Major players in flare monitoring market include Siemens (Germany), ABB (Switzerland), FLIR Systems (US), Thermo Fisher Scientific (US), Honeywell International Inc. (US), John Zink Company, LLC (US), LumaSense Technologies Inc. (US), Zeeco, Inc. (US), MKS Instruments (US), Land Instruments International Ltd. (UK), Eaton HERNIS Scan Systems AS (Norway), Fluenta (UK), Williamson Corporation (US), Extrel CMS, LLC (Pennsylvania, US), Providence Photonics LLC (US), Powertrol Inc. (US), and TKH Security Solutions (Netherlands).
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Flare monitoring market was valued at USD 760.4 Million in 2017 and is expected to reach USD 1,251.7 Million by 2023, at a CAGR of 8.24% between 2018 and 2023. Base year considered for study is 2017, and forecast period is between 2018 and 2023.
Report aims at estimating market size and future growth potential of flare monitoring market based on mounting method, industry, and geography.
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The intended audience for this report is as follows:
- Technology providers
- Flare monitoring components and equipment providers
- Flare monitoring service providers
- Research organizations and consulting companies
- Flare monitoring-related associations, organizations, forums, and alliances
- Government bodies such as regulating authorities and policymakers
- Venture capitalists, private equity firms, and start-up companies
- Distributors and traders
- End users that want to know more about flare monitoring technology and the latest technological developments in the flare monitoring market
The report also aims at providing detailed information regarding the major factors influencing the growth of the flare monitoring market (drivers, restraints, opportunities, and challenges). It strategically analyzes micromarkets with respect to individual growth trends, prospects, and contributions to the total market.
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The flare monitoring market, based on the mounting method, has been segmented into in process and remote. The segmentation on the basis of industry includes refineries, petrochemicals, onshore oil and gas production sites, landfills, offshore, and metals and steel production facilities, among others.
The in-process mounting method held the largest market size in 2017, and the same trend is expected to continue between 2018 and 2023.
1 Flare Monitoring Market Overview, 2017-2023
2 Flare Monitoring Market, By Industry and Region (2017)
3 Flare Monitoring Market, By Mounting Method, 2017-2023
4 Flare Monitoring Market, By Region, 2017-2023
5 Flare Monitoring Market, By Region (2016, 2017, and 2023)
Technological challenges resulting from the adherence to regulatory norms while bringing down the overall cost of systems is a key challenging factor for the growth of the said market. This report describes drivers, restraints, opportunities, and challenges pertaining to the flare monitoring market.
Furthermore, it analyzes the current scenario and forecasts the market till 2023, including the market segmentation based on mounting method, industry, and geography.
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This research report categorizes the global flare monitoring market on the basis of mounting method, industry, and geography. The report describes market dynamics that include key drivers, restraints, challenges, and opportunities for the flare monitoring market and forecasts the same till 2023.
The report would help leaders/new entrants in this market in the following ways:
- This report segments the flare monitoring market comprehensively and provides the closest market size projection for all subsegments across different regions.
- The report helps stakeholders understand the pulse of the market and provides them with the information on key drivers, restraints, challenges, and opportunities pertaining to the market.
- This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product developments and launches, partnerships, and mergers and acquisitions.
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