Global Vapor Recovery Units Market
Vapor Recovery Units Market

Report ID: SQMIG20I2569

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Vapor Recovery Units Market Size, Share, and Growth Analysis

Global Vapor Recovery Units Market

Vapor Recovery Units Market By Type (Stage I VRUs, Stage II VRUs), By End-Use Industry (Oil & Gas Production, Refineries & Petrochemical), By Technology, By Operating Mode, By Region - Industry Forecast 2026-2033


Report ID: SQMIG20I2569 | Region: Global | Published Date: December, 2025
Pages: 192 |Tables: 97 |Figures: 71

Format - word format excel data power point presentation

Vapor Recovery Units Market Insights

Global Vapor Recovery Units Market size was valued at USD 3.6 billion in 2024 and is poised to grow from USD 3.83 billion in 2025 to USD 6.24 billion by 2033, growing at a CAGR of 6.3% during the forecast period (2026-2033). 

Growth will be attributed to rigid environmental regulations regarding reducing volatile organic compound (VOC) emissions along with advances in VRU technologies that improve efficiencies and lower costs, along with industrial pressure to regulate emissions and overall sustainability, there is more toward vapor recovery units market growth.

On the other hand, VRU market does have challenges, which includes a large capital expense for initial investment with VRU systems and significant long-term maintenance writes to add to initial acquisition. There is added complexity in integrating the VRU's counterpart into existing facility infrastructure which in some cases is a deterrent for industries to utilize the potential. The growth from the pressure of environmental regulatory compliance, and general pressure towards sustainability, will support the uptake of VRUs for sectors such as oil and gas, petrochemicals, and chemical processing will continuously allow stakeholders opportunities, growth, and other cooperation in the industry.

How are AI, IoT, and other Influential Technologies Transforming the Global Vapor Recovery Units market?

The amalgamation of Artificial Intelligence (AI) and the Internet of Things (IoT) is changing the Vapor Recovery Units (VRUs) marketplace by improving operational efficiency and regulatory compliance with respect to emissions. AI algorithms utilize real-time IoT sensor data to improve VRU performance, forecast maintenance, and reduce energy use. This fusion of AI and IoT also provides the capacity for automated adjustments to be made to systems that ensure deployed controls maintain emissions compliance and there is no downtime due to resets.

Recently, Cimarron has introduced Smart Vapor Recovery Units as an emblematic illustration of how the deployment of AI and IoT will promote intelligent and economically efficient VRU solutions for industry at large. The Smart Vapor Recovery Unit (SVRU) promises sophisticated automation and monitoring, as well as IoT cloud interface to access and disperse information regarding vapor recovery and emission reduction etc. The cloud interface is assisted by edge computing, with fully integrated monitoring and sensors that provide access to all operations and key performance indicators immediately, without the need to retrofit existing Vapor Recovery Units.

Market snapshot - 2026-2033

Global Market Size

USD 1.14 billion

Largest Segment

Up to 50 HP

Fastest Growth

501-1000 HP

Growth Rate

2.98% CAGR

Global Vapor Recovery Units Market ($ Bn)
Country Share by North America (%)

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Vapor Recovery Units Market Segments Analysis

Global Vapor Recovery Units Market is segmented by Type, End-Use Industry, Technology, Operating Mode and region. Based on Type, the market is segmented into Stage I VRUs, Stage II VRUs, Mobile / Portable VRUs, Skid Mounted VRUs and Custom / Hybrid Solutions. Based on End-Use Industry, the market is segmented into Oil & Gas Production, Refineries & Petrochemical, Terminals & Storage Facilities, Chemical Plants and Marine & Ship Loading Facilities. Based on Technology, the market is segmented into Mechanical (Piston / Rotary), Liquid Removal / Knockout Systems, Membrane / Adsorption Systems, Compression-Based VRUs and Smart/IoT Enabled VRUs. Based on Operating Mode, the market is segmented into Continuous Operation, Intermittent Operation, Remote / Automated Monitoring, Manual / Standalone Units and Integrated Control Systems. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.  

Which Application Segment is Dominating Global Vapor Recovery Units Market?

Based on the global vapor recovery units market forecast, Oil Tank Vapors is the dominating segment. Demand for VRUs pertaining to Oil Tank Vapors is primarily being driven by the need to control emissions from crude oil and condensate storage tanks. Regulatory requirements to reduce emissions generated from volatile organic compounds (VOCs) and the amount of VRUs in marine loading terminals, barge degassing, and truck loading contributes to Oil Tanks Vapors as the largest segment. This segment provides a solution for comfort with compliance and operational safety in oil and gas facilities.

Railcar Loading segment under the application outlook is the fastest growing. Industrial transport has seen a significant rise leading to stringent emissions limits whereby introducing a VRU at storage terminals, vaporized particulate filters, and truck loading applications is now common. Innovations in technology including automation, sensor packages, and real-time monitoring opened up advanced options in vapor recovery efficiency that also make VRUs for railcar loading and other loading applications attractive which subsequently will drive fast-paced market growth.

Which Horsepower Segment is Dominant in the Global Vapor Recovery Units Market?

The 51-200 hp segment dominates the Vapor Recovery Unit (VRU) market. The 51-200 horsepower segment is, no doubt, the most suitable operating range for VRUs given the inherent benefits to both the emissions in efficiency and the capital and operating costs associated with the mid-sized storage tank or processing unit. Many plant and facility operations use the consistent demand from a mid-size storage tank or processing unit for vapor recovery where they are raised in capitalized efficiency.

The 501-1000 hp segment under horsepower outlook is rapidly increasing. The growing demand for large storage terminals, pipeline facilities, and industrial plants. The demand for VRUs in the above 1000 hp category is developing steadily also, as well as some continual growth in the 201-500 hp segment due to advancements in technology, automation, and increased energy efficient capalized systems make the VRUs more appealing for these higher vapor recovery volume applications.

Global Vapor Recovery Units Market By Horsepower Outlook (%)

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Vapor Recovery Units Market Regional Insights

Why is North America Dominating the Global Vapor Recovery Units (VRUs) Market?

As per the global vapor recovery units market analysis, North America has the leading market share owing to its established oil and gas infrastructure, strong environmental regulations, high adoption of vapor recovery in the oil and gas industry, their storage terminals, pipelines, and processing facilities create operational efficiency and vapor emission reduction efforts. The ongoing emphasis on sustainability, environmental regulations, and new technology will mean steady adoption of VRU’s in a variety of industrial and energy sectors, which guarantees ongoing growth in the market.

US Vapor Recovery Units market

The US market leads in vapor recovery unit adoption owing to its large oil and gas operations combined with strict requirements on emissions. The advancement of some smart VRU systems with real-time monitoring of the operational performance of the VRU has increased operational efficiency, vapor recovery volumes, and ultimately their maintenance processes at their storage and loading terminals. Enhanced regulatory compliance and environmental excellence is driving the actual adoption of VRU’s as efforts for emission reductions continue to emerge making the US a significant market for newer vapor recovery technologies and greater industrial adoption of vapor recovery systems.

Canada Vapor Recovery Units market

Canada's VRU environment is aided by oil sands production and federal environmental standards. High-capacity VRUs are improving vapor capture and, reducing environmental performance while enhancing operational performance, of major oil field production. Manners in which regulatory compliance, recent industrial modernization, and growing energy production combine allows for a steady adoption of VRU systems, resulting in a robust Canadian VRU market that further solidifies as a market leader within the region, even with some uncertainty.

Which Region is Growing the Fastest in Global Vapor Recovery Units Market?

Asia Pacific is the fastest growing region in the global VRU market due to the speed of industrialization, expanding chemical and petrochemical industries, and the increasing to adoption of emission control technologies. Stricter enforcement emission regulations from government agencies, and increasing energy demand Increases implementation of VRU's across storage terminals, truck and railcar loading, and marine operations. The adoption of AI and IoT technologies further improved efficiency, operational monitoring, and recovery performance to speeds the growth of VRU's across the industrial facilities in the region.

Japan Vapor Recovery Units market

Japan is seeing increased adoption of VRUs across chemical and petrochemical sectors in response to its stringent emissions regulations. AI -enabled VRUs in storage terminals deliver improved operational efficiency, real-time monitoring and predictive maintenance to improve vapor recovery and support objectives for EM capacity, improve environmental impact required to comply with emissions regulations, and the sustainability goals of our global industry along with optimize industrial operations to guarantee that Japan's VRU market grows rapidly in tandem with the relevant technological innovations and supporting the ongoing industrial modernization process.

South Korea Vapor Recovery Units market

South Korea’s VRU uptake is driven by increasing oil refining and storage infrastructure. Deployment of high-efficiency VRUs with IoT monitoring at marine terminals and storage facilities improves vapor recovery and operational efficiency. These systems ensure compliance with environmental regulations while reducing emissions and improving safety. Industrial growth and tech upgrades continue to drive the slow uptake of VRUs. Consequently, South Korea is developing into one of the fastest growing VRU markets in the region.

What is the Third Leading Region in the Global Vapor Recovery Units Market?

Europe is a critical region in the VRU market, owing to the industrial infrastructure, making it regulatory compliant, as well as sustainable to the environment. The progression within VRU adoption in the oil, gas, and chemical industries with the aim to control emissions and optimize operations, is growing rapidly. Europe's focus on improving energy efficiency and enhancing industrial modernization is additionally allowing the new implementation of advanced VRUs. VRUs are being developed and installed in storage terminals, pipelines, and marine loading facilities that focus on improving operational performance and ensuring sustainable growth.

Germany Vapor Recovery Units market

Germany's VRU market is characterized by strict emission standards and numerous chemical and petrochemical operations, leading to improvement in VRUs at storage terminals with smart VRUs allowing realtime monitoring, predictive maintenance, and operational efficiencies. There is a steady adoption rate of more advanced vapor recovery technologies to identify emissions and mitigate these to keep in compliance with existing limitations and regulations, which is seeing Germany as a leader in the VRU market in Europe. Also, there is a strong dedication to the modernization of the industrial use, as well as sustainability, which continues to increase the growth in this market.

France Vapor Recovery Units market

The French market is seeing widespread expansion of VRU deployment in oil, gas, and refining operations as a direct result of environmental policies and industrial modernization. The deployment of automated VRUs at marine loading terminals is helping to improve vapor recovery rates, minimize emissions, and enhance operational safety. Environmental regulatory compliance and sustainability initiatives encourage the adoption of VRUs, leading to the realization of more efficient, environmentally responsible operations across key operational facilities, thus making France one of the leading markets for VRUs in Europe.

United Kingdom Vapor Recovery Units market

The UK market is seeing significant movement in VRU adoption in storage terminals, pipelines and chemical plants for the few sites with strict emissions policies. The recent addition of automated VRUs as well as real-time monitoring capabilities, are also optimizing vapor recovery rates at these sites, improving operational efficiency and ensuring planned environmental compliance. Sustainability initiatives and modernizing industrial operations has allowed the UK market for advanced VRU systems to expand, positioning the UK as a key market in Europe supporting energy efficiencies and improvements to industrial operational activity.

Global Vapor Recovery Units Market By Geography
  • Largest
  • Fastest

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Vapor Recovery Units Market Dynamics

Vapor Recovery Units Market Drivers

Tougher Environmental Regulations Spurring Adoption

  • Stricter global regulations on volatile organic compound (VOC) emissions are a key driver of growth in the VRU market. Industry sectors with the greatest potential emission footprint such as oil and gas and petrochemicals are increasingly adopting VRUs to uphold compliance, actively reduce emissions, and avoid penalties. The regulatory impetus has clearly accelerated the global vapor recovery units market penetration and the adoption of newer advanced technology systems.

Ongoing Technology Improvements Driving Efficiency

  • Automation, IoT connectivity, and AI-based monitoring are some of the newest technologies and processes being developed for the future of VRU in terms of providing better and more efficient operations at a lower cost. New VRU technology enables real-time performance tracking, predictive maintenance of VRU units, and energy optimization. This type of innovation makes VR. This type of innovation makes VRUs appealing to a longer-term industrial base of potential customer and new continuous adoption across markets.

Vapor Recovery Units Market Restraints

Significant Initial and Ongoing Costs

  • The upfront costs involved in acquiring, installing, and maintaining vapor recovery units and the associated costs have prevented broader acceptance of vapor recovery units. Operators looking to add vapor recovery units often delay installations due to limited budgets, common for smaller operators and developing areas, and this limit how fast vapor recovery units can expand even with increasing regulations and environmental benefits.

Integration Issues with Current Processes

  • Vapor recovery systems are often difficult and costly to incorporate into existing or more complex industrial operations. This is due to compatibility with existing equipment and systems, the need for retrofitting, and unavoidable interruptions in operations and is often viewed as an 'as they go' solution when pushing vapor recovery unit awareness within some sectors. All these challenges can impact project timelines and disincentivize the operator from pursuing the latest vapor recovery technologies.

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Vapor Recovery Units Market Competitive Landscape

The global vapor recovery units market outlook is highly competitive, characterized by regulatory compliance, cost competitiveness, and technological innovation. Established players are focused on expanding their portfolios with acquisitions and partnerships in order to expand their presence in the markets they want to serve, and to enhance product capabilities. For instance, a large contributor to the market recently expanded into Europe after acquiring a cryogenic technology firm, demonstrating that mergers and joint ventures are still crucial ways to evolve the market.

As per the global vapor recovery units market analysis, new start-ups and mid-market firms have changed the competitive environment by introducing IoT-enabled and AI-driven VRUs that provide real-time monitoring, predictive maintenance, and improve efficiency of operation. Their strategic execution has focused on exploiting unfulfilled niches and speeding innovation rate to counter their well-established competitors. For example, a competitor, just into the market, has launched connected VRU systems that include cloud-based optimization, showing how digital tools are becoming key to establish competitive advantage.

Top Player’s Company Profiles

  • Air Liquide Global E&C Solutions 
  • John Zink Hamworthy Combustion 
  • Koch Engineered Solutions 
  • Honeywell UOP 
  • Parker Hannifin (Vapor Recovery Division) 
  • Sulzer Ltd. 
  • Atlas Copco 
  • Cameron (Schlumberger) 
  • Dresser-Rand (Siemens) 
  • Ingersoll Rand 
  • Waukesha® Vapor Recovery Systems 
  • TechnipFMC 
  • Ecolab (Vapor & Emission Controls) 
  • ExxonMobil (Industrial Services) 
  • Baker Hughes 
  • NOV (National Oilwell Varco) 
  • SCS Engineers 
  • Delta Pure Solutions 
  • Micronics, Inc. 
  • Vapor Recovery Solutions LLC 

Recent Developments in Vapor Recovery Units Market

  • In October 2025, Dover Corporation announced that its operating companies would showcase innovative fuel-handling and vapor-recovery technologies—including advanced VRU (vapor recovery unit) systems via its subsidiary OPW Retail Fueling—at upcoming industry exhibitions. Dover is increasingly focused on emission-control solutions, further demonstrating a commitment to developing this segment of the market, resulting in Dover having a stronger competitive edge in the global VRU marketplace.
  • In September 2025, S&R Vapor Recovery opened a new 15,000-square-foot North American field-service headquarters in Midland County, Texas. The facility, including training and demo capacity for its VRU systems, boosts the company’s ability to provide on-site support and accelerate deployment of vapor-recovery solutions across the Permian Basin—advancing service-led growth in the broader VRU market.
  • In July 2025, Dover Corporation via its operating units of Blackmer and OPW have positioned themselves as major contributors in the worldwide market for vapour recovery units (VRUs). This credit goes to the fact that Dover has been continually investing in research and development on its complete range of VRU products for the oil and gas and petrochemical industry segments, as well as expanding its vapor recovery technology applications on a global basis.

Vapor Recovery Units Key Market Trends

Vapor Recovery Units Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the global vapor recovery units industry has been on a path of steady growth principally fueled by stringent environmental regulations that require reductions in volatile organic compound (VOCs) emissions. It is expected that industries that include oil and gas and petrochemicals will be required to adopt VRUs to comply with regulations and become environmentally sustainable. On the contrary, one of the main restraints is the potential capital investment and long-term maintenance that core elements of VRUs, these two restraints will remain a limiting factor in terms of investment, and notably for smaller operators and/or organizations. In the market, North America has the largest market shares in part because of robust regulations and developed oil and gas industry. Oil Tank Vapors currently has the largest market share of VRU applications. Technological advancements such as IoT and AI integration will further drive efficiencies in VRUs and thus increase attractiveness across all industries.

Report Metric Details
Market size value in 2024 USD 3.6 billion
Market size value in 2033 USD 6.24 billion
Growth Rate 6.3%
Base year 2024
Forecast period 2026-2033
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Stage I VRUs
    • Stage II VRUs
    • Mobile / Portable VRUs
    • Skid Mounted VRUs
    • Custom / Hybrid Solutions
  • End-Use Industry
    • Oil & Gas Production
    • Refineries & Petrochemical
    • Terminals & Storage Facilities
    • Chemical Plants
    • Marine & Ship Loading Facilities
  • Technology
    • Mechanical (Piston / Rotary)
    • Liquid Removal / Knockout Systems
    • Membrane / Adsorption Systems
    • Compression-Based VRUs
    • Smart/IoT Enabled VRUs
  • Operating Mode
    • Continuous Operation
    • Intermittent Operation
    • Remote / Automated Monitoring
    • Manual / Standalone Units
    • Integrated Control Systems
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Air Liquide Global E&C Solutions 
  • John Zink Hamworthy Combustion 
  • Koch Engineered Solutions 
  • Honeywell UOP 
  • Parker Hannifin (Vapor Recovery Division) 
  • Sulzer Ltd. 
  • Atlas Copco 
  • Cameron (Schlumberger) 
  • Dresser-Rand (Siemens) 
  • Ingersoll Rand 
  • Waukesha® Vapor Recovery Systems 
  • TechnipFMC 
  • Ecolab (Vapor & Emission Controls) 
  • ExxonMobil (Industrial Services) 
  • Baker Hughes 
  • NOV (National Oilwell Varco) 
  • SCS Engineers 
  • Delta Pure Solutions 
  • Micronics, Inc. 
  • Vapor Recovery Solutions LLC 
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Vapor Recovery Units Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Vapor Recovery Units Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Vapor Recovery Units Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vapor Recovery Units Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vapor Recovery Units Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Vapor Recovery Units Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Global Vapor Recovery Units Market size was valued at USD 1.14 billion in 2023 and is projected to grow from USD 1.18 billion in 2024 to USD 1.50 billion by 2032, at a CAGR of 2.98% during the forecast period (2024–2032).

The global vapor recovery units market outlook is highly competitive, characterized by regulatory compliance, cost competitiveness, and technological innovation. Established players are focused on expanding their portfolios with acquisitions and partnerships in order to expand their presence in the markets they want to serve, and to enhance product capabilities. For instance, a large contributor to the market recently expanded into Europe after acquiring a cryogenic technology firm, demonstrating that mergers and joint ventures are still crucial ways to evolve the market. 'John Zink Company, LLC – United States', 'Cimarron Energy, Inc. – United States', 'Petrogas Systems – United States', 'Aereon – United States', 'Zeeco, Inc. – United States', 'FLOGISTIX, LP – United States', 'VOCZero Ltd. – United Kingdom', 'Kilburn Engineering Ltd – India', 'BORSIG GmbH – Germany', 'Hy-Bon/EDI – United States', 'PSG Dover – United States', 'Kappa GI – Italy', 'Symex Technologies – Netherlands', 'Cool Sorption A/S – Denmark', 'Whirlwind Methane Recovery Systems LLC – United States'

Stricter global regulations on volatile organic compound (VOC) emissions are a key driver of growth in the VRU market. Industry sectors with the greatest potential emission footprint such as oil and gas and petrochemicals are increasingly adopting VRUs to uphold compliance, actively reduce emissions, and avoid penalties. The regulatory impetus has clearly accelerated the global vapor recovery units market penetration and the adoption of newer advanced technology systems.

Integration of Digital Technologies: Increasingly, the use of IoT, AI, and cloud-based monitoring in the vapor recovery unit (VRU) market enables real-time diagnostics, predictive maintenance, and maximum recovery efficiency. Digital integration enables vapor recovery unit operators to meet growing legislative and government emission reduction requirements while simultaneously maximizing available uptime and reliability through optimizing their business operations within the oil & gas and petrochemical sectors.

Why is North America Dominating the Global Vapor Recovery Units (VRUs) Market?

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