Vapor Recovery Units

Global Vapor Recovery Units Market to Reach US$1.5 Billion by 2030

The global market for Vapor Recovery Units estimated at US$1.0 Billion in the year 2024, is expected to reach US$1.5 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2024-2030. Transportation, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$697.3 Million by the end of the analysis period. Growth in the Storage segment is estimated at 7.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$274.0 Million While China is Forecast to Grow at 6.3% CAGR

The Vapor Recovery Units market in the U.S. is estimated at US$274.0 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$232.2 Million by the year 2030 trailing a CAGR of 6.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.2% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR.

Global "Vapor Recovery Units" Market - Key Trends & Drivers Summarized

Why Are Vapor Recovery Units Essential In The Oil And Gas Industry?

Vapor recovery units (VRUs) are essential components in the oil and gas industry, where they play a critical role in capturing and recovering vapors emitted during the production, storage, and transportation of hydrocarbons. These units are designed to prevent the release of volatile organic compounds (VOCs) and other hazardous gases into the atmosphere, which not only helps in complying with environmental regulations but also reduces emissions that contribute to air pollution and climate change. By capturing these vapors, VRUs convert them back into usable fuel or raw materials, thereby enhancing the efficiency of operations and providing an additional revenue stream. The ability of VRUs to minimize environmental impact while improving operational efficiency makes them indispensable in the oil and gas sector.

How Are Technological Advancements Enhancing Vapor Recovery Units?

Technological advancements are significantly enhancing the efficiency and effectiveness of vapor recovery units, making them more adaptable to various industrial applications. Innovations in compression technology and gas separation methods have improved the recovery rates of VRUs, enabling them to capture a higher percentage of vapors and reduce emissions more effectively. The development of automated control systems and real-time monitoring capabilities has further optimized the performance of VRUs, allowing operators to adjust parameters dynamically and ensure optimal operation under varying conditions. Additionally, advancements in materials science have led to the creation of more durable and corrosion-resistant components, extending the lifespan of VRUs and reducing maintenance costs. These technological improvements are driving the adoption of vapor recovery units across the oil and gas industry and other sectors where emission control is critical.

What Trends Are Shaping The Vapor Recovery Units Market?

The vapor recovery units market is shaped by several key trends that reflect the growing emphasis on environmental sustainability and regulatory compliance. One significant trend is the increasing adoption of VRUs in emerging markets, where industrialization and urbanization are driving the need for effective emission control solutions. The global push for stricter environmental regulations, particularly in developed regions, is also influencing the market, as industries seek to reduce their carbon footprint and avoid penalties associated with non-compliance. Another trend is the rising demand for energy-efficient VRUs, driven by the need to reduce operational costs and improve the overall sustainability of industrial processes. The expansion of the natural gas industry, particularly in shale gas production, is further contributing to market growth, as VRUs are essential in capturing vapors during the extraction and processing of natural gas. These trends underscore the importance of vapor recovery units in modern industrial operations and their role in supporting environmental stewardship.

What Factors Are Driving The Growth In The Vapor Recovery Units Market?

The growth in the vapor recovery units market is driven by several factors, reflecting the increasing demand for effective emission control and vapor recovery solutions across various industries. The tightening of environmental regulations globally is a major driver, as industries are compelled to adopt VRUs to comply with air quality standards and reduce their environmental impact. The rising awareness of the economic benefits of vapor recovery, such as the ability to capture and reuse hydrocarbons, is also fueling market growth, as companies seek to improve their operational efficiency and profitability. Additionally, the expansion of the oil and gas industry, particularly in regions with significant shale gas reserves, is driving demand for VRUs to capture vapors during extraction and processing. The continuous advancements in VRU technology, including improvements in efficiency and automation, are further contributing to market growth by offering more effective and reliable solutions. These factors highlight the critical role of vapor recovery units in supporting both environmental and economic goals across industries.

SCOPE OF STUDY:

The report analyzes the Vapor Recovery Units market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Transportation, Storage, Processing, Other Applications); End-Use (Oil & Gas, Chemicals & Petrochemicals, Brewery & Food Processing, Landfills, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 51 Featured) -

• Aereon
• Borsig Membrane Technology GmbH
• Cimarron Energy
• Cool Sorption A/S
• Flotech Performance Systems Limited
• Kappa Gi s.r.l.
• Kilburn Engineering Ltd.
• Ota Compression, LLC.
• Petrogas Systems
• Platinum Vapor Control
• Power Service, Inc.
• Prematecnica De Mexico, S.A. De C.V.
• PSG Group Ltd.
• S&S Technical, Inc.
• Symex Technologies
• Unimac
• VOCZero Ltd.
• Warner Nicholson Engineering Consultants, PC
• Whirlwind Methane Recovery Systems, LLC
• Zeeco Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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