Glycol Dehydration Unit Market Revenue to Witness Steady Growth Through 2028
Added: (Wed May 15 2019)
Pressbox (Press Release) -
The worldwide market for glycol dehydration unit was estimated at US$ 136.1 Million towards 2017 end, and reached the valuation of US$ 140 Million during 2018, foreseeing 3.6% Y-o-Y expansion throughout 2017. The worldwide market will grow and touch US$ 220.5 Million towards 2028 end.
The growing need for natural gas from different end-use industries all over the world is likely to be one of the foremost aspects increasing the requirement for glycol dehydration units. The developing implementation of gas rather than oil in various enterprises worldwide has turned into a pattern. This could be ascribed to the less unsafe nature of gas to the earth when contrasted with oil. Henceforth, the advancement and foundation of new gas fields will stay the major motivation for different economies. With an expansion in gas generation exercises, the requirement for gas treatment advancements and hardware, for example, glycol dehydration units is likewise expected to expand.
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On the other hand, the accessibility of alternative innovations relating to petroleum gas dehydration is one of the foremost challenging factors in the worldwide market. A few of the players in the market for gas dehydration technologies are concentrating on the improvement of alternative advances, for example, the membrane dehydration system.
In terms of the glycol type, the global market is segmented as Diethylene Glycol, Ethylene Glycol, Tetraethylene Glycol and Triethylene Glycol (includes High Purity and Low Purity). Among these segments, the triethylene glycol category is likely to stay a prominent category in the worldwide market throughout the assessment period, because of the several benefits together with its usage, for example, it could be simply regenerated to vapor losses, lower operating costs and a high degree of purity, etc.
Based on the processing capacity, the global market is segmented as Above 450 MSCFD, 100-450 MSCFD, 60-100 MSCFD, and 1-60 MSCFD. In terms of the regenerator type, the global market is categorized as electric emersion heated, hot oil heated and direct fired. By design, the global market includes custom units, semi-custom units, and standard units. In terms of the end user, the global market includes refinery process units, natural gas well gathering units, offshore gas production units, chemical plants and other gas processing units.
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In terms of the region, North America, dominated by the US, is projected to hold the highest number of glycol dehydration units set up. Europe is likely to hold a foremost share in the worldwide market for the duration of the assessment.
The major companies active in the worldwide market include Exterran Corporation, Enerflex Ltd., Schlumberger Limited, QB Johnson Manufacturing, Inc., Pietro Fiorentinnin S.p.a., Axens, Frames Group, Propak Systems Ltd., KW International, Croft Production Systems, Inc., Alco Group, ALLIA France and Nihon Seiki Co. Ltd.