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Global Market Study on Glycol Dehydration Unit: Increasing Investments in Natural Gas Processing Facilities to Accelerate Demand Growth
glycol dehydration unit (gdu) market
Globally, the Glycol Dehydration Unit (GDU) Market was valued at US$ 136.1 Million by 2017 end, and is projected to expand and reach US$ 220.5 Million by the end of 2028.
The Glycol Dehydration Unit Market has seen steady growth in recent years, as the technology has become increasingly efficient and cost-effective for a wide range of applications. Glycol dehydration systems are used primarily in natural gas processing and transportation to remove moisture from the gas stream prior to delivery. These systems replace water vapor with dry air or nitrogen, thus preventing the formation of hydrates which can cause equipment damage or impede flow. This article examines some of the key drivers of growth in the Glycol Dehydration Unit Market and provides an overview of current industry trends.
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Market Overview:
The global glycol dehydration unit market is expected to grow significantly over the forecast period, driven by increasing natural gas production and the need for gas processing facilities. The growing demand for natural gas as a cleaner source of energy and the increasing use of natural gas in various industrial applications are expected to boost the demand for glycol dehydration units. The Asia Pacific region is expected to be the largest market for glycol dehydration units, driven by the increasing natural gas production in countries such as China, Australia, and Indonesia.
Market Segmentation:
The global glycol dehydration unit market can be segmented based on type, application, and region.
Based on type , the market can be segmented into horizontal glycol dehydration units and vertical glycol dehydration units.
Based on application , the market can be segmented into onshore and offshore applications.
Based on region , the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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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.
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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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
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