New York, NY, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled “Chemical Injection Skids Market Share, Size, Trends, Industry Analysis Report, By Function (Antifoaming, Corrosion Inhibition, Demulsifying, Scale Inhibition, Others); By End-Use, By Region; Segment Forecast, 2023 - 2032” in its research database.
“According to the latest research study, the global chemical injection skids market size & share are expected to generate revenue of USD 2.46 Billion by 2032 and are estimated to be valued at USD 1.76 Billion in 2022, at a compound annual growth rate (CAGR) of 3.4% from 2023 to 2032”
What are Chemical Injection Skids? How Big is Chemical Injection Skids Market Size & Share?
- Overview
Chemical injection skids (CIS) are integrated systems made to inject chemicals into diverse pipelines at the required pressure for the system. In the Oil and Gas industry, this system promises increased production, reduced corrosion, and improved the process. Also, many marine and offshore industries use CIS for various purposes as it has the ability to work continuously or intermittently.
It is basically formulated using different elements such as Chemical Injection Pumps (API 675), Safety Valves (API 520/526), Isolation Valves, Chemical Storage Tanks, Instruments, Piping & Structural frames. The rising prevalence and use of chemical injection skids in wastewater treatment, along with oil & gas sectors worldwide, are one of the key factors driving the chemical injection skids market size. CIS helps to inject accurate amounts of specific chemicals into a system at the required pressure, flow rates, and temperatures which are fueling its demand.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Our Sample Report May Includes:
- 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
- 115+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Requests.
- 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Key Offerings of This Report
- Market size and share assessment for regional and country-level segments.
- Business opportunities, drivers, and success factors.
- Current trends and the future potential of the market.
- Market segment analysis by types, applications, and regions.
- The competitive status of key players within the project timeline.
- Value chain analysis with price analysis and market forecast.
- Region-specific growth and development in the market.
Some of the Top Market Companies Are:
- Milton Roy Company
- AES Arabia
- Lewa GmbH
- Integrated Flow Systems
- Petroserve International
- IDEX Corporation
- Carotek Inc.
- INTECH
- SPX FLOW
- Proserv UK
- SEKO
- Cameron
- McFarland-Tritan
- Hunting Plc
- Proserv Group
- ITC Dosing Pumps
- Cassinox Flow Solutions
- Swelore Engineering
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Market dynamics
- Key Growth Driving Factors
The rising use of chemical injection skids across different industries pushing the market growth
Growing use of chemical injection skids in various end-use sectors, including fertilizer, energy & power, chemical, and many others, is expected to propel the chemical injection skids market sales during the forecast period. Growing investment by both government and private companies to develop more technologically advanced products is anticipated to boost the chemical injection skids industry growth. Various beneficial features offered by modular integrated chemical injection skids, such as space efficiency, faster fabrication, improved safety features, cost-effectiveness, increased applications in hazardous areas, and installation process, are fueling its demand across many sectors.
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Recent Trends Influencing the Market
The integration of chemical injection skids by companies to support the industry expansion
- Many companies are finding these types of skids effective and therefore integrating them into their processes for more efficiencies which are predicted to create highly lucrative opportunities in the chemical injection skids market.
- Several manufacturers of chemical injection skids are focusing on introducing a novel system that meets consumer-specific requirements and design protocols. They also emphasize developing improved 3D modeling and extensive after-sales service & support to extend their footprint and combat the ongoing competition in the market. These factors are majorly positively influencing the demand and adoption of these skids rapidly across the world.
Segmental Analysis
- Corrosion inhibition function segment held the highest chemical injection skids market share
Based on function, the corrosion inhibition function segment dominated the market in 2022 and is expected to maintain its dominance over the forecast period. The corrosion inhibition function has the ability to increase the lifespan of the equipment by up to 250%, which ultimately reduces the overall repairing cost of burning damage. Corrosion inhibition is widely used in applications like cooling tower water treatment, boiler heat transfer surfaces, open recirculating cooling systems, and closed-circuit cooling and heating systems across various end-use sectors, which is estimated to push the market growth in the coming years.
- Oil & gas segment witnessed the largest market share in 2022
On the basis of end-use, the oil & gas segment captured the major revenue share in the chemical injection skids market owing to the increasing use of chemical injection to insert various types of chemicals to enhance separation, decrease foaming, and prevent corrosion. Also, its increasing demand in offshore and onshore activities to boost oil recovery applications is driving the segment growth. Further, the surge in the number of investments by governments in oil & gas sector development in various nations worldwide is likely to accelerate the segmental expansion.
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Chemical Injection Skids Market: Report Scope & Trends
| Report Attribute | Details |
| Revenue forecast in 2032 | USD 2.46 Billion |
| Market size value in 2023 | USD 1.82 Billion |
| Expected CAGR Growth | 3.4% from 2023 – 2032 |
| Base Year | 2022 |
| Forecast Year | 2023 – 2032 |
| Top Market Players | Milton Roy Company, AES Arabia Ltd., Lewa GmbH, Integrated Flow Systems LLC, Petroserve International, IDEX Corporation, Carotek Inc., INTECH, SPX FLOW Inc., Proserv UK Ltd., SEKO S.p.A., Cameron, McFarland-Tritan LLC, Hunting Plc, Proserv Group Inc., ITC Dosing Pumps, Cassinox Flow Solutions, and Swelore Engineering |
| Segments Covered | By Function, By End-Use, By Region |
| Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Geographic Overview
- The chemical injection skids market demand in Asia Pacific is likely to register a significant growth
In terms of geography, the Asia Pacific region is expected to grow at the fastest rate throughout the foreseen period due to the rising growth of various end-use industries like energy & power and oil & gas coupled with high consumption of oil & gas and the availability of large refinery capacity. Additionally, an increasing number of water treatment and power projects in nations like China, India, and Indonesia are projected to augment the market growth in the region.
Moreover, North America held a high revenue share in 2022 and is anticipated to retain its dominance over the anticipated period. This growth can be attributed to the increased penetration of water quality inspections and guidelines as well as the rising number of favorable initiatives imposed by the government.
Browse the Detail Report “Chemical Injection Skids Market Share, Size, Trends, Industry Analysis Report, By Function (Antifoaming, Corrosion Inhibition, Demulsifying, Scale Inhibition, Others); By End-Use, By Region; Segment Forecast, 2023 - 2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/chemical-injection-skids-market
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Recent Developments
- In August 2021, Ingersoll Rand announced the acquisition of Maximus Solutions with an enterprise value of around USD 100 million. With this acquisition, the company is expected to transform its precision and science technologies by using Ingersoll Rand Execution Excellence as a catalyst.
Frequently Asked Questions
- Who are the crucial companies operating the market?
- What are the major industry norms influencing the development of the industry?
- Which is the most propelling country in the industry?
- Which application or product type will obtain progressive development possibilities during the forecast period?
- What is the expected growth rate of the market during the foreseen period?
- What are the key strategies adopted by companies in the impact market?
- What are the main findings of Porter’s five forces analysis and the SWOT analysis of the major companies in the market?
Polaris Market Research has segmented the chemical injection skids market report based on function, end-use, and region:
By Function Outlook
- Antifoaming
- Corrosion Inhibition
- Demulsifying
- Scale Inhibition
- Others
By End-Use Outlook
- Oil & Gas
- Energy & Power
- Fertilizer
- Chemical & Petrochemical
- Water Supply & Water Treatment
- Others
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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