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Global Flare Gas Recovery System Market By Capacity (Small, Medium, Large, Very Large), By Component (Compressors, Heat Exchangers, Gaskets, Separators) - Growth, Share, Opportunities & Competitive Analysis, 2017 - 2025

This report, titled "Flare Gas Recovery System Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025," offers strategic insights into the trends in the flare gas recovery system market along with the market size and forecast for the duration of 2015–2025. The said research study incorporates an in-depth analysis of multiple market segments based on capacity, component, and geographical distribution.

The global flare gas recovery system market is becoming increasingly competitive with a growing number of mergers and collaborations between market players to reach full capabilities and gain an international footprint. In addition, several players are also focused on developing their niche in the market. This market's rapid growth has also resulted in the creation of additional skilled job opportunities in major hubs across North America, Europe, Latin America, and Asia Pacific.

Based on capacity, the global flare gas recovery system market is categorized into small, medium, large, and very large capacity flare gas recovery systems. On the basis of components, the global flare gas recovery system market is segmented into compressors, heat exchangers, gaskets, and separators. In addition, oil-producing companies, manufacturing industries, and academic organizations form the major client types for flare gas recovery systems. This report presents the market size and forecast for all segments considered for the period 2015-2025 (US$ Mn), as well as their respective CAGRs for the forecast period 2017-2025 (value%).

In terms of geographical distribution, the global flare gas recovery system is studied in five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods.

To further elucidate, the geographical distribution of the global flare gas recovery system market is described as follows:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Asia-Pacific region
  • Middle East and Africa (MEA)
  • GCC
  • the remainder of MEA
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary, for the global flare gas recovery system market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development and provision of flare gas recovery systems.

The global flare gas recovery system market is divided into three segments based on capacity:

  • Small
  • Medium     
  • Large
  • Very Large

The global flare gas recovery systems market is divided into capacity categories. By capacity, the large and very large segments are projected to be the most dominant segment and are expected to witness high growth over the forecast period. Increasing production and refining of conventional natural gas and non-conventional shale gas are projected to drive the demand for a large and very large segment. The small and medium segments led the market share by value in 2016. However, due to the high prices of large and very large capacity flare gas systems, the large and very large segment led the market share by value.

The global flare gas recovery system market is divided into the following components:

  • Compressors
  • Heat Exchangers   
  • Gaskets
  • Separators

The global flare gas recovery systems market is categorized on the basis of components. Among components, the compressor segment is projected to be the most dominant segment owing to the growing popularity of liquid ring compressors, which is projected to augment the growth of the segment over the forecast period. The increasing adoption of flare gas recovery systems in natural gas production and other end-use industries is further expected to fuel the growth of the segment. The segment is anticipated to gain a significant revenue share by 2025.

For the purpose of this study, the global market for flare gas recovery systems is categorized into three segments:

  • North America
  • Europe
  • Asia Pacific  
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

At present, North America and Europe are the dominant regional markets for flare gas recovery systems. These regions are home to several large, midsize, and small flare gas recovery manufacturers that offer a wide range of flare gas recovery units. Both regions collectively account for over 60% of the revenue share of the global flare gas recovery system market. The growth of the region is augmented by stringent regulations over greenhouse gas emissions.

Increasing shale gas production in North America is anticipated to drive the growth of flare gas recovery systems in the region. However, the European market has become saturated and is expected to witness steady growth during the forecast period. On the other hand, Asia Pacific is expected to witness significant growth owing to developments in natural gas production and the evolution of end-use industries, especially in China and Japan, which are anticipated to be the most prominent country-level markets for flare gas recovery systems during the forecast period (2015–2025).

Frequently Asked Questions:

The market for Flare Gas Recovery System Market is expected to reach US$ 4,219.8 Mn By 2025.

The Flare Gas Recovery System Market is expected to see significant CAGR growth over the coming years, at 12.9%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Sunpower Technology (Jiangsu) Co.Ltd, Berg Chilling Systems Inc., HiTemp Technology Corporation LLC, John Zink Hamworthy Combustion, Llc. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jun 2017
Category:  Oil & Gas
Report ID:   58307
Report Format:   PDF
Pages:   120
Rating:    4.4 (60)
Delivery Time: 24 Hours to 48 Hours   
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