Flare Monitoring Market Key Players, Industry Demand, Overview And Supply Chain Analysis, Forecast To 2026

The Flare Monitoring Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Flare Monitoring market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Flare Monitoring market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Flare Monitoring market.

The flare monitoring market is expected to grow at a CAGR of 8% during the forecast period, 2021 - 2026. 

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Top Leading Companies of Flare Monitoring Market are - ABB Ltd., Siemens AG, FLIR Systems, Honeywell International Inc., Emerson Electric Co., Thermo Fisher Scientific, Zeeco Inc, Ametek Inc., MKS Instruments Inc., Endress+Hauser, Williamson Corporation, Lumasense Technologies Inc., Fluenta, Eaton Hernis Scan Systems, John Zink Company LLC, Oleumtech Corporation, Providence Photonics LLC and others.

Industry News and Updates:

- December 2019 - FLIR Systems Inc. made a strategic investment in Providence Photonics, developers of advanced software used to quantify invisible gas emissions using FLIR Optical Gas Imaging (OGI) cameras.As part of the strategic investment, FLIR will gain exclusive access to certain elements of Providence Photonics intellectual property, while helping to expand FLIR Systems set of offerings to its oil and gas industry customers.

- July 2019 - Fluenta announced its partnership with Techstar.With more than 30 years experience in the oil and gas industry, TechStar will represent Fluenta’s gas measurement technology in the key territories of Texas, New Mexico, Arkansas, Oklahoma, and Kansas.

Key Market Trends:

Oil & Gas Industry to Account for Maximum Share

- The growing strictness from regional, national, and international environmental jurisdictions to reduce emissions of harmful VOCs and other pollutants right from the extraction to production of oil and gas is expected to boost the demand for flare monitoring systems across upstream, i.e., both onshore as well as offshore oil and gas production sites in the near future.
- With the increasing demand for crude oil in different industries such as transportation, industrial activities, and electric power drives the need for more upstream activities which in return will create a demand for flare monitoring market.

Segment by Type:

Optical Flare
X-Ray Flares

Segment by Application:

Refineries
Petrochemical
Onshore Oil & Gas Production Sites

Regional Analysis:

North America To Account for Largest Market Share

- North America dominates global flare monitoring market, backed by growing government regulations to address poisonous and combustible gases coming out from industries.The growth of the market is driven by the growing number of drilling activities and shale gas exploration, coupled with the growing focus on emission reduction from upstream activities.
- Moreover, a strong requirement for the installation of flare monitoring devices imposed by federal, state, and local agencies are further expected to drive the flare monitoring market growth in North America.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Flare Monitoring Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Flare Monitoring Market (%),2016 - 2026
- Flare Monitoring Market Share, By Brand
- Flare Monitoring Market Share, By Company
- Flare Monitoring Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Flare Monitoring Market Value Analysis & Forecast
- Promising Flare Monitoring Development by Major Companies
- Detailed Flare Monitoring Portfolio of the Major Companies
- Major Deals in the Flare Monitoring Market
- Major Companies Analysis

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