Global vapor pressure analyzer market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 3% during the forecast period.
Global Vapor Pressure Analyzer Market
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Global vapor pressure analyzer market Definition
The pressure exerted by a vapor or gas in equilibrium with the both solid and liquid form is called as vapour pressure. A vapour pressure analyzer (VPA) is an instrument which is basically used to analyze and measure the vapor pressures of oils, liquids and solids using the Knudsen effusion method.
Global vapor pressure analyzer market Dynamics
A growing market for oil and gas industry across the region and rising adoption of VPAs in oil and gas sector is the major driving factor behind the growth of the market. Rising adoption of high level of inspection and quality standards in food and beverage and oil and gas industry, increasing demand of VPAs in petrochemical industry to obtain needed qualities of the fuels and high requirement of petroleum products and growing demand of portable VPAs are expected to improve the growth of the market during the forecast period.
However, high costs related with VPAs is the major restraining factor that could hamper the growth of the market.
Global Vapor Pressure Analyzer Market: Segmentation Analysis
By product type, the benchtop vapor pressure analyzer segment dominated the market in 2019. However, portable vapor pressure analyzer segment is projected to witness fast growth at a CAGR of XX% during the forecast period. Portable vapor pressure analyzer is simple, flexible and highly versatile in nature, provides high precision and measures high pressure range up to 0-2000 kPa. A surge in the adoption of portable VPAs for applications such as mobile laboratories, field use, refineries and in oil and pipeline companies is expected to expand the growth of the market during the forecast period.
By application, liquefied petroleum gas and crude oil segment dominated the market in 2019 and is projected to witness fast growth at a CAGR of XX% during the forecast period. Vapor pressure analysis of volatile or explosive liquids like gasoline, petroleum, and crude oil is very essential from both product performance and safety point of view. VPAs can analyze or identify the effects of additives can determine a tendency of a liquid under particular environmental circumstances and gives performance indications of product, which make them best choice for crude oil and LPG vapor analysis applications, which results into the growth of the market.
Rising adoption of vapor pressure analyzer in crude oil, gasoline, LPG and fuel oil applications to guarantee safe transportation and safe storage of petroleum products, to reduce green pollution and to ensure proper operation of combustion engines is further expected to improve the growth of the market throughout the forecast period.
Global Vapor Pressure Analyzer Market: Regional Analysis
Region-wise, North America held the largest market share in 2019 and is projected to witness high growth at a CAGR of XX% during the forecast period. The US and Canada are the major key contributors behind the growth of the market. The growth is attributed to the wide scale adoption of VPAs in oil and gas industry across the region.
Rapid growth in the manufacturing sector, especially in automotive and chemical sector and increasing adoption of VPAs to measure gasoline, crude oil, jet fuel and LPG are driving the growth of the market. According to research, the US is the world’s largest and top oil-producing country with an average of 19.51 million bpd and Canada is the 4th largest oil producing country with 5.50 million bpd, till date.
The objective of the report is to present a comprehensive analysis of the Global Vapor Pressure Analyzer Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Vapor Pressure Analyzer Market dynamics, structure by analyzing the market segments and projects the Global Vapor Pressure Analyzer Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Vapor Pressure Analyzer Market make the report investor’s guide.
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The Scope of Global Vapor Pressure Analyzer Market: Inquire before buying
Global Vapor Pressure Analyzer Market, By Product Type
• Portable Vapor Pressure Analyzer
• Benchtop Vapor Pressure Analyzer
Global Vapor Pressure Analyzer Market, By Application
• Liquefied Petroleum Gas
• Gasoline
• Naphtha’s / Kerosene’s
• Crude Oil
• Fuel Oil
Global Vapor Pressure Analyzer Market, By Region
• North America
US
Canada
• Europe
UK
France
Germany
Italy
Spain
Norway
Russia
• Asia Pacific
China
India
Japan
South Korea
Australia
Malaysia
Indonesia
• South America
Brazil
Mexico
Argentina
• Middle East and Africa
Global Vapor Pressure Analyzer Market, Key Players
• Koehler Instrument Company
• Atac Group
• Petrolab Company
• MIP Cemtrex
• Beckman Coulter
• ABB
• Surface Measurement Systems
• JP3 Measurement, LLC
• Hallikainen Instruments
• Green Lab Hungary Engineering
• AMETEK, Inc
• BARTEC
• GRABNER INSTRUMENTS
• Icon Scientific Limited
• DKK-TOA Corporation
• XX
• XX
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