Flare Monitoring Market - Indiana - 72620

Flare Monitoring Market

Anuncio# A72620 · Indianapolis, Indiana

Flare Monitoring Market is expected to grow from USD 758.5 Million in 2017 to USD 1540.42 Million by 2026, at a CAGR of 8.19% between 2017 and 2026. (Detailed analysis of the market CAGR is provided in the report)

Flare monitoring method is used in industries to continuously monitor combustible gases released by pressure relief valves during unplanned over-pressuring of plant equipment and burnt unwanted waste gas byproducts Stringency in environmental regulations to control harmful emissions and increase combustion efficiency of flare systems, steady growth of oil, gas, and petrochemicals industries and benefits offered by remote flare monitoring systems are the key driving factors for the growth of Flare monitoring market. Flare Monitoring Market However, technical issues resulting from the adherence to restrictive norms while bringing down the global cost of systems is a key challenging factor for the expansion of the flare monitoring market

Further key findings from the report:

• From the industry segment, refineries accounted for the largest share of the flare monitoring market in 2016. The oil & gas industry accounted over 93% share of flare monitoring market in 2016. Refineries account for major share of the market for remote and in-process flare monitoring devices and systems • Flare monitoring market for in-process mounting accounted for the largest share in 2016 and is expected to grow at significant higher CAGR during the forecast period. Increase in crude and shale oil production, continuous demand from refineries, and discovery of new oil fields are the major driving factors for this market segment • Among Geographical regions, North America held the largest share of flare monitoring market in 2016 and is expected to grow at higher CAGR during the forecast period. Europe and APAC held the largest share following North America

Key Highlights:

• Analyzes competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Flare Monitoring Market • The objective of the report is to provide a detailed analysis of the Flare Monitoring Market on the basis of mounting method, industry, and geography • Complete quantitative analysis of the industry from 2017 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities • In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain • Analysis of the Flare Monitoring Market with respect to individual growth trends, prospects, and contribution to the total market • Segment wise business performance detailed in a report will be worthwhile for the organizations willing to enhance its business • Provides detailed information regarding the major factors influencing the growth of the Flare Monitoring Market (drivers, restraints, opportunities, and challenges) • This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business

Years that have been considered for the study are as follows:

• Base Year – 2016 • Estimated Year – 2017 • Forecast Period – 2017 to 2026

For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered

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