Flare Gas Recovery Systems Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2014 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Flare Gas Recovery Systems Market Analysis, Market Size,

Application Analysis, Regional Outlook, Competitive

Strategies And Forecasts, 2014 To 2020

Market Overview

According to Hexa Research, the flare gas recovery systems market is likely to grow from USD 930.6

million in 2014 to 1, 019.7 million in 2020. The market would observe over 13.7 percent CAGR in the

upcoming years. Flare gas recovery systems (FGRSs) assist in recovering waste gas and making the latter

available for power generation in confined utilization.

Flaring of natural gases helps in increasing carbon emission volumes by a great extent. Owing to rising

carbon footprints, global warming, and surging carbon control, governments and regulatory

organizations are taking initiatives to install flare gas recovery systems. However, one of the major

reasons why companies are unwilling to install the same is because of their high costs.

Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/flare-gasrecovery-systems-industry/

Hexa Research Inc.

Industry Research,Custom Research & Consulting

This serves as a hindrance for the flare gas recovery systems market and slows down its pace. The

formulation of flaring reduction targets such as ‘Zero Flare by 2025’ by the World Bank and additional

initiatives by oil and gas firms ensure optimum energy consumption.

Trends

FGRS manufacturers are developing innovative products to strengthen their position in the industry.

They are also taking measures to improve in terms of technology. For example, a U.K. based company

known as Transvac has recently proclaimed an online software launch used for gas screening and

compression

Emerging countries with reduced awareness about FGRSs offer less opportunities to FGRS

manufacturers. Awareness campaigns of nonprofit organizations will compel the government to limit

regulations governing flaring in the oil and gas sector. One of the other...