Global Chemical Injection Skids Market Size 2024, Forecast To 2033
11 Mar, 2024
The chemical injection skids market has experienced steady growth, climbing from $2.28 billion in 2023 to $2.35 billion in 2024, with a compound annual growth rate (CAGR) of 3.0%. This growth in the historical period is attributed to the expanding chemicals industry, growth in emerging markets, and rapid industrialization. Forecasts suggest steady growth, with the market expected to reach $2.69 billion in 2028, boasting a compound annual growth rate (CAGR) of 3.5%. This expansion is driven by government support, the growing petrochemical industry, and rising urbanization. Major trends in the forecast period include innovative product developments to enhance injection skid performance, real-time chemical automation, investments in chemical testing analysis methods, integration of the Internet of Things (IoT) and data analytics in chemical injection skids, strategic partnerships and collaborations among market players, and the development of technologically advanced products such as chemical skids for high-pressure applications.
Global Chemical Injection Skids Market Key Driver
The expanding chemical industry is expected to fuel the growth of the chemical injection skids market in the coming years. The chemical industry, encompassing the large-scale production and processing of chemicals, stands to benefit from the advantages offered by chemical injection skids. These skids provide a controlled and automated solution for injecting chemicals into various industrial processes. Noteworthy statistics from the American Chemistry Council indicate a 1.4% increase in chemical volumes in the United States in 2021 and a further 3.2% increase in 2022. Additionally, the government of India reports substantial growth in the country's chemical sector, with an 18-23% revenue increase in FY2022 and a predicted expansion to USD 304 billion by 2025, boasting an annual growth rate of 9.3%. Thus, the growing chemical industry is a pivotal factor driving the growth of the chemical injection skids market, with market sizes in 2023, 2024, and 2028 playing a crucial role in shaping its progression.
Get A Free Sample Of The Global Chemical Injection Skids Market ReportGlobal Chemical Injection Skids Market Segments
The chemical injection skids market covered in this report is segmented –
1) By Function: Antifoaming, Corrosion Inhibition, Demulsifying, Scale Inhibition, Other Functions
2) By End-User: Oil And Gas, Energy And Power, Fertilizer, Chemical And Petrochemical, Water Supply, Water Treatment, Other End Users
By Geography:The regions covered in the chemical injection skids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the chemical injection skids market in 2023. The regions covered in the chemical injection skids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Chemical Injection Skids Industry Players
ChampionX Corporation, Petronash Holdings, INTECH Process Automation, Lewa GmbH, AES Arabia Ltd,AFP, Petrak Industries, Controval Gallery, Habu Technology, Dencil Fluidtek Systems Pvt Ltd, Depamu, Excel Engineering Systems, Sustisak Enterprise Ltd, Ultrajet Industrial Cleaning Systems Pvt. Ltd, Bliss Anand Pvt. Ltd, Tederic, Wingoil, Hebei Focus Piping Co., Ltd, Santacc, Proserpol, ProMinent France, Socomate International, LEWA GmbH, Milton Roy Europe GmbH, Sistemas de Inyección de Productos Químicos, S.L, Fluidra S.A., Idrochemical S.r.l, Fluid Global Solutions S.r.l, HNP Mikrosysteme AG, Milton Roy UK Ltd, PromTechKomplekt, Lobbe Russia, ChemInject, Elika Engineering, Polimatech, Metron SRL, HIMAT, Eko-Projekt, ENAPAG, POLINDO, Doseuro Czech s.r.o, Technolog, Proma Machinery, Czech Engineering Group, Hydro Systems Company, Pulsafeeder, Chemical Injection Technologies, Inc, Chemical Metering Pumps Canada, TransChem, Clean Harbors, Grupo DEISA, SMAQUA, Propemsa, Tecval Equipamentos Industriais, Dosebras Dosagem Industrial, BRAGNOLI, Hidraujac Indústria de Bombas, Euro Mechanical, Mefab, Smartcorr, Intech, Kamat, AGI Packaged Pump Systems
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Chemical Injection Skids Market Overview
Chemical injection skids refer to equipment with piping arrangements used to inject chemicals into various systems. These are corrosion-resistant, cost-effective, provide greater safety, and ensure reduced downtime at the worksite.
Chemical Injection Skids Global Market Report 2023 provides data on the global chemical injection skids market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The chemical injection skids market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.