Chemical Injection Skids Market Trends

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