US Flare Gas Recovery System Market Size study, by Operating Pressure, by Configuration, By Technology, by Flow Rate, by Application Forecasts 2022-2032

Description

List of Tables

US Flare Gas Recovery System Market is valued at approximately USD 265.5 million in 2023 and is anticipated to grow with a healthy growth rate of more than 6.72% over the forecast period 2024-2032. A Flare Gas Recovery System (FGRS) is a crucial component of oil and gas production facilities, specifically engineered to capture and utilize combustible gases that are usually flared. By recovering and repurposing these gases, FGRS helps reduce greenhouse gas emissions, minimize waste, and enhance operational efficiency. This system plays a central role in promoting environmental sustainability and optimizing resource utilization within the oil and gas industry. Leading manufacturers focus on creating efficient and cost-effective solutions to shorten payback periods. They invest resources in research and development specifically designed for use in remote oil and gas fields, which helps increase sales numbers, which is a key trend for the regional market growth.

The burgeoning environmental consciousness and regulatory imperatives, coupled with the lucrative prospects offered by flare gas recovery products, propel the growth of the U.S. Flare Gas Recovery System Market. Also, the presence of major market players and robust oil and gas infrastructure in the U.S. is expected to drive sales of flare gas recovery systems, particularly in remote oil and gas fields, offering lucrative opportunities for both established and new entrants in the market. Moreover, the enactment of stringent regulations by the US government and various organizations to mitigate environmental impacts, coupled with the demand for energy-efficient and cost-effective solutions, is anticipated to propel the US Flare Gas Recovery Systems Market. Manufacturers are investing in R&D for flare gas recovery systems to enhance capabilities in remote oil and gas areas, driving increased sales and contributing to the market's significant growth forecast. However, , the substantial capital required presents a major obstacle to the expansion of the US flare gas recovery system market. Furthermore, costly catalysts serve as an additional constraint on market growth. Additionally, limited awareness of the environmental advantages among end-user industries is predicted to hinder market growth from 2022 to 2032.

Major market player included in this report are:

John Zink Hamworthy Combustion LLC
Gardner Denver holdings Inc
Honeywell International Inc
SoEnergy International Inc
Zeeco, Inc.
Plug Power Inc.
Cimarron Energy, Inc. (Jordan Technologies)
Company 8
Company 9
Company 10

The detailed segments and sub-segment of the market are explained below:

By Operating Pressure

Upto 5 bar (small)
5 to 10 bar (medium)
10 to 20 bar (large)
20 to 60 bar (very large)

By Configuration

Modular
Skid Mounted

By Technology

Compressor
Ejector Based

By Flow Rate

Upto 2 MMSCFD
2 to 5 MMSCFD
5 TO 10 MMSCFD
10 TO 20 MMSCFD
20 to 50 MMSCFD

By Application

Oil & Gas
Chemical Plants
Storage Tanks
Biogas & Landfill
Industrial flue gas treatment

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1.US Flare Gas Recovery System Market Definition and Research Assumptions

1.1.Research Objective
1.2.Market Definition
1.3.Research Assumptions
- 1.3.1.Inclusion & Exclusion
- 1.3.2.Limitations
- 1.3.3.Supply Side Analysis
  - 1.3.3.1.Availability
  - 1.3.3.2.Infrastructure
  - 1.3.3.3.Regulatory Environment
  - 1.3.3.4.Market Competition
  - 1.3.3.5.Economic Viability (Consumer's Perspective)
- 1.3.4.Demand Side Analysis
  - 1.3.4.1.Regulatory frameworks
  - 1.3.4.2.Technological Advancements
  - 1.3.4.3.Environmental Considerations
  - 1.3.4.4.Consumer Awareness & Acceptance
1.4.Estimation Methodology
1.5.Years Considered for the Study
1.6.Currency Conversion Rates

Chapter 2.Executive Summary

2.1.US Flare Gas Recovery System Market Size & Forecast (2022- 2032)
2.2.Segmental Summary
- 2.2.1.By Operating Pressure
- 2.2.2.By Configuration
- 2.2.3.By Technology
- 2.2.4.By Flow Rate
- 2.2.5.By Application
2.3.Key Trends
2.4.Recession Impact
2.5.Analyst Recommendation & Conclusion

Chapter 3.US Flare Gas Recovery System Market Dynamics

3.1.Market Drivers
3.2.Market Challenges
3.3.Market Opportunities

Chapter 4.US Flare Gas Recovery System Market Industry Analysis

4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
- 4.1.6.Futuristic Approach to Porter's 5 Force Model
- 4.1.7.Porter's 5 Force Impact Analysis
4.2.PESTEL Analysis
- 4.2.1.Political
- 4.2.2.Economical
- 4.2.3.Social
- 4.2.4.Technological
- 4.2.5.Environmental
- 4.2.6.Legal
4.3.Top investment opportunity
4.4.Top winning strategies
4.5.Disruptive Trends
4.6.Industry Expert Perspective
4.7.Analyst Recommendation & Conclusion

Chapter 5.US Flare Gas Recovery System Market Size & Forecasts by Operating Pressure 2022-2032

5.1.Upto 5 bar (small)
5.2.5 to 10 bar (medium)
5.3.10 to 20 bar (large)
5.4.20 to 60 bar (very large)

Chapter 6.US Flare Gas Recovery System Market Size & Forecasts by Configuration 2022-2032

6.1.Modular
6.2.Skid Mounted

Chapter 7.US Flare Gas Recovery System Market Size & Forecasts by Technology 2022-2032

7.1.Compressor
7.2.Ejector Based

Chapter 8.US Flare Gas Recovery System Market Size & Forecasts by Flow Rate 2022-2032

8.1.Upto 2 MMSCFD
8.2.2 to 5 MMSCFD
8.3.5 TO 10 MMSCFD
8.4.10 TO 20 MMSCFD
8.5.20 to 50 MMSCFD

Chapter 9.US Flare Gas Recovery System Market Size & Forecasts by Application 2022-2032

9.1.Oil & Gas
9.2.Chemical Plants
9.3.Storage Tanks
9.4.Biogas & Landfill
9.5.Industrial flue gas treatment

Chapter 10.Competitive Intelligence

10.1.Key Company SWOT Analysis
10.2.Top Market Strategies
10.3.Company Profiles
- 10.3.1. John Zink Hamworthy Combustion LLC
  - 10.3.1.1.Key Information
  - 10.3.1.2.Overview
  - 10.3.1.3.Financial (Subject to Data Availability)
  - 10.3.1.4.Product Summary
  - 10.3.1.5.Market Strategies
- 10.3.2. Gardner Denver holdings Inc
- 10.3.3.Honeywell International Inc
- 10.3.4.SoEnergy International Inc
- 10.3.5.Zeeco, Inc.
- 10.3.6.Plug Power Inc.
- 10.3.7.Cimarron Energy, Inc. (Jordan Technologies)

Chapter 11.Research Process

11.1.Research Process
- 11.1.1.Data Mining
- 11.1.2.Analysis
- 11.1.3.Market Estimation
- 11.1.4.Validation
- 11.1.5.Publishing
11.2.Research Attributes

LIST OF TABLES

TABLE 1.US Flare Gas Recovery System market, report scope
TABLE 2.US Flare Gas Recovery System market estimates & forecasts by Operating Pressure 2022-2032 (USD Million)
TABLE 3.US Flare Gas Recovery System market estimates & forecasts by Configuration 2022-2032 (USD Million)
TABLE 4.US Flare Gas Recovery System market estimates & forecasts by Technology 2022-2032 (USD Million)
TABLE 5.US Flare Gas Recovery System market estimates & forecasts by Flow Rate 2022-2032 (USD Million)
TABLE 6.US Flare Gas Recovery System market estimates & forecasts by Application 2022-2032 (USD Million)
TABLE 7.US Flare Gas Recovery System market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 8.US Flare Gas Recovery System market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 9.US Flare Gas Recovery System market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 10.US Flare Gas Recovery System market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 11.US Flare Gas Recovery System market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 12.U.S. Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Million)
TABLE 13.U.S. Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 14.U.S. Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 15.List of secondary sources, used in the study of US Flare Gas Recovery System Market.
TABLE 16.List of primary sources, used in the study of US Flare Gas Recovery System Market.
TABLE 17.Years considered for the study.
TABLE 18.Exchange rates considered.

LIST OF FIGURES

FIG 1.US Flare Gas Recovery System market, research methodology
FIG 2.US Flare Gas Recovery System market, market estimation techniques
FIG 3.US market size estimates & forecast methods.
FIG 4.US Flare Gas Recovery System market, key trends 2023
FIG 5.US Flare Gas Recovery System market, growth prospects 2022-2032
FIG 6.US Flare Gas Recovery System market, porters 5 force model
FIG 7.US Flare Gas Recovery System market, pestel analysis
FIG 8.US Flare Gas Recovery System market, value chain analysis
FIG 9.US Flare Gas Recovery System market by segment, 2022 & 2032 (USD Million)
FIG 10.US Flare Gas Recovery System market by segment, 2022 & 2032 (USD Million)
FIG 11.US Flare Gas Recovery System market by segment, 2022 & 2032 (USD Million)
FIG 12.US Flare Gas Recovery System market by segment, 2022 & 2032 (USD Million)
FIG 13.US Flare Gas Recovery System market by segment, 2022 & 2032 (USD Million)
FIG 14.US Flare Gas Recovery System market, company market share analysis (2023)