Flare Monitoring Market 2021 Emerging Trends, Trade Survey and Growth Opportunities 2025

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.  

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.

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

Request for Report Discount: https://www.marketresearchfuture.com/check-discount/7661

Global Flare Monitoring Market: Competitive Landscape

  • 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.

Do You Have Any Query ? Ask to Our Industry Expert @ https://www.marketresearchfuture.com/enquiry/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

Field-Erected Cooling Tower Market 2021 Business Strategies, Growth Factors and Demand Forecast 2025

Image
Market Highlights The field-erected cooling tower is primarily designed for its broader application in the greater capacity heat emission systems, such as steel processing plants, power plants, and petrochemical plants. Field-erected cooling towers are bigger in size as compared to the conventional package type cooling tower. A normal  field-erected cooling tower  comprises pultruded structural components used in the entire cooling tower, which generates an engineered framework of unsurpassed quality, reliability, and safety. Structural pultrusions is approximately of the same strength of steel in tension and compression for a field-erected cooling tower. Fiberglass is implemented as it is impervious to a broad range of corrosive materials, immune to deterioration for the field-erected cooling tower. The global field-erected cooling tower market is projected to have a huge number of developments throughout the forecast period, owing to incessant technological advancements in the energy
Read more

Medium Voltage Cables Market 2021 Industry Outlook, Investment Analysis and Revenue 2025

Image
Industry Insight A report on the  global medium voltage cables market 2020  has hit stands after a sudden strike of novel coronavirus globally. This study by Market Research Future is based on different aspects of growth rate, revenue, leading players, regions, and forecast. The study reveals that the overall market would inflate rapidly at a pace of 6%, which is growth rate post the pandemic owing to the invention of the new dynamism, which is making rapid progress in the market’s growth, mainly from the years 2017-2023. Global Medium Voltage Cables Market – Notable Developments The global medium voltage cables market expects to achieve massive growth after the long term impact of the COVID 19 outbreak. The medium voltage cables market expansion is predominantly attributable to the mounting electricity demand around the world. The rising demand in diverse countries owing to the increasing population and urbanization in recent years is likely to create extensive growth opportunities fo
Read more

ERP Software Market Research Report- Forecast 2023

Image
ERP Software Market Value to Touch USD 49.03 Bn by 2023 Market synopsis As per Market Research Future (MRFR) study, the world ERP software market 2020 can rise at 7.45% CAGR by 2023. The increase in ERP software trends can result in the escalation of the ERP software market valuation. In 2017, USD 32.44 Bn was recorded as ERP market valuation. MRFR findings states that the global ERP market can surge at USD 49.03 Bn by 2023. The notable presence of some reputed ERP software developers can result in the expansion of the ERP software market. In North America, the expansion of the technical base can boost the expansion of the ERP software in the region. The increased adoption of  ERP software  by numerous enterprises to improve operational threshold, productivity, and transparency can support the expansion of ERP software market through the assessment period. The cloud-based deployment model utility is increasing across different sectors, thus improving the deployment of ERP software. ERP
Read more