Flare gas recovery systems are used in petroleum refineries to reduce flare emissions and offset the plants purchased fuel gas. The total cost of a project (equipment and installation) is typically recovered in two to three years (sometimes less) depending on system throughput and the value of recovered gas.
Increasing power generation applications have been a primary factor fueling the demand for flare gas recovery systems on a global level. A majority of producers re-inject flare gas in natural gas production wells in order to maintain the optimum pressure inside the wells.
United States and Europe will remain the most prominent markets over the forecast period, Europe is expected to witness declining market growth owing to relatively lower natural gas production and saturated market conditions.
Markets in developing economies are however projected to witness an uptake, attributed to rising awareness about carbon emissions and environmental conservation, and surging adoption of FGRS for power generation applications.
The Global Flare Gas Recovery Systems Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023-2030.

In the global Flare Gas Recovery Systems Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-
Zeeco
John Zink Hamworthy Combustion
MPR Industries
UOP Honeywell
Gardner Denver Nash
Aereon
Wartsilia
Movitherm
Transvac Systems
Aerzener Maschinenfabrik

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :
Small Systems
Medium Systems
Large Systems
Very Large Systems

In Market segmentation by applications :
Petroleum Refineries
Gas Treatment and NGL Plants
Chemical Production
Storage Tank Vent Recovery
FPSO Offshore Platforms

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Flare Gas Recovery Systems Market for the forecast period 2023-2030?
• What are the driving forces in the Flare Gas Recovery Systems Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Flare Gas Recovery Systems industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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