Strict environmental legislations on VOC emissions are playing a major role in the adoption of vapor recovery services. In order to reduce ill effects of VOC emissions, environmental laws are implemented in different countries pertaining to emission standards. These regulations have mandated all companies in crude oil production and petroleum industry to install vapor recovery units at each plant. Thus, increasing the demand for vapor recovery services market across the globe. A new research report with a title “Vapor Recovery Services Market: Global Industry Analysis and Forecast, 2017–2025” has been recently added to the vast online repository of Market Research Reports Search Engine (MRRSE). This report on vapor recovery services market analyzes the present state as well as future prospects of the market across the globe.
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The report begins with an overview of the global vapor services market, appraising market performance in terms of revenue and volume, followed by an analysis of opportunities, drivers, key trends and restraints witnessed by major players operating in the global market. To understand and assess opportunities in the industry, the report is categorically segregated into five broad segments on the basis of process, application, technology, end-user and region. The report analyses the global vapor recovery services market in terms of value (US$ Million) and volume (units).
Geographically, North America held highest market value share and is likely to expand at a relatively higher rate. The U.S. is estimated to account for more than two-third of the market share in the global vapor recovery services market. North America will continue to be a dominant region in the global vapor recovery services market throughout the forecast period. The global vapor recovery services market in the U.S. is expected to grow at a CAGR of 8.5% during the period of 2017 – 2025.
On the other hand, Latin America and the Middle East and Africa will account for a relatively lower market share and are anticipated to witness steady growth. The researchers have observed that the U.S. is projected to provide ample opportunities in the global vapor recovery services market as compared to other regions of the globe. In sync with the same, companies across the globe are highly focused on expanding their business portfolio and efficiency in order to capitalize on the growing opportunities in the country.
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Some of key players profiled in the report include SGS SA, Zeeco, Inc., Atlas Process Innovation, AEREON, JOHN ZINK COMPANY, LLC, 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) and others.
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