Flare Gas Recovery Systems Market Trends, Share, Size, Growth, Opportunity and Forecast to 2025

Flare Gas Recovery Systems Market

The Flare Gas Recovery Systems Market is a rapidly growing sector of the global energy industry. Flare gas recovery systems are an important technology for the production and capture of flared natural gas, which is produced during the extraction of oil and gas resources.

Flare gas recovery systems have been used to reduce environmental impacts such as air pollution caused by flaring and to reclaim large amounts of valuable natural gas that would otherwise be lost.

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This report provides an in-depth analysis and assessment of the Flare Gas Recovery Systems Market, examining its historical growth, current trends, opportunities, and future prospects. It will begin by providing an overview of flare gas recovery systems and their various applications in the energy industry.

It will then discuss economic drivers for investment in flare gas recovery systems, such as increasing demand for oil & gas resources due to population growth, market competition from renewable energy sources, and changing regulatory policies around emissions reduction goals. This section will also analyze how emission control technologies such as carbon capture storage (CCS) can play a role in enhancing Flare Gas Recovery Systems' economics.

Flare Gas Recovery Systems Market Key Companies-

• Zeeco
• John Zink Hamworthy Combustion
• MPR Industries
• UOP Honeywell
• Others

The most prominent factor identified to drive consumption of flare gas recovery systems is surging usage by various end-use industries for captive or co-generation of power. This will continue to propel the demand in near future.

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Increasing environmental concerns about energy utilization and carbon emissions during natural gas production processes are also considered to be the key factor likely to impact positively on the global FGRS market condition. Several environmental organizational guidelines regarding the same will continue to support the market as well.

A number of leading manufacturers will remain major consumers of FGRS for re-injection into production wells, boosting the market growth throughout the forecast period. Increasing implementation of FGRS by leading oil and natural gas companies for the optimum energy-efficiency, will also support the market growth.

This corporate social responsibility is expected to strongly influence the demand for FGRS by 2020 end. Adoption in developing countries will witness an uptake during 2015-2020, as producers based in emerging markets are increasingly focusing on carbon emission mitigation.

Relatively lower awareness about the advantages of FGRS implementation may however affect the adoption, Moreover, higher initial costs and time consuming installation process are anticipated to hamper the market growth in the long run.

Based on capacity, the market will witness a shift from small and medium capacity FGRS to large and very large capacity FGRS over the forecast period. Large capacity systems segment is projected for around 12.2% CAGR, whereas very large capacity systems segment is estimated to expand at a CAGR of over 15%.

These two segments are predicted to collectively account for over 73% share by value.

By component, compressors segment will continue to attract the maximum revenues to the global market for flare gas recovery systems. Owing to increased sales of liquid ring compressors, due to high performance and low maintenance, the compressors segment is foreseen to generate major revenues by 2020 end.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
Flare Gas Recovery Systems Market Manufacturers
Flare Gas Recovery Systems Market Distributors/Traders/Wholesalers
Flare Gas Recovery Systems Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?

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