Refinery Vacuum Distillation Units Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Vacuum distillation is done under lower pressure to purify substances that are difficult to distil at ambient pressures, or simply to save time and energy. The first step in refining crude oil is to evaporate it in a vacuum distillation column at somewhat higher pressures than air pressure. Low-temperature distillation is another name for vacuum distillation. The residue from the atmospheric tower in oil refineries contains gas oils that are not recovered. Because of worries about thermal cracking, the outlet temperature of the crude unit heater is limited. As a result, the residue from the bottoms of the atmospheric distillation unit can be piped to a vacuum distillation unit (VDU), which operates at 0.4 PSI and recovers additional heavy distillates.
MARKET DYNAMICS
The increase in petroleum products in the future will boost the global refinery vacuum distillation units market. Furthermore, oil is an important component in the power generation process. The global refinery vacuum distillation equipment market has grown in response to rising power consumption rates. Furthermore, a growth in demand for petrochemicals to create plastics is one of the major drivers of the refinery vacuum distillation machines market.
MARKET SCOPE
The "Global Refinery Vacuum Distillation Units Market Analysis to 2031" is a specialized and in-depth study of the refinery vacuum distillation units' market with a special focus on the global market trend analysis. The report aims to provide an overview of the refinery vacuum distillation units market with detailed market segmentation by type and geography. The global refinery vacuum distillation units' market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading refinery vacuum distillation units market players and offers key trends and opportunities in the refinery vacuum distillation units' market.
MARKET SEGMENTATION
The global refinery vacuum distillation units' market is segmented based on type. Based on type, refinery vacuum distillation units' market is segmented into dry and wet.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Refinery Vacuum Distillation Units Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Refinery Vacuum Distillation Units Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Refinery Vacuum Distillation Units Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the refinery vacuum distillation units market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Refinery Vacuum Distillation Units Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Refinery Vacuum Distillation Units Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Refinery Vacuum Distillation Units Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the refinery vacuum distillation units market in these regions.
MARKET PLAYERS
The reports cover key developments in the refinery vacuum distillation units market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from refinery vacuum distillation units market are anticipated to lucrative growth opportunities in the future with the rising demand for refinery vacuum distillation units market. Below mentioned is the list of few companies engaged in the refinery vacuum distillation units market.
The report also includes the profiles of key refinery vacuum distillation units market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Rufouz Hitek Engineers Pvt. Ltd.
- GEA Group Aktiengesellschaft
- Edgen Murray
- Maleta Cyclic Distillation LLC
- Maverick Engineering, Inc.
- Alfa Laval
- Busch Group
- KURAF MUHENDISLIK
- Axens
- Praj Industries
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Refinery Vacuum Distillation Units Market - By Type
1.3.2 Refinery Vacuum Distillation Units Market - By Region
1.3.2.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. REFINERY VACUUM DISTILLATION UNITS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. REFINERY VACUUM DISTILLATION UNITS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. REFINERY VACUUM DISTILLATION UNITS MARKET - GLOBAL MARKET ANALYSIS
6.1. REFINERY VACUUM DISTILLATION UNITS - GLOBAL MARKET OVERVIEW
6.2. REFINERY VACUUM DISTILLATION UNITS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. REFINERY VACUUM DISTILLATION UNITS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. DRY
7.3.1. Overview
7.3.2. Dry Market Forecast and Analysis
7.4. WET
7.4.1. Overview
7.4.2. Wet Market Forecast and Analysis
8. REFINERY VACUUM DISTILLATION UNITS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America Refinery Vacuum Distillation Units Market Overview
8.1.2 North America Refinery Vacuum Distillation Units Market Forecasts and Analysis
8.1.3 North America Refinery Vacuum Distillation Units Market Forecasts and Analysis - By Type
8.1.4 North America Refinery Vacuum Distillation Units Market Forecasts and Analysis - By Countries
8.1.4.1 United States Refinery Vacuum Distillation Units Market
8.1.4.1.1 United States Refinery Vacuum Distillation Units Market by Type
8.1.4.2 Canada Refinery Vacuum Distillation Units Market
8.1.4.2.1 Canada Refinery Vacuum Distillation Units Market by Type
8.1.4.3 Mexico Refinery Vacuum Distillation Units Market
8.1.4.3.1 Mexico Refinery Vacuum Distillation Units Market by Type
8.2. EUROPE
8.2.1 Europe Refinery Vacuum Distillation Units Market Overview
8.2.2 Europe Refinery Vacuum Distillation Units Market Forecasts and Analysis
8.2.3 Europe Refinery Vacuum Distillation Units Market Forecasts and Analysis - By Type
8.2.4 Europe Refinery Vacuum Distillation Units Market Forecasts and Analysis - By Countries
8.2.4.1 Germany Refinery Vacuum Distillation Units Market
8.2.4.1.1 Germany Refinery Vacuum Distillation Units Market by Type
8.2.4.2 France Refinery Vacuum Distillation Units Market
8.2.4.2.1 France Refinery Vacuum Distillation Units Market by Type
8.2.4.3 Italy Refinery Vacuum Distillation Units Market
8.2.4.3.1 Italy Refinery Vacuum Distillation Units Market by Type
8.2.4.4 United Kingdom Refinery Vacuum Distillation Units Market
8.2.4.4.1 United Kingdom Refinery Vacuum Distillation Units Market by Type
8.2.4.5 Russia Refinery Vacuum Distillation Units Market
8.2.4.5.1 Russia Refinery Vacuum Distillation Units Market by Type
8.2.4.6 Rest of Europe Refinery Vacuum Distillation Units Market
8.2.4.6.1 Rest of Europe Refinery Vacuum Distillation Units Market by Type
8.3. ASIA-PACIFIC
8.3.1 Asia-Pacific Refinery Vacuum Distillation Units Market Overview
8.3.2 Asia-Pacific Refinery Vacuum Distillation Units Market Forecasts and Analysis
8.3.3 Asia-Pacific Refinery Vacuum Distillation Units Market Forecasts and Analysis - By Type
8.3.4 Asia-Pacific Refinery Vacuum Distillation Units Market Forecasts and Analysis - By Countries
8.3.4.1 Australia Refinery Vacuum Distillation Units Market
8.3.4.1.1 Australia Refinery Vacuum Distillation Units Market by Type
8.3.4.2 China Refinery Vacuum Distillation Units Market
8.3.4.2.1 China Refinery Vacuum Distillation Units Market by Type
8.3.4.3 India Refinery Vacuum Distillation Units Market
8.3.4.3.1 India Refinery Vacuum Distillation Units Market by Type
8.3.4.4 Japan Refinery Vacuum Distillation Units Market
8.3.4.4.1 Japan Refinery Vacuum Distillation Units Market by Type
8.3.4.5 South Korea Refinery Vacuum Distillation Units Market
8.3.4.5.1 South Korea Refinery Vacuum Distillation Units Market by Type
8.3.4.6 Rest of Asia-Pacific Refinery Vacuum Distillation Units Market
8.3.4.6.1 Rest of Asia-Pacific Refinery Vacuum Distillation Units Market by Type
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa Refinery Vacuum Distillation Units Market Overview
8.4.2 Middle East and Africa Refinery Vacuum Distillation Units Market Forecasts and Analysis
8.4.3 Middle East and Africa Refinery Vacuum Distillation Units Market Forecasts and Analysis - By Type
8.4.4 Middle East and Africa Refinery Vacuum Distillation Units Market Forecasts and Analysis - By Countries
8.4.4.1 South Africa Refinery Vacuum Distillation Units Market
8.4.4.1.1 South Africa Refinery Vacuum Distillation Units Market by Type
8.4.4.2 Saudi Arabia Refinery Vacuum Distillation Units Market
8.4.4.2.1 Saudi Arabia Refinery Vacuum Distillation Units Market by Type
8.4.4.3 Rest of Middle East and Africa Refinery Vacuum Distillation Units Market
8.4.4.3.1 Rest of Middle East and Africa Refinery Vacuum Distillation Units Market by Type
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America Refinery Vacuum Distillation Units Market Overview
8.5.2 South and Central America Refinery Vacuum Distillation Units Market Forecasts and Analysis
8.5.3 South and Central America Refinery Vacuum Distillation Units Market Forecasts and Analysis - By Type
8.5.4 South and Central America Refinery Vacuum Distillation Units Market Forecasts and Analysis - By Countries
8.5.4.1 Brazil Refinery Vacuum Distillation Units Market
8.5.4.1.1 Brazil Refinery Vacuum Distillation Units Market by Type
8.5.4.2 Argentina Refinery Vacuum Distillation Units Market
8.5.4.2.1 Argentina Refinery Vacuum Distillation Units Market by Type
8.5.4.3 Rest of South and Central America Refinery Vacuum Distillation Units Market
8.5.4.3.1 Rest of South and Central America Refinery Vacuum Distillation Units Market by Type
9. INDUSTRY LANDSCAPE
9.1. MERGERS AND ACQUISITIONS
9.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
9.3. NEW PRODUCT LAUNCHES
9.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
10. REFINERY VACUUM DISTILLATION UNITS MARKET, KEY COMPANY PROFILES
10.1. RUFOUZ HITEK ENGINEERS PVT. LTD.
10.1.1. Key Facts
10.1.2. Business Description
10.1.3. Products and Services
10.1.4. Financial Overview
10.1.5. SWOT Analysis
10.1.6. Key Developments
10.2. GEA GROUP AKTIENGESELLSCHAFT
10.2.1. Key Facts
10.2.2. Business Description
10.2.3. Products and Services
10.2.4. Financial Overview
10.2.5. SWOT Analysis
10.2.6. Key Developments
10.3. EDGEN MURRAY
10.3.1. Key Facts
10.3.2. Business Description
10.3.3. Products and Services
10.3.4. Financial Overview
10.3.5. SWOT Analysis
10.3.6. Key Developments
10.4. MALETA CYCLIC DISTILLATION LLC
10.4.1. Key Facts
10.4.2. Business Description
10.4.3. Products and Services
10.4.4. Financial Overview
10.4.5. SWOT Analysis
10.4.6. Key Developments
10.5. MAVERICK ENGINEERING, INC.
10.5.1. Key Facts
10.5.2. Business Description
10.5.3. Products and Services
10.5.4. Financial Overview
10.5.5. SWOT Analysis
10.5.6. Key Developments
10.6. ALFA LAVAL
10.6.1. Key Facts
10.6.2. Business Description
10.6.3. Products and Services
10.6.4. Financial Overview
10.6.5. SWOT Analysis
10.6.6. Key Developments
10.7. BUSCH GROUP
10.7.1. Key Facts
10.7.2. Business Description
10.7.3. Products and Services
10.7.4. Financial Overview
10.7.5. SWOT Analysis
10.7.6. Key Developments
10.8. KURAF MUHENDISLIK
10.8.1. Key Facts
10.8.2. Business Description
10.8.3. Products and Services
10.8.4. Financial Overview
10.8.5. SWOT Analysis
10.8.6. Key Developments
10.9. AXENS
10.9.1. Key Facts
10.9.2. Business Description
10.9.3. Products and Services
10.9.4. Financial Overview
10.9.5. SWOT Analysis
10.9.6. Key Developments
10.10. PRAJ INDUSTRIES.
10.10.1. Key Facts
10.10.2. Business Description
10.10.3. Products and Services
10.10.4. Financial Overview
10.10.5. SWOT Analysis
10.10.6. Key Developments
11. APPENDIX
11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS
1.Rufouz Hitek Engineers Pvt. Ltd.
2.GEA Group Aktiengesellschaft
3.Edgen Murray
4.Maleta Cyclic Distillation LLC
5.Maverick Engineering, Inc.
6.Alfa Laval
7.Busch Group
8.KURAF MUHENDISLIK
9.Axens
10.Praj Industries.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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