Flare Gas Recovery Systems Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: November 1, 2020 |

The global flare gas recovery systems market size was accounted for around USD 2 billion in 2020 and projected to grow at the CAGR of 13.1% market during 2020-2027. Tightening environmental regulations to be the key drivers for global flare gas recovery systems. Growing environmental concerns over the emission of greenhouse gases among the nations across the globe resulting in the adoption of stringent regulations. Thus, regulatory directives to reduce the emission of H2S flaring and smoke influencing the end-use industries to adopt the flare gas recovery systems. Additionally, the increasing application of flare gas in increasing reservoir pressure in the exploration and production of shale gas and the conventional matured reservoir is anticipated to propel the demand for flare gas recovery systems. Besides this, flare gas is also used as fuel for captive power generation in various end-use industries which subsequently reduce the overall operational cost apart from helping industries to comply with environmental regulations. Thereby, increasing the demand for the flare gas recovery systems over the forecast period.

Market Insights:

Flare gas recovery system market is projected to gain impulse with tightening laws for the emission of greenhouse gases owing to rising environmental concerns across the globe. Increasing commitment and agreement among the nations at Paris climate Change conference and revised targets for the major economies to reduce the emission of greenhouse gases projected to drive the adoption of flare gas recovery systems over the forecast period. Further, growing awareness among end-use industries to utilize flare as fuel and application in oil & gas reserves to increase the pressure of the reservoir making the operation more efficient projected to propel the demand for flare gas recovery system over the forecast period. Besides this, the commercialization of flare gas earns additional revenue to the end-use industries which is another driving the adoption of the flare gas recovery systems. However, high cost of installation of flare gas recovery systems to remain the key challenge restrain the demand for flare gas recovery systems over the forecast period.

North America is estimated to be the largest market for the flare gas recovery system in 2019 and anticipated to continue its dominance over the forecast period. The increasing adoption of flare gas recovery systems owing to stringent regulation over the emission of flare gas coupled with increasing production of shale gas in the region is projected to drive the demand for flare gas recovery systems over the forecast period. Europe is anticipated to be the second-largest market for flare gas recovery systems. Tightening emission standards by the European Union is anticipated to propel the adoption of flare gas recovery systems in the region during the forecast period. Key players in the market are investing in research and development for the new product development and to reduce the initial installation cost of flare gas recovery systems to increase adoption of flare gas recovery systems.

Market Segment Insights:

The global Flare gas recovery systems market for the purpose of this study is studied for capacity and component. Small, medium, large and very large are the prime flare gas recovery systems capacities considered in the capacity segmentation. On the other hand, compressors, heat exchangers, gaskets, and separators are the key components of flare gas recovery systems.

Global Flare Gas Recovery System Market Segmentation:

By Capacity, 2018–2027 ($ Million)

  • Small
  • Medium
  • Large
  • Very Large

By Application, 2018–2027 ($ Million)

  • Compressors
  • Heat Exchangers
  • Gaskets
  • Separators

By Geography, 2018-2027 ($ Million)

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Regional Insights:

For the purpose of this study, the global Flare gas recovery systems market is regionally categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa markets. These regional markets are further sub-segmented into top country-level markets that majorly determine the regional industry trends. Among the considered regional markets, North America is estimated to be the largest market for flare gas recovery systems. Strict regulation over the emission of flare gas along with increasing production of shale gas in the region is projected to drive the demand for flare gas recovery systems in the region over the forecast period.

Market Competition Assessment:

The major players currently operating in the global flare gas recovery systems market are John Zink Hamworthy Combustion, Aereon, Gardner Denver Nash, Gas Technologies LLC., and Others.

List of Key Companies:

  • John Zink Hamworthy Combustion
  • Aereon
  • Gardner Denver Nash
  • Gas Technologies LLC.
  • Highland Power Corp.
  • Honeywell International Inc
  • Movitherm
  • Suzhou Jinhong Gas Co.Ltd
  • Transvac Systems Ltd
  • Wartsila
  • Zeeco

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Key Questions Answered by Flare Gas Recovery System Market Report

  • Global flare gas recovery system market forecasts from 2020-2027
  • Regional flare gas recovery system market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2020-2027 covering 15 major countries from the aforementioned regions
  • Flare Gas Recovery System submarket forecasts from 2020-2027 covering the market by capacity, by application, and geography
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to flare gas recovery system market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level flare gas recovery system markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the flare gas recovery system market

(Reports will be updated due to COVID-19 impacts on the market)

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Table of Content:


1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
2. Executive Summary
2.1. Global Flare Gas Recovery Systems Market Portraiture
2.1.1. Global Flare Gas Recovery Market by Capacity, 2019
2.1.2. Global Flare Gas Recovery Market by Component, 2019
2.1.3. Global Flare Gas Recovery Market by Geography, 2019
2.1.4. Key Players
2.1.5. Drivers, Restraints & Trends
3. Global Flare Gas Recovery Systems Market Dynamics
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Size & Forecast
3.2. Drivers
3.3. Challenges
3.4. Future Prospects
3.5. Impact Analysis of Drivers and Challenges
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power Of Suppliers
3.6.2. Bargaining Power Of Buyers
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Industry Rivalry
4. Global Flare Gas Recovery Systems Market Size (US$ Mn), By Capacity, 2018-2027
4.1. Introduction
4.2. Small
4.3. Medium
4.4. Large
4.5. Very Large
5. Global Flare Gas Recovery Systems Market Size (US$ Mn), By Component, 2018-2027
5.1. Introduction
5.2. Compressors
5.3. Heat Exchangers
5.4. Gaskets
5.5. Separators
6. Global Flare Gas Recovery Systems Market Size (US$ Mn), By Geography, 2018-2027
6.1. Introduction
6.2. North America Flare Gas Recovery Systems Market Analysis, 2018-2027
6.2.1. North America Flare Gas Recovery Systems Market Size (US$ Mn), by Country, 2018-2027
6.2.1.1. U.S.
6.2.1.2. Canada
6.2.2. North America Flare Gas Recovery Systems Market Size (US$ Mn), by Capacity, 2018-2027
6.2.2.1. Small
6.2.2.2. Medium
6.2.2.3. Large
6.2.2.4. Very Large
6.2.3. North America Flare Gas Recovery Systems Market Size (US$ Mn), by Component, 2018-2027
6.2.3.1. Compressors
6.2.3.2. Heat Exchangers
6.2.3.3. Gaskets
6.2.3.4. Separators
6.3. Europe Flare Gas Recovery Systems Market Analysis, 2018-2027
6.3.1. Europe Flare Gas Recovery Systems Market Size (US$ Mn), by Region, 2018-2027
6.3.1.1. U.K.
6.3.1.2. Germany
6.3.1.3. Spain
6.3.1.4. France
6.3.1.5. Russia
6.3.1.6. Rest of Europe
6.3.2. Europe Flare Gas Recovery Systems Market Size (US$ Mn), by Capacity, 2018-2027
6.3.2.1. Small
6.3.2.2. Medium
6.3.2.3. Large
6.3.2.4. Very Large
6.3.3. Europe Flare Gas Recovery Systems Market Size (US$ Mn), by Component, 2018-2027
6.3.3.1. Compressors
6.3.3.2. Heat Exchangers
6.3.3.3. Gaskets
6.3.3.4. Separators
6.4. Asia Pacific Flare Gas Recovery Systems Market Analysis, 2018-2027
6.4.1. Asia Pacific Flare Gas Recovery Systems Market Size (US$ Mn), by Country, 2018-2027
6.4.1.1. China
6.4.1.2. India
6.4.1.3. Japan
6.4.1.4. South Korea
6.4.1.5. Australia
6.4.1.6. Rest of Asia Pacific
6.4.2. Asia Pacific Flare Gas Recovery Systems Market Size (US$ Mn), by Capacity, 2018-2027
6.4.2.1. Small
6.4.2.2. Medium
6.4.2.3. Large
6.4.2.4. Very Large
6.4.3. Asia Pacific Flare Gas Recovery Systems Market Size (US$ Mn), by Component, 2018-2027
6.4.3.1. Compressors
6.4.3.2. Heat Exchangers
6.4.3.3. Gaskets
6.4.3.4. Separators
6.5. Latin America Flare Gas Recovery Systems Market Analysis, 2018-2027
6.5.1. Latin America Flare Gas Recovery Systems Market Size (US$ Mn), by Country, 2018-2027
6.5.1.1. Brazil
6.5.1.2. Mexico
6.5.1.3. Rest of Latin America
6.5.2. Latin America Flare Gas Recovery Systems Market Size (US$ Mn), by Capacity, 2018-2027
6.5.2.1. Small
6.5.2.2. Medium
6.5.2.3. Large
6.5.2.4. Very Large
6.5.3. Latin America Flare Gas Recovery Systems Market Size (US$ Mn), by Component, 2018-2027
6.5.3.1. Compressors
6.5.3.2. Heat Exchangers
6.5.3.3. Gaskets
6.5.3.4. Separators
6.6. Middle East & Africa (MEA) Flare Gas Recovery SystemsMarket Analysis, 2018-2027
6.6.1. MEA Flare Gas Recovery SystemsMarket Size (US$ Mn), by Region, 2018-2027
6.6.1.1. GCC
6.6.1.2. Rest of MEA
6.6.2. MEA Flare Gas Recovery Systems Market Size (US$ Mn), by Capacity, 2018-2027
6.6.2.1. Small
6.6.2.2. Medium
6.6.2.3. Large
6.6.2.4. Very Large
6.6.3. MEA Flare Gas Recovery Systems Market Size (US$ Mn), by Component, 2018-2027
6.6.3.1. Compressors
6.6.3.2. Heat Exchangers
6.6.3.3. Gaskets
6.6.3.4. Separators
7. Company Profiles
7.1. Competitive Dashboard
7.2. Key Players
7.2.1. JOHN ZINK HAMWORTHY COMBUSTION
7.2.1.1. Business Description
7.2.1.2. Financial Information
7.2.1.3. Product Positions/Portfolio
7.2.1.4. Key Developments
7.2.2. AEREON
7.2.3. Gardner Denver Nash
7.2.4. Gas Technologies LLC.
7.2.5. Highland Power Corp.
7.2.6. HONEYWELL INTERNATIONAL INC
7.2.7. MOVITHERM
7.2.8. Suzhou Jinhong Gas Co.Ltd
7.2.9. Transvac Systems Ltd
7.2.10. Wärtsilä
7.2.11. Zeeco
7.2.12. Other Notable Players
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