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Flare Gas Recovery Systems Market Analysis, Market Size,

Application Analysis, Regional Outlook, Competitive
Strategies And Forecasts, 2014 To 2020

Market Overview
According to Hexa Research, the flare gas recovery systems market is likely to grow from USD 930.6
million in 2014 to 1, 019.7 million in 2020. The market would observe over 13.7 percent CAGR in the
upcoming years. Flare gas recovery systems (FGRSs) assist in recovering waste gas and making the latter
available for power generation in confined utilization.
Flaring of natural gases helps in increasing carbon emission volumes by a great extent. Owing to rising
carbon footprints, global warming, and surging carbon control, governments and regulatory
organizations are taking initiatives to install flare gas recovery systems. However, one of the major
reasons why companies are unwilling to install the same is because of their high costs.
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This serves as a hindrance for the flare gas recovery systems market and slows down its pace. The
formulation of flaring reduction targets such as Zero Flare by 2025 by the World Bank and additional
initiatives by oil and gas firms ensure optimum energy consumption.
Trends
FGRS manufacturers are developing innovative products to strengthen their position in the industry.
They are also taking measures to improve in terms of technology. For example, a U.K. based company
known as Transvac has recently proclaimed an online software launch used for gas screening and
compression
Emerging countries with reduced awareness about FGRSs offer less opportunities to FGRS
manufacturers. Awareness campaigns of nonprofit organizations will compel the government to limit
regulations governing flaring in the oil and gas sector. One of the other market trends includes FGRS
installations.
These installations are frequently observed as an act of corporate societal accountability. Developing
regions would witness escalating FGRS installations during the second half of the forecast phase. This
would be owing to the necessity for decreasing carbon ejections.
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Some Advantages of FGRSs

Reduced Maintenance Costs: The installation of FGRSs results in less expenses for their
maintenance.

Enhanced Operational Efficiency: FGRSs assist in power production for confined use. Unwanted
gas, or waste gas could be used for various industrial applications. These factors, to a large
extent, improve the operational efficiency of FGRSs.

Types
The flare gas recovery systems market is divided into small, medium, large, and very large systems. In
2014, small, and medium systems led the market by volume. Due to high prices; large capacity systems
led the market with regard to value. Very large systems are likely to go through high growth in the years
to come.

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They would contribute over 42% share in the global market with respect to volume. This segment will
grow at a CAGR of 15.2% in the forthcoming years. Additionally, capacity expansion plans, and escalating
investments in the sector of oil and gas are projected to drive the demand for small capacity systems
over the forecast phase.
Components
Compressors, heat exchangers, gaskets, and separators are the key components in the flare gas recovery
systems market. The most crucial segment is compressors. Among compressors, liquid rings are in huge
demand. This is due to their improved performance, and low-maintenance requirements. This segment
is expected to go through high growth over the forecast phase.
Regions
In terms of value and volume, the North American flare gas recovery systems market is likely to maintain
its shares of 32.1% and 32.8% respectively. Moreover; the regions of Asia Pacific and South America are
likely to witness high expansion at a CAGR of 17.2% and 16.5% respectively. In 2014, Europe and North
America dominated the market in relation to value.
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Both of them would dominate the worldwide flare gas recovery systems market over the forecast phase.
Due to rising consciousness, and mounting concerns regarding conservation issues, emergent regions
are likely to experience respectable figures in the years ahead. The other emerging markets would grow
at 470 basis points. They contributed about USD 457 million. These developing regions also left FGRS
manufacturers with prospects for further development.
Market Participants
The leading flare gas recovery systems market organizations include MPR Industries, Zeeco, Wartsila and
Nash (Gardener Denver), UOP Honeywell, John Zink Hamworthy Combustion, and Ro-flo Compressors
Inc.
Table of Contents

Executive Summary & Digital Transformation industry critical success factors

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Industry Outlook
Industry Dynamics
Flare Gas Recovery Systems drivers
Flare Gas Recovery Systems restraints
Flare Gas Recovery Systems Key Market Opportunities
Flare Gas Recovery Systems Porters Analysis
Flare Gas Recovery Systems - PESTEL Analysis
Flare Gas Recovery Systems - Company Market Share Analysis
Flare Gas Recovery Systems Application Outlook
Flare Gas Recovery Systems Regional Outlook
Flare Gas Recovery Systems Company profiles
Research Methodology
Research scope & assumptions
List of data sources

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