Global flare monitoring market is expected to reach million by 2025 and is projected to register at a CAGR of 7.9 % in the forecast period of 2018 to 2025.
The flare monitoring is used to monitor the characteristics of the flare out of the flames from industrial sector and also to restore the gases for environment prevention, for cost saving which can be reused and also helps in maintaining the standardized gases footprints according to the Environmental Protection Agency (EPA). Flares are organic compounds and toxic emission sources to environment. To operate within the allocated flare limits, an industry requires flare management plan and continuous parameter monitoring system. It protects from the premature replacement of machinery and parts reduce lubricant consumption and helps in the generation of less waste. It is used in oil& gas, chemical, petrochemical & refineries applications.
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Global Flare Monitoring Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flare monitoring market for global, Europe, North America, Asia pacific and South America.
Major Market Drivers & Restraints:
- Strict local and global environmental regulations increased the need for controlling waste gas combustion parameters.
- Ease of using direct flare monitoring systems.
- Oil & gas and petrochemical industries are evolved.
- Switch towards eliminating flaring.
Global Flare Monitoring Market Competitive Analysis:
Some of the prominent participants operating in this market are ABB, Ametek Incorporation, Eaton Hernis Scan Systems, Emerson Electric, Endress + Hauser AG, Fluenta AS, Oleumtech Corporation, MKS Instruments, TKH Security Solutions, FLIR Systems Incorporation and others.
Based on mounting method, the global flare monitoring market is segmented into in-process and remote. The in-process is further sub-segmented into mass spectrometers, gas chromatographs, gas analyzers, flow meters, calorimeters and remote is further sub-segmented into thermal (IR) imagers and multi spectrum infrared (MSIR) imagers and others.
On the basis of industry, the global flare monitoring market is classified into onshore oil & gas production sites, refineries, petrochemical, landfills and others. Others are further sub-segmented into offshore and metal and steel production.
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- In January, Endress + Hauser AG launched Micropilot NMR81, which is used for measuring the liquid gauge more than 80 GHz.
- In March, Fluenta AS launched UFM manager software for maintenance to be carried out easily by the ground staff engineers.
- In July, MKS Instruments launched etch sensor for Baratron Capacitance Manometer product, fluoride is used for delivering for atomic application.
- In June, Oleumtech Corporation has launched another point- to- point wireless I/O solution named RM4, to control the system remotely.
- In November, TKH Security Solutions launched Automatic Flare Stack monitoring system, which can be used in marine and oil & gas industries.
- In October, FLIR Systems Incorporation launched black hornet vehicle reconnaissance system enabling the warfighter to maintain the circumstantial awareness. It also provides real time data
Global Flare Monitoring Market Table of Content:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Global Flare Monitoring Market Landscape
Part 04: Global Flare Monitoring Market Sizing
Part 05: Global Flare Monitoring Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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