Flare Monitoring Market 2018-2026: Regional Analysis and Forecast | Techsci Research

According to a report by TechSci Research titled "Global Flare Monitoring Market By Mounting Method, By End-Use Industry, By Region, Competition, Forecast & Opportunities, 2026," the flare monitoring market is expected to experience a CAGR growth rate of over 8% between 2021 and 2026. This growth is driven by the need to comply with environmental regulations aimed at reducing harmful emissions and improving the combustion efficiency of flare systems. The market is also expected to be driven by the growth of the oil and gas and petrochemical industries, as well as the benefits provided by remote flare monitoring systems, such as close monitoring of flare and prevention of unplanned over-pressuring of plant equipment.

Browse market data Tables and Figures spread through 130 Pages and an in-depth TOC on"Global Flare Monitoring Market"- https://www.techsciresearch.com/report/flare-monitoring-market/4027.html

The global flare monitoring market is divided into in-process and remote mounting methods. The in-process segment dominated the market in 2020 and is expected to maintain its position due to an increase in crude and shale oil production, the discovery of new oil fields, and the continuous demand from refineries. North America is the largest demand-generating region for flare monitoring worldwide, with the growth of the North American market being mainly attributed to the increasing number of shale gas exploration and drilling activities in the region. Additionally, the growing focus on reducing emissions from upstream activities is expected to aid the region's flare monitoring market. The United States is the largest market for flare monitoring in the region, supported by strict environmental regulations in the country.

The report states that the global flare monitoring market is expected to be positively impacted by stringent environmental norms aimed at reducing emissions of harmful volatile organic compounds and other pollutants from national, regional, and international jurisdictions. The market is also expected to grow due to increasing demand from major oil and gas-producing countries in the Middle East and Africa, as well as major oil refining countries in Asia-Pacific and Europe.

Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm, said, "Growing stringent environmental norms to reduce emissions of harmful volatile organic compounds and various pollutants from national, regional and international jurisdictions are expected to positively influence global flare monitoring market. Moreover, increasing demand from major oil & gas producing countries in the Middle East & Africa and major oil refining countries in Asia-Pacific and Europe are expected to offer growth opportunities to players operating in the global flare monitoring market."

"Global Flare Monitoring Market By Mounting Method, By End-Use Industry, By Region, Competition, Forecast & Opportunities, 2026" provides statistics and information on the market size, structure, and future market growth of the global flare monitoring market. The report aims to provide cutting-edge market intelligence to help decision-makers make sound investment decisions. Additionally, the report identifies and analyzes emerging trends, as well as essential drivers, challenges, and opportunities in the global flare monitoring market.

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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

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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