Flare Gas Recovery System Market, By Capacity, By Component and By Geography- Growth, Future Prospects and Competitive Analysis, 2017 - 2025, the global flare gas recovery system market was valued at US$ 1,438.8 Mn in 2016, and is expected to each US$ 4,219.8 Mn by 2025, expanding at a CAGR of 12.9 % from 2017 to 2025.
Global flare gas recovery system market is projected to gain impulse with growing inclination of end use industry to reduce H2S flaring, reduce smoking of flare gas, minimize fuel expenditure by using flare gas as fuel and comply regulatory requirements resulting in adoption of flare gas recovery systems. Rising environmental concerns over the emission of greenhouse gases influencing governments to adopt stringent regulation over emission of flare gases. Further, increasing production of natural gas and non-conventional shale gas is projected to fuel the demand of during the forecast period.
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North America is projected to be the most dominant market in global flare gas recovery systems market. Wide adoption of flare gas recovery systems due to stringent regulations over the emission of greenhouse gases and growing production of shale gas is expected to drive the demand of flare gas recovery system in the region. Followed by it, Europe is anticipated to be the second largest market in global flare gas recovery market. However, the market in the Europe have become mature and is projected to lose its market share by 2025. Latin America and Asia Pacific to witness significant growth owing to growth of end use industries in the region over the forecast period (2017-2025).
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1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Flare Gas Recovery Market Snapshot
2.1.1. Global Flare Gas Recovery Market by Capacity, 2016
2.1.2. Global Flare Gas Recovery Market by Component, 2016
2.1.3. Global Flare Gas Recovery Market by Geography, 2016
2.1.4. Market Drivers, Challenges and Trends
2.1.5. Key Players
3. Global Flare Gas Recovery Market Dynamics
3.1. Market Overview
3.4. Future Prospects
3.5. Impact Analysis of Drivers and Challenges
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power Of Suppliers
3.6.2. Bargaining Power Of Buyers
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Industry Rivalry
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