Global Flare Gas Recovery System Market Size & Share, Growth, Trends and Forecast 2017 - 2025

" Global Flare Gas Recovery System Market Size & Share, Growth, Trends and Forecast 2017 - 2025" is the latest addition to MarketResearchReports.Biz industry research reports collection.

The objectives of this study are as follows:

To define, describe, and forecast the "Flare Gas Recovery System" market by type, application, component, delivery model, end user, and region

To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)

To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market

To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)

To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

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Rise in population and improvement in standard of living, especially in developing countries, have increased the level of greenhouse gas emission in recent years. To meet the ever-increasing oil and gas demand has led to enormous quantities of co-produced gas flared as a waste by-product and large supplies of gas have emerged.

Globally, final product costs of refinery operations are becoming more dependent on processing fuel costs. Initially, waste and surplus gas from the oil & gas industry would be disposed of by flaring to atmosphere; however, these days, this process is becoming unacceptable, as the industry advances toward eliminating the emission of greenhouse gases into the atmosphere, while conserving energy. Demand for equipment that can securely and economically compress waste and surplus gas back into the production process is rapidly increasing.

Flares are combustion devices intended to safely and efficiently destroy waste gases generated in a plant. They are primarily the safety devices that prevent the release of unburned gas into atmosphere. These gases could burn or even explode by an ignition source outside the plant. Flare gas recovery is the process of recovering waste gases.

Increase in power generation applications is an important factor driving the demand for flare gas recovery systems. This is followed by the rising concerns and awareness about the adverse environmental impact of various industrial production processes. The significance of environmental conservation activities is increasing rapidly. This is expected to eventually boost the adoption of flare gas recovery systems. The World Bank Group’s EHS guidelines announced the target of zero flare by 2025 end. Furthermore, large number of natural gas and oil companies are increasingly seeking implementation of flare gas recovery systems to achieve the maximum energy usage. Developing countries are anticipated to register accelerated adoption of flare gas recovery systems in order to meet the emission targets.

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Based on the opportunity the market for flare gas recovery system manufacturers are exploiting and providing flare gas recovery system packages including installation, aftermarket, and post-sales service.

Based on capacity, the global flare gas recovery system market can be classified into small, medium, large, and very large. Status of these segments is likely to depend on various factors such as on-shore or off-shore installation, budget, requirement of recovery, and design and installation complexities. The small and medium capacity segments have been dominating the market since the last few years. However, large and very large capacity segments are anticipated to dominate the market during the forecast period. This growth can be ascribed to the increase in preference of large capacity systems by producers.

In terms of geography, the global flare gas recovery systems market can be divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America and Europe are estimated to remain prominent region of the market during the forecast period. The market in Europe is projected to contract due to lower natural gas production and saturated market conditions compared to that in other regions.

Major companies operating in the flare gas recovery system market include John Zink Hamworthy Combustion, Gardner Denver Nash LLC, Wartsilia, Honeywell International Inc., Zeeco Inc., Movitherm, Transvac Systems Ltd, and Aerzener Maschinenfabrik GmbH.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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