Vapor pressure is the pressure exerted by the vapor in a system in equilibrium with its solid or liquid phase at a specific temperature. The vapor pressure of any material is a function of temperature. As the temperature increases, the vapor pressure increases. Water at the sea level boils at the temperature of 100 degree Celsius which means that at 100 degrees C, water has a vapor pressure of 100kPa. The vapor pressure analyzer is a device which is used to measure the pressure or eventually the measurement of fuel volatility of liquids, solids, and oils.
The vapor pressure analyzer should have ease of use and should be versatile in operations so that it is capable of testing or analyzing samples across a broad range of temperature. The vapor pressure analyzer consists of a piston which is used for the measurement of the pressure with the piston expansion principle. Additionally, laser technology is also used to ensure greater accuracy in the measurement of the pressure. The sample flows into the piston based measuring cell through solenoid valves. The required measurement temperature is maintained within the cell with the help of a resistance thermometer. A small volume of the sample under consideration is held by the piston which is moved to get the desired vapor-liquid ratio. The actual pressure inside the cell is converted into vapor pressure once the state of equilibrium is attained. Recently, there has been a growing trend to analyze the quality of petroleum products online which helps in improving quality control and achieve the desired quality of blending.
The high level of quality and inspection standards across various industries pertaining to petroleum products is the primary driver for the vapor pressure analyzer market. In addition to this, growth in the oil & gas sector and food & beverages industry is also expected to have a positive impact on the vapor pressure analyzer market. With focus on the green revolution, governments of various countries are pushing for the use of liquefied petroleum gas and liquefied natural gas, leading to their growing demand. These fuels are a cleaner source of energy and hence can be used in place of fossil fuels. These fuels must be blended as per the prescribed standards to offer maximum efficiency. Hence, pressure vapor analyzers are extensively used to obtain the required quality of the fuels. This is anticipated to propel the growth of the vapor pressure analyzer market. However, the high cost associated with the vapor pressure analyzer may hamper the growth of the market. Nevertheless, the growth in the demand for petroleum products of high quality is said to drive the market growth upwards.
The vapor pressure analyzer market has been segmented on the basis of type, application, and geography. Based on type, the market has been divided into portable and benchtop. Based on application, the vapor pressure analyzer market has been segregated into liquefied petroleum gas, liquefied natural gas, gasoline and others. As per geography, the vapor pressure analyzer market has been divided into North America, Asia Pacific, Europe, Middle East & Africa, and South America.
Some of the key players in the vapor pressure analyzer market include Koehler Instrument Company, Atac Group, Petrolab Company, MIP Cemtrex, Beckman Coulter, ABB, Surface Measurement Systems, JP3 Measurement, LLC, Hallikainen Instruments, Green Lab Hungary Engineering, and AMETEK, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.