“A research report on Flare Monitoring Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.
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Global flare monitoring market is forecast to exhibit a CAGR of over 8%, growing from $ 773 million to $ 1219 million. Flare monitoring is the ability of a system to detect the level of thermal radiations and the size of flare generated during the removal of unwanted gases in various processes by the industry. The flare monitoring market is expected to grow substantially, backed by factors such as strict environment regulations aimed at curbing harmful emissions and increasing combustion efficiency of flare systems, benefits offered by remote flare monitoring like close monitoring of flare, prevention of unplanned over pressuring of plant equipment, etc.
In terms of end-use industry, global flare monitoring market is categorized into oil & gas production sites, refineries & petrochemicals and others. Of these industries, refineries & petrochemicals segment accounted for majority share in global flare monitoring market in 2018, on account of growing consumption of petroleum & petrochemicals products. The segment is anticipated to maintain its dominating market position during the forecast period. The oil & gas production sites category is likely to witness the fastest growth in global market during 2019-2024, owing to increasing exploration & production activities in the oil & gas industry, globally.
In terms of region, global flare monitoring market is categorized into Asia-Pacific, North America, Europe, Middle East & Africa and South America. North America dominates global flare monitoring market, backed by growing government regulations to address poisonous and combustible gases coming out from industries.
Objective of the Study:
• To analyze and forecast global flare monitoring market size.
• To forecast global flare monitoring market based on mounting method, end-use industry and regional distribution.
• To identify drivers and challenges for global flare monitoring market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global flare monitoring market.
• To conduct the pricing analysis for global flare monitoring market.
• To identify and analyze the profile of leading players operating in global flare monitoring market.
Some of the major companies operating in global flare monitoring market are Honeywell International Inc., Siemens AG, Emerson Electric Company, ABB Ltd., Ametek Inc., Thermo Fisher Scientific Inc., Zeeco Inc., Lumasense Technologies Inc., Endress+Hauser Ag and KJohn Zink Company, LLC.
SDKI performed both primary as well as exhaustive secondary research for this study. Initially, SDKI sourced a list of flare monitoring system and solution providers across the globe. Subsequently, SDKI conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, SDKI was able to include the system and solution providers which could not be identified due to the limitations of secondary research. SDKI analyzed the product offerings, distribution channels and presence of all major system and solution providers across the globe.
SDKI calculated global flare monitoring market size by using a top down approach, where data for various applications across various end-user segments was recorded and forecast for the future years. SDKI sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by SDKI.
Key Target Audience:
• Flare monitoring system and solution providers and other stakeholders
• Flare monitoring end user industries
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to flare monitoring market
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as flare monitoring system and solution providers, suppliers and end users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.
Report Scope:
In this report, global flare monitoring market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, by Mounting method:
o In-Process
Mass Spectrometers
Gas Chromatographs
Gas Analyzers
Flowmeters
Calorimeters
Others
o Remote
Thermal (IR) Imagers
Multi Spectrum Infrared (MSIR) Imagers
Others
• Market, by End-use industry
o Oil & Gas Production Sites
o Refineries & Petrochemical
o Others
Landfills
Metal & Steel Production
• Market, by Region
o North America
United States
Canada
Mexico
o Europe
Russia
Norway
United Kingdom
Germany
Italy
o Middle East & Africa
Saudi Arabia
Iraq
Iran
Algeria
o Asia-Pacific
China
India
Indonesia
Australia
Japan
Malaysia
o South America
Brazil
Colombia
Argentina
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Table of Content1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Factors considered while selecting a supplier
4.2. Product awareness and applicability & usage analysis
4.3. Challenges/issues faced post purchase
4.4. Unmet needs
5. Global Flare Monitoring Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Mounting Method [In-Process – Mass Spectrometers, Gas Chromatographs, Gas Analyzers, Flowmeters, Calorimeters, Others; Remote – Thermal (IR) Imagers, Multi Spectrum Infrared (MSIR) Imagers, Others]
5.2.2. By End-Use Industry [Oil & Gas Production Sites; Refineries & Petrochemical; Others – Landfills, Metal & Steel Production]
5.2.3. By Region (Asia-Pacific; Europe; North America; South America; Middle East & Africa)
5.2.4. By Company (2018)
5.3. Market Attractiveness Index (By Mounting Method; By End-Use Industry; By Region)
6. North America Flare Monitoring Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Mounting Method
6.2.2. By End-Use Industry
6.2.3. By Country
6.3. United States Flare Monitoring Market Outlook
6.3.1. Market Size & Forecast
6.3.1.1. By Value
6.3.2. Market Share & Forecast
6.3.2.1. By Mounting Method
6.3.2.2. By End-Use Industry
6.4. Canada Flare Monitoring Market Outlook
6.4.1. Market Size & Forecast
6.4.1.1. By Value
6.4.2. Market Share & Forecast
6.4.2.1. By Mounting Method
6.4.2.2. By End-Use Industry
6.5. Mexico Flare Monitoring Market Outlook
6.5.1. Market Size & Forecast
6.5.1.1. By Value
6.5.2. Market Share & Forecast
6.5.2.1. By Mounting Method
6.5.2.2. By End-Use Industry
7. Europe Flare Monitoring Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Mounting Method
7.2.2. By End-Use Industry
7.2.3. By Country
7.3. Russia Flare Monitoring Market Outlook
7.3.1. Market Size & Forecast
7.3.1.1. By Value
7.3.2. Market Share & Forecast
7.3.2.1. By Mounting Method
7.3.2.2. By End-Use Industry
7.4. Norway Flare Monitoring Market Outlook
7.4.1. Market Size & Forecast
7.4.1.1. By Value
7.4.2. Market Share & Forecast
7.4.2.1. By Mounting Method
7.4.2.2. By End-Use Industry
7.5. United Kingdom Flare Monitoring Market Outlook
7.5.1. Market Size & Forecast
7.5.1.1. By Value
7.5.2. Market Share & Forecast
7.5.2.1. By Mounting Method
7.5.2.2. By End-Use Industry
7.6. Italy Flare Monitoring Market Outlook
7.6.1. Market Size & Forecast
7.6.1.1. By Value
7.6.2. Market Share & Forecast
7.6.2.1. By Mounting Method
7.6.2.2. By End-Use Industry
7.7. Germany Flare Monitoring Market Outlook
7.7.1. Market Size & Forecast
7.7.1.1. By Value
7.7.2. Market Share & Forecast
7.7.2.1. By Mounting Method
7.7.2.2. By End-Use Industry
8. Middle East & Africa Flare Monitoring Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Mounting Method
8.2.2. By End-Use Industry
8.2.3. By Country
8.3. Saudi Arabia Flare Monitoring Market Outlook
8.3.1. Market Size & Forecast
8.3.1.1. By Value
8.3.2. Market Share & Forecast
8.3.2.1. By Mounting Method
8.3.2.2. By End-Use Industry
8.4. Iraq Flare Monitoring Market Outlook
8.4.1. Market Size & Forecast
8.4.1.1. By Value
8.4.2. Market Share & Forecast
8.4.2.1. By Mounting Method
8.4.2.2. By End-Use Industry
8.5. Iran Flare Monitoring Market Outlook
8.5.1. Market Size & Forecast
8.5.1.1. By Value
8.5.2. Market Share & Forecast
8.5.2.1. By Mounting Method
8.5.2.2. By End-Use Industry
8.6. Algeria Flare Monitoring Market Outlook
8.6.1. Market Size & Forecast
8.6.1.1. By Value
8.6.2. Market Share & Forecast
8.6.2.1. By Mounting Method
8.6.2.2. By End-Use Industry
9. Asia-Pacific Flare Monitoring Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Mounting Method
9.2.2. By End-Use Industry
9.2.3. By Country
9.3. China Flare Monitoring Market Outlook
9.3.1. Market Size & Forecast
9.3.1.1. By Value
9.3.2. Market Share & Forecast
9.3.2.1. By Mounting Method
9.3.2.2. By End-Use Industry
9.4. India Flare Monitoring Market Outlook
9.4.1. Market Size & Forecast
9.4.1.1. By Value
9.4.2. Market Share & Forecast
9.4.2.1. By Mounting Method
9.4.2.2. By End-Use Industry
9.5. Indonesia Flare Monitoring Market Outlook
9.5.1. Market Size & Forecast
9.5.1.1. By Value
9.5.2. Market Share & Forecast
9.5.2.1. By Mounting Method
9.5.2.2. By End-Use Industry
9.6. Australia Flare Monitoring Market Outlook
9.6.1. Market Size & Forecast
9.6.1.1. By Value
9.6.2. Market Share & Forecast
9.6.2.1. By Mounting Method
9.6.2.2. By End-Use Industry
9.7. Japan Flare Monitoring Market Outlook
9.7.1. Market Size & Forecast
9.7.1.1. By Value
9.7.2. Market Share & Forecast
9.7.2.1. By Mounting Method
9.7.2.2. By End-Use Industry
9.8. Malaysia Flare Monitoring Market Outlook
9.8.1. Market Size & Forecast
9.8.1.1. By Value
9.8.2. Market Share & Forecast
9.8.2.1. By Mounting Method
9.8.2.2. By End-Use Industry
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About SDKI:
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count ( SDKI ) provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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Lauren Brown
Shibuya Data Count
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