Flare Gas Recovery System Market : Global Industry Analysis and Forecast (2022-2029)


 Flare Gas Recovery System Market size is expected to reach US$ 5.87 Bn by 2029, 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.

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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.

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.

Flare Gas Recovery System Market Regional Insights:

The global flare gas recovery system market is expected to grow at a CAGR of 3 % from 2021 to 2029 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 2021, the Russian Federation was the largest emitter of flare gas. The country has increased its gas flared to xx billion cubic meters in 2021 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 2029 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 2021 and reaching US$ xx Mn by 2029, with a CAGR of xx%. The oil & gas industry in China accounted for US$ xx Mn in 2021 and is expected to grow at a CAGR of xx % over the forecast period 2021-2029, to account for US$ xx Mn. in 2029.

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.

 Flare Gas Recovery System Market Scope:Inquire before Buying






Global Flare Gas Recovery System Market




Report Coverage
Details




Base Year:
2021
Forecast Period:
2022-2029




Historical Data:
2017 to 2021
Market Size in 2021:
US $ 2.17 Bn.




Forecast Period 2022 to 2029 CAGR:
13.23%
Market Size in 2029:
US $ 5.87 Bn.




 Segments Covered:
by Capacity Systems
• Small
• Medium
• Large
• Very large




by Application
•Upstream
• Downstream
• Others






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

Frequently Asked questions:

1. What is the market size of the Global Flare Gas Recovery System Market in 2021?
Ans. The market size Global Flare Gas Recovery System Market in 2021 was US$ 2.17 Billion.

2. What are the different segments of the Global Flare Gas Recovery System Market?
Ans. The Global Flare Gas Recovery System Market  is divided into Product, Application and Distribution Channel.

3. What is the study period of this market?
Ans. The Global Flare Gas Recovery System Market will be studied from 2021 to 2029.

4. Which region is expected to hold the highest Global Flare Gas Recovery System Market share?
Ans. The Asia Pacific dominates the market share in the  market.

5. What  is the Forecast Period of Global Flare Gas Recovery System Market?
Ans. The Forecast Period of the market is 2022-2029 in the market. 




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
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