Global
oil
depot gasoline vapor collecting systems market is estimated to grow
considerably in the forecast period due to increase in demand for petroleum
products. Oil depot gasoline vapor collecting systems are used to reduce the
toxic vapours that release in the atmosphere. The petroleum exporting countries
that perform loading operation at offshore sites have been releasing harmful
pollutants, which is a serious issue on the global scale. Hence, oil depot
gasoline vapor collecting systems potentially recover and remove vapours from
the storage tanks, creating less risk harmful vapours in the atmosphere.
The
major drivers of oil depot gasoline vapor collecting systems market include
increase in demand from the transport industry, increasing awareness regarding
the release of toxic crude oil vapor, large volume transportation by economies,
and regulations by various agencies for increase in ground-level ozone from VOC
pollution. However, complex and lengthy installation process of the oil depot
gasoline vapor collecting systems is hampering the market.
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Increase
in demand for oil depot gasoline vapor collecting systems from oil-producing
economies is trending in the market. Furthermore, growing awareness for spray
absorbers, used in the oil depot gasoline vapor collecting systems is an
opportunity for the market players to expand their customer base. Oil depot
gasoline vapor collecting system market is categorized based on type,
application, end user, and geography. Based on type, market is divided into
chemical products, petroleum products, and others.
Based
on application, market is divided into storage, transportation, and processing.
Transportation segment is expected to lead the market due to increase in demand
by the railcars, truck, and pipelines. Furthermore, high demand for oil and gas
products by emerging economies of Asia Pacific also contributes to the growth
of transportation segment.
In
terms of end use, oil depot gasoline vapor collection system market is divided
into oil and gas and others. Oil and gas, by process is further divided into
upstream and downstream, whereas other is also divided into chemicals and
petrochemicals, pharmaceuticals, and landfills. Oil and gas segment is expected
to hold larger share of the market due to increasing use of vapor recovery
units for downstream process. Moreover, increasing use of emission control
systems due to strict norms for VOC emissions in oil & gas industry also
fuels oil and gas segment.
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Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (M USD), market
share and growth rate of Oil Depot Gasoline Vapor Collecting Systems in these
regions, from 2012 to 2023 (forecast), covering
•
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, Columbia)
•
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Oil Depot Gasoline Vapor
Collecting Systems market competition by top manufacturers, with production,
price, revenue (value) and market share for each manufacturer; the top players
including
•
Sinopec Corp
•
Chongqing Endurance Industry Stock
•
Doule
•
Dover Corporation
•
Ruichang
•
Wisebond
•
Bayeco
•
Jiangsu Aerospace Hewlett
On the basis of product, this report
displays the production, revenue, price, market share and growth rate of each
type, primarily split into
•
Petroleum Products
•
Chemical Products
•
Other
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