Flare gas recovery systems are used in petroleum refineries to reduce flare emissions and offset the plant\'s purchased fuel gas. The total cost of a project (equipment and installation) is typically recovered in two to three years (sometimes less) depending on system throughput and the value of recovered gas.
Increasing power generation applications have been a primary factor fueling the demand for flare gas recovery systems on a global level. A majority of producers re-inject flare gas in natural gas production wells in order to maintain the optimum pressure inside the wells.
United States and Europe will remain the most prominent markets over the forecast period, Europe is expected to witness declining market growth owing to relatively lower natural gas production and saturated market conditions.
Markets in developing economies are however projected to witness an uptake, attributed to rising awareness about carbon emissions and environmental conservation, and surging adoption of FGRS for power generation applications.
In 2019, the market size of Flare Gas Recovery Systems is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Flare Gas Recovery Systems.
This report studies the global market size of Flare Gas Recovery Systems, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Flare Gas Recovery Systems production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
John Zink Hamworthy Combustion
Gardner Denver Nash
Market Segment by Product Type
Very Large Systems
Market Segment by Application
Gas Treatment and NGL Plants
Storage Tank Vent Recovery
FPSO Offshore Platforms
Key Regions split in this report: breakdown data for each region.
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Flare Gas Recovery Systems status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Flare Gas Recovery Systems manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Flare Gas Recovery Systems are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025