Chemical Injection Skids Market Size & Share, by Function (Antifoaming, Corrosion Inhibition, Demulsifying, Scale Inhibition, Others); End-Use (Oil & Gas, Energy & Power, Fertilizer, Chemical & Petrochemical, Water Supply & Water Treatment, Pharmaceutical) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5838
  • Published Date: Mar 08, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Chemical Injection Skids Market size is expected to reach USD 5 billion by the end of 2036, growing at a CAGR of 4% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of chemical injection skids was USD 2 billion. This growth of the market is poised to be dominated by growing demand for oil & gas. According to projections, the global need for crude oil (including biofuels) 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 function in many environments. As a result, the market revenue for chemical injection skids is poised to rise over the coming years. 


Chemical Injection Skids Market
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Chemical Injection Skids Market: 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. Chemical injection skids are widely used in the water treatment industry to treat impurities in the water, maintain system performance, and guarantee adherence to water quality regulations. Disinfection is one of the most used uses of chemical injection skids in water treatment. To guarantee the safety of drinking and industrial water, chemical injection skids are used to inject chlorine, sodium hypochlorite, ozone, or other disinfectants to destroy bacteria, viruses, and other germs in the water.
  • Rising Use of IoT in Chemical Injection Skids- Chemical injection skids are increasingly utilizing cutting-edge technologies including 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 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

  • Lack of Initial Investment
  • Rising Competition Among Key Players
  • 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 take a number of considerations into consideration. It might be difficult to supply chemicals in a safe and dependable manner 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. It's crucial that the tanks don't empty or overflow even if chemical metering pumps frequently provide the exact measurement. As a result, the issue may prevent chemical injection skids market expansion.

Chemical Injection Skids Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~4%

Base Year Market Size (2023)

~ USD 2 Billion

Forecast Year Market Size (2036)

~ USD 5 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Chemical Injection Skids Segmentation

Function (Antifoaming, Corrosion Inhibition, Demulsifying, Scale Inhibition)

The corrosion inhibition segment is predicted to account for 40% share of the global chemical injection skids market during the forecast period. When a metal is exposed to a certain environment, such 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. Furthermore, one of the most prevalent issues in the energy industry is internal pipe corrosion. No matter what kind of material is utilized for constructing pipes, corrosion eventually occurs. The distribution of some goods, like petroleum and other chemicals, cannot be effectively facilitated by corroded pipes. 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)

The oil & gas segment is predicted to account for 30% share of the global chemical injection skids market during the forecast period. A comprehensive chemical injection system consists of a number of 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 increasers 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 market includes the following segments:

     Function

  • Antifoaming
  • Corrosion Inhibition
  • Demulsifying
  • Scale Inhibition
  • Others

     End-Use

  • Oil & Gas
  • Energy & Power
  • Fertilizer
  • Chemical & Petrochemical
  • Water Supply & Water Treatment
  • Pharmaceutical

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Chemical Injection Skids Industry- Regional Synopsis

North American Market Forecasts

The North America chemical injection skids market is predicted to capture the revenue share of 30% 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. Additionally, it is anticipated that rising refining activity in these nations will increase market demand. More than 20% of the global refining capacity is derived from the United States, Canada, and Mexico, which together make up North America. In this region, the United States possesses almost 80% of the available capacity. 

APAC Market Analysis

The Asia Pacific chemical injection skids market is also estimated to have notable growth in the revenue during the forecast period. The major element influencing the market expansion in this region is the rising growth in the energy & power industry is this region. 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 id chemicals is also surging in this region which is also giving scope for the market to rise. Additionally, the market is also expected to grow over the projected period due to a number of factors, including rising awareness of environmentally friendly wastewater disposal systems, and modernization of existing infrastructure, especially in emerging economies including China, India, and Indonesia.   

Research Nester
Chemical Injection Skids Market size
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Companies Dominating the Chemical Injection Skids Landscape

top-features-companies
    • 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

In-the-news

In The News

  • In response to its clients' changing needs, 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.
  • The acquisition of Maximus Solutions was finalized in an all-cash deal by Ingersoll Rand Inc., a global supplier of industrial and mission-critical flow creation solutions. 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.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5838
  • Published Date: Mar 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing need for chemical injection skids in water treatment, rising use of IoT in chemical injection skids, and surge in development of chemical industry.

The market size of chemical injection skids is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2024-2036.

The major players in the market are Euro Mechanical, Ingersoll Rand, AES Arabia Ltd., Petronash, and others.

The corrosion inhibition segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Chemical Injection Skids Market Report Scope
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