The study involved four major activities for estimating the current size of the global vapor recovery units market. Exhaustive secondary research was carried out to collect information on the market, the peer product market, and the parent product group market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of vapor recovery units through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the vapor recovery units market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.
Secondary Research
The market for the companies offering vapor recovery units is arrived at by secondary data available through paid and unpaid sources, analyzing the product portfolios of the major companies in the ecosystem, and rating the companies by their performance and quality. Various secondary sources such as Business Standard, Bloomberg, World Bank, and Factiva were referred to, to identify and collect information for this study on the vapor recovery units market. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, journals, certified publications, and articles from recognized authors, directories, and databases. In the secondary research process, various secondary sources were referred to for identifying and collecting information related to the study. Secondary sources included annual reports, press releases, and investor presentations of vapor recovery unit vendors, forums, certified publications, and whitepapers. The secondary research was used to obtain critical information on the industry’s value chain, the total pool of key players, market classification, and segmentation from the market and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the vapor recovery units market. After the complete market engineering (calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types, industry trends, competitive landscape of vapor recovery units offered by various market players, and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key player strategies. In the complete market engineering process, the top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.
Following is the breakdown of primary respondents—
Notes: Others include sales, marketing, and product managers.
Tier 1: >USD 1 Billion; Tier 2: USD 500 million–1 Billion; and Tier 3: < USD 500 million.
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Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the global size of the vapor recovery units market. These approaches were also used extensively to estimate the size of various dependent segments of the market. The research methodology used to estimate the market size included the following:
Data Triangulation
After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
A vapor recovery unit is an advanced compression device aimed at trapping and recovering low-pressure gas streams of hydrocarbon vapors. Gases recovered are recycled to a larger compressor suction for resale or further processing with maximum revenue at minimum product loss. Besides money-saving benefits, vapor recovery units also serve an important environmental purpose in preventing VOCs and greenhouse gases from venting into the atmosphere, eliminating emissions and related regulatory exposures. Vapor recovery units are used broadly in the oil & gas industry, and also in the chemical and petrochemical industry, in landfills, and in pharmaceutical industries. They facilitate operational efficiency through sustainability measures by reducing air pollution and helping towards stringent environmental regulations.
Stakeholders
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Raw material suppliers and producers
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Regulatory bodies
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Vapor recovery unit technology providers
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End-use industry participants of different segments of vapor recovery units
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Associations and industrial bodies
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Local governments
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Environment support agencies
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Investment banks and private equity firms
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Market research and consulting firms
Report Objectives
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To define, describe, and forecast the size of the vapor recovery units market in terms of value.
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To elaborate on the drivers, restraints, opportunities, and challenges in the market.
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To estimate and forecast the market size based on application, end-use industry, and region.
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To forecast the market size, along with segments and submarkets, in the key regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America with their key countries.
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To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the total market
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To analyze growth opportunities in the market for stakeholders and provide detailed information about the competitive landscape for market leaders.
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To analyze competitive developments such as mergers & acquisitions and expansions & investments in the market
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To strategically profile key players and comprehensively analyze their market shares and core competencies.
HIGHEST CAGR MARKET IN 2025-2030
INDIA FASTEST GROWING MARKET IN THE REGION
Growth opportunities and latent adjacency in Vapor Recovery Units Market