Manufacturing & Construction
Global Packaging Machinery Market
| Label | Up to 50 HP | 51 to 200 HP | 201 to 500 HP | 501 to 1000 HP | Above 1000 HP |
|---|---|---|---|---|---|
| 2018 | 11.8 USD Mn | 7.3 USD Mn | 6.7 USD Mn | 4.1 USD Mn | 3.2 USD Mn |
| 2019 | 12.5 USD Mn | 7.6 USD Mn | 6.9 USD Mn | 4.3 USD Mn | 3.3 USD Mn |
| 2020 | 13.1 USD Mn | 7.9 USD Mn | 7.2 USD Mn | 4.4 USD Mn | 3.4 USD Mn |
| 2021 | 13.9 USD Mn | 8.2 USD Mn | 7.4 USD Mn | 4.5 USD Mn | 3.5 USD Mn |
| 2022 | 14.7 USD Mn | 8.6 USD Mn | 7.8 USD Mn | 4.7 USD Mn | 3.7 USD Mn |
| 2023 | 15.5 USD Mn | 9 USD Mn | 8.1 USD Mn | 4.9 USD Mn | 3.8 USD Mn |
| 2024 | 16.5 USD Mn | 9.4 USD Mn | 8.4 USD Mn | 5.1 USD Mn | 3.9 USD Mn |
| 2025 | 17.6 USD Mn | 9.9 USD Mn | 8.8 USD Mn | 5.3 USD Mn | 4.1 USD Mn |
| 2026 | 18.7 USD Mn | 10.3 USD Mn | 9.3 USD Mn | 5.5 USD Mn | 4.3 USD Mn |
Data Source: Wantstats Repository
The Canada Vapor Recovery Units (VRUs) market is experiencing a high demand for units with varying horsepower capabilities. This demand is driven by the need to comply with strict environmental regulations and the growing focus on reducing carbon emissions in the oil and gas industry. VRUs play a crucial role in recovering and recycling vapors that are produced during the transportation and storage of oil and gas. They not only help in reducing air pollution but also contribute to cost savings for oil and gas companies.
The demand for VRUs in Canada can be categorized into different horsepower segments, such as below 50 HP, 50-500 HP, 500-1,2000 HP, and above 1,200 HP. Each of these segments caters to different end-use industries and has its own set of demand drivers.
The below 50 HP segment is the smallest in terms of demand but is witnessing a steady growth due to the adoption of VRUs in smaller-scale operations, such as gas stations and small oil refineries. These units are also used in regions with low gas vapor production, requiring lower horsepower units.
The 50-500 HP segment is the most significant contributor to the Canada VRUs market. This can be attributed to the high demand from mid-sized oil and gas companies, which are required to comply with environmental regulations. Moreover, the adoption of fracking technology in the oil and gas industry is also driving the demand for VRUs in this segment.
The 500-1,2000 HP segment is also witnessing a significant demand for VRUs. This can be attributed to the increased usage of VRUs in large-scale oil refineries and refineries. With a higher horsepower capacity, these units can handle larger volumes of gas vapors and provide better efficiency, making them an attractive choice for these industries.
The above 1,200 HP segment is the smallest in terms of demand but is expected to witness a steady growth in the coming years. These units are primarily used in the oil and gas exploration and production segment, where high horsepower units are required to recover and recycle large volumes of gas vapors.
In conclusion, the Canada VRUs market is witnessing a significant demand for units of varying horsepower, with each segment catering to different end-use industries. This trend is expected to continue as the demand for VRUs increases due to stricter environmental regulations and the growing focus on reducing carbon emissions in the oil and gas industry.
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Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Canada Vapor Recovery Units Market, By Horsepower
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