Portable Flaring Systems Market: Global Opportunity Analysis and Industry Forecast
Portable flare system is a device that is used to discharge the gases from the pressurized system through a flare control valve to the atmosphere. The portable flare system consists of collection piping, flare control valve, gas vent, and a liquid scrubber. It is used for burning of the unwanted waste gas. The discharge of the gases may be continuous or intermittent. The liquid scrubber is used to remove the liquid substances while discharging the gas to the atmosphere. Portable flare system is mostly used in the oil & gas refineries and chemical & petrochemical industries.
COVID-19 Scenario Analysis
- The demand for the portable flaring system is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from chemical industries.
- COVID-19 pandemic has halted the production of various products in the portable flaring system, owing to the prolonged lockdown in major global countries. This has hampered the growth of electronic pruning shears market significantly from last few months, as is likely to continue during 2020.
- COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020, and is likely to cause a negative impact on the market growth throughout the year.
- The major demand for equipment and machinery was previously noticed from giant manufacturing countries, including the U.S., Germany, Italy, the UK, and China, which is affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
- Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.
Top Impacting Factors: Market Scenario Analysis, Trends , Drivers, and Impact Analysis
Regulations imposed for the emission of harmful toxic gas by different environmental bodies majorly drives the portable flaring systems market. An increase in the awareness of energy-efficient products act as the major growth drivers for portable flaring systems market .Further, increase in the production of oil & gas where smokeless flaring can be accomplished without the utilization of extra mediums. For example, air streams and assistant gas are required to help the portable flaring system advertise during the forecast period. Technology advancements in portable flaring system to catch gas that would some way be flared and convert it into useful item, thus acting as a driver for portable flaring system market. Potential applications in pipeline maintenance & fix, tank/vessel support, essential flare shutdown, and plant investigation will drive the portable flare system market growth. Simple transportation of the framework, stable fire during the activity, and tall stature of flare funneling for emanation exit are among key components driving the portable flare system selection. Europe is largest market in the industrial portable flaring systems, followed by North America. High investments across different infrastructural and technological parts have empowered makers of portable flaring systems to provide high quality products to the end users and meet the high demand. However, the high initial investment and the ecological concerns hinder the market growth. Contrarily, requirement for portable flaring systems in gas plants, pipeline maintenance, tank cleaning, and oil & gas exploration applications present new opportunities in the industry.
The portable flaring systems new market trends are:
New product launches to flourish the market
The launch of new products can boost the growth of the market. In the past few years, many products were launched in the market. These products are well advanced with the technology and have unique features. In August, 2018 Europem, one of the leading brands in portable flaring system, launched a product EP-MWTF Mobile well test flare that consists of gas train with directing valves, stream estimation and FID estimations , utility piping , and fire ignition panel for safety and security purposes.
Growing demand from industrial applications
Presently, manufacturers are producing new products on the basis of interests of the customers. On the basis of application of portable flaring system are categorized to various types like in pipeline maintenance , oil exploration in oil & gas industries , controlling of vapors during tank cleaning, and others. The government regulations and other initiatives are pushing the usage of portable flaring systems on this industries. Also, these pipes are in wide use in oil & gas industries basically in the gas distribution process. Further, construction industries are also encouraging the growth for this market. Portable flaring system are used by the chemical, oil, petrochemical, and food industries. Flare systems in oil and gas industries give hydrocarbon facilities with protected and productive release of waste gases by controlled open fire consuming. Procedure streams are steered to shut circle flare system during unexpected pressurizing of hardware, plant shutdowns to maintain a strategic distance from over-pressurizing hardware and discharging process liquids to air. Setting up this portable flaring system in this respective industries would definitely help in the proper maintenance of pipeline and a safe running of the industries.
Key Benefits of the Report
- This study presents the analytical depiction of the portable flaring systems market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the portable flaring systems market share.
- The current market is quantitatively analyzed to highlight the portable flaring systems market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed portable flaring systems market analysis depending on competitive intensity and how the competition will take shape in coming years.
Portable Flaring Systems Market Report Highlights
| Aspects | Details |
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 Key Market Players | AEREON, Hero Flare, Flare King, Airoil Flaregas Pvt. Ltd., Gulf Coast Environmental Systems (GCES), Callidus Technologies (Honeywell), Expro Group, MRW Technologies and Inc., Europem Energies, Combustion Research Associates |
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