Market Overview:
The global industrial flare system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for energy and the need for environment-friendly solutions across different industries. The automatic flaring system segment is expected to dominate the market during the forecast period, owing to its advantages such as low emissions and low maintenance cost.
Product Definition:
An industrial flare system is a device used to dispose of waste gases and liquids from an industrial process in an environmentally safe manner. The importance of industrial flare systems is two-fold. First, they safely remove pollutants from the air, which can cause environmental and health problems. Second, they incinerate any flammable material in the waste stream, preventing accidental fires or explosions.
Automatic Flaring System:
An automatic flaring system is a device used to control and monitor the opening and closing of nozzles in industrial gas flare systems. The system consists of sensors, controllers, valves, actuators & other components. It helps in maintaining the pressure within the flare system as well as preventing any fire accidents at various locations where these systems are installed.
Semi-automatic Flaring System:
A semi-automatic flaring system is a device used to control and monitor the gas flow in a flare system. It is also known as an operator or operator/controller. The semi-automatic flaring systems are equipped with sensors, which help to measure the gas flow and temperature in the flare line. These devices can be either installed onshore or offshore; they are used for controlling and monitoring of gases released from oil wells during extraction processes such as drilling, production, etc.
Application Insights:
The steel industries application segment accounted for the largest share in 2015 and is projected to witness significant growth over the forecast period. The growing demand for steel from construction, automotive, energy, and other industries is expected to drive the product demand over the next eight years.
The oil & gas production segment was estimated at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2030 owing to increasing exploration activities particularly in North America and Asia Pacific regions. In addition, stringent regulations regarding environmental protection coupled with rising awareness about safety are likely fuel industry expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a surge in steel production, especially from China and India owing to increased domestic demand as well as government support for infrastructure development. This factor is projected to drive the oil & gas industry, thereby driving the product demand over the forecast period.
North America accounted for a significant share of revenue in 2017 on account of high steel production along with increasing investments by companies for upgrading their facilities and expanding their business operations across U.S., Canada, and Mexico. In addition, growing oil & gas exploration activities are likely to augment product demand over next eight years.
Europe was estimated at USD X million in 2017 owing to high steel production coupled with extensive pipeline network across Germany, U K.
Growth Factors:
- Increasing demand for industrial flare systems from the oil and gas industry to meet regulatory compliance
- Growing investments in refinery and petrochemical projects across the globe
- Rising awareness about the benefits of using industrial flare systems over traditional methods
- Technological advancements in industrial flare system design and operation
- Growing demand for clean energy sources, which is expected to drive the adoption of industrial flare systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Flare System Market Research Report
By Type
Automatic Flaring System, Semi-automatic Flaring System
By Application
Steel Industries, Oil and Gas Production, Others
By Companies
Honeywell International Inc., Siemens AG, ABB, FLIR Systems, Alberta Flares, Callidus Technologies L.L.C., Expro Group, Hero Flare, FLARE KING INC., John Zink Hamworthy, Honeywell International Inc., Gulf Coast Environmental Systems (GCES), Airoil Flaregas Pvt. Ltd, PREMA-SERVICE GmbH, NAO, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Flare System Market Report Segments:
The global Industrial Flare System market is segmented on the basis of:
Types
Automatic Flaring System, Semi-automatic Flaring System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Steel Industries, Oil and Gas Production, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell International Inc.
- Siemens AG
- ABB
- FLIR Systems
- Alberta Flares
- Callidus Technologies L.L.C.
- Expro Group
- Hero Flare
- FLARE KING INC.
- John Zink Hamworthy
- Honeywell International Inc.
- Gulf Coast Environmental Systems (GCES)
- Airoil Flaregas Pvt. Ltd
- PREMA-SERVICE GmbH
- NAO, Inc.
Highlights of The Industrial Flare System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automatic Flaring System
- Semi-automatic Flaring System
- By Application:
- Steel Industries
- Oil and Gas Production
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Flare System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial flare systems are used in factories and other industrial settings to produce light. They use a gas or oil burner to create a bright, intense light that can be used for various purposes, such as working on machines or inspecting products.
Some of the major players in the industrial flare system market are Honeywell International Inc., Siemens AG, ABB, FLIR Systems, Alberta Flares, Callidus Technologies L.L.C., Expro Group, Hero Flare, FLARE KING INC., John Zink Hamworthy, Honeywell International Inc., Gulf Coast Environmental Systems (GCES), Airoil Flaregas Pvt. Ltd, PREMA-SERVICE GmbH, NAO, Inc..
The industrial flare system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Flare System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Flare System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Flare System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Flare System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Flare System Market Size & Forecast, 2018-2028
4.5.1 Industrial Flare System Market Size and Y-o-Y Growth
4.5.2 Industrial Flare System Market Absolute $ Opportunity
Chapter 5 Global Industrial Flare System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Flare System Market Size Forecast by Type
5.2.1 Automatic Flaring System
5.2.2 Semi-automatic Flaring System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Flare System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Flare System Market Size Forecast by Applications
6.2.1 Steel Industries
6.2.2 Oil and Gas Production
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Flare System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Flare System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Flare System Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Flare System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Flare System Market Size Forecast by Type
9.6.1 Automatic Flaring System
9.6.2 Semi-automatic Flaring System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Flare System Market Size Forecast by Applications
9.10.1 Steel Industries
9.10.2 Oil and Gas Production
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Flare System Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Flare System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Flare System Market Size Forecast by Type
10.6.1 Automatic Flaring System
10.6.2 Semi-automatic Flaring System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Flare System Market Size Forecast by Applications
10.10.1 Steel Industries
10.10.2 Oil and Gas Production
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Flare System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Flare System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Flare System Market Size Forecast by Type
11.6.1 Automatic Flaring System
11.6.2 Semi-automatic Flaring System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Flare System Market Size Forecast by Applications
11.10.1 Steel Industries
11.10.2 Oil and Gas Production
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Flare System Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Flare System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Flare System Market Size Forecast by Type
12.6.1 Automatic Flaring System
12.6.2 Semi-automatic Flaring System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Flare System Market Size Forecast by Applications
12.10.1 Steel Industries
12.10.2 Oil and Gas Production
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Flare System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Flare System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Flare System Market Size Forecast by Type
13.6.1 Automatic Flaring System
13.6.2 Semi-automatic Flaring System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Flare System Market Size Forecast by Applications
13.10.1 Steel Industries
13.10.2 Oil and Gas Production
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Flare System Market: Competitive Dashboard
14.2 Global Industrial Flare System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell International Inc.
14.3.2 Siemens AG
14.3.3 ABB
14.3.4 FLIR Systems
14.3.5 Alberta Flares
14.3.6 Callidus Technologies L.L.C.
14.3.7 Expro Group
14.3.8 Hero Flare
14.3.9 FLARE KING INC.
14.3.10 John Zink Hamworthy
14.3.11 Honeywell International Inc.
14.3.12 Gulf Coast Environmental Systems (GCES)
14.3.13 Airoil Flaregas Pvt. Ltd
14.3.14 PREMA-SERVICE GmbH
14.3.15 NAO, Inc.
