LPG Vaporizer - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global LPG Vaporizer market is accounted for $1.03 billion in 2017 and is expected to reach $1.56 billion by 2026 growing at a CAGR of 4.7%. Some of the factors influencing the market growth are rising use of Liquefied Petroleum Gas (LPG) requiring high-pressure vaporization of the gas. However, the volatility of crude oil prices is hampering the market.
Based on product, direct-fired LPG vaporizer segment commanded significant market growth during the predicted period due to the lower operating cost and higher fuel conversion. Direct Fired vaporizer uses the direct flame to vaporize liquid LPG inside a heat exchanger. In addition, it is easy to transport, produces a high amount of heat even in smaller units, has lower rental and maintenance cost, and is safer for unsupervised use.
By geography, North America is anticipated to dominate the global market. The regional market growth is majorly driven by the increase of liquefied petroleum gas and related equipment utilization in several industries.
Some of the key players in the LPG Vaporizer market include TransTech Energy, Inc., ALGAS-SD, SHV Energy, Tamura Corporation, Nihon Genma, Meeder Equipment, ADCENG Gas Equipment (Pty) Ltd., Pegoraro Gas Technologies Srl, and Stannol GmbH & Co. KG.
• >1000 gal/hr
• 555-1005 gal/hr
• 168-455 gal/hr
• 40-160 gal/hr
• Electric Vaporizer
• Steam/Water Bath Vaporizer
• Direct-fired Vaporizer
End Users Covered:
• Other End Users
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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- Market share assessments for the regional and country level segments
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- Supply chain trends mapping the latest technological advancements
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