June 30, 2017 - 5:39 AM EDT
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Global Flare Gas Recovery System Market to Grow at a CAGR of 13% by 2023 - Increasing Production of Natural Gas & Non-conventional Shale Gas is Fueling Demand - Research and Markets

Research and Markets has announced the addition of the "Global Flare Gas Recovery System Market, 2016 to 2023" report to their offering.

The global flare gas recovery system market was valued at US$ 1,294.5 Mn in 2015, and is expected to each US$ 3,413.1 Mn by 2023, expanding at a CAGR of 13.1% from 2016 to 2023.

Global flare gas recovery system market is projected to gain impulse with growing inclination of end use industry to reduce H2S flaring, reduce smoking of flare gas, minimize fuel expenditure by using flare gas as fuel and comply regulatory requirements resulting in adoption of flare gas recovery systems. Rising environmental concerns over the emission of greenhouse gases influencing governments to adopt stringent regulation over emission of flare gases. Further, increasing production of natural gas and non-conventional shale gas is projected to fuel the demand of during the forecast period.

North America is projected to be the most dominant market in global flare gas recovery systems market. Wide adoption of flare gas recovery systems due to stringent regulations over the emission of greenhouse gases and growing production of shale gas is expected to drive the demand of flare gas recovery system in the region. Followed by it, Europe is anticipated to be the second largest market in global flare gas recovery market.

Key Players:

  • John Zink Hamworthy Combustion
  • Gardner Denver Nash
  • Wrtsil
  • Honeywell International Inc
  • Movitherm
  • Aereon
  • Zeeco
  • Suzhou Jinhong Gas Co.Ltd
  • Transvac Systems Ltd
  • Highland Power Corp

Key Topics Covered:

1. Preface

2. Executive Summary

3. Global Flare Gas Recovery Market Dynamics

4. Global Flare Gas Recovery Market Size, by Capacity, 2013 - 2023

5. Global Flare Gas Recovery Market Size, by Component, 2013 - 2023

6. Global Flare Gas Recovery Market Size, by Geography, 2013 - 2023

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/5pxvbq/global_flare_gas

Research and Markets
Laura Wood, Senior Manager
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Related Topics: Gas


Source: Business Wire (June 30, 2017 - 5:39 AM EDT)

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