Global Flare Monitoring Market Report 2018-2023: Expected to Reach $1.25 Billion Growing at a CAGR of 8.24% - ResearchAndMarkets.com

DUBLIN--()--The "Flare Monitoring Market by Mounting Method (In Process-Mass Spectrometers, Gas Chromatographs, Remote-IR Imagers, MSIR Imagers), Industry (Refineries, Petrochemical, Onshore Oil & Gas Production Sites), & Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global flare monitoring market is estimated at USD 842.3 Million in 2018 and is expected to be worth USD 1,251.7 Million by 2023, at a CAGR of 8.24% between 2018 and 2023.

The flare monitoring market is expected to grow substantially due to the factors such as strictness in environmental regulations to curb harmful emissions and raise combustion efficiency of flare systems, benefits offered by remote flare monitoring systems, and steady expansion of oil, gas, and petrochemicals industries, especially across the Middle East & Africa and Asia Pacific. The growing demand from major oil and gas producing countries across the Middle East & Africa and major oil refining countries in Asia Pacific and Europe are offering new growth opportunities to the players in the flare monitoring market.

Market Dynamics

Drivers

  • Increasing Need for Controlling Waste Gas Combustion Parameters Due to Stringent Local and Global Environmental Regulations
  • Benefits of Direct Flare Monitoring Systems
  • Expansion of Oil & Gas and Petrochemical Industries

Restraints

  • Shift in Focus Towards Eliminating Flaring By Major Countries

Opportunities

  • Growing Demand From Emerging Economies

Challenges

  • Technological Challenges in Adhering to Regulatory Norms and Reducing Overall System Cost

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Flare Monitoring Market, by Mounting Method

7 Flare Monitoring Market, by Industry

8 Geographic Analysis

9 Competitive Landscape

10 Company Profiles

  • ABB.
  • Ametek Inc.
  • Eaton Hernis Scan Systems
  • Emerson Electric Co.
  • Endress+Hauser Ag
  • Flir Systems
  • Fluenta
  • Galvanic Applied Sciences
  • Honeywell
  • John Zink Company, LLC
  • Lumasense Technologies Inc.
  • MKS Instruments
  • Oleumtech Corporation
  • Powertrol, Inc.
  • Providence Photonics LLC
  • Siemens Group
  • TKH Security Solutions
  • Thermo Fisher Scientific
  • Williamson Corporation
  • Zeeco Inc.

For more information about this report visit https://www.researchandmarkets.com/research/c6wwt9/global_flare?w=4

Contacts

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Air Purification