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Global Flare Gas Recovery System Market Size study, by Operating Pressure (Upto 5 bar, 5 to 10 bar, 10 to 20 bar, 20 to 60 bar), by Configuration (Modular, Skid Mounted), by Technology (Compressor, Ejector Based), by Flow Rate (Upto 2 MMSCFD, 2 to 5 MMSCFD, 5 TO 10 MMSCFD, 10 TO 20 MMSCFD, 20 to 50 MMSCFD), by Application and Regional Forecasts 2022-2032

May 2024 | 200 pages | ID: GA9520E0F82EEN
Bizwit Research & Consulting LLP

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Global Flare Gas Recovery System Market is valued at approximately USD 1.18 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.9% over the forecast period 2024-2032. A Flare Gas Recovery System (FGRS) is a critical component of oil and gas production facilities, designed to capture and utilize flammable gases. By recovering and repurposing these gases, FGRS reduces greenhouse gas emissions, minimizes waste, and maximizes operational efficiency. This system plays a pivotal role in enhancing environmental sustainability and optimizing resource utilization in the oil and gas industry. Increasing environmental awareness and regulations, coupled with high potential of flare gas recovery products, drives Global Flare Gas Recovery System Market growth. Leading manufacturers focus on efficient, cost-effective options to reduce payback periods and invest in R&D for remote oil and gas field applications, enhancing sales.

The escalating demand for fossil fuels across diverse sectors such as automotive and power generation, coupled with the rise in Exploration and Production (E&P) activities to meet this demand, is projected to contribute to the growth of the Global Flare Gas Recovery Systems Market. Moreover, the enactment of stringent regulations by governments and various organizations to mitigate environmental impacts, coupled with the demand for energy-efficient and cost-effective solutions, is anticipated to propel the Global Flare Gas Recovery Systems Market. Manufacturers are investing in R&D for flare gas recovery systems to enhance capabilities in remote oil and gas areas, driving increased sales and contributing to the market's significant growth forecast. However, High capital costs pose a significant barrier to the growth of the Global Flare Gas Recovery System Market. Additionally, expensive catalysts further constrain market growth. Moreover, lower awareness of the environmental benefits among end-user industries is expected to impede market growth between 2022 and 2032.

The key regions considered for the global Flare Gas Recovery System market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Europe was the largest regional market. While many European countries exhibit low flare gas emissions, nations such as the Russian Federation and the United Kingdom significantly contribute to increased emissions. Primarily originating from the upstream sector, Russia emerged as the largest global emitter in 2020, with flare gas reaching 21.86 billion. With governmental pressure to mitigate emissions in line with the Paris Climate Accord, the demand for flare gas recovery systems is expected to rise, driving growth in the industry. With a growing emphasis on energy efficiency and sustainability, industries in Europe are increasingly adopting FGRS to maximize the utilization of resources and minimize energy wastage. FGRS helps in harnessing energy that would otherwise be lost through flaring. Whereas, Asia Pacific region is expected to grow with the fastest CAGR over the forecast period of 2024-2032.

Major market player included in this report are:
John Zink Hamworthy Combustion LLC
Gardner Denver holdings Inc
Honeywell International Inc
MAN SE
SoEnergy International Inc
Zeeco, Inc.
Plug Power Inc.
Wдrtsilд Oyj Abp
Transvac Systems Limited
Cimarron Energy, Inc. (Jordan Technologies)

The detailed segments and sub-segment of the market are explained below:

By Operating Pressure
Upto 5 bar (small)
5 to 10 bar (medium)
10 to 20 bar (large)
20 to 60 bar (very large)

By Configuration
Modular
Skid Mounted

By Technology
Compressor
Ejector Based

By Flow Rate
Upto 2 MMSCFD
2 to 5 MMSCFD
5 TO 10 MMSCFD
10 TO 20 MMSCFD
20 to 50 MMSCFD

By Application
Oil & Gas
Chemical Plants
Storage Tanks
Biogas & Landfill
Industrial flue gas treatment
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
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL FLARE GAS RECOVERY SYSTEM MARKET DEFINITION AND RESEARCH ASSUMPTIONS

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
  1.3.1. Inclusion & Exclusion
  1.3.2. Limitations
  1.3.3. Supply Side Analysis
    1.3.3.1. Availability
    1.3.3.2. Infrastructure
    1.3.3.3. Regulatory Environment
    1.3.3.4. Market Competition
    1.3.3.5. Economic Viability (Consumer’s Perspective)
  1.3.4. Demand Side Analysis
    1.3.4.1. Regulatory frameworks
    1.3.4.2. Technological Advancements
    1.3.4.3. Environmental Considerations
    1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Global Flare Gas Recovery System Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
  2.3.1. By Operating Pressure
  2.3.2. By Configuration
  2.3.3. By Technology
  2.3.4. By Flow Rate
  2.3.5. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

CHAPTER 3. GLOBAL FLARE GAS RECOVERY SYSTEM MARKET DYNAMICS

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

CHAPTER 4. GLOBAL FLARE GAS RECOVERY SYSTEM 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
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL FLARE GAS RECOVERY SYSTEM MARKET SIZE & FORECASTS BY OPERATING PRESSURE 2022-2032

5.1. Upto 5 bar (small)
5.2. 5 to 10 bar (medium)
5.3. 10 to 20 bar (large)
5.4. 20 to 60 bar (very large)

CHAPTER 6. GLOBAL FLARE GAS RECOVERY SYSTEM MARKET SIZE & FORECASTS BY CONFIGURATION 2022-2032

6.1. Modular
6.2. Skid Mounted

CHAPTER 7. GLOBAL FLARE GAS RECOVERY SYSTEM MARKET SIZE & FORECASTS BY TECHNOLOGY 2022-2032

7.1. Compressor
7.2. Ejector Based

CHAPTER 8. GLOBAL FLARE GAS RECOVERY SYSTEM MARKET SIZE & FORECASTS BY FLOW RATE 2022-2032

8.1. Upto 2 MMSCFD
8.2. 2 to 5 MMSCFD
8.3. 5 TO 10 MMSCFD
8.4. 10 TO 20 MMSCFD
8.5. 20 to 50 MMSCFD

CHAPTER 9. GLOBAL FLARE GAS RECOVERY SYSTEM MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

9.1. Oil & Gas
9.2. Chemical Plants
9.3. Storage Tanks
9.4. Biogas & Landfill
9.5. Industrial flue gas treatment

CHAPTER 10. GLOBAL FLARE GAS RECOVERY SYSTEM MARKET SIZE & FORECASTS BY REGION 2022-2032

10.1. North America Flare Gas Recovery System Market
  10.1.1. U.S. Flare Gas Recovery System Market
    10.1.1.1. Operating Pressure breakdown size & forecasts, 2022-2032
    10.1.1.2. Configuration breakdown size & forecasts, 2022-2032
    10.1.1.3. Technology breakdown size & forecasts, 2022-2032
    10.1.1.4. Flow Rate breakdown size & forecasts, 2022-2032
    10.1.1.5. Application breakdown size & forecasts, 2022-2032
  10.1.2. Canada Flare Gas Recovery System Market
10.2. Europe Flare Gas Recovery System Market
  10.2.1. U.K. Flare Gas Recovery System Market
  10.2.2. Germany Flare Gas Recovery System Market
  10.2.3. France Flare Gas Recovery System Market
  10.2.4. Spain Flare Gas Recovery System Market
  10.2.5. Italy Flare Gas Recovery System Market
  10.2.6. Rest of Europe Flare Gas Recovery System Market
10.3. Asia-Pacific Flare Gas Recovery System Market
  10.3.1. China Flare Gas Recovery System Market
  10.3.2. India Flare Gas Recovery System Market
  10.3.3. Japan Flare Gas Recovery System Market
  10.3.4. Australia Flare Gas Recovery System Market
  10.3.5. South Korea Flare Gas Recovery System Market
  10.3.6. Rest of Asia Pacific Flare Gas Recovery System Market
10.4. Latin America Flare Gas Recovery System Market
  10.4.1. Brazil Flare Gas Recovery System Market
  10.4.2. Mexico Flare Gas Recovery System Market
  10.4.3. Rest of Latin America Flare Gas Recovery System Market
10.5. Middle East & Africa Flare Gas Recovery System Market
  10.5.1. Saudi Arabia Flare Gas Recovery System Market
  10.5.2. South Africa Flare Gas Recovery System Market
  10.5.3. Rest of Middle East & Africa Flare Gas Recovery System Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Key Company SWOT Analysis
  11.1.1. Company
  11.1.2. Company
  11.1.3. Company
11.2. Top Market Strategies
11.3. Company Profiles
  11.3.1. John Zink Hamworthy Combustion LLC
    11.3.1.1. Key Information
    11.3.1.2. Overview
    11.3.1.3. Financial (Subject to Data Availability)
    11.3.1.4. Product Summary
    11.3.1.5. Market Strategies
  11.3.2. Gardner Denver holdings Inc
  11.3.3. Honeywell International Inc
  11.3.4. MAN SE
  11.3.5. SoEnergy International Inc
  11.3.6. Zeeco, Inc.
  11.3.7. Plug Power Inc.
  11.3.8. Wдrtsilд Oyj Abp
  11.3.9. Transvac Systems Limited
  11.3.10. Cimarron Energy, Inc. (Jordan Technologies)

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Flare Gas Recovery System market, report scope
TABLE 2. Global Flare Gas Recovery System market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Flare Gas Recovery System market estimates & forecasts by Operating Pressure 2022-2032 (USD Billion)
TABLE 4. Global Flare Gas Recovery System market estimates & forecasts by Configuration 2022-2032 (USD Billion)
TABLE 5. Global Flare Gas Recovery System market estimates & forecasts by Technology 2022-2032 (USD Billion)
TABLE 6. Global Flare Gas Recovery System market estimates & forecasts by Flow Rate 2022-2032 (USD Billion)
TABLE 7. Global Flare Gas Recovery System market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 8. Global Flare Gas Recovery System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Flare Gas Recovery System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Flare Gas Recovery System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Flare Gas Recovery System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Flare Gas Recovery System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Flare Gas Recovery System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Flare Gas Recovery System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. Global Flare Gas Recovery System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. Global Flare Gas Recovery System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. Global Flare Gas Recovery System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 18. U.S. Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. U.S. Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. U.S. Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. Canada Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 22. Canada Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. Canada Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. UK Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 25. UK Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. UK Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. Germany Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 28. Germany Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. Germany Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. France Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 31. France Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. France Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. Italy Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 34. Italy Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35. Italy Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. Spain Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 37. Spain Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 38. Spain Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39. RoE Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 40. RoE Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 41. RoE Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42. China Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 43. China Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 44. China Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45. India Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 46. India Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 47. India Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48. Japan Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 49. Japan Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 50. Japan Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51. Australia Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 52. Australia Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 53. Australia Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54. South Korea Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 55. South Korea Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 56. South Korea Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 57.
TABLE 58. RoAPAC Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 59. RoAPAC Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 60. RoAPAC Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61. Brazil Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 62. Brazil Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 63. Brazil Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64. Mexico Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 65. Mexico Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 66. Mexico Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67. RoLA Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 68. RoLA Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 69. RoLA Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 70. Saudi Arabia Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 71. Saudi Arabia Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 72. Saudi Arabia Flare Gas Recovery System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 73. South Africa Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74.
TABLE 75. South Africa Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. South Africa Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. RoMEA Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 78. RoMEA Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 79. RoMEA Flare Gas Recovery System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 80. List of secondary sources, used in the study of Global Flare Gas Recovery System Market.
TABLE 81. List of primary sources, used in the study of Global Flare Gas Recovery System Market.
TABLE 82. Years considered for the study.
TABLE 83. Exchange rates considered.

LIST OF FIGURES

FIG 1. Global Flare Gas Recovery System market, research methodology
FIG 2. Global Flare Gas Recovery System market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Flare Gas Recovery System market, key trends 2023
FIG 5. Global Flare Gas Recovery System market, growth prospects 2022-2032
FIG 6. Global Flare Gas Recovery System market, porters 5 force model
FIG 7. Global Flare Gas Recovery System market, pestel analysis
FIG 8. Global Flare Gas Recovery System market, value chain analysis
FIG 9. Global Flare Gas Recovery System market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Flare Gas Recovery System market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Flare Gas Recovery System market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Flare Gas Recovery System market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Flare Gas Recovery System market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Flare Gas Recovery System market, regional snapshot 2022 & 2032
FIG 15. North America Flare Gas Recovery System market 2022 & 2032 (USD Billion)
FIG 16. Europe Flare Gas Recovery System market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Flare Gas Recovery System market 2022 & 2032 (USD Billion)
FIG 18. Latin America Flare Gas Recovery System market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Flare Gas Recovery System market 2022 & 2032 (USD Billion)
FIG 20. Global Flare Gas Recovery System market, company market share analysis (2023)


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