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フレアガス回収システム市場- 世界の産業規模、シェア、動向、機会、予測、容量別、用途別、地域別、競合別セグメント、2018-2028年

Flare Gas Recovery System Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Capacity, By Application, By Region, By Competition, 2018-2028

出版日: | 発行: TechSci Research | ページ情報: 英文 181 Pages | 納期: 2~3営業日

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フレアガス回収システム市場- 世界の産業規模、シェア、動向、機会、予測、容量別、用途別、地域別、競合別セグメント、2018-2028年
出版日: 2023年11月07日
発行: TechSci Research
ページ情報: 英文 181 Pages
納期: 2~3営業日
  • 全表示
  • 概要
  • 目次
概要

フレアガス回収システムの世界市場は、2022年に50億8,000万米ドルと評価され、2028年までのCAGRは6.19%で、予測期間中に堅調な成長が予測されています。

フレアガス回収システム市場とは、特に石油・ガス生産、石油化学、精製などの産業プロセスで発生する余剰ガスや排気ガスを回収、処理、利用する特殊なシステムや技術の設計、生産、設置、メンテナンスに焦点を当てた世界の産業セグメントを指します。これらのシステムは主に、フレアリングによる環境への影響の削減と、これらのガスの経済的価値の最適化という2つの主要な目的に対応するために設計されています。

この市場では、コンプレッサー、セパレーター、パイプライン、貯蔵設備など、さまざまなコンポーネントが採用され、通常であれば燃焼またはフレアリングされて大気中に放出されるガスを回収して方向転換します。フレアガス回収システムは、これらのガスを無駄に放出する代わりに、回収、圧縮し、さらなる産業利用や電気や蒸気などのエネルギー源への変換に利用できるようにします。これにより、有害な排出を最小限に抑え、環境の持続可能性に貢献するだけでなく、企業にとってはコスト削減と新たな収益源を生み出すことになります。

市場概要
予測期間 2024-2028
市場規模2022年 50億8,000万米ドル
2028年の市場規模 76億5,000万米ドル
CAGR 2023-2028 6.19%
急成長セグメント 大容量
最大市場 北米

環境規制、排出削減目標、エネルギー効率向上の追求に後押しされ、フレアガス回収システム市場は、エネルギー集約型産業における環境面と経済面の課題に対処する上で極めて重要な役割を果たしています。気候変動と持続可能性に対する世界の意識が高まり続ける中、貴重な炭化水素資源の価値を最大限に引き出しながら、産業活動が環境に与える影響を緩和する革新的なソリューションを提供するこの市場は、拡大の態勢を整えています。

目次

第1章 概要

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

第5章 フレアガス回収システムの世界市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェアと予測
    • 容量別(小型、中型、大型、超大型)、
    • 用途別(石油精製、化学プラント、ガス処理・NGLプラント、FPSOプラットフォーム、貯蔵タンクベント回収)
    • 地域別
    • 企業別(2022年)
  • 市場マップ

第6章 北米のフレアガス回収システム市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェア・予測
    • 容量別
    • 用途別
    • 国別
  • 北米:国別分析
    • 米国
    • カナダ
    • メキシコ

第7章 欧州のフレアガス回収システム市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェア・予測
    • 容量別
    • 用途別
    • 国別
  • 欧州国別分析
    • ドイツ
    • 英国
    • イタリア
    • フランス
    • スペイン

第8章 アジア太平洋のフレアガス回収システム市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェア・予測
    • 容量別
    • 用途別
    • 国別
  • アジア太平洋:国別分析
    • 中国
    • インド
    • 日本
    • 韓国
    • オーストラリア

第9章 南米のフレアガス回収システム市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェア・予測
    • 容量別
    • 用途別
    • 国別
  • 南米:国別分析
    • ブラジル
    • アルゼンチン
    • コロンビア

第10章 中東・アフリカのフレアガス回収システム市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェアと予測
    • 容量別
    • 用途別
    • 国別
  • 中東・アフリカ:国別分析
    • 南アフリカ
    • サウジアラビア
    • アラブ首長国連邦
    • クウェート
    • トルコ

第11章 市場力学

  • 促進要因
  • 課題

第12章 市場動向と発展

第13章 企業プロファイル

  • Baker Hughes Company
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • Schlumberger NV
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • Halliburton Corp.
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • Calfrac Well Services Ltd
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • Trican Well Service Ltd
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • Exterran Partners L.P
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • NOV Inc
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • Weatherford International Plc
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • GE Oil & Gas
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered
  • Honeywell International Inc
    • Business Overview
    • Key Revenue and Financials
    • Recent Developments
    • Key Personnel/Key Contact Person
    • Key Product/Services Offered

第14章 戦略的提言

第15章 調査会社について・免責事項

目次
Product Code: 19738

Global Flare Gas Recovery System Market was valued at USD 5.08 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.19% through 2028.

The flare gas recovery system market refers to the global industry segment focused on the design, production, installation, and maintenance of specialized systems and technologies that capture, process, and utilize excess or vented gases generated by industrial processes, particularly in sectors like oil and gas production, petrochemicals, and refining. These systems are primarily designed to address two key objectives: reducing the environmental impact of flaring and optimizing the economic value of these gases.

In this market, various components, including compressors, separators, pipelines, and storage facilities, are employed to capture and redirect gases that would otherwise be burned or flared into the atmosphere. Instead of wastefully releasing these gases, flare gas recovery systems recover, compress, and make them available for further industrial use or conversion into energy sources such as electricity or steam. This not only minimizes harmful emissions and contributes to environmental sustainability but also generates cost savings and additional revenue streams for companies.

Market Overview
Forecast Period2024-2028
Market Size 2022USD 5.08 Billion
Market Size 2028USD 7.65 Billion
CAGR 2023-20286.19%
Fastest Growing SegmentLarge Capacity
Largest MarketNorth America

Driven by environmental regulations, emissions reduction goals, and the pursuit of improved energy efficiency, the flare gas recovery system market plays a pivotal role in addressing both environmental and economic challenges within energy-intensive industries. As global awareness of climate change and sustainability continues to grow, the market is poised for expansion, offering innovative solutions to mitigate the impact of industrial activities on the environment while maximizing the value of valuable hydrocarbon resources.

Key Market Drivers

Environmental Regulations and Emissions Reduction

The global flare gas recovery system market has experienced significant growth due to stringent environmental regulations aimed at reducing greenhouse gas emissions and minimizing air pollution. Flaring of associated gas during oil and gas production and refining processes is a major source of methane emissions and other harmful pollutants. To combat this issue, governments and international organizations have imposed strict regulations and emissions reduction targets. This has driven the adoption of flare gas recovery systems, which capture and utilize the otherwise wasted gases, reducing both environmental impact and economic losses.

Flare gas recovery systems help companies comply with emissions reduction goals and avoid costly penalties. Furthermore, the recovered gases can be utilized for power generation or sold, providing an additional revenue stream for companies in the oil and gas sector. As environmental consciousness continues to grow, the demand for flare gas recovery systems is expected to rise, making it a critical driver of the market's expansion.

Energy Efficiency and Cost Savings

Efficiency and cost savings are pivotal drivers in the global flare gas recovery system market. Flaring represents a significant economic loss for companies in the energy industry, as it results in the wastage of valuable natural resources. Flare gas recovery systems enable companies to capture and repurpose this gas, converting it into a valuable energy source. This not only reduces operational expenses but also contributes to the overall sustainability of operations.

By harnessing flare gas for power generation or other industrial processes, companies can decrease their reliance on external energy sources, cutting down on energy procurement costs. The return on investment (ROI) for flare gas recovery systems is compelling, making them an attractive option for energy-intensive industries such as oil and gas production, petrochemicals, and refining.

Technological Advancements and Innovation

Advancements in technology have been instrumental in driving the growth of the flare gas recovery system market. Over the years, there have been significant improvements in the design, efficiency, and reliability of flare gas recovery systems. Innovative technologies, such as microturbines, expanders, and advanced control systems, have made it possible to recover and utilize smaller volumes of flare gas effectively.

Moreover, the integration of IoT (Internet of Things) and data analytics has allowed for real-time monitoring and optimization of flare gas recovery systems, enhancing their overall performance. These technological advancements have not only increased the efficiency of flare gas recovery but have also made the systems more cost-effective and easier to maintain. As technology continues to evolve, we can expect further innovations that will drive the market forward.

Increasing Oil and Gas Production

The global demand for energy continues to rise, leading to increased oil and gas production activities. With this growth comes a corresponding increase in flare gas generation. Flare gas recovery systems are essential in managing this excess gas, ensuring that it is not wasted and reducing the environmental impact of the energy industry.

The expansion of oil and gas production into remote and offshore areas has also led to an increased need for flare gas recovery systems. These systems can be deployed in various settings, from onshore production facilities to offshore platforms, making them versatile solutions for the energy sector.

Corporate Social Responsibility (CSR)

Corporate social responsibility (CSR) has become a core focus for many companies across industries. Environmental sustainability and responsible resource management are key components of CSR initiatives. As a result, companies are increasingly adopting flare gas recovery systems to demonstrate their commitment to reducing carbon emissions and minimizing their ecological footprint.

Investors, shareholders, and consumers are placing greater importance on CSR practices when evaluating companies. This has created a strong incentive for businesses to invest in technologies like flare gas recovery systems that align with sustainable and environmentally conscious objectives.

Global Energy Transition

The global energy landscape is undergoing a profound transformation as the world shifts toward cleaner and more sustainable energy sources. This transition involves a decreased reliance on fossil fuels and an increased emphasis on renewable energy and cleaner technologies. Flare gas recovery systems play a role in this transition by helping to reduce the environmental impact of traditional energy production processes.

As governments and industries commit to reducing carbon emissions and transitioning to greener energy sources, flare gas recovery systems are seen as a crucial component of the bridge between the old and new energy systems. They enable companies to minimize the carbon footprint of their operations while still utilizing existing energy resources.

In conclusion, the global flare gas recovery system market is driven by a combination of environmental regulations, cost-saving incentives, technological advancements, increased oil and gas production, corporate social responsibility, and the ongoing global energy transition. These drivers collectively create a strong momentum for the adoption of flare gas recovery systems, contributing to their sustained growth and relevance in the energy sector. As these trends continue to evolve, the market is expected to expand further, offering both environmental and economic benefits to a wide range of industries.

Government Policies are Likely to Propel the Market

Emissions Reduction Targets and Regulations

Emissions reduction targets and regulations are instrumental in shaping the global flare gas recovery system market. Governments worldwide have recognized the detrimental environmental impact of flaring associated gas during oil and gas production and refining activities. In response, they have implemented strict policies aimed at reducing these emissions.

One such policy is the imposition of emissions reduction targets, often outlined in national climate action plans or international agreements such as the Paris Agreement. These targets mandate that companies in the energy sector minimize their flaring activities and capture and utilize the released gases through flare gas recovery systems.

Governments also enforce emissions limits and penalties for non-compliance, compelling companies to invest in flare gas recovery technologies to avoid financial repercussions. These policies not only mitigate the environmental impact of flaring but also drive the adoption of flare gas recovery systems, making them a crucial component of energy industry compliance.

Economic Incentives and Subsidies

To further encourage the adoption of flare gas recovery systems, many governments offer economic incentives and subsidies to companies willing to invest in these technologies. These incentives can take various forms, including tax credits, grants, or low-interest loans specifically earmarked for flare gas recovery projects.

By providing financial support, governments reduce the initial investment barrier for companies, making flare gas recovery systems more economically viable. This, in turn, accelerates the market's growth and promotes the development of innovative technologies in this sector.

In some cases, governments may also establish trading schemes that allow companies to earn carbon credits or offsets by reducing flaring through the use of flare gas recovery systems. These credits can be sold on the open market, providing an additional source of revenue and further incentivizing adoption.

Environmental Impact Assessments and Permits

Environmental impact assessments (EIAs) and permitting processes are essential regulatory measures that shape the deployment of flare gas recovery systems. Before implementing such systems, companies are often required to undergo comprehensive EIAs to evaluate the potential environmental consequences of their operations.

Government agencies review these assessments to determine whether the proposed flare gas recovery systems comply with environmental standards and regulations. Successful assessments result in the issuance of permits that allow companies to install and operate flare gas recovery systems.

These policies ensure that flare gas recovery projects are executed in an environmentally responsible manner, minimizing any adverse effects on local ecosystems and communities. They also play a vital role in the broader environmental protection framework, aligning with the government's commitment to sustainable resource management.

Taxation and Carbon Pricing

Taxation and carbon pricing mechanisms are powerful tools governments employ to drive the adoption of flare gas recovery systems and reduce greenhouse gas emissions. Some governments impose taxes or levies on the flaring of associated gas, effectively increasing the cost of waste. These taxes create a financial incentive for companies to capture and utilize flare gas instead.

Carbon pricing, through mechanisms such as cap-and-trade systems or carbon taxes, also places a monetary value on carbon emissions. Companies that reduce their emissions by implementing flare gas recovery systems can benefit financially by lowering their carbon liability. This, in turn, stimulates investment in technologies that reduce flaring.

Such policies not only align with broader climate change mitigation strategies but also generate revenue that can be reinvested in environmental and sustainability initiatives.

Energy Transition and Renewable Energy Targets

Many governments worldwide are committed to transitioning to cleaner and more sustainable energy sources, often outlined in renewable energy targets. These targets may include the expansion of renewable energy capacity, reduction of fossil fuel dependence, and improvements in overall energy efficiency.

Flare gas recovery systems play a crucial role in this transition by reducing emissions associated with fossil fuel extraction and refining. Governments may provide incentives and support for companies that integrate flare gas recovery technologies into their operations as part of their contribution to the energy transition.

Additionally, governments may set renewable energy procurement goals for their own operations, leading to increased demand for flare gas recovery systems to harness clean energy from captured gases.

International Collaboration and Agreements

Government policies related to international collaboration and agreements have a significant impact on the global flare gas recovery system market. Multilateral agreements, such as the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement, create a framework for countries to work together to combat climate change and reduce greenhouse gas emissions.

Participating countries commit to specific emission reduction targets and cooperate on technology transfer and capacity building. Flare gas recovery systems, being a crucial component of emissions reduction, often benefit from these international agreements.

Governments may also engage in bilateral agreements or partnerships to promote the exchange of flare gas recovery technologies and best practices. These collaborations enhance the global market's growth by facilitating the transfer of knowledge and resources.

In conclusion, government policies have a profound influence on the global flare gas recovery system market. Emissions reduction targets and regulations, economic incentives and subsidies, environmental impact assessments and permits, taxation and carbon pricing, renewable energy targets, and international collaboration and agreements all shape the adoption and expansion of flare gas recovery systems. These policies not only reduce environmental impact but also promote economic efficiency and sustainability within the energy sector, ultimately benefiting society as a whole.

Key Market Challenges

High Initial Capital Investment and Return on Investment (ROI)

One of the primary challenges facing the global flare gas recovery system market is the high initial capital investment required for the installation and implementation of these systems. Flare gas recovery systems involve the installation of specialized equipment, including compressors, separators, pipelines, and storage facilities. Additionally, there are costs associated with engineering, design, and project management.

The capital investment required can be substantial, particularly for large-scale oil and gas facilities. Companies must carefully assess their financial capabilities and project budgets to determine the feasibility of implementing flare gas recovery systems. Smaller operators or companies with limited access to capital may find it challenging to justify these investments, despite the potential long-term benefits.

Furthermore, the return on investment (ROI) for flare gas recovery systems may not be immediate, and it often depends on various factors, including the volume of flared gas, gas prices, and regulatory conditions. In some cases, it may take several years to recoup the initial investment through gas savings and revenue generated from selling recovered gas.

To address this challenge, companies often require innovative financing options, such as project financing, to spread the cost over time. Additionally, governments and financial institutions can play a role in incentivizing the adoption of flare gas recovery systems by providing subsidies, low-interest loans, or tax incentives that improve the financial attractiveness of these projects.

Despite these challenges, it's essential to recognize that the long-term benefits of flare gas recovery systems, such as reduced operational costs, increased revenue from recovered gas, and compliance with environmental regulations, can outweigh the initial investment. Therefore, overcoming the financial hurdle is critical for the continued growth of the market.

Technical and Operational Complexity

Another significant challenge in the global flare gas recovery system market is the technical and operational complexity associated with these systems. Flare gas recovery systems involve intricate engineering and design, as well as the integration of various components to capture, compress, and transport flare gases effectively.

One of the technical complexities involves managing variations in gas composition and flow rates. Flare gas can vary significantly in terms of composition, with components such as methane, ethane, propane, and hydrogen sulfide present in varying concentrations. Handling these variations requires sophisticated equipment and control systems capable of adapting to changing conditions.

Moreover, the operational complexity arises from the need for continuous monitoring, maintenance, and troubleshooting of flare gas recovery systems. Proper operation is crucial to ensure the safety and efficiency of the system. Failures or malfunctions can lead to safety risks, operational downtime, and potential environmental issues.

In addition to the technical and operational complexities, the integration of flare gas recovery systems into existing oil and gas facilities can pose challenges. Retrofitting existing facilities with these systems may require modifications to infrastructure and processes, which can be disruptive and time-consuming.

To address these challenges, companies often invest in comprehensive training programs for personnel responsible for operating and maintaining flare gas recovery systems. This training helps ensure that operators are well-equipped to manage the complexities associated with these systems and respond effectively to technical issues.

Furthermore, ongoing research and development efforts are essential to simplify system design, improve reliability, and reduce maintenance requirements. Manufacturers in the flare gas recovery system market are continuously working to develop more user-friendly and efficient technologies that can mitigate these challenges and enhance the adoption of these systems.

In conclusion, while the global flare gas recovery system market offers significant environmental and economic benefits, it faces challenges related to the high initial capital investment and ROI considerations, as well as the technical and operational complexities associated with these systems. Overcoming these challenges will require a combination of financial incentives, innovative financing options, ongoing training, and advancements in technology to make flare gas recovery systems more accessible and manageable for a wider range of industries and operators.

Segmental Insights

Medium Insights

The Floor-Standing segment held the largest Market share in 2022. Medium-capacity flare gas recovery systems strike a balance between handling significant volumes of flare gas efficiently and being adaptable to a wide range of industrial settings. They are suitable for both small-to-mid-sized facilities and larger operations, making them versatile and widely applicable. Medium-capacity systems often provide an attractive return on investment (ROI). They are generally more cost-effective than very large-capacity systems, which require substantial upfront capital investment and may not be warranted for facilities with moderate flare gas volumes. The moderate cost of medium-capacity systems makes them accessible to a broader range of industries and projects. Many regions worldwide have implemented stringent environmental regulations that require companies to reduce flaring and capture flare gases. Medium-capacity systems offer an efficient and cost-effective solution for companies to meet these regulatory requirements while avoiding the significant costs associated with larger, more complex systems. In various industries, such as oil and gas production, petrochemicals, and refineries, medium-sized facilities make up a significant portion of the market. These industries generate a substantial but not excessive amount of flare gas, making medium-capacity systems a practical choice for managing emissions and optimizing resource utilization. Medium-capacity flare gas recovery systems are designed to provide efficient operation and are often well-suited to the operational needs of mid-sized facilities. They are engineered to capture and process flare gases effectively while minimizing energy consumption and maintenance requirements. Medium-capacity systems can often be easily scaled up or down to accommodate changes in flare gas volumes due to variations in production or process conditions. This scalability provides operational flexibility, which is especially important in industries with dynamic operational requirements. Over time, medium-capacity systems have gained widespread market acceptance due to their proven track record of effectively reducing flare gas emissions and providing financial benefits through gas recovery. As more companies adopt these systems, they become the industry norm in many regions. Many companies are increasingly focused on corporate social responsibility and reducing their environmental impact. Medium-capacity flare gas recovery systems align with these objectives by helping companies minimize emissions and demonstrate their commitment to sustainability.

Petroleum Refineries Insights

The Petroleum Refineries segment held the largest Market share in 2022. Petroleum refineries are known for generating substantial volumes of flare gas as a byproduct of their complex and energy-intensive operations. The refining process involves various stages, such as distillation, cracking, and reforming, which release gases that are typically flared if not captured and recovered. The sheer quantity of flare gas produced in refineries makes the implementation of flare gas recovery systems highly advantageous. Refineries operate in a highly regulated environment due to the environmental impact of their activities. Stringent environmental regulations, both at the regional and international levels, have imposed strict limits on flaring emissions. Flare gas recovery systems enable refineries to comply with these regulations by capturing and treating flare gases, reducing emissions, and minimizing their environmental footprint. Beyond regulatory compliance, petroleum refineries see economic benefits in adopting flare gas recovery systems. Recovered gases, which would otherwise be wasted through flaring, can be used as valuable resources. Refineries can utilize these gases for on-site power generation, heating processes, or as feedstock for other chemical processes. These applications contribute to cost savings, enhance energy efficiency, and generate additional revenue streams. Flare gas recovery systems improve the overall operational efficiency of refineries. By capturing and utilizing flare gases, refineries reduce the need for external energy sources, resulting in reduced operational costs. Moreover, the recovered gases can be integrated into the refinery's energy infrastructure, providing a reliable source of energy for various processes. The use of flare gas recovery systems in petroleum refineries has a long history and is a well-established practice. As a result, the technology and expertise in implementing these systems have matured within the industry. Many refineries have successfully integrated flare gas recovery into their operations, making it a common and accepted practice. Refineries that have implemented flare gas recovery systems have seen tangible benefits in terms of emissions reduction, cost savings, and improved sustainability. This success has led to a positive feedback loop, encouraging other refineries to adopt similar technologies. Petroleum refineries are widespread globally, with operations in various regions. Their collective impact on flare gas emissions is substantial. Consequently, the dominance of flare gas recovery systems in refineries aligns with global efforts to reduce flaring and mitigate climate change.

.

Regional Insights

North America

North America was the largest market for flare gas recovery systems, with a market share of over 30% in 2022. The growth of the market in North America is attributed to the following factors:

Stringent government regulations on gas flaring

Increasing demand for energy, which is leading to increased oil and gas production

Rising awareness of the environmental impact of gas flaring

Technological advancements in flare gas recovery systems

The major players in the North American flare gas recovery system market include Baker Hughes, Schlumberger, Halliburton, Calfrac Well Services, and Trican Well Service.

Europe

Europe was the second-largest market for flare gas recovery systems, with a market share of over 25% in 2022. The growth of the market in Europe is attributed to the following factors:

Rising awareness of the environmental impact of gas flaring

Increasing investments in renewable energy

The major players in the European flare gas recovery system market include Exterran Partners, National Oilwell Varco, Weatherford International, and GE Oil & Gas.

Asia Pacific

Asia Pacific was the third-largest market for flare gas recovery systems, with a market share of over 20% in 2022. The growth of the market in Asia Pacific is attributed to the following factors:

Increasing oil and gas production

Growing demand for energy in the region

The major players in the Asia Pacific flare gas recovery system market include Honeywell International, TechnipFMC, and Mitsui E&P Engineering.

Key Market Players

Baker Hughes Company

Schlumberger NV

Halliburton Corp.

Calfrac Well Services Ltd

Trican Well Service Ltd

Exterran Partners L.P

NOV Inc

Weatherford International Plc

GE Oil & Gas

Honeywell International Inc

Report Scope:

In this report, the Global Flare Gas Recovery System Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Flare Gas Recovery System Market, By Capacity:

  • Small
  • Medium
  • Large
  • Very Large

Flare Gas Recovery System Market, By Application:

  • Petroleum Refineries
  • Chemical Plants
  • Gas Treatment and NGL Plants
  • FPSO Platforms
  • Storage Tank Vent Recovery

Flare Gas Recovery System Market, By Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait
  • Turkey

Competitive Landscape

  • Company Profiles: Detailed analysis of the major companies present in the Global Flare Gas Recovery System Market.

Available Customizations:

  • Global Flare Gas Recovery System Market report with the given Market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional Market players (up to five).

Table of Contents

1. Product Overview

  • 1.1. Market Definition
  • 1.2. Scope of the Market
    • 1.2.1. Markets Covered
    • 1.2.2. Years Considered for Study
  • 1.3. Key Market Segmentations

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Formulation of the Scope
  • 2.4. Assumptions and Limitations
  • 2.5. Sources of Research
    • 2.5.1. Secondary Research
    • 2.5.2. Primary Research
  • 2.6. Approach for the Market Study
    • 2.6.1. The Bottom-Up Approach
    • 2.6.2. The Top-Down Approach
  • 2.7. Methodology Followed for Calculation of Market Size & Market Shares
  • 2.8. Forecasting Methodology
    • 2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Voice of Customer

5. Global Flare Gas Recovery System Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Capacity (Small, Medium, Large, Very Large),
    • 5.2.2. By Application (Petroleum Refineries, Chemical Plants, Gas Treatment and NGL Plants, FPSO Platforms, Storage Tank Vent Recovery)
    • 5.2.3. By Region
    • 5.2.4. By Company (2022)
  • 5.3. Market Map

6. North America Flare Gas Recovery System Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Capacity
    • 6.2.2. By Application
    • 6.2.3. By Country
  • 6.3. North America: Country Analysis
    • 6.3.1. United States Flare Gas Recovery System Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Capacity
        • 6.3.1.2.2. By Application
    • 6.3.2. Canada Flare Gas Recovery System Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Capacity
        • 6.3.2.2.2. By Application
    • 6.3.3. Mexico Flare Gas Recovery System Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Capacity
        • 6.3.3.2.2. By Application

7. Europe Flare Gas Recovery System Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Capacity
    • 7.2.2. By Application
    • 7.2.3. By Country
  • 7.3. Europe: Country Analysis
    • 7.3.1. Germany Flare Gas Recovery System Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Capacity
        • 7.3.1.2.2. By Application
    • 7.3.2. United Kingdom Flare Gas Recovery System Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Capacity
        • 7.3.2.2.2. By Application
    • 7.3.3. Italy Flare Gas Recovery System Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Capacity
        • 7.3.3.2.2. By Application
    • 7.3.4. France Flare Gas Recovery System Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Capacity
        • 7.3.4.2.2. By Application
    • 7.3.5. Spain Flare Gas Recovery System Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Capacity
        • 7.3.5.2.2. By Application

8. Asia-Pacific Flare Gas Recovery System Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Capacity
    • 8.2.2. By Application
    • 8.2.3. By Country
  • 8.3. Asia-Pacific: Country Analysis
    • 8.3.1. China Flare Gas Recovery System Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Capacity
        • 8.3.1.2.2. By Application
    • 8.3.2. India Flare Gas Recovery System Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Capacity
        • 8.3.2.2.2. By Application
    • 8.3.3. Japan Flare Gas Recovery System Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Capacity
        • 8.3.3.2.2. By Application
    • 8.3.4. South Korea Flare Gas Recovery System Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Capacity
        • 8.3.4.2.2. By Application
    • 8.3.5. Australia Flare Gas Recovery System Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Capacity
        • 8.3.5.2.2. By Application

9. South America Flare Gas Recovery System Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Capacity
    • 9.2.2. By Application
    • 9.2.3. By Country
  • 9.3. South America: Country Analysis
    • 9.3.1. Brazil Flare Gas Recovery System Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Capacity
        • 9.3.1.2.2. By Application
    • 9.3.2. Argentina Flare Gas Recovery System Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Capacity
        • 9.3.2.2.2. By Application
    • 9.3.3. Colombia Flare Gas Recovery System Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Capacity
        • 9.3.3.2.2. By Application

10. Middle East and Africa Flare Gas Recovery System Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Capacity
    • 10.2.2. By Application
    • 10.2.3. By Country
  • 10.3. Middle East and Africa: Country Analysis
    • 10.3.1. South Africa Flare Gas Recovery System Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Capacity
        • 10.3.1.2.2. By Application
    • 10.3.2. Saudi Arabia Flare Gas Recovery System Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Capacity
        • 10.3.2.2.2. By Application
    • 10.3.3. UAE Flare Gas Recovery System Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Capacity
        • 10.3.3.2.2. By Application
    • 10.3.4. Kuwait Flare Gas Recovery System Market Outlook
      • 10.3.4.1. Market Size & Forecast
        • 10.3.4.1.1. By Value
      • 10.3.4.2. Market Share & Forecast
        • 10.3.4.2.1. By Capacity
        • 10.3.4.2.2. By Application
    • 10.3.5. Turkey Flare Gas Recovery System Market Outlook
      • 10.3.5.1. Market Size & Forecast
        • 10.3.5.1.1. By Value
      • 10.3.5.2. Market Share & Forecast
        • 10.3.5.2.1. By Capacity
        • 10.3.5.2.2. By Application

11. Market Dynamics

  • 11.1. Drivers
  • 11.2. Challenges

12. Market Trends & Developments

13. Company Profiles

  • 13.1. Baker Hughes Company
    • 13.1.1. Business Overview
    • 13.1.2. Key Revenue and Financials
    • 13.1.3. Recent Developments
    • 13.1.4. Key Personnel/Key Contact Person
    • 13.1.5. Key Product/Services Offered
  • 13.2. Schlumberger NV
    • 13.2.1. Business Overview
    • 13.2.2. Key Revenue and Financials
    • 13.2.3. Recent Developments
    • 13.2.4. Key Personnel/Key Contact Person
    • 13.2.5. Key Product/Services Offered
  • 13.3. Halliburton Corp.
    • 13.3.1. Business Overview
    • 13.3.2. Key Revenue and Financials
    • 13.3.3. Recent Developments
    • 13.3.4. Key Personnel/Key Contact Person
    • 13.3.5. Key Product/Services Offered
  • 13.4. Calfrac Well Services Ltd
    • 13.4.1. Business Overview
    • 13.4.2. Key Revenue and Financials
    • 13.4.3. Recent Developments
    • 13.4.4. Key Personnel/Key Contact Person
    • 13.4.5. Key Product/Services Offered
  • 13.5. Trican Well Service Ltd
    • 13.5.1. Business Overview
    • 13.5.2. Key Revenue and Financials
    • 13.5.3. Recent Developments
    • 13.5.4. Key Personnel/Key Contact Person
    • 13.5.5. Key Product/Services Offered
  • 13.6. Exterran Partners L.P
    • 13.6.1. Business Overview
    • 13.6.2. Key Revenue and Financials
    • 13.6.3. Recent Developments
    • 13.6.4. Key Personnel/Key Contact Person
    • 13.6.5. Key Product/Services Offered
  • 13.7. NOV Inc
    • 13.7.1. Business Overview
    • 13.7.2. Key Revenue and Financials
    • 13.7.3. Recent Developments
    • 13.7.4. Key Personnel/Key Contact Person
    • 13.7.5. Key Product/Services Offered
  • 13.8. Weatherford International Plc
    • 13.8.1. Business Overview
    • 13.8.2. Key Revenue and Financials
    • 13.8.3. Recent Developments
    • 13.8.4. Key Personnel/Key Contact Person
    • 13.8.5. Key Product/Services Offered
  • 13.9. GE Oil & Gas
    • 13.9.1. Business Overview
    • 13.9.2. Key Revenue and Financials
    • 13.9.3. Recent Developments
    • 13.9.4. Key Personnel/Key Contact Person
    • 13.9.5. Key Product/Services Offered
  • 13.10. Honeywell International Inc
    • 13.10.1. Business Overview
    • 13.10.2. Key Revenue and Financials
    • 13.10.3. Recent Developments
    • 13.10.4. Key Personnel/Key Contact Person
    • 13.10.5. Key Product/Services Offered

14. Strategic Recommendations

15. About Us & Disclaimer