Chemical Injection Skids Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

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The Chemical Injection Skids by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Chemical Injection Skids, The chemical injection skids market size has grown steadily in recent years. It will grow from $2.28 billion in 2023 to $2.35 billion in 2024 at a compound annual growth rate (CAGR) of 3.0%. The growth in the historic period can be attributed to the growing chemicals industry, emerging markets growth and the rapid industrialization..

The chemical injection skids market size is expected to see steady growth in the next few years. It will grow to $2.69 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to government support, the growing petrochemical industry and the rising urbanization. Major trends in the forecast period include innovative product developments to improve 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 development of technologically advanced products such as chemical skids for high pressure applications..

The growing chemical industry is expected to people the growth of the chemical injection skids market going forward. The chemical industry is a broad sector that encompasses the production and processing of chemicals on an industrial scale. Chemical injection skids offer numerous benefits to the chemical industry by providing a controlled and automated solution for injecting chemicals into various processes. For instance, according to the American Chemistry Council, Chemical volumes in the United States increased by 1.4% in 2021 and 3.2% in 2022, while shipments increased by 8.1% in 2021 and 8.2% in 2022. Furthermore, according to the government of India, India’s chemical sector (including fertilizers and pharmaceuticals) showcased an 18-23% revenue growth in FY2022 and is predicted to expand to USD 304 billion by 2025, with an annual growth rate of 9.3%. Therefore, the growing chemical industry is driving the growth of the chemical injection skids market.

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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

Product innovations are a key trend gaining popularity in the chemical injection skids market. Major companies operating in chemical injection skids are introducing innovative products to sustain their position in the market. For instance, in January 2022, Everfit Water Filtration Systems, a US-based manufacturer of chemical injection skids, introduced the CI-series chemical injection skid system. These product series provide a turnkey, pre-packaged alternative, that can be pre-set in-house prior to shipping with additional safety measures that help to bridge the gap when designing a water filtration project.

The chemical injection skids market report table of contents includes: