Global Flare Gas Recovery Systems Market Insights and Forecast to 2028

Flare gas recovery systems are used in petroleum refineries to reduce flare emissions and offset the plant's purchased fuel gas. The total cost of a project (equipment and installation) is typically recovered in two to three years (sometimes less) depending on system throughput and the value of recovered gas.
Market Analysis and Insights: Global Flare Gas Recovery Systems Market
Due to the COVID-19 pandemic, the global Flare Gas Recovery Systems market size is estimated to be worth US$ 2629 million in 2022 and is forecast to a readjusted size of US$ 4034.7 million by 2028 with a CAGR of 7.4% during the review period. Fully considering the economic change by this health crisis, Small accounting for % of the Flare Gas Recovery Systems global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Petroleum Refineries segment is altered to an % CAGR throughout this forecast period.
Increasing power generation applications have been a primary factor fueling the demand for flare gas recovery systems on a global level. A majority of producers re-inject flare gas in natural gas production wells in order to maintain the optimum pressure inside the wells.
In terms of production side, this report researches the Flare Gas Recovery Systems capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Flare Gas Recovery Systems by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Flare Gas Recovery Systems Scope and Segment
Flare Gas Recovery Systems market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Flare Gas Recovery Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Small
Medium
Large
Very Large
Segment by Application
Petroleum Refineries
Gas Treatment and NGL Plants
Chemical Production
Storage Tank Vent Recovery
FPSO Offshore Platforms
By Company
Zeeco
John Zink Hamworthy Combustion
MPR Industries
UOP Honeywell
Gardner Denver Nash
Aereon
Wartsilia
Movitherm
Transvac Systems
Aerzener Maschinenfabrik
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE