Flare Monitoring Market 2020 Global Size, Segments, Growth and Trends by Forecast to 2027

 Overview:


Market Research Future (MRFR’s) latest study reveals that the Global Flare Monitoring Market will grow at a compound annual growth rate of 7.83% during the forecast period (2018-2025). Flare monitoring is an important aspect of operating oil and gas facilities. Flare monitoring devices are installed to monitor the fluctuations in the stack flame and spot abnormalities, if any. Modern flare monitoring devices come with visual cameras and advanced infrared systems. They are capable of non-contact monitoring using thermal imaging and pyrometry that are specifically designed for the continuous monitoring of emissions.  

Use of flare monitoring in petrochemicals industry, chemical process plants, gas distribution infrastructure, refineries, and oil & gas production sites is widespread. The oil & gas sector strives for efficiency and reliability, which creates application opportunities for surveillance system and security solutions.  

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/7661

Continuous growth of the petrochemical industry and introduction of stricter emission laws is supporting the growth of flare monitoring market. A sparp rise in drilling activities from offshore locations, along with increased automation in the oil and gas sector is creating lucrative market opportunities. Gas and liquid flaring is a common activity in extraction facilities, however, it involves a significant level of caution. This is where flare monitoring is so important. Flare monitoring devices are found in industrial plants such as refineries, gas processing plants, and chemical plants.

Global Flare Monitoring Market: Regional Outlook

In the report, the market has been covered across regions such as North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and Latin America. North America accounted for largest share in the flare monitoring market in 2017. The region is expected to remain a key market for flare monitoring during the forecast period. The market in North America is entering a maturity phase and undergoing technological and structural transformation. North America is followed by Europe and Asia-Pacific. The Europe flare monitoring market is currently valued at over USD 150 Mn and projected to surge at a healthy growth rate over the next couple of years. Meanwhile, the market in APAC is expected to surpass a valuation of USD 200 Mn by the year 2025, reflecting a CAGR of 8.06%. There has been a rapid expansion of the facilities in the upstream oil and gas sector in the region, which is likely to provide the business opportunities in the market in APAC region.  

Get Complete Report @ https://www.marketresearchfuture.com/reports/flare-monitoring-market-7661

Global Flare Monitoring Market: Segmental Analysis

MRFR’s study includes a thorough segmental analysis of the market based on type application and region.

On the basis of type, the market has been segmented into In-process and remote. The In-process segment in further sub-segment into mass spectrometers, gas chromatographs, gas analyzers. The remote segment is further sub-segmented in remote-IR imagers and MSIR imagers. The In-process segment accounts for the larger share of the market. During the forecast period, the segment is expected to post a CAGR of 7.71% and retain its leading position. The remote segment is expected to exhibit a relatively higher CAGR.

On the basis of application, the market has been segmented into refineries, oil & gas production sites, and petrochemicals. The oil & gas production sites segment currently accounts for major share of the market.  The petrochemical segment currently accounts for second largest share in the market and is likely to retain its second spot over 2025.

Global Flare Monitoring Market: Competitive Landscape

Some of the leading companies operating in the global flare monitoring market are ABB, Thermo Fisher Scientific Inc., Siemens AG, Honeywell International Inc. AMETEK.Inc., Zeeco, Inc., FLIR Systems Inc., LumaSense Technologies, Inc., Fluenta AS., Williamson Corporation, Extrel CMS, LLC and Providence Photonics, LLC. among others.

Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=7661

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune 411028
Maharashtra, India
+1 646 845 9312
Email:sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Aerospace Ceramics Market: Prospective Growth Trends & Incremental Opportunity Assessment till 2028

Global Aerospace Ceramics Market Report - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Aerospace Ceramics Market industry. Get Sample Copy of This Report @ https://www.quincemarketinsights.com/request-sample-58763?utm_source=OFPG&utm_medium=SG Research report on the Aerospace Ceramics Market provides analysis and insight into the various factors that are expected to prevail over the forecast period, while at the same time providing their effect on market growth. This report on the Aerospace Ceramics Market provides details of recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, analysis of opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, market growth categories, applications, etc. Today's compa...
Read more

Prefabricated Buildings Market 2023 Size, Share, Industry Key Features, Growth Drivers, Key Expansion Strategies, Upcoming Trends and Regional Forecast by 2030

  Introduction: The  prefabricated buildings market  has experienced remarkable growth in recent years, driven by the need for faster, cost-effective, and sustainable construction solutions. Prefabricated buildings, also known as modular or off-site construction, involve the manufacturing of building components in a factory setting and their subsequent assembly on-site. This article explores the key factors driving the growth of the prefabricated buildings market, highlights the advantages and applications of these structures, and discusses the future trends and innovations shaping the industry. Efficiency and Time Savings: One of the significant advantages of prefabricated buildings is the enhanced efficiency and time savings they offer compared to traditional  construction  methods. The off-site manufacturing process allows for simultaneous activities to take place, such as site preparation and construction component fabrication. This parallel workflow signifi...
Read more

Aromatic Solvents Market to reach USD 9.15 billion by 2028

The Global Aromatic Solvents Market is projected to reach USD 9.15 billion by 2028, growing at a CAGR of 3.1% during the forecast period. The worldwide increase in construction activities & consequent growth of paints industry is expected to propel the aromatic solvents market during the forecast period. Click Here To Get Sample of The Premium Report What are aromatic solvents? Aromatic solvents are composed of aromatic hydrocarbons such as xylene, naphthalene, and toluene. The aromatic solvents are used to dissolve solid materials to form homogeneous solutions. Aromatic solvents are produced by fractional distillation of crude oil in oil refineries. Due to their high levels of solvency, the demand for aromatic solvents is on the global rise. Market dynamics by QMI- The paints & coating industry is the principal end user of aromatic solvents. Toluene is utilized as a base material for the production of toluene diisocyanate, cement for polystyrene kits, and fullerene indicato...
Read more