Storage Vapor Recovery Units Market Size - By Technology, By End Use, Growth Forecast, 2025 - 2034

Storage Vapor Recovery Units Market Size

According to a recent study by Global Market Insights Inc.the storage vapor recovery units market was estimated at USD 591.6 million in 2024. The market is expected to grow from USD 622.5 million in 2025 to USD 1.01 billion in 2034, at a CAGR of 5.5%.

• Continuous innovation in modular and simpler design along with delivering energy savings in industrial operations will drive the business potential. Rising demand for low-maintenance vapor recovery units with plug-and-play configurations will enhance adoption across mid-sized manufacturing facilities.
   
• A storage vapor recovery unit is a system designed to capture and recover hydrocarbon vapors that are emitted from storage tanks, particularly during operations like filling, emptying, or temperature fluctuations. These vapors typically consist of volatile organic compounds, which can contribute to air pollution and represent a loss of valuable product.
   
• For reference, in May 2025, ADNOC expanded its energy ties with U.S. firms through strategic agreements announced during the UAE-U.S. business dialogue. The deals could unlock USD 60 billion in U.S. investments for ADNOC’s oil and gas projects in Abu Dhabi. This move strengthens bilateral energy cooperation and supports infrastructure growth.
   
• Integration of smart sensors and remote monitoring capabilities in VRUs will support predictive maintenance and operational transparency. Increasing focus on VOC emission control in chemical and pharmaceutical storage will accelerate the deployment of high-efficiency vapor recovery technologies.
   
• Development of compact VRUs tailored for space-constrained environments will drive industry growth in urban and small-scale industrial zones. Growing preference for activated carbon-based recovery systems owing to their high capture efficiency and adaptability will strengthen product differentiation.
   
• Adoption of cryogenic condensation units in temperature-sensitive storage applications will open new avenues for specialized VRU solutions. Expansion of environmental compliance frameworks across non-oil sectors will push industries to invest in advanced vapor recovery infrastructure.
   
• For illustration, in February 2025, Honeywell announced that Taiyo Oil selected its UOP Ethanol-to-Jet technology to support sustainable aviation fuel production at its Okinawa facility. The collaboration strengthens Honeywell’s role in clean energy innovation. It aligns with global decarbonization goals in aviation. The project reflects growing momentum in SAF technology’s adoption.
   
• Rising awareness of sustainability and circular economic principles will encourage industries to recover and reuse vapors as secondary raw materials. Surging demand for energy-efficient compressors within VRUs will increase as industries seek to reduce operational costs and carbon footprints.
   
• Robust growth in bulk liquid storage for chemicals, solvents, and food-grade materials will create consistent demand for these units. Increasing use of polymer-based membranes in vapor separation will drive innovation in selective recovery technologies. Shift toward decentralized vapor recovery systems in multi-site operations will promote scalable and portable VRU designs.
   
• Emphasis on reducing hazardous air pollutants (HAPs) from storage operations will lead to wider adoption of thermal oxidizers and flare-integrated VRUs. Rising investment in emission control retrofits for legacy storage infrastructure will boost demand for modular and upgradeable VRU units.
   
• The storage vapor recovery units market was valued at USD 518.2 million in 2021 and grew at a CAGR of over 4.5% through 2024. Development of hybrid VRUs combining adsorption and condensation technologies will offer flexible solutions for mixed vapor streams.
   
• Expansion of industrial parks and logistics hubs will create new opportunities for centralized vapor recovery systems serving multiple storage units. Growing interest in automation and digital control systems will lead to VRUs being integrated with SCADA and IoT platforms.
   

Storage Vapor Recovery Units Market Trends

• Increasing emphasis on methane reduction across industrial sectors will accelerate the deployment of vapor recovery units in storage operations. Continuous pressure from environmental agencies to curb fugitive emissions will encourage industries to adopt VRUs as a proactive compliance tool.
   
• Integration of VRUs in methane-sensitive zones will support emission control and product recovery simultaneously. Rising corporate sustainability goals will drive investment in VRUs that help reduce methane release from storage tanks and transfer points. Growing awareness of methane’s climate impact will position VRUs as essential infrastructure in emission-sensitive industries.
   
• For instance, in October 2025, ExxonMobil signed an agreement with the Government of Gabon to explore offshore oil and gas reserves. The focus will be on deepwater and ultra-deepwater blocks, supporting strategic expansion in West Africa. The initiative aligns with ExxonMobil’s broader upstream growth plans. It reinforces regional energy development efforts.
   
• Growth in oil and gas storage terminals will increase the demand for vapor recovery units to manage emissions during product handling. Expansion of midstream and downstream infrastructure will create new opportunities for VRUs in tank farms and distribution hubs. Integration of VRUs into new facility designs will support emission control from the outset, reducing retrofit costs.
   
• Rising regulatory requirements for vapor management in oil storage will make VRUs a standard feature in infrastructure planning. Increasing focus on operational safety and emission reduction will drive the adoption of VRUs in volatile storage environments. Development of scalable VRUs will support infrastructure projects with varying storage capacities and vapor compositions.
   
• For reference, in September 2023, Universal Biofuels completed the expansion of its biodiesel facility in India, boosting annual capacity to 60 million gallons. The milestone was achieved over a year ahead of schedule, reflecting strong execution. The upgrade reinforces the company’s position in renewable fuels. It also supports India’s clean energy transition goals.
   
• Expansion of fuel retail stations will increase the need for compact vapor recovery units to manage emissions during refueling operations. Rising urbanization and mobile fueling trends will drive demand for VRUs that are easy to install and maintain. Increasing regulatory oversight on vapor emissions at retail sites will make VRUs a compliance necessity.
   
• Growth in decentralized fuel distribution will promote the use of VRUs across multiple small-scale storage points. Demand for low-footprint VRUs will rise as fuel retailers seek solutions compatible with limited space and infrastructure. Integration of vapor recovery systems in retail networks will support product conservation and reduce environmental impact.
   

Storage Vapor Recovery Units Market Analysis

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• Based on technology, the industry is segmented into absorption, adsorption, condensation, and compression. The adsorption technology holds a share of 33.6% in 2024 and is expected to grow at a CAGR of over 5.5% through 2034. Growing demand for high-efficiency vapor capture will boost the use of activated carbon-based adsorption systems in storage VRUs.
   
• Continuous development of advanced adsorbent materials will improve selectivity and durability in harsh industrial conditions. Rising preference for modular adsorption units will support scalable deployment across small and mid-sized storage facilities. Integration of adsorption VRUs with real-time monitoring systems will enhance performance tracking and maintenance planning.
   
• The condensation-based technology in storage vapor recovery units market was evaluated at USD 137.1 million in 2024. Increasing demand for low-temperature vapor recovery will drive the adoption of condensation-based VRUs in chemical and pharmaceutical storage. Continuous innovation in cryogenic and mechanical condensation systems will enhance vapor capture efficiency across diverse industrial applications.
   
• For citation, in September 2025, BP signed a memorandum of understanding with Egypt to assess a five-well drilling program in the Mediterranean Sea. The initiative targets depths between 300 and 1,500 meters, focusing on resource potential in the West Nile Delta. The move supports Egypt’s strategy to boost domestic gas output using existing infrastructure. It reflects broader momentum in offshore exploration efforts.
   
• The absorption-based technology is set to reach over USD 150 million by 2034. Increasing use of liquid absorbents for vapor recovery will drive adoption of absorption-based VRUs in solvent and chemical storage. Development of selective absorbent formulations will enhance recovery efficiency and reduce cross-contamination risks.
   
• The compression segment will witness a CAGR of over 5% through 2034. Rising demand for high-pressure vapor handling will drive the use of compression-based VRUs in industrial storage operations. Continuous innovation in oil-free reciprocating compressors will enhance reliability and reduce maintenance in vapor recovery systems.
   

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• Based on end use, the storage vapor recovery units market is segmented into oil & gas, chemical & petrochemical, and others. The oil & gas segment will witness a growth rate of over 5% from 2025 to 2034. Expansion of upstream and midstream storage infrastructure will continue to drive demand for vapor recovery units in oil and gas operations.
   
• Increasing regulatory pressure to reduce hydrocarbon emissions from tank farms and loading terminals will make VRUs a compliance necessity. Rising focus on methane and VOC mitigation will position VRUs as critical components in emission control strategies across oil storage facilities.
   
• For illustration, in August 2025, MPLX LP, Enbridge, WhiteWater, and ONEOK, through their Matterhorn joint venture, announced the Eiger Express Pipeline to support rising gas output from the Permian Basin. The 450-mile, 42-inch pipeline will transport up to 2.5 Bcf/d of natural gas from West Texas to Katy near Houston. Reserved capacity will also serve Corpus Christi deliveries.
   
• The chemical & petrochemical segment is set to reach over USD 200 million by 2034. Growing emphasis on VOC control in chemical storage will drive the adoption of vapor recovery units across production and distribution sites. Demand for selective recovery systems will rise in facilities handling complex chemical mixtures and solvents.
   
• Integration of VRUs with process control systems will support emission tracking and operational efficiency in chemical plants. Rising focus on sustainability and resource recovery will promote the use of VRUs to capture and reuse valuable vapors. Adoption of advanced adsorption and condensation technologies will enhance recovery performance in volatile chemical environments.
   

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• The U.S. storage vapor recovery units market was valued at USD 183.2 million in 2024. Increasing enforcement of VOC and HAP regulations by federal and state agencies will drive widespread adoption of VRUs in storage operations. Rising investment in emission control retrofits across legacy infrastructure will support demand for modular and upgradeable VRU systems.
   
• The North America storage vapor recovery units market is projected to register at a CAGR of over 5% through 2034. Strengthening environmental regulations in Canada and Mexico will drive the adoption of VRUs in chemical and fuel storage operations. Expansion of cross-border logistics and storage terminals will create demand for standardized vapor recovery systems.
   
• For reference, in March 2025, Enbridge announced a USD 2 billion investment to upgrade its Mainline pipeline network, a key part of North America’s energy infrastructure. Modernization aims to improve system reliability and operational efficiency. Advanced safety protocols will be integrated to meet evolving regulatory standards. The project is scheduled for completion by 2028.
   
• The Europe storage vapor recovery units market was valued at USD 172.4 million in 2024. Stringent EU directives on VOC emissions will continue to drive strong demand for vapor recovery units in storage facilities. Increasing investment in green infrastructure and low-emission logistics will indirectly support VRU market growth. Adoption of advanced adsorption and membrane technologies will enhance vapor recovery performance in European chemical storage.
   
• The Asia Pacific storage vapor recovery units market holds a share of 22.4% in 2024. Rapid industrialization and urban expansion will drive strong demand for vapor recovery units in chemical and fuel storage. Increasing regulatory enforcement on VOC and air pollutant emissions will accelerate VRU adoption across emerging economies.
   
• For citation, in October 2025, Baker Hughes formed a strategic alliance with Tamboran Resources, committing USD 10 million toward shale gas development in Australia’s Beetaloo Basin. The partnership includes oilfield service delivery for Tamboran’s initial onshore operations.
   
• The Middle East & Africa storage vapor recovery units market will exceed USD 80 million by 2034. Increasing focus on environmental compliance and air quality improvement will promote VRU adoption in urban industrial areas. Rising investment in sustainable logistics and green industrial parks will indirectly support vapor recovery technology growth.
   
• For instance, in October 2025, Shell received presidential approval for its USD 2 billion investment in Nigeria’s HI Field gas development under OML 144. The non-associated gas project aims to deliver 350 million standard cubic feet per day by 2028. This initiative supports domestic energy supply and infrastructure growth. The endorsement highlights strategic momentum in Nigeria’s offshore gas sector.
   
• The Latin America storage vapor recovery units market is projected to grow at a CAGR of over 4.5% through 2034. Development of cost-effective and energy-efficient vapor recovery technologies will support adoption in budget-sensitive markets. Expansion of regional manufacturing and service networks will improve accessibility and support for VRU systems.
   

Storage Vapor Recovery Units Market Share

• The top 5 companies in the storage vapor recovery units industry are EVONIK, PSG, Ingersoll Rand, ZEECO, and Cimarron Energy contributing around 45% of the market in 2024. The market is competitively driven by increasing demand across chemical, pharmaceutical, and food industries, where emission control and regulatory compliance are critical.
   
• Ingersoll Rand holds a solid foothold in the VRU segment by utilizing its global compressor expertise. Its oil-free reciprocating compressors are central to its vapor recovery offerings, known for dependable performance, reduced servicing needs, and efficient vapor capture.
   
• Evonik stands out through its advanced materials innovation, especially in membrane and adsorption systems. Its custom-engineered polymer membranes offer high separation efficiency and resilience, making them suitable for complex industrial vapor recovery tasks.
   
• PSG Dover delivers precision-engineered oil-free gas compressors tailored for vapor recovery use. These systems are optimized for low vibration and maintenance, making them ideal for storage and distribution environments where uptime and reliability are critical.
   
• Cimarron Energy is known for its comprehensive emissions control packages that integrate compression with carbon-based recovery. Its VRUs are widely adopted for their high recovery efficiency and full-service approach, from design to on-site deployment.
   
• ZEECO leverages its expertise in activated carbon technology to offer systems capable of capturing up to 99% of hydrocarbon vapors. Its units are adaptable across various transport and storage formats, including trucks, railcars, and marine terminals.
   

Storage Vapor Recovery Units Market Companies

• Dover Corporation, the parent of PSG, delivered strong financial performance in 2024, generating USD 7.7 billion in total revenue and USD 1.4 billion in earnings from ongoing operations. The company reinforced its shareholder commitment by distributing USD 283 million in dividends.
   
• Ingersoll Rand reported solid growth in 2024, with order volumes reaching USD 7.1 billion up 4% year-over-year driven by consistent industrial demand. Its revenue rose 5% to USD 7.2 billion, reflecting broad-based strength across its product lines.
   
• Kilburn Industries achieved operational revenue of USD 39 million in 2024, with a profit before tax of USD 8.5 million and net earnings of USD 6.4 million, underscoring its steady financial progress and disciplined cost control.
   

Major players operating in the storage vapor recovery units market are:

• ALMA Group
• BORSIG
• Cimarron Energy
• Cool Sorption
• Evonik
• Flogistix
• Ingersoll Rand
• KAPPA GI
• Kilburn Engineering
• Koch Engineered Solutions
• LeROI
• PETROGAS
• PSG
• Reynold India
• S&S Technical
• SCS Technologies
• SYMEX Technologies
• Tecam
• VOCZero
• Zeeco
   

Storage Vapor Recovery Units Industry News

• In July 2025, Flogistix expanded its footprint in New Mexico by deploying advanced vapor recovery units across key basins, enabling operators to significantly reduce methane emissions. These systems convert previously flared or vented vapors into marketable products such as propane and butane, supporting both environmental and economic goals.
   
• In February 2025, Zeeco unveiled its Advanced Research Complex at the Global Technology Center in Oklahoma. This state-of-the-art facility enhances its capabilities in combustion and emissions control innovation, offering dedicated testing platforms for industrial clients developing next-generation pollution mitigation technologies.
   
• In July 2024, Dover Corporation strengthened its clean energy portfolio through the acquisition of Demaco Holland B.V., now part of Clean Energy Solutions division of OPW. The integration brings advanced cryogenic flow control systems into Dover’s offerings, supporting hydrogen and industrial gas applications aligned with global sustainability trends.
   
• In April 2023, Evonik announced the installation of a vapor recovery system at its Louisiana site to address emissions from truck loading operations. The system channels captured vapors to newly implemented control units, including a thermal oxidizer and flare, designed to minimize hazardous air pollutants and ensure regulatory compliance.
   

The storage vapor recovery units market research reports include in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2021 to 2034, for the following segments:

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Market, By Technology

• Condensation
• Adsorption
• Absorption
• Compression

Market, By End Use

• Oil & gas
• Chemical & petrochemical
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Norway
  • Poland
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Egypt
  • Oman
  • South Africa
  • Nigeria
• Latin America
  • Brazil
  • Mexico
  • Argentina