VAPOR RECOVERY UNITS MARKET ANALYSIS

The high installation and maintenance cost associated with vapor recovery units (VRUs) has been a major restraint on the growth of the global VRU market. VRU systems require substantial capital expenditure for installation due to the infrastructure needed to capture vapors and route them through pipes and treatment systems. The installation process itself is also time-consuming and labor-intensive.

Market Opportunities: Expanding installation base at marine loading terminals

Expanding installation base at marine loading terminals presents a major opportunity for the global vapor recovery units market. As international seaborne trade of liquid petroleum gases and other volatile organic compounds continues to rise in the coming years, requirements to curb hazardous emissions during marine transport will become increasingly stringent. Additionally, Rising volumes of chemicals, petrochemicals and petroleum products being shipped between countries will mean higher throughput at key ports and marine terminals. This will motivate terminal operators and national authorities to aggressively reduce emission of VOCs and hazardous air pollutants from vessel loading/unloading manifolds into the atmosphere. Vapor recovery units that collect and process Displaced vapor back into the liquid phase during marine loading/unloading emerge as an effective solution. Major global initiatives like the International Convention for the Prevention of Pollution from Ships also mandate the use of vapor control systems at marine terminals to curb ocean pollution.