Global Flare Gas Recovery System Market is Estimated at a Record USD 5 Billion by the End of 2030 | Infinium Global Research

Infinium Global Research unveils an extensive report that offers profound insights into segments and sub-segments within the Global Flare Gas Recovery System Market. The study presents a comprehensive analysis of the market's drivers, restraints, and macro indicators, providing detailed forecasts and dollar values.

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Market Insight:

The global flare gas recovery system market, valued at over USD 2.5 billion in 2022, is anticipated to soar to more than USD 5 billion by 2030, registering a robust CAGR of over 9% during the forecast period from 2023 to 2030.

The Flare Gas Recovery Unit (FGRU) emerges as a pivotal tool, delivering myriad benefits including reduced fuel consumption, minimized emissions, prolonged flare tip lifespan, and significant cost savings in oil production and refinery plants. This system curtails flare gas burning and venting, converting it into usable fuel while simultaneously enhancing plant sustainability and decreasing environmental impact. By transforming flare gas into a usable energy source, the FGRU becomes instrumental in reducing the energy costs required for refining operations.

Market Dynamics:

The market growth for flare gas recovery systems is propelled by heightened environmental awareness, stringent regulations, and the potential profitability from recovered gas. Challenges, including low technology awareness in underdeveloped regions and emerging economies, as well as a lack of stringent government regulations, might hinder growth. Additionally, strict government carbon emission rules and high installation and maintenance costs pose considerations. Nevertheless, power generation applications in the oil and gas industry are poised to drive demand and innovation in the flare gas recovery system.

Regional Analysis:

The MENA region, being a major hub for oil and gas production, has witnessed significant growth in flare gas recovery systems due to increased environmental consciousness and competitiveness in the sector. Despite challenges related to specialized equipment and high import rates, the demand for these systems remains robust. North America and Europe are expected to witness rapid growth in the flare gas recovery system market, fueled by increasing demands from energy, power, chemicals, and petrochemical industries.

Segments Covered:

The report segments the global flare gas recovery system market based on capacity (small, medium, large, very large) and application (upstream, downstream, online channels, others).

Companies Profiled:

Key market players such as ZEECO, John Zink Hamworthy Combustion, UOP LLC, and others are extensively profiled, providing insights into their contributions shaping the evolving flare gas recovery system market.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Flare Gas Recovery System Market Highlights

2.2. Flare Gas Recovery System Market Projection

2.3. Flare Gas Recovery System Market Regional Highlights

Chapter 3. Global Flare Gas Recovery System Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter`s Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Capacity

3.4.2. IGR-Growth Matrix Analysis by Application

3.4.3. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Analysis of Flare Gas Recovery System Market

Chapter 4. Flare Gas Recovery System Market Macro Indicator Analysis

Chapter 5. Company Profiles and Competitive Landscape

5.1. Competitive Landscape in the Global Flare Gas Recovery System Market

5.2. Companies Profiles

5.2.1. ZEECO

5.2.2. John Zink Hamworthy Combustion

5.2.3. MAPRO International

5.2.4. UOP LLC

5.2.5. MoviTherm

5.2.6. Transvac Systems Limited

5.2.7. Aerzener

5.2.8. Gardner Denver

5.2.9. Wärtsilä

5.2.10. MAN Energy Solutions

Chapter 6. Global Flare Gas Recovery System Market by Capacity

6.1. Small

6.2. Medium

6.3. Large

6.4. Very Large

Chapter 7. Global Flare Gas Recovery System Market by Application

7.1. Upstream

7.2. Downstream

7.3. Online Channels

7.4. Others

Chapter 8. Global Flare Gas Recovery System Market by Region 2023-2030

8.1. North America

8.1.1. North America Flare Gas Recovery System Market by Capacity

8.1.2. North America Flare Gas Recovery System Market by Application

8.1.3. North America Flare Gas Recovery System Market by Country

8.1.3.1. The U.S. Flare Gas Recovery System Market

8.1.3.1.1. The U.S. Flare Gas Recovery System Market by Capacity

8.1.3.1.2. The U.S. Flare Gas Recovery System Market by Application

8.1.3.2. Canada Flare Gas Recovery System Market

8.1.3.2.1. Canada Flare Gas Recovery System Market by Capacity

8.1.3.2.2. Canada Flare Gas Recovery System Market by Application

8.1.3.3. Mexico Flare Gas Recovery System Market

8.1.3.3.1. Mexico Flare Gas Recovery System Market by Capacity

8.1.3.3.2. Mexico Flare Gas Recovery System Market by Application

8.2. Europe

8.2.1. Europe Flare Gas Recovery System Market by Capacity

8.2.2. Europe Flare Gas Recovery System Market by Application

8.2.3. Europe Flare Gas Recovery System Market by Country

8.2.3.1. Germany Flare Gas Recovery System Market

8.2.3.1.1. Germany Flare Gas Recovery System Market by Capacity

8.2.3.1.2. Germany Flare Gas Recovery System Market by Application

8.2.3.2. United Kingdom Flare Gas Recovery System Market

8.2.3.2.1. United Kingdom Flare Gas Recovery System Market by Capacity

8.2.3.2.2. United Kingdom Flare Gas Recovery System Market by Application

8.2.3.3. France Flare Gas Recovery System Market

8.2.3.3.1. France Flare Gas Recovery System Market by Capacity

8.2.3.3.2. France Flare Gas Recovery System Market by Application

8.2.3.4. Italy Flare Gas Recovery System Market

8.2.3.4.1. Italy Flare Gas Recovery System Market by Capacity

8.2.3.4.2. Italy Flare Gas Recovery System Market by Application

8.2.3.5. Rest of Europe Flare Gas Recovery System Market

8.2.3.5.1. Rest of Europe Flare Gas Recovery System Market by Capacity

8.2.3.5.2. Rest of Europe Flare Gas Recovery System Market by Application

8.3. Asia Pacific

8.3.1. Asia Pacific Flare Gas Recovery System Market by Capacity

8.3.2. Asia Pacific Flare Gas Recovery System Market by Application

8.3.3. Asia Pacific Flare Gas Recovery System Market by Country

8.3.3.1. China Flare Gas Recovery System Market

8.3.3.1.1. China Flare Gas Recovery System Market by Capacity

8.3.3.1.2. China Flare Gas Recovery System Market by Application

8.3.3.2. Japan Flare Gas Recovery System Market

8.3.3.2.1. Japan Flare Gas Recovery System Market by Capacity

8.3.3.2.2. Japan Flare Gas Recovery System Market by Application

8.3.3.3. India Flare Gas Recovery System Market

8.3.3.3.1. India Flare Gas Recovery System Market by Capacity

8.3.3.3.2. India Flare Gas Recovery System Market by Application

8.3.3.4. South Korea Flare Gas Recovery System Market

8.3.3.4.1. South Korea Flare Gas Recovery System Market by Capacity

8.3.3.4.2. South Korea Flare Gas Recovery System Market by Application

8.3.3.5. Australia Flare Gas Recovery System Market

8.3.3.5.1. Australia Flare Gas Recovery System Market by Capacity

8.3.3.5.2. Australia Flare Gas Recovery System Market by Application

8.3.3.6. Rest of Asia-Pacific Flare Gas Recovery System Market

8.3.3.6.1. Rest of Asia-Pacific Flare Gas Recovery System Market by Capacity

8.3.3.6.2. Rest of Asia-Pacific Flare Gas Recovery System Market by Application

8.4. RoW

8.4.1. RoW Flare Gas Recovery System Market by Capacity

8.4.2. RoW Flare Gas Recovery System Market by Application

8.4.3. RoW Flare Gas Recovery System Market by Sub-region

8.4.3.1. Latin America Flare Gas Recovery System Market

8.4.3.1.1. Latin America Flare Gas Recovery System Market by Capacity

8.4.3.1.2. Latin America Flare Gas Recovery System Market by Application

8.4.3.2. Middle East Flare Gas Recovery System Market

8.4.3.2.1. Middle East Flare Gas Recovery System Market by Capacity

8.4.3.2.2. Middle East Flare Gas Recovery System Market by Application

8.4.3.3. Africa Flare Gas Recovery System Market

8.4.3.3.1. Africa Flare Gas Recovery System Market by Capacity

8.4.3.3.2. Africa Flare Gas Recovery System Market by Application

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of flare gas recovery system.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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