| Study Period | 2019 - 2030 |
| 2024 Market Size | USD 850.2 Million |
| 2025 Market Size | USD 897.7 Million |
| 2030 Forecast | USD 1,177.8 Million |
| Growth Rate (CAGR) | 5.6% |
| Largest Region | North America |
| Fastest Growing Region | Asia-Pacific |
| Nature of the Market | Fragmented |
| Largest End User Category | Oil & Gas Industry |
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The global vapor recovery units market revenue will be an estimated USD 850.2 million in 2024, and it is expected to reach USD 1,177.8 million by 2030, advancing with a CAGR of 5.6% during 2024-2030.
This can be primarily ascribed to the increasing production of oil & gas and, in turn, of petrochemicals. Furthermore, the rising concern about the toxic emissions from petrochemicals and strict regulations for volatile organic compound (VOC) emission reduction are responsible for the market growth. Additionally, the vapors of a range of solvents and chemicals are highly flammable, which is why they must be stopped from being released into the atmosphere, especially near sources of fire or heat. This is why VRUs are widely used during the processing, storage, and transportation of oil & gas products and a wide array of chemicals.
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