Flare Gas Recovery System Market Analysis

Application (Oil & Gas, Chemical Plants, Industrial Gas Treatment, Bio-gas Treatment)

Oil & Gas segment is poised to hold 42% share of the global flare gas recovery system market by 2037. Flare gas recovery systems are widely used in climate-compatible oil and gas production. A flare gas recovery system is a crucial piece of equipment for safety and operation in crude oil refineries. This system helps to continually burn vent gases before evacuated in the atmosphere. Also, it is significantly adopting O&G applications for reused gas in furnaces, turbines, and Heat Exchangers.

Operating Pressure (Up to 5 bar, 5 to 10 bar, 10 to 20 bar, and 20 to 60 bar)

Up to 5 bar operating pressure segment in the flare gas recovery system market is expected to hold the majority revenue share over the forecast period. The 5 bar operating pressure systems are designed for the recycling of methane and Lpg gas, as well as efficient transfer into storage tanks. To prevent gas from catching fire directly, the process involves several analyzers. This system has been implemented by several chemical industries to reduce and control greenhouse gas emissions, as well as save operating costs. In addition, the operation of a 5-bar operating pressure system requires less maintenance.

Our in-depth analysis of the global flare gas recovery system market includes the following segments: