Global “Vapor Recovery Units Market” report forecast to 2027 investigate the Impact of COVID-19 on Industry further market size, manufactures, types, applications and key regions focuses on the consumption of Vapor Recovery Units in these regions. This report also studies the global Vapor Recovery Units market share, competition landscape, status share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
COVID-19 can affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.
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John Zink Company, LLC, Hy-Bon/EDI, Whirlwind Methane Recovery Systems LLC, Petrogas Systems, Accel Compression Inc., PSG Dover, Wintek Corporation, AEREON Inc., and Cimarron Energy Inc. are some of the major organizations dominating the global market. (Other Players Can be Added per Request)
- Development of unconventional energy sources is expected to pose lucrative business opportunity
Development of unconventional energy sources namely shale oil, coal bed methane, and oil sands are presenting new growth opportunities for vapor recovery unit manufacturers. Oil and gas producers are increasingly adopting high-end technologies such as membrane-separated vapor recover units, in order to optimize the production process. Following are some of the major investments made by oil and gas companies. In June 2016, Iran’s Machine Making Company signed a US$ 550 Mn contract with China’s largest heavy industry enterprise to build oil terminal with a capacity of 30 million barrels on Qeshm Island, in the southern Persian Gulf. Furthermore, in June 2016, Ghana National Petroleum Corporation announced installation of two import LNG terminals, as the country has planned to start importing LNG in early 2017.
- Rapid installation of VRUs on gas stations in Asia Pacific region is expected to present growth market opportunity for marketers
New stringent regulations regarding reduction of VOC emission have compelled petrol pump owners to install vapor recovery units. For instance in 2004, in China, the Air Pollution Control (Petrol Filling Stations) (Vapor Recovery) Regulation was amended to require petrol filling stations to install a system to recover petrol vapor emitted during vehicle refueling (Phase II vapor recovery system). Furthermore, the amended regulation came into effect on March 31, 2005.
Impact of Covid-19 on Vapor Recovery Units Industry 2020
Vapor Recovery Units Market report analyses the impact of Coronavirus (COVID-19) on the Vapor Recovery Units industry. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Vapor Recovery Units market in 2020.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; emergency declared in many countries; massive slowing of the supply chain; stock market unpredictability; falling business assurance, growing panic among the population, and uncertainty about future.
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The study details country-level aspects based on each segment and gives estimates in terms of market size. The key regional trends beneficial to the growth of the Vapor Recovery Units market are discussed. Further, it analyzes the market potential for every nation. Geographic segmentation covered in the market report:
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In this study, the years considered to estimate the market size of Vapor Recovery Units Market are as follows:
• History Year: 2013-2019
• Base Year: 2019
• Estimated Year: 2020
• Forecast Year: 2020 to 2027
The Vapor Recovery Units market report answers the following queries:
• Which players hold the significant Vapor Recovery Units market share and why?
• What strategies are the Vapor Recovery Units market players forming to gain a competitive edge?
• Why region is expected to lead the global Vapor Recovery Units market?
• What factors are negatively affecting the Vapor Recovery Units market growth?
• What will be the value of the global Vapor Recovery Units market by the end of 2027?
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Study on Table of Contents:
- Vapor Recovery Units Market Overview, Scope, Status and Prospect (2015-2020) covering COVID-19 Pandemic.
- Global Vapor Recovery Units Market Competition by Manufacturers
- Global Vapor Recovery Units Capacity, Production, Revenue (Value) by Region (2015-2020)
- Global Vapor Recovery Units Supply (Production), Consumption, Export, Import by Region (2015-2020)
- Global Vapor Recovery Units Production, Revenue (Value), Price Trend by Type
- Global Vapor Recovery Units Market Analysis by Application
- Global Vapor Recovery UnitsManufacturers Profiles/Analysis
- Vapor Recovery Units Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Global Vapor Recovery Units Market Forecast (2020-2027)
- Research Findings and Conclusion Appendix – Methodology/Research Approach, Market Size Estimation, Data Source, Secondary Sources, Primary Sources, and Disclaimer.
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