Report Code: A15565 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Flare Gas Recovery System Market
Request Now !Flares are combustion devices utilized in plants to safely and efficaciously burn waste gases. They are basically safety devices that avert un-burned gas from being discharged into the ambiance. An flame source outside the plant might cause these gases to burn or even detonate. The process of recycling waste gases is also known as flare gas recovery. Nowadays, the level of greenhouse gas discharge has escalated due to population growth and enhanced living standards, particularly in developing nations. To meet the rising demand for oil and gas, vast magnitude of co-produced gas have been flared as a waste by-product, and huge reserves of gas have come forth. End-use industries accelerating desire to reduce H2S flaring and grow the cost-effectiveness of flare gas applications is anticipated to propel the market forward.
COVID-19 Impact analysis
Top Impacting Factors
Rise in power generation applications is a critical factor driving the demand for flare gas recovery systems. This is precede by the growing concerns and consciousness about the adverse environmental affect of various industrial production methods. The importance of environmental preservation activities is increasing quickly. This is anticipated to sooner or later assist the adoption of flare gas recovery systems. The World Bank Group’s EHS norms proclaimed the target of no flare by 2025 end. Moreover, large number of natural gas and oil companies are progressively seeking implementation of flare gas recovery systems to achieve the supreme energy usage. Developing nations are awaited to register accelerated adoption of flare gas recovery systems in order to meet the discharge targets.
The demand is enhancing with the surge in power generation applications. The oil & gas industry is foreseen to generate beneficial opportunities in the global market over the forecast time. Strict government regulations regarding carbon discharge also have a huge affect on the adoption of flare gas recovery systems.Â
Market Trends
Key Benefits of the Report
Flare Gas Recovery System Market Report Highlights
Aspects | Details |
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By Capacity |
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By Application |
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By Region |
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Key Market Players | Honeywell International Inc., Gardner Denver Nash LLC, Zeeco Inc., John Zink Hamworthy Combustion, Movitherm, Aerzener Maschinenfabrik GmbH, Wartsilia, Transvac Systems Ltd |
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