Future Market Insights (FMI) in its latest report titled, “Global Flare Gas Recovery System Market Analysis and Opportunity Assessment, 2014 - 2020.” Reveals that the global flare gas recovery systems market was valued at US$ 930.4 Mn in 2014 and is expected to reach US$ 2,019.5 Mn by 2020, registering a CAGR of 13.8% during the forecast period.
Global flare gas recovery system market (FGRS) is driven by factors such as Government Regulations, environmental pollution concerns and secure energy supply. However, factors such as low degree of awareness among the end user industries, high capital cost, and elongated design and time spends for installation are expected to restrain the market growth during the forecast period. However, shifting focus towards clean energy production is expected to drive the growth of global flare gas recovery systems market between 2014 and 2020.
The global flare gas recovery systems market on the basis of product type, is segmented into very large, large, medium, and small systems. Among these, very large capacity system segment in terms of volume is expected to hold 43% of the total market share, registering a CAGR of 15.1% during the forecast period. On the other hand, low value segments including small and medium capacity, are together expected to exhibit a CAGR of 13.5% over the forecast period. Furthermore, increasing investments in oil and gas sector and capacity expansion plans are expected to drive the demand for small capacity systems in the near future.
Browse Full “Flare Gas Recovery System Market – Global Industry Segment Analysis, Dynamics, Size, Trends, CAGR, Opportunity, Share, Competitive Analysis and Forecast 2014 to 2020, Future Market Insights” Market Research Report at http://www.futuremarketinsights.com/reports/details/global-flare-gas-recovery-system-market
Key components of the global flare gas recovery systems market includes compressors, separators, gaskets, and heat exchanges. Compressors is the most crucial segment among the aforementioned components. Among compressors, demand for liquid ring compressors is high due to low maintenance and optimum performance standards, and is expected to further drive the demand for this segment over the forecast period.
Region-wise, Western Europe has been the forerunner in FGRS installations in the recent past due to stringent norms set for achieving 2020 carbon reduction targets. North America represents high volume as well as value opportunity for flare gas recovery system and is expected to maintain its prominent share of 32.3% and 32.7% respectively. Moreover, matured economies include Europe and North America collectively command predominant share of market value by 66.7% , collectively registering a CAGR of 12.4% during the forecast period. Furthermore, South America and Asia Pacific are also anticipated to display a healthy CAGR of 17.1% and 16.7% respectively during the forecast period. The Middle East and North Africa, and Eurasia are anticipated to demonstrate a slightly sluggish growth by 2020 due to high capital cost of systems, extended payback period, and less clarity over return on investment.
Sen Inquiry: http://www.futuremarketinsights.com/askus/rep-gb-84
Key players in the global flare gas recovery systems market include Gardner Denver Nash, Zeeco, and John Zink Hamworthy Combustion
About Us
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Global flare gas recovery system market (FGRS) is driven by factors such as Government Regulations, environmental pollution concerns and secure energy supply. However, factors such as low degree of awareness among the end user industries, high capital cost, and elongated design and time spends for installation are expected to restrain the market growth during the forecast period. However, shifting focus towards clean energy production is expected to drive the growth of global flare gas recovery systems market between 2014 and 2020.
The global flare gas recovery systems market on the basis of product type, is segmented into very large, large, medium, and small systems. Among these, very large capacity system segment in terms of volume is expected to hold 43% of the total market share, registering a CAGR of 15.1% during the forecast period. On the other hand, low value segments including small and medium capacity, are together expected to exhibit a CAGR of 13.5% over the forecast period. Furthermore, increasing investments in oil and gas sector and capacity expansion plans are expected to drive the demand for small capacity systems in the near future.
Browse Full “Flare Gas Recovery System Market – Global Industry Segment Analysis, Dynamics, Size, Trends, CAGR, Opportunity, Share, Competitive Analysis and Forecast 2014 to 2020, Future Market Insights” Market Research Report at http://www.futuremarketinsights.com/reports/details/global-flare-gas-recovery-system-market
Key components of the global flare gas recovery systems market includes compressors, separators, gaskets, and heat exchanges. Compressors is the most crucial segment among the aforementioned components. Among compressors, demand for liquid ring compressors is high due to low maintenance and optimum performance standards, and is expected to further drive the demand for this segment over the forecast period.
Region-wise, Western Europe has been the forerunner in FGRS installations in the recent past due to stringent norms set for achieving 2020 carbon reduction targets. North America represents high volume as well as value opportunity for flare gas recovery system and is expected to maintain its prominent share of 32.3% and 32.7% respectively. Moreover, matured economies include Europe and North America collectively command predominant share of market value by 66.7% , collectively registering a CAGR of 12.4% during the forecast period. Furthermore, South America and Asia Pacific are also anticipated to display a healthy CAGR of 17.1% and 16.7% respectively during the forecast period. The Middle East and North Africa, and Eurasia are anticipated to demonstrate a slightly sluggish growth by 2020 due to high capital cost of systems, extended payback period, and less clarity over return on investment.
Sen Inquiry: http://www.futuremarketinsights.com/askus/rep-gb-84
Key players in the global flare gas recovery systems market include Gardner Denver Nash, Zeeco, and John Zink Hamworthy Combustion
About Us
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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