According to a recently published report by Brisk Insights, the Global Flare Gas Recovery System Market is expected to grow at the CAGR of 13.1% during 2017-2025. The global flare gas recovery system market is segmented on the basis of capacity, component and geography. The report on global flare gas recovery system market (by capacity, component and geography) provides a detailed overview and predictive analysis of the market.
Full report available on Flare Gas Recovery System Market: Global Industry Size, Growth, Share and Forecast to 2025 report at http://www.briskinsights.com/report/flare-gas-recovery-systems-market
Flare gas recovery system market is projected to gain impulse with tightening laws for the emission of greenhouse gases owing to rising environmental concerns across the globe. Increasing commitment and agreement among the nations at Paris climate Change conference and revised targets for the major economies to reduce the emission of greenhouse gases projected to drive the adoption of flare gas recovery systems over the forecast period. Further, growing awareness among end use industries to utilize flare as fuel and application in oil & gas reserves to increase the pressure of the reservoir making the operation more efficient projected to propel the demand for flare gas recovery system over the forecast period. Besides this, commercialization of flare gas earns additional revenue to the end use industries which is another driving the adoption of the flare gas recovery systems. However, high cost of installation of flare gas recovery systems to remain the key challenge restrain the demand for flare gas recovery systems over the forecast period.
North America is estimated to be the largest market for flare gas recovery system in 2016 and anticipated to continue its dominance over the forecast period. Increasing adoption flare gas recovery systems owing to stringent regulation over the emission of flare gas coupled with increasing production of shale gas in the region is projected to drive the demand for flare gas recovery systems over the forecast period. Europe is anticipated to be the second largest market for flare gas recovery systems. Tightening emission standards by European Union is anticipated to propel the adoption of flare gas recovery systems in the region during the forecast period. Key players in the market are investing research and development for the new product development and to reduce the initial installation cost of flare gas recovery systems to increase adoption of flare gas recovery systems.
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Scope of the report
1. Global Flare Gas Recovery System Market, by Capacity, 2015–2025 ($ Million)
1.4. Very Large
2. Global Flare Gas Recovery System Market, by Application, 2015–2025 ($ Million)
2.2. Heat Exchangers
3. Global Flare Gas Recovery System Market, by Geography, 2015-2025 ($ Million)
3.1. North America
3.2.4. Rest of Europe
3.3. Asia Pacific
3.3.3. Rest of Asia Pacific
3.4. Latin America (LATAM)
3.4.3. Rest of Latin America
3.5. Middle East and Africa (MEA)
3.5.2. Rest of Middle East and Africa
4. Company Profiles
4.1. JOHN ZINK HAMWORTHY COMBUSTION
4.3. Gardner Denver Nash
4.4. Gas Technologies LLC.
4.5. Highland Power Corp.
4.6. HONEYWELL INTERNATIONAL INC
4.8. Suzhou Jinhong Gas Co.Ltd
4.9. Transvac Systems Ltd
4.12. Other Major Players
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