GVR Report cover LPG Vaporizer Market Size, Share & Trends Report

LPG Vaporizer Market Size, Share & Trends Analysis Report By Product (Direct-Fired, Electric, Steam Bath), By Capacity, By End Use, By Region (North America, Europe, Africa), and Segment Forecasts, 2019 - 2025

  • Published Date: Jan 2019
  • Report ID: GVR-2-68038-778-0
  • Number of Pages: 63
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016

Industry Insights

The LPG vaporizer market size in North America, Europe, and Africa was estimated at USD 1.13 billion in 2017. The markets are projected to register a cumulative CAGR of 2.8% during the forecast period. Increasing the use of Liquefied Petroleum Gas (LPG) requiring high-pressure vaporization of the gas is the major driving force for the Liquified Petroleum Gas vaporizer market.

The increasing gas developments have created investment opportunities in many segments of the LPG industry including equipment market, gas distribution, storage, terminal, and marketing. Growth prospect for the vaporizer industry in North America, Europe, and Africa continues to appear promising until the market in developing countries continues to expand. Also, an increasing number of customers are introduced to the gas with the improved infrastructure to distribute the product effectively.

U.S. LPG vaporizer market

This is a technology-driven market and the development of cutting-edge technologies has resulted in significant product penetration across various segments. Increasing vaporization requirements in industrial and commercial sectors have majorly driven the demand for LPG vaporizers.

The market has majorly witnessed significant growth across applications that require high-pressure vaporization of LPG. These applications have higher growth prospects in locations with unfavorable weather conditions, which lead to freeze-ups or frost on gas vessels and reduce efficiency through natural vaporization. Natural vaporization also fails in industrial applications, which require high-pressure LPG phase change. Thus, these are the two most prominent sectors for growth.

There are many uncertainties such as changes in regulatory policies, shifting trade patterns, the impact of price shifts on-demand growth, fluctuations in vaporizer export availability, and the development of new and related markets of LPG, which are anticipated to influence the future of liquefied petroleum gas vaporizer market. With increasing pollution and carbon emission levels in tandem with severe environmental implications, the utilization of LPG for several end-use sectors has witnessed a drift towards the growing usage of natural gas.

Product Insights

Direct-fired LPG vaporizer is the fastest growing product segment on account of several advantages associated with the product. The most significant advantage includes the utilization of liquefied gas as the source of energy. Globally, various consumers have prioritized direct-fired vaporizers over others as it results in 100% of the fuel with lower operating costs and higher fuel conversion. Also, it is easy to transport, produces a high amount of heat even in smaller units, has lower rental and maintenance costs, and is safer for unsupervised use.

Electric vaporizers are the most consumed product in North America. These are indirect-fired vaporizers and make use of an external heating element. The electric LPG vaporizers deliver approximately 80% efficiency and can operate in tightly sealed places as well. The product category also accounts for a significant market share. The product is used in a broad range of applications. The indirect-fired category also includes steam/hot water LPG vaporizers. These make use of hot water from the radiator inside a different chamber within the vaporizer.

Capacity Insights

LPG vaporizers are manufactured in different capacities depending on the end-use and rate of vaporization required. For instance, large-scale industrial applications, such as peak shaving utility plants require high-pressure LPG phase change and thus require higher capacity vaporizers. Different ranges of LPG vaporizer capacities include 40-160 gal/hr, 168-455 gal/hr, 555-1005 gal/hr, and >1000 gal/hr.

The 168-455 gal/hr, category was the most installed capacity range, especially in countries, such as the U.S. These vaporizers are used in both commercial and industrial sectors and thus account for the largest market share.

End-use Insights

LPG vaporizers can be installed in several industries based on vapor pressure requirements. Large and medium scale industrial applications, such as the utilization of liquefied petroleum gas in power generation, peak shaving utility plants, and commercial applications, such as resorts and hotels are the significant application prospects driving the market growth. Large-scale industrial applications require a higher vaporization rate of the liquefied gas and thus primarily make use of high-capacity vaporizers.

North America LPG vaporizer market

The industrial sector is the largest and fastest-growing end-use segment in North America as propane consumption accounted for approximately 78% of this sector in 2017. Some other significant application categories include the agricultural and residential sectors. In agricultural and residential sectors, LPG vaporizers are used for crop drying and heating purposes respectively.

Regional Insights

North America and Europe are two significant markets for LPG vaporizers. These regional markets are majorly driven by the growth of liquefied petroleum gas and related equipment utilization in several industries. Major applications for the North America LPG vaporizer market include industrial, commercial, and residential applications. Also, the region constitutes most of the manufacturing companies which have a global widespread distribution network.

The U.S. emerged as the major contributing country in 2017 and accounted for over 76% of the total market share in North America. In Europe, Italy and the U.K. have significantly contributed to the regional penetration. The Europe Liquified Petroleum Gas vaporizer market is majorly driven by commercial applications including LPG used in hotels, resorts, and restaurants. Europe constitutes more number of distributors as compared to domestic manufacturers.

LPG Vaporizer Market Share Insights

Key industry players compete on different competitive factors including cutting-edge manufacturing technologies, new product development, technological advancements, and abiding by manufacturing & safety codes/policies.

Major manufacturers include Algas-SDI; Standby Systems, Inc.; Ransome Gas Industries, Inc.; and Pegoraro Gas Technologies Srl. There is a high degree of integration by companies such as Algas-SDI and Ransome Gas Industries, Inc. across the manufacturing and distribution channels of the industry value chain. The other companies are working toward strengthening their distribution network within the region as well as outside their regional presence.

Report Scope



The base year for estimation


Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Revenue in USD Million & CAGR from 2018 to 2025

Regional scope

North America, Europe & Africa

Country scope

U.S., Canada, Germany, U.K., Italy

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization

Segments Covered in the Report

This report forecasts volume and revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the North America, Europe, and Africa LPG vaporizer market based on product, capacity, end-use, and region:

  • Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Direct-fired

    • Electric

    • Steam/Water Bath

  • Capacity Outlook (Revenue, USD Million, 2014 - 2025)

    • 40-160 gal/hr

    • 168-455 gal/hr

    • 555-1005 gal/hr

    • >1000 gal/hr

  • End-use Outlook (Revenue, USD Million, 2014 - 2025)

    • Industrial

    • Commercial

    • Agriculture

    • Others

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • Italy

    • Africa

gvr icn


gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

gvr icn


We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

BBB icon D&B icon

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure.