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Global Glycol Dehydration Unit Market Research Report 2024(Status and Outlook)

Global Glycol Dehydration Unit Market Research Report 2024(Status and Outlook)

  • Published on : 28 November 2024
  • Pages :129
  • Report Code:SMR-8013971

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Report overview

The global Glycol Dehydration Unit market size was valued at US$ 789.4 million in 2024 and is projected to reach US$ 1.05 billion by 2030, at a CAGR of 4.9% during the forecast period 2024-2030.

The United States Glycol Dehydration Unit market size was valued at US$ 187.3 million in 2024 and is projected to reach US$ 241.6 million by 2030, at a CAGR of 4.3% during the forecast period 2024-2030.

Glycol dehydration units are process equipment used in natural gas processing to remove water vapor from natural gas streams, preventing hydrate formation and corrosion in pipelines and downstream equipment.

The global Glycol Dehydration Unit market is growing steadily, driven by increasing natural gas production, expanding gas processing infrastructure, and stringent gas quality specifications in end-use markets. In 2023, total unit sales reached 850, with North America and the Middle East accounting for 65% of global demand. Onshore applications remain the largest segment at 70%, while offshore installations are growing at 6% annually.

TEG (triethylene glycol) based units dominate with an 80% market share due to their efficiency and wide operating range. The market saw a 12% increase in demand for modular and skid-mounted units in 2023, reflecting the trend towards flexible and rapidly deployable solutions. Integration of advanced control systems and remote monitoring capabilities grew by 18%, driven by the need for operational efficiency.

The shift towards sour gas processing led to a 10% rise in adoption of corrosion-resistant materials in glycol units. R&D investments in energy-efficient regeneration systems increased by 15% in 2023, focusing on reducing operational costs and environmental impact. The market faces challenges from alternative dehydration technologies, with a 3% shift towards molecular sieve systems observed in some applications. Advancements in heat integration and waste heat recovery improved overall energy efficiency of glycol units by 7% year-over-year.

Report Overview

The growing adoption of gas instead of oil in various end-use industries across the globe has become a key trend. This can be attributed to the less harmful nature of gas as far as the environment is concerned when compared to oil.

This report provides a deep insight into the global Glycol Dehydration Unit market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Glycol Dehydration Unit Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Glycol Dehydration Unit market in any manner.

Global Glycol Dehydration Unit Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

  • Exterran
  • Schlumberger
  • Enerflex
  • Pietro Fiorentinnin
  • QB Johnson Manufacturing
  • Frames Group
  • Axens
  • KW International
  • Propak Systems
  • Alco Group
  • Croft Production Systems
  • Nihon Seiki
  • ALLIA France
Market Segmentation (by Type)
  • 1-60 MSCFD Capacity
  • 60-100 MSCFD Capacity
  • 100-450 MSCFD Capacity
  • Above 450 MSCFD Capacity
Market Segmentation (by Application)
  • Natural Gas Well Gathering Units
  • Refinery Process Units
  • Chemical Plants
  • Offshore Gas Production Units
  • Other
Geographic Segmentation
  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Glycol Dehydration Unit Market
  • Overview of the regional outlook of the Glycol Dehydration Unit Market:
Key Reasons to Buy this Report:
  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter.