The increasing focus of leading companies to reduce the levels of sulphur in various products and reduce the levels of sulphur emissions has led to the rising demand for the deployment of various sulphur recovery technologies across many emerging nations. Sulphur recovery technologies such as claus and tail gas treatment process are in demand in the global market. Among these two technologies, the tail gas treatment process segment dominated the global sulphur recovery technology market in 2015. It is expected that this technology will maintain its dominance from the period between 2016 and 2026.
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Based on source of recovery, the global sulphur recovery technology market is classified into gas and oil. By region, the market is divided into Asia Pacific, the Americas, the Middle East and Africa, and Europe. In 2015, the global sulphur recovery technology market was dominated by the Middle East and Africa. Europe is likely to be the second largest market for sulphur recovery technology. By capacity, the global sulphur recovery technology market is classified into <100 t/D, 101-200 t/D, 201-300 t/D, and >300 t/D. As companies are giving preference to the low capacity technologies for the maximum output, the <100 t/D capacity segment is likely to dominate the global sulphur recovery technology market throughout the forecast period.
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