Vapor Recovery Services Market

Global Market Study on Vapor Recovery Services: North America Regional Market Expected to Witness Prominent Growth During 2017-2025

Vapor Recovery Services Market Segmented By Upstream, Midstream/Downstream Process in Marine Loading, Storage Tank Vents, Railcar and Truck Loading with New Installations, Services

U.S is one of the significant markets for vapor recovery services globally with a significant percentage of the market share

The U.S. accounted for sales of more than US$ 160 Mn in 2016 and is estimated to gain 130 basis points by 2025 as compared to that in 2017. The market is expected to increase at a CAGR of 8.5% over the anticipated period. The U.S. market will likely dominate the North America vapor recovery services market throughout the period of assessment. The country is estimated to hold more than 70% market share of the North America vapor recovery services market.

Find Out More about the Report Coverage


Company Profiles 

  • SGS SA
  • Zeeco, Inc.
  • Atlas Process Innovation
  • Petrogas Systems
  • Global Vapor Control, Inc. (GVC) (part of Tri-Star)
  • Vapor Point LLC.
  • Envent Corporation
  • Entech
  • Hy-Bon/EDI
  • PSG Dover
  • PSC (Vapor Control)
  • Others

Leading companies in the global vapor recovery services market – headquartered outside the U.S – are now penetrating the country

The EPA regulation of 2011 has called for higher VOC emission recovery, which in turn has created new market opportunities for VRU manufacturers. As a result, various key players headquartered outside the U.S. are now entering the country. Expected increase in oil prices by 2019 is also expected to boost overall VRU sales in the region. As U.S. is a prominent player in the vapor recovery services market. Key players in the vapor recovery services market are planning to expand their footprint in the US market.

Customize this Report

Explore Intelligence Tailored to Your Business Goals.

Increasing number of crude oil storage tanks in the U.S likely to boost the North America vapor recovery services market

Due to the global oil crisis in recent years, key players in the North America region were impelled to focus on strengthening their storage and distribution capabilities to minimize losses. Storage tanks play an essential role in addressing the on-time consumer demand as well as maintaining stockpiles for future demands.

A rapid increase in the number of crude oil storage tanks accompanied with vapor recovery units in recent years makes it evident that crude oil producers are focusing on optimizing the storage and distribution process to tackle the growing crude oil price crisis. Imposition of stringent emission norms by the government and environmental agencies in North America is inciting crude oil producers to minimize environmental impact through the integration of sustainable technologies such as vapor recovery units. All these factors are creating a positive impact on the North America vapor recovery services market.

The VOCs released from various oil and gas storage facilities and during transportation operations are becoming a major environmental concern for the different government and non-government organizations in North America. These compounds are hazardous air pollutants. To reduce the harmful effects of VOC emissions, environmental legislations have been implemented in various countries of North America pertaining to emission standards.

These regulations have compelled key players in the crude oil production and petroleum industry in the U.S. to install vapor recovery units at various locations, thus fueling market growth in the region.

Crude oil storage tanks contain light hydrocarbons such as methane, natural gas liquids and hazardous air pollutants along with some inert gases. During storage, these gases vaporize and get collected in the storage space. As the liquid level in the tank fluctuates, vapors are vented out into the atmosphere.

Vapor recovery units are used to collect these hydrocarbons, which can then be sold and used as fuel in onsite operations. All this leads to significant cost savings. Vapor recovery units also help reduce the emission of methane. These factors are expected to boost the development of the vapor recovery services market in North America.

vapor recovery services market

Market Research Methodology - Perfected through Years of Diligence

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.

Get actionable insights on Ship Repair And Maintenance Services Market

Segmental forecast of the North America vapor recovery services market

The Midstream/Downstream process segment is forecast to exhibit a CAGR of 8.4% in terms of value in the North America vapor recovery services market. By application, the Storage Tank Vents segment is anticipated to hold more than 60% share of the North America vapor recovery services market by 2017 end. The O&M Services operation segment is estimated to register a healthy CAGR in the North America vapor recovery services market during the forecast period.

Explore Persistence Market Research’s expertise in promulgation of the business !

Market Taxonomy

By Process

  • Upstream
  • Midstream/Downstream

By Application

  • Marine Loading
  • Storage Tank Vents
  • Railcar and Truck Loading

By Operation

  • New Installations
  • Services (O & M)

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Media Release


Kitchen Sinks Market

Kitchen sinks are primarily utilized in residential and commercial kitchens. Most residential kitchen sinks either have a single or double bowl..

Drain Cleaning Equipment Market

Global Drain cleaning equipment market is set to dominate the industry throughout the 2017-2025 with a projected market valuation of US$ 104.5 Mn by the end of 2025.

Waste Management Equipment Market

Waste Management Equipment Market Segmentation By Solid, Liquid, Semi-Solid Form with Product Type - Dumpers Truck, Compactors, Cart Lifters, Screeners, Feeders, Conveyors systems, Shredders, Balers, Grinders and Granulators, Sorting Equipment.

Wastewater Diffused Aerator Market

The global demand for wastewater diffused aerators is directly correlated to the infrastructural development activities in the water and wastewater treatment sector. Swift growth of population and rising number of private households and residential areas owing to the rapid urbanization have been boosting the demand for uninterrupted water supply..

Our Clients

Our Clients