Flare Gas Recovery Systems Market, By Capacity, By Application, By Geography

Description

The flare gas recovery systems market is estimated to be valued at USD 2.97 Bn in 2024 and is expected to reach USD 5.71 Bn by 2031, growing at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 2.97 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	9.80%	2031 Value Projection:	US$ 5.71 Bn

Figure. Flare Gas Recovery Systems Market Share (%), By Region 2024

Flare Gas Recovery Systems Market - IMG1

They allow for the recycling of unintentional emissions back into the production process or power generation activities. The growing stringency of emissions regulations worldwide coupled with rising energy costs has prompted companies to increasingly deploy these systems to boost efficiencies and curb greenhouse gas footprints. Modern digital technologies are also enabling improved monitoring and control of flare gas recovery for maximizing recoveries. With sustainability becoming a business imperative, the market is projected to experience attractive growth over the coming years.

Market Dynamics:

The global flare gas recovery systems market is driven by stringent environmental norms curbing flaring activities and investments in infrastructure to minimize carbon footprints. Growing awareness about wasted energy recovery presenting fresh revenue streams is also propelling the industry. However, high upfront costs associated with installation and complexities in designing recovery systems for remote facilities with fluctuating flow rates continue to restrain broader adoption rates. Meanwhile, advancements in digital technologies enabling remote monitoring and preventive maintenance as well as recoveries of associated gas from oil fields unlocked by shale developments present lucrative opportunities for market participants.

Key Features of the Study:

This report provides an in-depth analysis of the global flare gas recovery systems market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global flare gas recovery systems market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Baker Hughes , Gardner Denver , Transvac , Aerzen USA, MPR Industries, Wartsila , Schneider Electric, Siemens, Eaton, Legrand, Mitsubishi Electric Corporation, Rockwell Automation, Hitachi, Ltd., Honeywell UOP, Cimarron Energy, INC.( Jordan Technologies), Zeeco, Inc, SoEnergy International, John Zink Hamworthy Combustion, Ramboll Group, Inc., and Srisen Energy Technology Co., Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global flare gas recovery systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global flare gas recovery systems market.

Detailed Segmentation-

By Capacity:
- Small
- Medium
- Large
- Very Large
By Application:
- Petroleum Refineries
- Chemical Plants
- Gas Treatment and NGL Plants
- FPSO Platforms
- Storage Tank Vent Recovery
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Baker Hughes
- Gardner Denver
- Transvac
- Aerzen USA
- MPR Industries
- Wartsila
- Schneider Electric
- Siemens
- Eaton
- Legrand
- Mitsubishi Electric Corporation
- Rockwell Automation
- Hitachi, Ltd.
- Honeywell UOP
- Cimarron Energy, INC.( Jordan Technologies)
- Zeeco, Inc
- SoEnergy International
- John Zink Hamworthy Combustion
- Ramboll Group, Inc.
- Srisen Energy Technology Co., Ltd

Product Code: CMI3854

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Capacity
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions

4. Global Flare Gas Recovery Systems Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Flare Gas Recovery Systems Market
Impact Analysis

5. Global Flare Gas Recovery Systems Market, By Capacity, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Small
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Medium
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Large
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Very Large
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

6. Global Flare Gas Recovery Systems Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Petroleum Refineries
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Chemical Plants
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Gas Treatment and NGL Plants
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
FPSO Platforms
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Storage Tank Vent Recovery
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

7. Global Flare Gas Recovery Systems Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Capacity, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- U.S.
- Canada
Latin America
- Introduction
- Market Size and Forecast, By Capacity, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Capacity, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Capacity, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Capacity, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
GCC Countries
Israel
Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Baker Hughes
Company Overview
Product Portfolio
Recent Developments/Updates
- Gardner Denver
- Transvac
- Aerzen USA
- MPR Industries
- Wartsila
- Schneider Electric
- Siemens
- Eaton
- Legrand
- Mitsubishi Electric Corporation
- Rockwell Automation
- Hitachi, Ltd.
- Honeywell UOP
- Cimarron Energy, INC.( Jordan Technologies)
- Zeeco, Inc
- SoEnergy International
- John Zink Hamworthy Combustion
- Ramboll Group, Inc.
- Srisen Energy Technology Co., Ltd

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on Global Flare Gas Recovery Systems Market" - Global forecast to 2031.