Global Flare Gas Recovery System Market : Industry Analysis and Forecast (2019-2027) – by Capacity Systems, by Application, and by Region

Global Flare Gas Recovery System Market size is expected to reach US$ 4.58 Bn by 2027, at a CAGR of 13.23% during the forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Global Flare Gas Recovery System MarketGlobal Flare Gas Recovery System Market Dynamics:

The flare gas recovery system is a process, which is used to burn associated, unwanted or excessive gases and liquids released during normal or unplanned over-pressuring operations like oil-gas extraction, refineries, chemical plants, the coal industry, and landfills. Environmental and economic concerns have increased the usage of gas recovery systems to recover gases from header systems for other usages. The final product costs of refinery operations are becoming proportionally more dependent on processing fuel costs, mainly in the current flare gas recovery system market. There are many economical ways present in the market to achieve flaring minimization and gas conservation in oil and gas refineries. Nowadays, the world is facing global warming as a burning issue. It is caused by increasing CO2, CH4, and other greenhouse gases (GHG) emissions in the atmosphere. The flared gas is very similar in composition to natural gas. It is a cleaner source of energy than commercial fossil fuels. The growing concerns about the scarcity of oil and gas resources are expected to increase the interest in flare gas. Furthermore, power generation applications are an important factor, which is increasing the demand for flare gas recovery systems. Energy demands are increasing as the world's population of energy consumers is growing. Many countries are leading to the decommissioning of nuclear plants to support a cleaner environment that is expected to increase the demand for the flare gas recovery system. On the other hand, the lack of technology in underdeveloped economies and government regulations are expected to restraint the growth of the global flare gas recovery system market.

Global Flare Gas Recovery System Market Segment Analysis:

Downstream Sector is expected to contribute xx% share in the global flare gas recovery system market because of the various governmental restrictions are placed, which demand strict rules for reducing the flare gas emission. The flare gas recovery system delivers an economically viable technique to reduce the flare gas emission from the refineries. Iran and Venezuela are the major emitters of oil downstream flare gas, which are emitting around xx billion cubic feet of flare gas per year. Weak regulation on the businesses to reduce flare gas emission and quality of the oil is expected to increase the demand for the high flare gas emission.

Global Flare Gas Recovery System Market Regional Insights:

The global flare gas recovery system market is expected to grow at a CAGR of 3 % from 2019 to 2027 thanks to the growing number of oil and gas refineries worldwide. Global demand for oil and gas are at their highest peak ever, with dramatic growth in the Asia Pacific, the Middle East & Africa and the Americas. In Europe, despite the Most countries produce low flare gas into the atmosphere, some of the countries like Russia and the United Kingdom are expected to increase the overall flare gas emission from the upstream sector. In 2019, the Russian Federation was the largest emitter of flare gas. The country has increased its gas flared to xx billion cubic meters in 2019 from xx billion cubic meters in 2018. The Asia Pacific flare gas recovery system market is expected to grow at xx% CAGR ad it is expected to be valued at USD xx million by 2027 thanks to developing economies in Asia-Pacific. Developing countries in Asia-Pacific are expected to witness rapid growth in oil and gas industries during the forecast period. The awareness about innovative quality control techniques, economic growth, and increasing interest of foreign investors are factors driving the flare gas recovery system market in the Asia Pacific. In APAC, China was dominating the market, with market size of US$ xx Mn in 2019 and reaching US$ xx Mn by 2027, with a CAGR of xx%. The oil & gas industry in China accounted for US$ xx Mn in 2019 and is expected to grow at a CAGR of xx % over the forecast period 2019-2027, to account for US$ xx Mn. in 2027. The objective of the report is to present a comprehensive analysis of the Global Flare Gas Recovery System Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Flare Gas Recovery System Market dynamics, structure by analyzing the market segments and projects the Global Flare Gas Recovery System Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Flare Gas Recovery System Market make the report investor’s guide.

Global Flare Gas Recovery System Market Scope:

Flare Gas Recovery System Market, By Capacity Systems

• Small • Medium • Large • Very large • Capacity Systems

Global Flare Gas Recovery System Market, By Application

• Upstream • Downstream • Others

Global Flare Gas Recovery System Market, By Region

• North America • Europe • Asia Pacific • Middle East & Africa • South America

Global Flare Gas Recovery System Market Key Players:

• SoEnergy International Inc • Wartsila OyjAbp • Transvac Systems Ltd • John Zink Hamworthy Combustion LLC • Gardner Denver holdings Inc • Honeywell International Inc • Zeeco, Inc • AerzenerMaschinenfabrik GmbH • Man Se
Flare Gas Recovery System Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Flare Gas Recovery System Market 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Flare Gas Recovery System Market Analysis and Forecast 6.1. Flare Gas Recovery System Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Flare Gas Recovery System Market Analysis and Forecast, By Capacity Systems 7.1. Introduction and Definition 7.2. Key Findings 7.3. Flare Gas Recovery System Market Value Share Analysis, By Capacity Systems 7.4. Flare Gas Recovery System Market Size (US$ Bn) Forecast, By Capacity Systems 7.5. Flare Gas Recovery System Market Analysis, By Capacity Systems 7.6. Flare Gas Recovery System Market Attractiveness Analysis, By Capacity Systems 8. Flare Gas Recovery System Market Analysis, by Region 8.1. Flare Gas Recovery System Market Value Share Analysis, by Region 8.2. Flare Gas Recovery System Market Size (US$ Bn) Forecast, by Region 8.3. Flare Gas Recovery System Market Attractiveness Analysis, by Region 9. North America Flare Gas Recovery System Market Analysis 9.1. Key Findings 9.2. North America Flare Gas Recovery System Market Overview 9.3. North America Flare Gas Recovery System Market Value Share Analysis, By Capacity Systems 9.4. North America Flare Gas Recovery System Market Forecast, By Capacity Systems 9.4.1. Small 9.4.2. Medium 9.4.3. Large 9.4.4. Very large 9.4.5. Capacity Systems 9.5. North America Flare Gas Recovery System Market Value Share Analysis, by Country 9.6. North America Flare Gas Recovery System Market Forecast, by Country 9.6.1. U.S. 9.6.2. Canada 9.7. North America Flare Gas Recovery System Market Analysis, by Country 9.8. U.S. Flare Gas Recovery System Market Forecast, By Capacity Systems 9.8.1. Small 9.8.2. Medium 9.8.3. Large 9.8.4. Very large 9.8.5. Capacity Systems 9.9. Canada Flare Gas Recovery System Market Forecast, By Capacity Systems 9.9.1. Small 9.9.2. Medium 9.9.3. Large 9.9.4. Very large 9.9.5. Capacity Systems 9.10. North America Flare Gas Recovery System Market Attractiveness Analysis 9.10.1. By Capacity Systems 9.11. PEST Analysis 9.12. Key Trends 9.13. Key Developments 10. Europe Flare Gas Recovery System Market Analysis 10.1. Key Findings 10.2. Europe Flare Gas Recovery System Market Overview 10.3. Europe Flare Gas Recovery System Market Value Share Analysis, By Capacity Systems 10.4. Europe Flare Gas Recovery System Market Forecast, By Capacity Systems 10.4.1. Small 10.4.2. Medium 10.4.3. Large 10.4.4. Very large 10.4.5. Capacity Systems 10.5. Europe Flare Gas Recovery System Market Value Share Analysis, by Country 10.6. Europe Flare Gas Recovery System Market Forecast, by Country 10.6.1. Germany 10.6.2. U.K. 10.6.3. France 10.6.4. Italy 10.6.5. Spain 10.6.6. Russia 10.6.7. Norway 10.6.8. Rest of Europe 10.7. Europe Flare Gas Recovery System Market Analysis, by Country 10.8. Germany Flare Gas Recovery System Market Forecast, By Capacity Systems 10.8.1. Small 10.8.2. Medium 10.8.3. Large 10.8.4. Very large 10.8.5. Capacity Systems 10.9. U.K. Flare Gas Recovery System Market Forecast, By Capacity Systems 10.9.1. Small 10.9.2. Medium 10.9.3. Large 10.9.4. Very large 10.9.5. Capacity Systems 10.10. France Flare Gas Recovery System Market Forecast, By Capacity Systems 10.10.1. Small 10.10.2. Medium 10.10.3. Large 10.10.4. Very large 10.10.5. Capacity Systems 10.11. Italy Flare Gas Recovery System Market Forecast, By Capacity Systems 10.11.1. Small 10.11.2. Medium 10.11.3. Large 10.11.4. Very large 10.11.5. Capacity Systems 10.12. Spain Flare Gas Recovery System Market Forecast, By Capacity Systems 10.12.1. Small 10.12.2. Medium 10.12.3. Large 10.12.4. Very large 10.12.5. Capacity Systems 10.13. Russia Flare Gas Recovery System Market Forecast, By Capacity Systems 10.13.1. Small 10.13.2. Medium 10.13.3. Large 10.13.4. Very large 10.13.5. Capacity Systems 10.14. Norway Flare Gas Recovery System Market Forecast, By Capacity Systems 10.14.1. Small 10.14.2. Medium 10.14.3. Large 10.14.4. Very large 10.14.5. Capacity Systems 10.15. Rest of Europe Flare Gas Recovery System Market Forecast, By Capacity Systems 10.15.1. Small 10.15.2. Medium 10.15.3. Large 10.15.4. Very large 10.15.5. Capacity Systems 10.16. Europe Flare Gas Recovery System Market Attractiveness Analysis 10.16.1. By Capacity Systems 10.17. PEST Analysis 10.18. Key Trends 10.19. Key Developments 11. Asia Pacific Flare Gas Recovery System Market Analysis 11.1. Key Findings 11.2. Asia Pacific Flare Gas Recovery System Market Overview 11.3. Asia Pacific Flare Gas Recovery System Market Value Share Analysis, By Capacity Systems 11.4. Asia Pacific Flare Gas Recovery System Market Forecast, By Capacity Systems 11.4.1. Small 11.4.2. Medium 11.4.3. Large 11.4.4. Very large 11.4.5. Capacity Systems 11.5. Asia Pacific Flare Gas Recovery System Market Value Share Analysis, by Country 11.6. Asia Pacific Flare Gas Recovery System Market Forecast, by Country 11.6.1. China 11.6.2. India 11.6.3. Japan 11.6.4. South Korea 11.6.5. Australia 11.6.6. Indonesia 11.6.7. Malaysia 11.6.8. Rest of Asia Pacific 11.7. Asia Pacific Flare Gas Recovery System Market Analysis, by Country 11.8. China Flare Gas Recovery System Market Forecast, By Capacity Systems 11.8.1. Small 11.8.2. Medium 11.8.3. Large 11.8.4. Very large 11.8.5. Capacity Systems 11.9. India Flare Gas Recovery System Market Forecast, By Capacity Systems 11.9.1. Small 11.9.2. Medium 11.9.3. Large 11.9.4. Very large 11.9.5. Capacity Systems 11.10. Japan Flare Gas Recovery System Market Forecast, By Capacity Systems 11.10.1. Small 11.10.2. Medium 11.10.3. Large 11.10.4. Very large 11.10.5. Capacity Systems 11.11. South Korea Flare Gas Recovery System Market Forecast, By Capacity Systems 11.11.1. Small 11.11.2. Medium 11.11.3. Large 11.11.4. Very large 11.11.5. Capacity Systems 11.12. Australia Flare Gas Recovery System Market Forecast, By Capacity Systems 11.12.1. Small 11.12.2. Medium 11.12.3. Large 11.12.4. Very large 11.12.5. Capacity Systems 11.13. Indonesia Flare Gas Recovery System Market Forecast, By Capacity Systems 11.13.1. Small 11.13.2. Medium 11.13.3. Large 11.13.4. Very large 11.13.5. Capacity Systems 11.14. Malaysia Flare Gas Recovery System Market Forecast, By Capacity Systems 11.14.1. Small 11.14.2. Medium 11.14.3. Large 11.14.4. Very large 11.14.5. Capacity Systems 11.15. Rest of Asia Pacific Flare Gas Recovery System Market Forecast, By Capacity Systems 11.15.1. Small 11.15.2. Medium 11.15.3. Large 11.15.4. Very large 11.15.5. Capacity Systems 11.16. Asia Pacific Flare Gas Recovery System Market Attractiveness Analysis 11.16.1. By Capacity Systems 11.17. PEST Analysis 11.18. Key Trends 11.19. Key Developments 12. Middle East & Africa Flare Gas Recovery System Market Analysis 12.1. Key Findings 12.2. Middle East & Africa Flare Gas Recovery System Market Overview 12.3. Middle East & Africa Flare Gas Recovery System Market Value Share Analysis, By Capacity Systems 12.4. Middle East & Africa Flare Gas Recovery System Market Forecast, By Capacity Systems 12.4.1. Small 12.4.2. Medium 12.4.3. Large 12.4.4. Very large 12.4.5. Capacity Systems 12.5. Middle East & Africa Flare Gas Recovery System Market Value Share Analysis, by Country 12.6. Middle East & Africa Flare Gas Recovery System Market Forecast, by Country 12.6.1. GCC 12.6.2. South Africa 12.6.3. Rest of Middle East & Africa 12.7. Middle East & Africa Flare Gas Recovery System Market Analysis, by Country 12.8. GCC Flare Gas Recovery System Market Forecast, By Capacity Systems 12.8.1. Small 12.8.2. Medium 12.8.3. Large 12.8.4. Very large 12.8.5. Capacity Systems 12.9. South Africa Flare Gas Recovery System Market Forecast, By Capacity Systems 12.9.1. Small 12.9.2. Medium 12.9.3. Large 12.9.4. Very large 12.9.5. Capacity Systems 12.10. Rest of Middle East & Africa Flare Gas Recovery System Market Forecast, By Capacity Systems 12.10.1. Small 12.10.2. Medium 12.10.3. Large 12.10.4. Very large 12.10.5. Capacity Systems 12.11. Middle East & Africa Flare Gas Recovery System Market Attractiveness Analysis 12.11.1. By Capacity Systems 12.12. PEST Analysis 12.13. Key Trends 12.14. Key Developments 13. South America Flare Gas Recovery System Market Analysis 13.1. Key Findings 13.2. South America Flare Gas Recovery System Market Overview 13.3. South America Flare Gas Recovery System Market Value Share Analysis, By Capacity Systems 13.4. South America Flare Gas Recovery System Market Forecast, By Capacity Systems 13.4.1. Small 13.4.2. Medium 13.4.3. Large 13.4.4. Very large 13.4.5. Capacity Systems 13.5. South America Flare Gas Recovery System Market Value Share Analysis, By End User 13.6. South America Flare Gas Recovery System Market Value Share Analysis, by Country 13.7. South America Flare Gas Recovery System Market Forecast, by Country 13.7.1. Brazil 13.7.2. Mexico 13.7.3. Argentina 13.7.4. Rest of South America 13.8. South America Flare Gas Recovery System Market Analysis, by Country 13.9. Brazil Flare Gas Recovery System Market Forecast, By Capacity Systems 13.9.1. Small 13.9.2. Medium 13.9.3. Large 13.9.4. Very large 13.9.5. Capacity Systems 13.10. Mexico Flare Gas Recovery System Market Forecast, By Capacity Systems 13.10.1. Small 13.10.2. Medium 13.10.3. Large 13.10.4. Very large 13.10.5. Capacity Systems 13.11. Argentina Flare Gas Recovery System Market Forecast, By Capacity Systems 13.11.1. Small 13.11.2. Medium 13.11.3. Large 13.11.4. Very large 13.11.5. Capacity Systems 13.12. Rest of South America Flare Gas Recovery System Market Forecast, By Capacity Systems 13.12.1. Small 13.12.2. Medium 13.12.3. Large 13.12.4. Very large 13.12.5. Capacity Systems 13.13. South America Flare Gas Recovery System Market Attractiveness Analysis 13.13.1. By Capacity Systems 13.14. PEST Analysis 13.15. Key Trends 13.16. Key Developments 14. Company Profiles 14.1. Market Share Analysis, by Company 14.2. Competition Matrix 14.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 14.2.2. New Product Launches and Product Enhancements 14.2.3. Market Consolidation 14.2.3.1. M&A by Regions, Investment and Applications 14.2.3.2. M&A Key Players, Forward Integration and Backward Integration 14.3. Company Profiles: Key Players 14.3.1. John Zink Hamworthy Combustion 14.3.1.1. Company Overview 14.3.1.2. Financial Overview 14.3.1.3. Product Portfolio 14.3.1.4. Business Strategy 14.3.1.5. Recent Developments 14.3.1.6. Development Footprint 14.3.2. Gardner Denver Nash LLC 14.3.3. Wartsila 14.3.4. Honeywell International Inc. 14.3.5. Zeeco Inc. 14.3.6. Movitherm 14.3.7. Transvac Systems Ltd. 14.3.8. Aerzener Maschinenfabrik GmbH 14.3.9. AERON (U.S) Primary Key Insights

About This Report

Report ID 70745
Category Energy & Power
Published Date August 2020
Updated Date March 2021
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