Vapor Recovery Units Market Growth, Key Drivers, and Forecast Spanning Through 2027

Stringent government regulation, expansion of production facilities, and growing demand for fuels and petrochemicals products across the globe are few factors supports for the growth of the market.


Northbrook, IL 60062 -- (SBWIRE) -- 11/30/2023 -- The report "Vapor Recovery Units Market by Application (Processing, Storage, and Transportation), End-use Industry (Oil & Gas, Landfills), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) - Global Forecast to 2027" The global Vapor recovery units market size is projected to grow from USD 0.8 billion in 2022 to USD 1.0 billion by 2027, at a CAGR of 3.9%. Worldwide, increasing demand from the oil & gas industry supports for the growth of the vapor recovery units market. Stringent government regulation, expansion of production facilities, and growing demand for fuels and petrochemicals products across the globe are few factors supports for the growth of the market.

Browse in-depth TOC on "Vapor Recovery Units Market"
229 market data Tables
25 Figures
158 Pages

Download PDF Brochure @

Transportation segment to drive the market throughout the forecast period
The transportation application includes trucks, marine, railcars, and pipeline. It is a vital activity in logistics and distribution of the production process in oil & gas, chemicals & petrochemicals, landfills and other. Vapor recovery units are widely installed on trucks and railcars for loading applications of gasoline, liquefied natural gas, and other products. While product loading and during transit, there is a high possibility of vapor leakage of VOCs and HAPs. Owing to which, the vapor recovery units is mainly installed. Thus, growing transportation of fuels and petrochemicals across the globe, the demand for vapor recovery unit will increase significantly.

Oil & gas industry to maintain ascendency during the forecast period
In terms of demand, the oil & gas industry is expected to register significant growth throughout the forecast period. This is mainly attributed to increasing production of downstream products, capacity addition in developing region, stringency of regulations, and strong emphasized on optimization of process. This industry is growing rapidly, as many refineries globally are converting into integrated plants. This resulted in the increasing demand for vapor recovery unit to comply with regulatory standards.

Asia Pacific is expected to register the highest CAGR during the forecast period.
The market for Vapor recovery units in Asia Pacific is estimated to register healthy growth, and this trend is anticipated to continue during the forecast period. This is attributed to economic growth of India, china and ASEAN countries, followed by massive investments in several industries such as petrochemical, oil & gas, and others. Asia Pacific is the lucrative market and should be the same in the near future.

Speak to Analyst @

Asia Pacific is the center of foreign investments and several manufacturing facilities are shifting from developed nations to developing countries of Asia Pacific. The rise in demand for Vapor recovery units can be ascribed to the growing oil & gas, and petrochemical industries.

Major players operating in the Vapor recovery units market include PSG Dover (US), Aareon (US), Cimarron Energy, Inc. (US), John Zink Company (US), Carbovac (France), SYMEX Technologies (US), VOCZero (UK), Flogistix (US), and Kappa Gi (Italy), among others.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441