High value markets such as Europe and North America are collectively estimated to grow at 12.4% during the forecast period. Emerging economies such as Asia Pacific, South America, Middle East, Africa, and Eurasia are collectively projected to grow at 16.3% during the forecast period, which is 1.3 times when compared to developed markets. Government regulations, environmental pollution concerns, and securing energy supply have been identified as chief drivers for their increasing uptake in the market. Some of the inhibiting factors identified in their rapid adoption are low degree of awareness among the end user industries, high capital cost, and elongated design and installation times. Flare gas recovery systems are not a new concept in the market instead have been getting installed at slow pace in the oil and gas facilities. However due to shifting focus towards clean energy production has led to gradual increase in FGRS installations.
These systems are also grouped under categories based on their capacity usually expressed in terms of metric million standard cubic feet per day (mmscfd). In terms of number of installations, small capacity FGRS command largest share in the market.
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In this study, we analyze the flare gas recovery systems market from 2014-2020. We focus on:
Market size and forecast, 2012-2020
Key drivers and developments in flare gas recovery system
Key Trends and Developments of flare gas recovery system
Key macro-economic indicators and governing factors
Key Geographies/ Countries Covered
North America, Europe, Eurasia, Asia Pacific, South America, Middle East, Africa
Other Key Topics
Natural gas production, policies and regulations, carbon emission, top flaring countries
Examples of key CompaniesCovered
Zeeco, John Zink Hamworthy Combustion, MPR Industries, and UOP Honeywell
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