Flare Gas Recovery System Market Analysis

Application (Oil & Gas, Chemical Plants, Industrial Gas Treatment, Bio-gas Treatment)

Oil & Gas segment is poised to hold 42% share of the global flare gas recovery system market by 2036. Flare gas recovery systems are widely used in climate-compatible oil and gas production. A flare gas recovery system is a crucial piece of equipment for safety and operation in crude oil refineries. This system helps to continually burn vent gases before evacuated in the atmosphere. Also, it is significantly adopting O&G applications for reused gas in furnaces, turbines, and Heat Exchangers.

Operating Pressure (Up to 5 bar, 5 to 10 bar, 10 to 20 bar, and 20 to 60 bar)

Up to 5 bar operating pressure segment in the flare gas recovery system market is expected to hold the majority revenue share over the forecast period. The 5 bar operating pressure systems are designed for the recycling of methane and Lpg gas, as well as efficient transfer into storage tanks. To prevent gas from catching fire directly, the process involves several analyzers. This system has been implemented by several chemical industries to reduce and control greenhouse gas emissions, as well as save operating costs. In addition, the operation of a 5-bar operating pressure system requires less maintenance.

Our in-depth analysis of the global flare gas recovery system market includes the following segments:

Application	Oil & Gas Chemical Plants Industrial Gas Treatment Bio-gas Treatment
Operating Pressure	Up to 5 bar 5 to 10 bar 10 to 20 bar 20 to 60 bar
Capacity	Small Medium Large Very Large
Type	Upstream Downstream

Frequently Asked Questions (FAQ)

Growing awareness about clean energy, volatile oil prices, growing applications in end sector, concerns related to energy conversation are some the major market growth factors.

The market size of flare gas recovery system anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market are Gardner Denver, Honeywell International Inc., MAN, So Energy, KASRAVAND Co., GENERON, CHEM Group MPR Services, LLC., MPR Associates, Inc., ZEECO, INC., Cosmo Engineering Co., Ltd. And others.

The oil & gas segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Flare Gas Recovery System Market Analysis