Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Chemical Injection Skids Market size was over USD 1.92 billion in 2024 and is projected to reach USD 3.12 billion by 2037, witnessing around 3.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of chemical injection skids is assessed at USD 1.98 billion.
This market growth is poised to be dominated by growing demand for oil & gas. According to projections, the global need for crude oil globally was over 98 million barrels per day in 2022 and will likely grow to approximately 100 million barrels per day in 2023. Hence, the demand for chemical injection skids is estimated to rise.
Moreover, manufacturers have the chance to satisfy the growing need for chemical injection skids that are specially made to fit the needs of end users. This need may be met through the development of inventive and adaptable skids that are capable of handling a range of chemicals and functions in many environments. As a result, the market revenue for chemical injection skids is poised to rise over the coming years.
Chemical Injection Skids Sector: Growth Drivers and Challenges
Growth Drivers
- Growing need for chemical injection skids in water treatment - There has been a surging need for clean water all across the world. It is estimated that by 2030, the demand for clean water across the globe will outstrip by approximately 39%. However, the availability of fresh water is declining.
Furthermore, one of the biggest obstacles to sustainable development today is the increasing scarcity of potable water. As people's living standards rise, their diets alter, and the effects of climate change worsen, this dilemma will become more urgent. As a result, the demand for water treatment is growing which is further boosting the demand for chemical injection skids is set to rise. - Rising use of IoT in chemical injection skids - Chemical injection skids are increasingly utilizing cutting-edge technologies including the Internet of Things. This solution increases operational efficiency and decreases manual intervention by enabling real-time chemical injection process monitoring, control, and remote management.
- Surge in development of the chemical industry - Chemical injection skid demand is expected to be driven by the continued expansion of industrial activities, especially in the chemical industry. The effective chemical dosing, corrosion inhibition, and scale prevention made possible by these skids are essential for preserving the integrity of pipelines and equipment.
Furthermore, in this industry, strict laws pertaining to worker safety and environmental protection are being enforced by governments and regulatory agencies globally. Chemical injection skids ensure regulated chemical dosing, minimize hazardous material release, and lessen the environmental effect of industrial processes-all of which assist industries in adhering to these standards.
Challenges
- Difficulty in monitoring chemical control inventory - When choosing chemical feed skid components for the oil and gas industry, facilities and chemical skid manufacturers need to consider several considerations. It might be difficult to supply chemicals safely and dependably because of the demanding atmosphere in the business. Chemical feed skids must be constructed with the right tools and add-ons to guarantee precise operation and system integrity. Chemical inventory is managed by level monitoring, which also establishes when tank refilling is necessary. The tanks mustn't empty or overflow even if chemical metering pumps frequently provide the exact measurement. As a result, the issue may prevent market expansion.
- Lack of initial investment is expected to hamper the market expansion during the upcoming period
- Rising competition among key players is assumed to restrict market growth in the projected period
Chemical Injection Skids Market: Key Insights
| Report Attribute | Details |
|---|---|
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Base Year |
2024 |
|
Forecast Year |
2025-2037 |
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CAGR |
3.8% |
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Base Year Market Size (2024) |
USD 1.92 billion |
|
Forecast Year Market Size (2037) |
USD 3.12 billion |
|
Regional Scope |
|
Chemical Injection Skids Segmentation
Function (Antifoaming, Corrosion Inhibition, Demulsifying, Scale Inhibition)
Based on function, the corrosion inhibition segment is anticipated to dominate chemical injection skids market share registering a share of 40% over the forecast years. When a metal is exposed to a certain environment, such as air or water, a corrosion inhibitor is a chemical solution that is used to decrease the rate of corrosion. Anodic, cathodic, and mixed inhibitors are the three categories into which corrosion inhibitors fall. In addition, the environment is endangered by the chemicals emitted during the corrosion process.
Furthermore, about 11% of all instances involving pipe leaks and connection damage are caused by internal corrosion. On the other hand, roughly 7% of pipe breakage instances are caused by exterior corrosion. As a result, the segment is projected to observe growth hence further influencing the market expansion.
End-Use (Oil & Gas, Energy & Power, Fertilizer, Chemical & Petrochemical, Water Supply & Water Treatment, Pharmaceutical)
In terms of end use, the oil & gas segment is predicted to account for 30% share of the global chemical injection skids market by 2037. A comprehensive chemical injection system consists of several parts that work together to maximize production in the oil and gas sector. Onshore and offshore, chemical injection systems can be used for a range of enhanced oil recovery applications.
Viscosity increases are injected by these chemical injection packages to enhance a reservoir's sweep and increase oil and gas recovery productivity. Therefore, the market for chemical injection skids is undoubtedly benefiting from the oil and gas industry's explosive rise.
Our in-depth analysis of the global chemical injection skids market includes the following segments:
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Function |
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End-Use |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Chemical Injection Skids Industry - Regional Synopsis
North American Market Statistics
The North American chemical injection skids market is predicted to gain a revenue share of over 35% during the forecast period. This growth of the market in this region is set to be dominated by rising spending on healthcare. The amount that was spent on health care in the United States went up 4.1% in 2022 to USD 4.5 trillion, or USD 13,493 per person. Health spending represented 17.3 percent of the country's Gross Domestic Product.
Hence, the increased demand for chemical injection skids may be positively driven by the necessity for water quality regulations and inspections, which is indicated by the rising costs associated with healthcare.
APAC Market Analysis
Asia Pacific region is anticipated to observe substantial growth through 2037. The major element influencing the market expansion in this region is the rising growth in the energy & power industry. Asia-Pacific's market was formerly led by China and Japan, however, during the projection period; India is anticipated to see robust expansion. Furthermore, the production of chemicals is also surging in this region which is also giving scope for the market to rise.
Companies Dominating the Chemical Injection Skids Landscape
- Euro Mechanical
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Ingersoll Rand
- AES Arabia Ltd.
- Petronash
- Lewa GmbH
- SPX FLOW Inc.
- IntechOpen
- Carotek Inc.
- IDEX Corporation
- PetroServe International
Recent Developments
- Euro Mechanical has announced the release of its new Chemical Injection Skid Package. Because of its modular architecture, the skid package can be customized to meet a wide range of project needs, including those for mobile and fixed installations.
- Ingersoll Rand Inc., a global supplier of industrial and mission-critical flow creation solutions declared the acquisition of Maximus Solutions was finalised in an all-cash deal. Maximus Solutions will become a part of the Precision and Science Technologies sector by using Ingersoll Rand Execution Excellence (IRX) as a catalyst to facilitate a quick transaction.
- Report ID: 5838
- Published Date: Nov 08, 2024
- Report Format: PDF, PPT
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