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glycol dehydration system market Forecast to 2028

The global glycol dehydration unit market research by Persistence Market Research details market value (US$ Mn) predictions, market dynamics, significant projects and developments, and forecast factors for the study period of 2018–2028. The market for glycol dehydration units was valued at US$ 136.1 million at the end of 2017 and is anticipated to grow to US$ 220.5 million by the end of 2028.

Persistence Market Research delivers key insights on the global glycol dehydration unit market, in its report titled, ' Glycol Dehydration System 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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Glycol dehydration is a process used to remove water from natural gas. This is often done to prevent the formation of hydrates, which can clog pipelines and interfere with the processing of natural gas. In a glycol dehydration system, a glycol solution is used to absorb water vapor from the natural gas. The glycol solution is then heated, which causes the water to evaporate and be separated from the glycol. The resulting dry natural gas can then be transported through pipelines without the risk of hydrate formation.

The global glycol dehydration system market is expected to grow at a significant rate in the coming years. This growth is driven by an increasing demand for natural gas, particularly in the power generation and transportation sectors. The use of glycol dehydration systems is also expected to increase in the oil and gas industry as a means of improving the quality of natural gas and making it more suitable for transportation.

One of the major factors driving the growth of the glycol dehydration system market is the increasing adoption of natural gas as a cleaner and more efficient source of energy. Natural gas produces fewer emissions than other fossil fuels, making it a preferred choice for power generation and transportation. As a result, there is a growing demand for natural gas, which is driving the need for effective dehydration systems.

Another factor contributing to the growth of the glycol dehydration system market is the development of new technologies that improve the efficiency and effectiveness of glycol dehydration systems. These technologies include advanced heat exchangers, enhanced glycol solutions, and improved control systems that allow for better monitoring and control of the dehydration process.

Overall, the glycol dehydration system market is expected to continue to grow as demand for natural gas increases and new technologies are developed to improve the efficiency of glycol dehydration systems. This growth is expected to create opportunities for companies that manufacture and supply glycol dehydration systems, as well as for those involved in the development of new technologies for the market.

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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

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.

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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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