Glycol Dehydration Unit Market 2022
Globally, the glycol dehydration unit market was valued at US$ 136.1 Mn by 2017 end, and is projected to expand and reach US$ 220.5 Mn by the end of 2028.
Persistence Market Research delivers key insights on the global glycol dehydration unit market, in its report titled, ‘Glycol Dehydration Unit Market: Global Industry Analysis 2013–2017 and Forecast 2018–2028‘. Over the forecast years, the global glycol dehydration unit market is expected to show a positive outlook.
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The market value is expected to increase at a healthy pace over the forecast period. Based on the glycol type segment, the triethylene glycol segment is expected to account for a lion’s share in the market, owing to the advantages associated with its utilization.
The global glycol dehydration unit market exceeded the value of US$ 140 Mn in 2018, witnessing 3.6% Year-on-Year growth over 2017. North America, led by the US, is anticipated to account for the maximum number of glycol dehydration units installed. Europe is expected to account for a prominent share in the global glycol dehydration unit market over the forecast years.
Key Companies-
- Exterran Corporation
- Schlumberger Limited
- Enerflex Ltd.
- Pietro Fiorentinnin S.p.a.
- QB Johnson Manufacturing, Inc.
- Frames Group
- Axens
- KW International
- Propak Systems Ltd.
- Alco Group
- Croft Production Systems, Inc.
- Nihon Seiki Co. Ltd.
- ALLIA France
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Global Glycol Dehydration Unit Market: Dynamics
The rising demand for natural gas from various end-use industries across the globe is expected to be one of the key factors assisting the demand for glycol dehydration units. The growing adoption of gas instead of oil in multiple industries across the globe has become a trend. This can be attributed to the less harmful nature of gas to the environment as compared to oil. Hence, the development and establishment of new gas fields will remain the key agenda for various economies. With an increase in gas production activities, the demand for gas treatment technologies and equipment such as glycol dehydration units is also expected to grow.
However, the availability of alternative technologies pertaining to natural gas dehydration is one of the key challenging factors in the global glycol dehydration unit market. Some of the players in the gas dehydration technologies market are focusing on the development of alternative technologies, such as the membrane dehydration technique. For instance, Air Liquide’s PEEK-SepTM membrane technology has the capability to dehydrate natural gas at a low pressure.
Technological advancements in glycol dehydration unit production technology combined with advancements in various end uses are expected to create opportunities for companies to serve multiple clients with better solutions. Long-term contracts and acquisition activities are found to be the key trends in the global glycol dehydration unit market.
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Key Questions Answered in This Report.
What are the Roadblocks for Glycol Dehydration Unit Suppliers?
What are the Key Opportunities for Glycol Dehydration Unit Manufacturers?
How is Focus on Safety Influencing Glycol Dehydration Unit Demand?
What is the Regulatory Impact on Global Sales of Glycol Dehydration Unit?
Which Region Offers the Largest Opportunity for Sales of Glycol Dehydration Unit?
Where Does the U.S. Stand in the Market for Glycol Dehydration Unit?
What Is the Outlook for Glycol Dehydration Unit Manufacturers in China?
Why is Germany a Lucrative Market for Glycol Dehydration Unit Manufacturers?
Why Will Belgium Outpace Other European Markets for Glycol Dehydration Unit?
Why is There High Demand for Tires in Glycol Dehydration Unit?
Why are Sales of Glycol Dehydration Unit Surging?
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