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Global Flare Gas Recovery Systems Market Size study, by Capacity (Small, Medium, Large, and Very Large) and Regional Forecasts 2021-2027

  • BIZ4595013
  • 200 Pages
  • June 2021
  • Machines
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Global Flare Gas Recovery Systems Market is valued approximately USD 2.02 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 13.65 % over the forecast period 2021-2027. Flare gas recovery systems are utilized throughout the refinery industry for safety and maintenance purposes, as the release of unburned gas increases carbon emissions. Flare systems are implemented across refineries to reduce emissions because they effectively restrict the release of unburned gases. Increasing natural gas output to meet the world's expanding energy demand is predicted to drive market expansion. The growing need to minimize carbon emissions has accelerated the implementation of flare gas recovery across refineries, which is projected to fuel the expansion of the flare gas recovery market. Increased demand for flare systems from the oil and gas industry, since these systems give the possibility of reusing energy, is projected to drive market expansion. The growing desire to cut energy consumption in the oil and gas industry, which is highly energy-intensive, is predicted to increase demand for flare gas recovery systems. According to the International Energy Agency, global natural gas output in 2018 reached a new high of 3937 billion cubic metres, a 4.0 % increase over 2017. In fact, natural gas output has been increasing at a compound annual growth rate of 2.8 % since the 2009 economic downturn. However, the system's high capital investment and in the oil and gas industry, there is a lack of clarity regarding return on investment hinders the growth of the market over the forecast period of 2021-2027. Also, manufacturers are increasingly focusing on providing flare gas recovery system packages that include aftermarket, installation, and post-sales support, as well as emerging markets with rising per capita consumer spending is likely to increase the market growth during the forecast period.

The regional analysis of global Flare Gas Recovery Systems market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share attributing to the rising emphasis of manufacturers on implementing gas exploration, high demand for small and medium-capacity flare gas recovery systems, as well as an increase in the number of partnerships and expansions of important organizations. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as rapid industrialization, growing environmental concerns, expanding economies of the countries, and market development are all factors contributing to the region’s market growth.

Major market player included in this report are:

UOP-A Honeywell Company

Wärtsilä Hamworthy

MPR Industries

John Zink Company LLC

Zeeco

Gardener Denver

Ro-Flo Compressors

Honeywell International Inc.

SoEnergy

Transvac Systems Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Capacity:

Small

Medium

Large

Very Large

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027

Target Audience of the Global Flare Gas Recovery Systems Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Flare Gas Recovery Systems Market, by Region, 2019-2027 (USD Billion)

1.2.2. Flare Gas Recovery Systems Market, by Capacity, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Flare Gas Recovery Systems Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Flare Gas Recovery Systems Market Dynamics

3.1. Flare Gas Recovery Systems Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Increasing natural gas output

3.1.1.2. Growing need to minimize carbon emissions

3.1.2. Market Challenges

3.1.2.1. System's high capital investment

3.1.2.2. Lack of clarity regarding return on investment

3.1.3. Market Opportunities

3.1.3.1. Increasing focus on system packages with aftermarket, installation, and post-sales support

3.1.3.2. Emerging markets with rising per capita consumer spending

Chapter 4. Global Flare Gas Recovery Systems 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 (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Flare Gas Recovery Systems Market, by Capacity

5.1. Market Snapshot

5.2. Global Flare Gas Recovery Systems Market by Capacity, Performance - Potential Analysis

5.3. Global Flare Gas Recovery Systems Market Estimates & Forecasts by Capacity 2018-2027 (USD Billion)

5.4. Flare Gas Recovery Systems Market, Sub Segment Analysis

5.4.1. Small

5.4.2. Medium

5.4.3. Large

5.4.4. Very Large

Chapter 6. Global Flare Gas Recovery Systems Market, Regional Analysis

6.1. Flare Gas Recovery Systems Market, Regional Market Snapshot

6.2. North America Flare Gas Recovery Systems Market

6.2.1. U.S. Flare Gas Recovery Systems Market

6.2.1.1. Capacity breakdown estimates & forecasts, 2018-2027

6.2.2. Canada Flare Gas Recovery Systems Market

6.3. Europe Flare Gas Recovery Systems Market Snapshot

6.3.1. U.K. Flare Gas Recovery Systems Market

6.3.2. Germany Flare Gas Recovery Systems Market

6.3.3. France Flare Gas Recovery Systems Market

6.3.4. Spain Flare Gas Recovery Systems Market

6.3.5. Italy Flare Gas Recovery Systems Market

6.3.6. Rest of Europe Flare Gas Recovery Systems Market

6.4. Asia-Pacific Flare Gas Recovery Systems Market Snapshot

6.4.1. China Flare Gas Recovery Systems Market

6.4.2. India Flare Gas Recovery Systems Market

6.4.3. Japan Flare Gas Recovery Systems Market

6.4.4. Australia Flare Gas Recovery Systems Market

6.4.5. South Korea Flare Gas Recovery Systems Market

6.4.6. Rest of Asia Pacific Flare Gas Recovery Systems Market

6.5. Latin America Flare Gas Recovery Systems Market Snapshot

6.5.1. Brazil Flare Gas Recovery Systems Market

6.5.2. Mexico Flare Gas Recovery Systems Market

6.6. Rest of The World Flare Gas Recovery Systems Market

Chapter 7. Competitive Intelligence

7.1. Top Market Strategies

7.2. Company Profiles

7.2.1. UOP-A Honeywell Company

7.2.1.1. Key Information

7.2.1.2. Overview

7.2.1.3. Financial (Subject to Data Availability)

7.2.1.4. Product Summary

7.2.1.5. Recent Developments

7.2.2. Wärtsilä Hamworthy

7.2.3. MPR Industries

7.2.4. John Zink Company LLC

7.2.5. Zeeco

7.2.6. Gardener Denver

7.2.7. Ro-Flo Compressors

7.2.8. Honeywell International Inc.

7.2.9. SoEnergy

7.2.10. Transvac Systems Limited

Chapter 8. Research Process

8.1. Research Process

8.1.1. Data Mining

8.1.2. Analysis

8.1.3. Market Estimation

8.1.4. Validation

8.1.5. Publishing

8.2. Research Attributes

8.3. Research Assumption

List of Tables

TABLE 1. Global Flare Gas Recovery Systems market, report scope

TABLE 2. Global Flare Gas Recovery Systems market estimates & forecasts by Region 2018-2027 (USD Billion)

TABLE 3. Global Flare Gas Recovery Systems market estimates & forecasts by Capacity 2018-2027 (USD Billion)

TABLE 4. Global Flare Gas Recovery Systems market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 5. Global Flare Gas Recovery Systems market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 6. Global Flare Gas Recovery Systems market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 7. Global Flare Gas Recovery Systems market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 8. Global Flare Gas Recovery Systems market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 9. Global Flare Gas Recovery Systems market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global Flare Gas Recovery Systems market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global Flare Gas Recovery Systems market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global Flare Gas Recovery Systems market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global Flare Gas Recovery Systems market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. U.S. Flare Gas Recovery Systems market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. U.S. Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 16. U.S. Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 17. Canada Flare Gas Recovery Systems market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 18. Canada Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 19. Canada Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 20. UK Flare Gas Recovery Systems market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 21. UK Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 22. UK Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 23. Germany Flare Gas Recovery Systems market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 24. Germany Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 25. Germany Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 26. RoE Flare Gas Recovery Systems market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 27. RoE Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 28. RoE Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 29. China Flare Gas Recovery Systems market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 30. China Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 31. China Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 1. India Flare Gas Recovery Systems market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 2. India Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 3. India Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 4. Japan Flare Gas Recovery Systems market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 5. Japan Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 6. Japan Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 7. RoAPAC Flare Gas Recovery Systems market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 8. RoAPAC Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 9. RoAPAC Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 10. Brazil Flare Gas Recovery Systems market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Brazil Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 12. Brazil Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 13. Mexico Flare Gas Recovery Systems market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Mexico Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 15. Mexico Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 16. RoLA Flare Gas Recovery Systems market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. RoLA Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 18. RoLA Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 19. Row Flare Gas Recovery Systems market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 20. Row Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 21. Row Flare Gas Recovery Systems market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 22. List of secondary sources, used in the study of global Flare Gas Recovery Systems market

TABLE 23. List of primary sources, used in the study of global Flare Gas Recovery Systems market

TABLE 24. Years considered for the study

TABLE 25. Exchange rates considered

 
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