Flare Monitoring Market by Mounting Method (In Process-Mass Spectrometers, Gas Chromatographs, Gas Analyzers; Remote-IR Imagers, MSIR Imagers), Industry (Refineries, Petrochemical, Onshore Oil & Gas Production Sites), & Geography - Global Forecast to 2023
“The flare monitoring market is estimated to grow at a CAGR of 8.24% during 2018–2023”
The flare monitoring market is estimated to grow from USD 842.3 million in 2018 to USD 1,251.7 million by 2023, at a CAGR of 8.24% between 2018 and 2023. The factors that drive the growth of the flare monitoring market include stringency in environmental regulations leading to growing need for controlling waste gas combustion parameters, benefits offered by remote flare monitoring systems, and steady expansion of oil, gas, and petrochemicals industries across the world. The growing demand from major oil and gas producing countries across the Middle East and Africa and major oil refining countries in Asia Pacific and Europe are offering new growth opportunities to the players in the flare monitoring market. However, shifting focus of many countries toward the elimination of flaring and rising popularity of associated waste gas recovery systems in developed countries across North America and Europe are expected to hinder the long-term growth of the market for certain flare monitoring systems, especially devices based on remote mounting technologies.
“In-process mounting method held a larger market share in 2017”
The in-process mounting method held a larger market share in 2017 and is further expected to lead the market (in terms of value) between 2018 and 2023. Rising demand from expanding crude and shale oil production, discovery of new oil fields, and continuous demand from refineries will further give substantial impetus to in-process flare monitoring market. However, the market for the remote mounting method is expected to witness a higher growth rate. Remote monitoring devices, due to the absence of any contact with harsh and corrosive flare vent gases, are comparatively easy to install and maintain, easy to integrate with other systems, can offer quick analysis of data, and are economical flare stack monitoring solutions (due to reduced operational and maintenance costs) than conventional in-process methods.
“Refineries and petrochemical to hold larger market shares”
Refineries and petrochemicals were the key industries (in terms of market shares) in the global flare monitoring market in 2017. Refineries is the major industry vertical holding major market shares of in-process and remote flare monitoring devices and systems. However, the flare monitoring market across onshore oil and gas production sites is estimated to grow at the highest CAGR during the forecast period. The growing strictness from regional, national, and international environmental jurisdictions to reduce emissions of harmful VOCs and other pollutants right from the extraction to production of oil and gas is expected to boost the flare monitoring market growth across upstream, i.e., both onshore as well as offshore oil and gas production sites in the nearest future.
“North America accounted for a major market share in 2017”
North America accounted for the largest share of the flare monitoring market in 2017, while market across Rest of the World is estimated to grow at the highest CAGR between 2018 and 2023. The growing number of drilling activities and shale gas exploration, and strict requirements for the installation of flare monitoring devices are expected to drive the North American market growth. The highest growth rate of the RoW region is due to the rapid expansion of oil production facilities, oil refineries, gas production plants, and gas flaring activities across major countries in the Middle East, especially Saudi Arabia, the UAE, Iraq, Iran, and Kuwait; and the shifting focus of countries in the RoW region toward harmful waste-gas emission reductions.
In the process of determining and verifying the market size for several segments and subsegments gathered through the secondary research, extensive primary interviews have been conducted with key industry experts in the flare monitoring markets. The break-up of primary participants for the report has been shown below:
Research Coverage:
This research report categorizes the global flare monitoring market on the basis of mounting method, industry, and geography. The report describes market dynamics that include key drivers, restraints, challenges, and opportunities for the flare monitoring market and forecasts the same till 2023.
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the flare monitoring market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with the information on key drivers, restraints, challenges, and opportunities pertaining to the market.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product developments and launches, partnerships, and mergers and acquisitions.
The flare monitoring market is estimated to grow from USD 842.3 million in 2018 to USD 1,251.7 million by 2023, at a CAGR of 8.24% between 2018 and 2023. The factors that drive the growth of the flare monitoring market include stringency in environmental regulations leading to growing need for controlling waste gas combustion parameters, benefits offered by remote flare monitoring systems, and steady expansion of oil, gas, and petrochemicals industries across the world. The growing demand from major oil and gas producing countries across the Middle East and Africa and major oil refining countries in Asia Pacific and Europe are offering new growth opportunities to the players in the flare monitoring market. However, shifting focus of many countries toward the elimination of flaring and rising popularity of associated waste gas recovery systems in developed countries across North America and Europe are expected to hinder the long-term growth of the market for certain flare monitoring systems, especially devices based on remote mounting technologies.
“In-process mounting method held a larger market share in 2017”
The in-process mounting method held a larger market share in 2017 and is further expected to lead the market (in terms of value) between 2018 and 2023. Rising demand from expanding crude and shale oil production, discovery of new oil fields, and continuous demand from refineries will further give substantial impetus to in-process flare monitoring market. However, the market for the remote mounting method is expected to witness a higher growth rate. Remote monitoring devices, due to the absence of any contact with harsh and corrosive flare vent gases, are comparatively easy to install and maintain, easy to integrate with other systems, can offer quick analysis of data, and are economical flare stack monitoring solutions (due to reduced operational and maintenance costs) than conventional in-process methods.
“Refineries and petrochemical to hold larger market shares”
Refineries and petrochemicals were the key industries (in terms of market shares) in the global flare monitoring market in 2017. Refineries is the major industry vertical holding major market shares of in-process and remote flare monitoring devices and systems. However, the flare monitoring market across onshore oil and gas production sites is estimated to grow at the highest CAGR during the forecast period. The growing strictness from regional, national, and international environmental jurisdictions to reduce emissions of harmful VOCs and other pollutants right from the extraction to production of oil and gas is expected to boost the flare monitoring market growth across upstream, i.e., both onshore as well as offshore oil and gas production sites in the nearest future.
“North America accounted for a major market share in 2017”
North America accounted for the largest share of the flare monitoring market in 2017, while market across Rest of the World is estimated to grow at the highest CAGR between 2018 and 2023. The growing number of drilling activities and shale gas exploration, and strict requirements for the installation of flare monitoring devices are expected to drive the North American market growth. The highest growth rate of the RoW region is due to the rapid expansion of oil production facilities, oil refineries, gas production plants, and gas flaring activities across major countries in the Middle East, especially Saudi Arabia, the UAE, Iraq, Iran, and Kuwait; and the shifting focus of countries in the RoW region toward harmful waste-gas emission reductions.
In the process of determining and verifying the market size for several segments and subsegments gathered through the secondary research, extensive primary interviews have been conducted with key industry experts in the flare monitoring markets. The break-up of primary participants for the report has been shown below:
- By Company Type: Tier 1 = 52%, Tier 2= 28%, and Tier 3 = 20%
- By Designation: C-level Executives = 41%, Directors = 38%, and Others = 21%
- By Region: North America = 40%, Europe = 33%, Asia Pacific = 22%, and RoW = 5%
Research Coverage:
This research report categorizes the global flare monitoring market on the basis of mounting method, industry, and geography. The report describes market dynamics that include key drivers, restraints, challenges, and opportunities for the flare monitoring market and forecasts the same till 2023.
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the flare monitoring market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with the information on key drivers, restraints, challenges, and opportunities pertaining to the market.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product developments and launches, partnerships, and mergers and acquisitions.
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED FOR STUDY
1.4 CURRENCY
1.5 LIMITATIONS
1.6 PACKAGE SIZE
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.1.2 Major secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Breakdown of primaries
2.1.2.3 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for capturing market share using bottom-up approach (demand-side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market share using top-down approach (supply-side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 FLARE MONITORING MARKET OVERVIEW, 2017-2023
4.2 FLARE MONITORING MARKET, BY INDUSTRY AND REGION (2017)
4.3 FLARE MONITORING MARKET, BY MOUNTING METHOD, 2017-2023
4.4 FLARE MONITORING MARKET, BY REGION, 2017-2023
4.5 FLARE MONITORING MARKET, BY REGION (2016, 2017, AND 2023)
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET SEGMENTATION
5.3 MARKET DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Increasing need for controlling waste gas combustion parameters due to stringent local and global environmental regulations
5.3.1.2 Benefits of direct flare monitoring systems
5.3.1.3 Expansion of oil & gas and petrochemical industries
5.3.2 RESTRAINTS
5.3.2.1 Shift in focus towards eliminating flaring by major countries
5.3.3 OPPORTUNITIES
5.3.3.1 Growing demand from emerging economies
5.3.4 CHALLENGES
5.3.4.1 Technological challenges in adhering to regulatory norms and reducing overall system cost
5.4 REGULATORY STANDARDS
5.5 VALUE CHAIN ANALYSIS
6 FLARE MONITORING MARKET, BY MOUNTING METHOD
6.1 INTRODUCTION
6.2 IN-PROCESS
6.2.1 MASS SPECTROMETERS
6.2.2 GAS CHROMATOGRAPHS
6.2.3 GAS ANALYZERS
6.2.4 FLOWMETERS
6.2.5 CALORIMETERS
6.2.6 OTHERS
6.3 REMOTE
6.3.1 THERMAL (IR) IMAGERS
6.3.2 MULTI SPECTRUM INFRARED (MSIR) IMAGERS
6.3.3 OTHERS
7 FLARE MONITORING MARKET, BY INDUSTRY
7.1 INTRODUCTION
7.2 ONSHORE OIL & GAS PRODUCTION SITES
7.3 REFINERIES
7.4 PETROCHEMICAL
7.5 LANDFILLS
7.6 OTHERS
7.6.1 OFFSHORE
7.6.2 METAL AND STEEL PRODUCTION
8 GEOGRAPHIC ANALYSIS
8.1 INTRODUCTION
8.2 NORTH AMERICA
8.2.1 US
8.2.2 CANADA
8.2.3 MEXICO
8.3 EUROPE
8.3.1 RUSSIA
8.3.2 UK
8.3.3 NORWAY
8.3.4 REST OF EUROPE (ROE)
8.4 ASIA PACIFIC (APAC)
8.4.1 CHINA
8.4.2 INDIA
8.4.3 AUSTRALIA
8.4.4 REST OF APAC (ROAPAC)
8.5 ROW
8.5.1 MIDDLE EAST AND AFRICA
8.5.2 SOUTH AMERICA
9 COMPETITIVE LANDSCAPE
9.1 INTRODUCTION
9.2 RANKING ANALYSIS OF PLAYERS IN FLARE MONITORING MARKET
9.3 COMPETITIVE SITUATION AND TRENDS
9.3.1 AGREEMENTS, PARTNERSHIPS AND COLLABORATIONS
9.3.2 NEW PRODUCT LAUNCHES
9.3.3 MERGERS & ACQUISITIONS
9.3.4 EXPANSIONS
10 COMPANY PROFILES
10.1 INTRODUCTION
10.2 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.2.1 SIEMENS GROUP
10.2.2 ABB.
10.2.3 FLIR SYSTEMS
10.2.4 THERMO FISHER SCIENTIFIC
10.2.5 HONEYWELL
10.2.6 EMERSON ELECTRIC CO.
10.2.7 AMETEK INC.
10.2.8 ZEECO INC.
10.2.9 MKS INSTRUMENTS
10.2.10 LUMASENSE TECHNOLOGIES INC.
10.2.11 FLUENTA
10.2.12 ENDRESS+HAUSER AG
10.2.13 WILLIAMSON CORPORATION
10.2.14 JOHN ZINK COMPANY, LLC
10.2.15 EATON HERNIS SCAN SYSTEMS
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
10.3 KEY INNOVATORS
10.3.1 PROVIDENCE PHOTONICS LLC
10.3.2 GALVANIC APPLIED SCIENCES
10.3.3 OLEUMTECH CORPORATION
10.3.4 POWERTROL, INC.
10.3.5 TKH SECURITY SOLUTIONS
11 APPENDIX
11.1 INSIGHTS OF INDUSTRY EXPERTS
11.2 DISCUSSION GUIDE
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
11.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
11.5 AVAILABLE CUSTOMIZATIONS
11.6 RELATED REPORTS
11.7 AUTHOR DETAILS
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED FOR STUDY
1.4 CURRENCY
1.5 LIMITATIONS
1.6 PACKAGE SIZE
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.1.2 Major secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Breakdown of primaries
2.1.2.3 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for capturing market share using bottom-up approach (demand-side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market share using top-down approach (supply-side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 FLARE MONITORING MARKET OVERVIEW, 2017-2023
4.2 FLARE MONITORING MARKET, BY INDUSTRY AND REGION (2017)
4.3 FLARE MONITORING MARKET, BY MOUNTING METHOD, 2017-2023
4.4 FLARE MONITORING MARKET, BY REGION, 2017-2023
4.5 FLARE MONITORING MARKET, BY REGION (2016, 2017, AND 2023)
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET SEGMENTATION
5.3 MARKET DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Increasing need for controlling waste gas combustion parameters due to stringent local and global environmental regulations
5.3.1.2 Benefits of direct flare monitoring systems
5.3.1.3 Expansion of oil & gas and petrochemical industries
5.3.2 RESTRAINTS
5.3.2.1 Shift in focus towards eliminating flaring by major countries
5.3.3 OPPORTUNITIES
5.3.3.1 Growing demand from emerging economies
5.3.4 CHALLENGES
5.3.4.1 Technological challenges in adhering to regulatory norms and reducing overall system cost
5.4 REGULATORY STANDARDS
5.5 VALUE CHAIN ANALYSIS
6 FLARE MONITORING MARKET, BY MOUNTING METHOD
6.1 INTRODUCTION
6.2 IN-PROCESS
6.2.1 MASS SPECTROMETERS
6.2.2 GAS CHROMATOGRAPHS
6.2.3 GAS ANALYZERS
6.2.4 FLOWMETERS
6.2.5 CALORIMETERS
6.2.6 OTHERS
6.3 REMOTE
6.3.1 THERMAL (IR) IMAGERS
6.3.2 MULTI SPECTRUM INFRARED (MSIR) IMAGERS
6.3.3 OTHERS
7 FLARE MONITORING MARKET, BY INDUSTRY
7.1 INTRODUCTION
7.2 ONSHORE OIL & GAS PRODUCTION SITES
7.3 REFINERIES
7.4 PETROCHEMICAL
7.5 LANDFILLS
7.6 OTHERS
7.6.1 OFFSHORE
7.6.2 METAL AND STEEL PRODUCTION
8 GEOGRAPHIC ANALYSIS
8.1 INTRODUCTION
8.2 NORTH AMERICA
8.2.1 US
8.2.2 CANADA
8.2.3 MEXICO
8.3 EUROPE
8.3.1 RUSSIA
8.3.2 UK
8.3.3 NORWAY
8.3.4 REST OF EUROPE (ROE)
8.4 ASIA PACIFIC (APAC)
8.4.1 CHINA
8.4.2 INDIA
8.4.3 AUSTRALIA
8.4.4 REST OF APAC (ROAPAC)
8.5 ROW
8.5.1 MIDDLE EAST AND AFRICA
8.5.2 SOUTH AMERICA
9 COMPETITIVE LANDSCAPE
9.1 INTRODUCTION
9.2 RANKING ANALYSIS OF PLAYERS IN FLARE MONITORING MARKET
9.3 COMPETITIVE SITUATION AND TRENDS
9.3.1 AGREEMENTS, PARTNERSHIPS AND COLLABORATIONS
9.3.2 NEW PRODUCT LAUNCHES
9.3.3 MERGERS & ACQUISITIONS
9.3.4 EXPANSIONS
10 COMPANY PROFILES
10.1 INTRODUCTION
10.2 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.2.1 SIEMENS GROUP
10.2.2 ABB.
10.2.3 FLIR SYSTEMS
10.2.4 THERMO FISHER SCIENTIFIC
10.2.5 HONEYWELL
10.2.6 EMERSON ELECTRIC CO.
10.2.7 AMETEK INC.
10.2.8 ZEECO INC.
10.2.9 MKS INSTRUMENTS
10.2.10 LUMASENSE TECHNOLOGIES INC.
10.2.11 FLUENTA
10.2.12 ENDRESS+HAUSER AG
10.2.13 WILLIAMSON CORPORATION
10.2.14 JOHN ZINK COMPANY, LLC
10.2.15 EATON HERNIS SCAN SYSTEMS
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
10.3 KEY INNOVATORS
10.3.1 PROVIDENCE PHOTONICS LLC
10.3.2 GALVANIC APPLIED SCIENCES
10.3.3 OLEUMTECH CORPORATION
10.3.4 POWERTROL, INC.
10.3.5 TKH SECURITY SOLUTIONS
11 APPENDIX
11.1 INSIGHTS OF INDUSTRY EXPERTS
11.2 DISCUSSION GUIDE
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
11.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
11.5 AVAILABLE CUSTOMIZATIONS
11.6 RELATED REPORTS
11.7 AUTHOR DETAILS
LIST OF TABLES
Table 1 FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 2 REMOTE FLARE MONITORING MARKET, 2015–2023 (UNITS)
Table 3 IN-PROCESS FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 4 MASS SPECTROMETERS: IN-PROCESS FLARE MONITORING MARKET, BY INDUSTRY, 2018–2023 (USD MILLION)
Table 5 MASS SPECTROMETERS: IN-PROCESS FLARE MONITORING MARKET, BY REGION, 2018–2023 (USD MILLION)
Table 6 GAS CHROMATOGRAPHS: IN-PROCESS FLARE MONITORING MARKET, BY INDUSTRY, 2018–2023 (USD MILLION)
Table 7 GAS CHROMATOGRAPHS: IN-PROCESS FLARE MONITORING MARKET, BY REGION, 2018–2023 (USD MILLION)
Table 8 GAS ANALYZERS: IN-PROCESS FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD MILLION)
Table 9 GAS ANALYZERS: IN-PROCESS FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 10 FLOWMETERS: IN-PROCESS FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD MILLION)
Table 11 FLOWMETERS: IN-PROCESS FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 12 CALORIMETERS: IN-PROCESS FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD THOUSAND)
Table 13 CALORIMETERS: IN-PROCESS FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD THOUSAND)
Table 14 OTHER TECHNOLOGIES: IN-PROCESS FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD THOUSAND)
Table 15 OTHER TECHNOLOGIES: IN-PROCESS FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD THOUSAND)
Table 16 REMOTE FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 17 THERMAL (IR) IMAGERS: REMOTE FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD MILLION)
Table 18 THERMAL (IR) IMAGERS: REMOTE FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 19 MSIR IMAGERS: REMOTE FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD THOUSAND)
Table 20 MSIR IMAGERS: REMOTE FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD THOUSAND)
Table 21 OTHER TECHNOLOGIES: REMOTE FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD THOUSAND)
Table 22 OTHER TECHNOLOGIES: REMOTE FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD THOUSAND)
Table 23 FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD MILLION)
Table 24 ONSHORE OIL & GAS PRODUCTION SITES: IN-PROCESS FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD THOUSAND)
Table 25 ONSHORE OIL & GAS PRODUCTION SITES: REMOTE FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD THOUSAND)
Table 26 ONSHORE OIL & GAS PRODUCTION SITES: FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 27 REFINERIES INDUSTRY: IN-PROCESS FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 28 REFINERIES INDUSTRY: REMOTE FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 29 REFINERIES INDUSTRY: FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 30 PETROCHEMICALS INDUSTRY: IN-PROCESS FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 31 PETROCHEMICALS INDUSTRY: REMOTE FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 32 PETROCHEMICALS INDUSTRY: FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 33 LANDFILLS INDUSTRY: IN-PROCESS FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD THOUSAND)
Table 34 LANDFILLS INDUSTRY: REMOTE FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD THOUSAND)
Table 35 LANDFILLS INDUSTRY: FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD THOUSAND)
Table 36 OTHER INDUSTRIES: IN-PROCESS FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD THOUSAND)
Table 37 OTHER INDUSTRIES: REMOTE FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD THOUSAND)
Table 38 OTHER INDUSTRIES: FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 39 FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 40 NORTH AMERICA: FLARE MONITORING MARKET, BY COUNTRY, 2015–2023 (USD MILLION)
Table 41 NORTH AMERICA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 42 US OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 43 US: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 44 CANADA OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 45 CANADA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 46 MEXICO: OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 47 MEXICO: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 48 EUROPE: FLARE MONITORING MARKET, BY COUNTRY, 2015–2023 (USD MILLION)
Table 49 EUROPE: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 50 RUSSIA OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 51 RUSSIA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 52 UK OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 53 UK: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 54 NORWAY: OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 55 NORWAY: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 56 ROE: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 57 APAC: FLARE MONITORING MARKET, BY COUNTRY, 2015–2023 (USD MILLION)
Table 58 APAC: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 59 CHINA OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 60 CHINA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 61 INDIA OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 62 INDIA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 63 AUSTRALIA OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 64 AUSTRALIA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 65 ROAPAC: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 66 ROW: FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 67 ROW: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 68 MIDDLE EAST & AFRICA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 69 SOUTH AMERICA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 70 FLARE MONITORING MARKET RANKING ANALYSIS, BY KEY PLAYER, 2017
Table 71 AGREEMENTS, PARTNERSHIPS AND COLLABORATIONS, 2015–2017
Table 72 NEW PRODUCT LAUNCHES, 2015–2017
Table 73 ACQUISITIONS, 2015–2017
Table 74 EXPANSIONS, 2015–2017
Table 1 FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 2 REMOTE FLARE MONITORING MARKET, 2015–2023 (UNITS)
Table 3 IN-PROCESS FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 4 MASS SPECTROMETERS: IN-PROCESS FLARE MONITORING MARKET, BY INDUSTRY, 2018–2023 (USD MILLION)
Table 5 MASS SPECTROMETERS: IN-PROCESS FLARE MONITORING MARKET, BY REGION, 2018–2023 (USD MILLION)
Table 6 GAS CHROMATOGRAPHS: IN-PROCESS FLARE MONITORING MARKET, BY INDUSTRY, 2018–2023 (USD MILLION)
Table 7 GAS CHROMATOGRAPHS: IN-PROCESS FLARE MONITORING MARKET, BY REGION, 2018–2023 (USD MILLION)
Table 8 GAS ANALYZERS: IN-PROCESS FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD MILLION)
Table 9 GAS ANALYZERS: IN-PROCESS FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 10 FLOWMETERS: IN-PROCESS FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD MILLION)
Table 11 FLOWMETERS: IN-PROCESS FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 12 CALORIMETERS: IN-PROCESS FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD THOUSAND)
Table 13 CALORIMETERS: IN-PROCESS FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD THOUSAND)
Table 14 OTHER TECHNOLOGIES: IN-PROCESS FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD THOUSAND)
Table 15 OTHER TECHNOLOGIES: IN-PROCESS FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD THOUSAND)
Table 16 REMOTE FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 17 THERMAL (IR) IMAGERS: REMOTE FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD MILLION)
Table 18 THERMAL (IR) IMAGERS: REMOTE FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 19 MSIR IMAGERS: REMOTE FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD THOUSAND)
Table 20 MSIR IMAGERS: REMOTE FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD THOUSAND)
Table 21 OTHER TECHNOLOGIES: REMOTE FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD THOUSAND)
Table 22 OTHER TECHNOLOGIES: REMOTE FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD THOUSAND)
Table 23 FLARE MONITORING MARKET, BY INDUSTRY, 2015–2023 (USD MILLION)
Table 24 ONSHORE OIL & GAS PRODUCTION SITES: IN-PROCESS FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD THOUSAND)
Table 25 ONSHORE OIL & GAS PRODUCTION SITES: REMOTE FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD THOUSAND)
Table 26 ONSHORE OIL & GAS PRODUCTION SITES: FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 27 REFINERIES INDUSTRY: IN-PROCESS FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 28 REFINERIES INDUSTRY: REMOTE FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 29 REFINERIES INDUSTRY: FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 30 PETROCHEMICALS INDUSTRY: IN-PROCESS FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 31 PETROCHEMICALS INDUSTRY: REMOTE FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD MILLION)
Table 32 PETROCHEMICALS INDUSTRY: FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 33 LANDFILLS INDUSTRY: IN-PROCESS FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD THOUSAND)
Table 34 LANDFILLS INDUSTRY: REMOTE FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD THOUSAND)
Table 35 LANDFILLS INDUSTRY: FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD THOUSAND)
Table 36 OTHER INDUSTRIES: IN-PROCESS FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD THOUSAND)
Table 37 OTHER INDUSTRIES: REMOTE FLARE MONITORING MARKET, BY TECHNOLOGY, 2015–2023 (USD THOUSAND)
Table 38 OTHER INDUSTRIES: FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 39 FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 40 NORTH AMERICA: FLARE MONITORING MARKET, BY COUNTRY, 2015–2023 (USD MILLION)
Table 41 NORTH AMERICA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 42 US OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 43 US: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 44 CANADA OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 45 CANADA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 46 MEXICO: OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 47 MEXICO: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 48 EUROPE: FLARE MONITORING MARKET, BY COUNTRY, 2015–2023 (USD MILLION)
Table 49 EUROPE: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 50 RUSSIA OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 51 RUSSIA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 52 UK OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 53 UK: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 54 NORWAY: OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 55 NORWAY: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 56 ROE: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 57 APAC: FLARE MONITORING MARKET, BY COUNTRY, 2015–2023 (USD MILLION)
Table 58 APAC: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 59 CHINA OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 60 CHINA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 61 INDIA OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 62 INDIA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 63 AUSTRALIA OIL PRODUCTION, GAS PRODUCTION, OIL REFINERY CAPACITY, AND UPSTREAM GAS FLARING, 2014, 2015, AND 2016
Table 64 AUSTRALIA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 65 ROAPAC: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 66 ROW: FLARE MONITORING MARKET, BY REGION, 2015–2023 (USD MILLION)
Table 67 ROW: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 68 MIDDLE EAST & AFRICA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 69 SOUTH AMERICA: FLARE MONITORING MARKET, BY MOUNTING METHOD, 2015–2023 (USD MILLION)
Table 70 FLARE MONITORING MARKET RANKING ANALYSIS, BY KEY PLAYER, 2017
Table 71 AGREEMENTS, PARTNERSHIPS AND COLLABORATIONS, 2015–2017
Table 72 NEW PRODUCT LAUNCHES, 2015–2017
Table 73 ACQUISITIONS, 2015–2017
Table 74 EXPANSIONS, 2015–2017
According to the market research report "Flare Monitoring Market by Mounting Method (In Process-Mass Spectrometers, Gas Chromatographs, Gas Analyzers; Remote-IR Imagers, MSIR Imagers), Industry (Refineries, Petrochemical, Onshore Oil & Gas Production Sites), & Geography - Global Forecast to 2023", the flare monitoring market is estimated to grow from USD 842.3 Million in 2018 to USD 1,251.7 Million by 2023, at a CAGR of 8.24% between 2018 and 2023. The growth of the market is driven by the growing strictness from regional, national, and international environmental jurisdictions imposed on end-user industries to reduce emissions of harmful pollutants and improve combustion efficiency; benefits offered by direct flare monitoring systems; and steady expansion of oil, gas, and petrochemicals industries worldwide.
Major players in the global flare monitoring market include:
- Siemens (Germany),
- ABB (Switzerland),
- FLIR Systems (US),
- Thermo Fisher Scientific (US),
- Honeywell (US),
- John Zink Company, LLC (US),
- LumaSense Technologies Inc. (US),
- Zeeco, Inc. (US),
- MKS Instruments (US),
- Land Instruments International Ltd. (UK),
- Eaton HERNIS Scan Systems AS (Norway),
- Fluenta (UK), Williamson Corporation (US),
- Extrel CMS, LLC (Pennsylvania, US),
- Providence Photonics LLC (US),
- Powertrol Inc. (US), and
- TKH Security Solutions (Netherlands).
The market for the remote mounting flare monitoring systems is expected to grow at a higher CAGR during forecast period
The market for the remote mounting method is expected to witness the highest CAGR between 2018 and 2013. Remote monitoring devices, due to the absence of any contact with harsh and corrosive flare vent gases, are comparatively easy to install and maintain, easy to integrate with other systems, can offer quick analysis of data, and are economical flare stack monitoring solutions (due to reduced operational and maintenance costs) than conventional in-process monitoring methods. Ease of process monitoring, lesser price compared to in-process technologies, and compliance with most of the environmental norms are some other key driving factors for the remote flare monitoring market growth.
Refineries held the largest share of the flare monitoring market in 2017
The oil and gas industry (comprising onshore oil and gas production sites, refineries, and petrochemicals) together accounted for over 95% of the global flare monitoring market in 2017. Refineries is the major vertical holding a major market share of the market for in-process and remote flare monitoring devices and systems. However, the flare monitoring market across onshore oil and gas production sites is estimated to grow at the highest rate because a major composition (over 85%) of worldwide gas flaring is done across upstream activities. The growing strictness from regional, national, and international environmental jurisdictions to reduce emissions of harmful VOCs and other pollutants right from the extraction and production of oil and gas is expected to boost the demand for flare monitoring systems across the upstream sector, i.e., both onshore as well as offshore oil and gas production sites in the near future.
North America held the largest share of the flare monitoring market in 2017
North America accounted for the largest share of the market in 2017, followed by Europe and Asia Pacific, respectively, of the flare monitoring market. The market across North America is highly matured and is undergoing a pragmatic shift toward the installation of flare monitoring devices, especially for in-process flare monitoring devices, majorly across refineries. However, the RoW and Asia Pacific regions are expected to grow at the highest and second-highest rates, respectively, during the forecast period. Growing investments for the expansion of upstream and midstream oil and gas industries in countries across these regions, and shifting focus of these countries toward the global phenomenon of harmful waste-gas emission reductions are the primary factors supporting the growth across these regions.
