Flare Monitoring Market Size, Share, Growth & Forecast 2026

Report Description

Global flare monitoring market is forecast to exhibit a CAGR of over 8% during 2021-2026, growing more than $ 823 million in 2019. Flare monitoring is the ability of a system to detect the level of thermal radiations and the size of flare generated during the removal of unwanted gases in various processes by the industry. The flare monitoring market is expected to grow substantially, backed by factors such as strict environment regulations aimed at curbing harmful emissions and increasing combustion efficiency of flare systems, benefits offered by remote flare monitoring like close monitoring of flare, prevention of unplanned over pressuring of plant equipment, etc.

In terms of end-use industry, global flare monitoring market is categorized into oil & gas production sites, refineries & petrochemicals and others. Of these industries, refineries & petrochemicals segment accounted for majority share in global flare monitoring market in 2020, on account of growing consumption of petroleum & petrochemicals products. The segment is anticipated to maintain its dominating market position during the forecast period. The oil & gas production sites category is likely to witness the fastest growth in global market during 2021-2026, owing to increasing exploration & production activities in the oil & gas industry, globally.

In terms of region, global flare monitoring market is categorized into Asia-Pacific, North America, Europe, Middle East & Africa and South America. North America dominates global flare monitoring market, backed by growing government regulations to address poisonous and combustible gases coming out from industries.

Some of the major companies operating in global flare monitoring market are Honeywell International Inc., Siemens AG, Emerson Electric Company, ABB Ltd., Ametek Inc., Thermo Fisher Scientific Inc., Zeeco Inc., Lumasense Technologies Inc., Endress+Hauser Ag and KJohn Zink Company, LLC.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

To analyze and forecast global flare monitoring market size.
To forecast global flare monitoring market based on mounting method, end-use industry and regional distribution.
To identify drivers and challenges for global flare monitoring market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global flare monitoring market.
To conduct the pricing analysis for global flare monitoring market.
To identify and analyze the profile of leading players operating in global flare monitoring market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of flare monitoring system and solution providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include the system and solution providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major system and solution providers across the globe.

TechSci Research calculated global flare monitoring market size by using a top down approach, where data for various applications across various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Flare monitoring system and solution providers and other stakeholders
Flare monitoring end user industries
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to flare monitoring market
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as flare monitoring system and solution providers, suppliers and end users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, global flare monitoring market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Mounting method:

In-Process

Mass Spectrometers
Gas Chromatographs
Gas Analyzers
Flowmeters
Calorimeters
Others

Remote

Thermal (IR) Imagers
Multi Spectrum Infrared (MSIR) Imagers
Others

Market, by End-use industry

Oil & Gas Production Sites
Refineries & Petrochemical
Others

Landfills
Metal & Steel Production

Market, by Region

North America

United States
Canada
Mexico

Europe

Russia
Norway
United Kingdom
Germany
Italy

Middle East & Africa

Saudi Arabia
Iraq
Iran
Algeria

Asia-Pacific

China
India
Indonesia
Australia
Japan
Malaysia

South America

Brazil
Colombia
Argentina

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global flare monitoring market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

Profit margin analysis in case of direct and indirect sales channel.

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Flare Monitoring Market

5. Voice of Customer

5.1. Factors considered while selecting a supplier

5.2. Product awareness and applicability & usage analysis

5.3. Challenges/issues faced post purchase

5.4. Unmet needs

6. Global Flare Monitoring Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Mounting Method [In-Process – Mass Spectrometers, Gas Chromatographs, Gas Analyzers, Flowmeters, Calorimeters, Others; Remote – Thermal (IR) Imagers, Multi Spectrum Infrared (MSIR) Imagers, Others]

6.2.2. By End-Use Industry [Oil & Gas Production Sites; Refineries & Petrochemical; Others – Landfills, Metal & Steel Production]

6.2.3. By Region (Asia-Pacific; Europe; North America; South America; Middle East & Africa)

6.2.4. By Company (2020)

6.3. Market Attractiveness Index (By Mounting Method; By End-Use Industry; By Region)

7. North America Flare Monitoring Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Mounting Method

7.2.2. By End-Use Industry

7.2.3. By Country

7.3. United States Flare Monitoring Market Outlook

7.3.1. Market Size & Forecast

7.3.1.1. By Value

7.3.2. Market Share & Forecast

7.3.2.1. By Mounting Method

7.3.2.2. By End-Use Industry

7.4. Canada Flare Monitoring Market Outlook

7.4.1. Market Size & Forecast

7.4.1.1. By Value

7.4.2. Market Share & Forecast

7.4.2.1. By Mounting Method

7.4.2.2. By End-Use Industry

7.5. Mexico Flare Monitoring Market Outlook

7.5.1. Market Size & Forecast

7.5.1.1. By Value

7.5.2. Market Share & Forecast

7.5.2.1. By Mounting Method

7.5.2.2. By End-Use Industry

8. Europe Flare Monitoring Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Mounting Method

8.2.2. By End-Use Industry

8.2.3. By Country

8.3. Russia Flare Monitoring Market Outlook

8.3.1. Market Size & Forecast

8.3.1.1. By Value

8.3.2. Market Share & Forecast

8.3.2.1. By Mounting Method

8.3.2.2. By End-Use Industry

8.4. Norway Flare Monitoring Market Outlook

8.4.1. Market Size & Forecast

8.4.1.1. By Value

8.4.2. Market Share & Forecast

8.4.2.1. By Mounting Method

8.4.2.2. By End-Use Industry

8.5. United Kingdom Flare Monitoring Market Outlook

8.5.1. Market Size & Forecast

8.5.1.1. By Value

8.5.2. Market Share & Forecast

8.5.2.1. By Mounting Method

8.5.2.2. By End-Use Industry

8.6. Italy Flare Monitoring Market Outlook

8.6.1. Market Size & Forecast

8.6.1.1. By Value

8.6.2. Market Share & Forecast

8.6.2.1. By Mounting Method

8.6.2.2. By End-Use Industry

8.7. Germany Flare Monitoring Market Outlook

8.7.1. Market Size & Forecast

8.7.1.1. By Value

8.7.2. Market Share & Forecast

8.7.2.1. By Mounting Method

8.7.2.2. By End-Use Industry

9. Middle East & Africa Flare Monitoring Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Mounting Method

9.2.2. By End-Use Industry

9.2.3. By Country

9.3. Saudi Arabia Flare Monitoring Market Outlook

9.3.1. Market Size & Forecast

9.3.1.1. By Value

9.3.2. Market Share & Forecast

9.3.2.1. By Mounting Method

9.3.2.2. By End-Use Industry

9.4. Iraq Flare Monitoring Market Outlook

9.4.1. Market Size & Forecast

9.4.1.1. By Value

9.4.2. Market Share & Forecast

9.4.2.1. By Mounting Method

9.4.2.2. By End-Use Industry

9.5. Iran Flare Monitoring Market Outlook

9.5.1. Market Size & Forecast

9.5.1.1. By Value

9.5.2. Market Share & Forecast

9.5.2.1. By Mounting Method

9.5.2.2. By End-Use Industry

9.6. Algeria Flare Monitoring Market Outlook

9.6.1. Market Size & Forecast

9.6.1.1. By Value

9.6.2. Market Share & Forecast

9.6.2.1. By Mounting Method

9.6.2.2. By End-Use Industry

10. Asia-Pacific Flare Monitoring Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Mounting Method

10.2.2. By End-Use Industry

10.2.3. By Country

10.3. China Flare Monitoring Market Outlook

10.3.1. Market Size & Forecast

10.3.1.1. By Value

10.3.2. Market Share & Forecast

10.3.2.1. By Mounting Method

10.3.2.2. By End-Use Industry

10.4. India Flare Monitoring Market Outlook

10.4.1. Market Size & Forecast

10.4.1.1. By Value

10.4.2. Market Share & Forecast

10.4.2.1. By Mounting Method

10.4.2.2. By End-Use Industry

10.5. Indonesia Flare Monitoring Market Outlook

10.5.1. Market Size & Forecast

10.5.1.1. By Value

10.5.2. Market Share & Forecast

10.5.2.1. By Mounting Method

10.5.2.2. By End-Use Industry

10.6. Australia Flare Monitoring Market Outlook

10.6.1. Market Size & Forecast

10.6.1.1. By Value

10.6.2. Market Share & Forecast

10.6.2.1. By Mounting Method

10.6.2.2. By End-Use Industry

10.7. Japan Flare Monitoring Market Outlook

10.7.1. Market Size & Forecast

10.7.1.1. By Value

10.7.2. Market Share & Forecast

10.7.2.1. By Mounting Method

10.7.2.2. By End-Use Industry

10.8. Malaysia Flare Monitoring Market Outlook

10.8.1. Market Size & Forecast

10.8.1.1. By Value

10.8.2. Market Share & Forecast

10.8.2.1. By Mounting Method

10.8.2.2. By End-Use Industry

11. South America Flare Monitoring Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Mounting Method

11.2.2. By End-Use Industry

11.2.3. By Country

11.3. Brazil Flare Monitoring Market Outlook

11.3.1. Market Size & Forecast

11.3.1.1. By Value

11.3.2. Market Share & Forecast

11.3.2.1. By Mounting Method

11.3.2.2. By End-Use Industry

11.4. Colombia Flare Monitoring Market Outlook

11.4.1. Market Size & Forecast

11.4.1.1. By Value

11.4.2. Market Share & Forecast

11.4.2.1. By Mounting Method

11.4.2.2. By End-Use Industry

11.5. Argentina Flare Monitoring Market Outlook

11.5.1. Market Size & Forecast

11.5.1.1. By Value

11.5.2. Market Share & Forecast

11.5.2.1. By Mounting Method

11.5.2.2. By End-Use Industry

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Competition Outlook

14.2. Company Profiles

14.2.1. Basic Details

14.2.2. Financials (As reported)

14.2.3. Supply Chain Analysis

14.2.4. Key Market Focus and Geographical Presence

14.2.5. Planned Investments

14.2.6. Pricing of Target Products

14.2.7. Market positioning

14.3. Global Players Profiled (Leading Companies)

14.3.1 Honeywell International Inc.

14.3.2 ABB Ltd.

14.3.3 Siemens AG

14.3.4 Emerson Electric Company

14.3.5 Ametek Inc.

14.3.6 Thermo Fisher Scientific Inc.

14.3.7 Zeeco Inc.

14.3.8 Lumasense Technologies Inc.

14.3.9 Endress+Hauser Ag

14.3.10 KJohn Zink Company, LLC

(Note: The companies list can be customized based on the client requirements)

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Figure 1: Global Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 2: Global Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 3: Global Flare Monitoring Market Share, By In-Process Mounting Type, By Value, 2016-2026F

Figure 4: Global Flare Monitoring Market Share, By Remote Mounting Type, By Value, 2016-2026F

Figure 5: Global Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 6: Global Flare Monitoring Market Share, By Region, By Value, 2020 & 2026F

Figure 7: Global Flare Monitoring Market Share, By Company, By Value, 2020

Figure 8: North America Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 9: North America Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 10: North America Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 11: North America Flare Monitoring Market Share, By Country, By Value, 2016-2026F

Figure 12: United States Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 13: United States GDP, 2016-2020 (Current USD in Trillion)

Figure 14: United States Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 15: United States Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 16: Canada Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 17: Canada GDP, 2016-2020 (Current USD in Trillion)

Figure 18: Canada Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 19: Canada Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 20: Mexico Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 21: Mexico GDP, 2016-2020 (Current USD in Trillion)

Figure 22: Mexico Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 23: Mexico Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 24: Europe Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 25: Europe Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 26: Europe Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 27: Europe Flare Monitoring Market Share, By Country, By Value, 2016-2026F

Figure 28: Russia Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 29: Russia GDP, 2016-2020 (Current USD in Trillion)

Figure 30: Russia Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 31: Russia Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 32: Norway Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 33: Norway GDP, 2016-2020 (Current USD in Trillion)

Figure 34: Norway Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 35: Norway Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 36: United Kingdom Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 37: United Kingdom GDP, 2016-2020 (Current USD in Trillion)

Figure 38: United Kingdom Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 39: United Kingdom Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 40: Italy Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 41: Italy GDP, 2016-2020 (Current USD in Trillion)

Figure 42: Italy Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 43: Italy Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 44: Germany Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 45: Germany GDP, 2016-2020 (Current USD in Trillion)

Figure 46: Germany Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 47: Germany Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 48: Middle East & Africa Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 49: Middle East & Africa Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 50: Middle East & Africa Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 51: Middle East & Africa Flare Monitoring Market Share, By Country, By Value, 2016-2026F

Figure 52: Saudi Arabia Flare Monitoring Market Size, By Value (USD Million), 2016-2026F

Figure 53: Saudi Arabia GDP, 2016-2020 (Current USD in Million)

Figure 54: Saudi Arabia Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 55: Saudi Arabia Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 56: Iraq Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 57: Iraq GDP, 2016-2020 (Current USD in Million)

Figure 58: Iraq Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 59: Iraq Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 60: Iran Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 61: Iran GDP, 2016-2020 (Current USD in Million)

Figure 62: Iran Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 63: Iran Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 64: Algeria Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 65: Algeria GDP, 2016-2020 (Current USD in Million)

Figure 66: Algeria Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 67: Algeria Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 68: Asia-Pacific Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 69: Asia-Pacific Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 70: Asia-Pacific Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 71: Asia-Pacific Flare Monitoring Market Share, By Country, By Value, 2016-2026F

Figure 72: China Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 73: China GDP, 2016-2020 (Current USD in Trillion)

Figure 74: China Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 75: China Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 76: India Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 77: India GDP, 2016-2020 (Thousand Barrels Per Day)

Figure 78: India Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 79: India Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 80: Indonesia Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 81: Indonesia Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 82: Indonesia Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 83: Australia Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 84: Australia GDP, 2016-2020 (Current USD in Trillion)

Figure 85: Australia Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 86: Australia Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 87: Japan Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 88: Japan GDP, 2016-2020 (Current USD in Trillion)

Figure 89: Japan Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 90: Japan Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 91: Malaysia Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 92: Malaysia Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 93: Malaysia Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 94: South America Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 95: South America Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 96: South America Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 97: South America Flare Monitoring Market Share, By Country, By Value, 2016-2026F

Figure 98: Brazil Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 99: Brazil GDP, 2016-2020 (Current USD in Trillion)

Figure 100: Brazil Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 101: Brazil Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 102: Colombia Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 103: Colombia GDP, 2016-2020 (Current USD in Million)

Figure 104: Colombia Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 105: Colombia Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

Figure 106: Argentina Flare Monitoring Market Size, By Value, 2016-2026F (USD Million)

Figure 107: Argentina GDP, 2016-2020 (Current USD in Million)

Figure 108: Argentina Flare Monitoring Market Share, By Mounting Type, By Value, 2016-2026F

Figure 109: Argentina Flare Monitoring Market Share, By End Use Industry, By Value, 2016-2026F

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