VAPOR RECOVERY UNITS MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Opportunities for VRU use in emerging economies

While developed markets in North America and Europe have established regulatory frameworks around vapor recovery for some time now, many developing economies are still in the initial stages of addressing air pollution from their rapidly growing energy and transportation sectors. As urbanization and industrialization progresses in countries like India, Indonesia, and across Africa and Latin America, VRU technology presents an opportunity to curb emissions from an early stage itself. These emerging economies represent huge potential for VRU vendors to establish local manufacturing and service networks to tap into infrastructure projects across areas like oil terminals, LNG import facilities, pipelines, and gasoline retail. Several of these countries have also started introducing their own emissions standards modeled on international protocols. This regulatory push when combined with a need to manage VOC emissions from intensive industrial growth could spur sizable VRU deployment projects across various nodes in their developing fuel distribution infrastructure. Vendors successful in localizing their value chains and customizing solutions for these new markets stand to gain considerable long-term business as emission control becomes a rising priority.