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At refineries and natural gas recovery plants, flaring is done to burn natural gas that cannot be sold or recovered. Flaring is an important safety procedure although concerns about its adverse effect on the environment have made energy companies to reduce the amount of flare gases. Moreover, according to a World Bank study, about 140 billion cubic meters of gas is burned every year at natural gas facilities. If this gas is recovered effectively, it could be used to generate about 750 billion kWh of energy — sufficient to meet the energy needs of Africa. This is where flare gas recovery systems prove to be useful. They capture the flare gas and channelise it back into the refinery so that it can be used constructively. Flare gas recovery systems not only help conserve energy but also reduce the impact on the environment.

Double-Digit Growth Projected for the Global Flare Gas Recovery Systems Market

The global new flare gas recovery systems installations are projected to expand at a CAGR of 9.4% through 2020. The revenue of the global flare gas recovery systems market is anticipated to exhibit a 13.8% CAGR and reach a valuation of over US$ 2 Bn. Currently, North America has the largest revenue share in the global flare gas recovery systems market. Other key regions for the growth of this market include Europe, South America, Eurasia, and Africa.

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Increasing Regulations on Emission-Control & Growing Awareness about Environmental Conservation will Drive the Market

The key drivers for the growth of the global flare gas recovery systems market include increasing regulations on emission-control, focus on safety measures, and growing awareness about environmental conservation. European Commission’s “20-20-20” target which aims to reduce greenhouse gas emission and increase the energy efficiency in the regions is forecasted to play a major role in the growth of global flare gas recovery systems market in Europe. The World Bank’s initiative of ‘Zero Routine Flaring’ by 2030’ is also expected to provide a boost to the global flare gas recovery systems market.

High cost of installing flare gas recovery systems remains a key challenge for the growth of the market. Furthermore, the period of time it takes to install flare gas recovery systems is projected to be another inhibitor for the growth of this market.

Market Segmentation of Global Flare Gas Recovery Systems Market

On the basis of capacity type, the global flare gas recovery systems market is segmented into very large, large, medium, and small units. It is anticipated that by 2020, small capacity flare gas recovery systems segment will lead the overall market in terms of new installation units. On the other hand, the very large capacity segment is projected to witness the highest growth during the forecast period. The very large capacity flare gas recovery systems have a market share of 40% and it is projected that it will increase by 340 BPS through 2020.

The key components of the flare gas recovery systems include compressors, gaskets, heat exchangers, and separators. Among these components, compressors is the most crucial and the demand for liquid ring compressors is particularly high, as they perform optimally with little maintenance.

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North America & Western Europe will be Key Regions

Western Europe and North America are forecasted to be the key regions for the growth of the global flare gas recovery systems market. Western Europe will have a greater market share in terms of new installations, whereas North America will be the dominant market in terms of volume and value. Although the incorporation of flame gas recovery systems is slow in Asia Pacific and South America, it is anticipated that the growth will pick up during the next five years.

The key players in the global flare gas recovery systems market include, Gardner Denver Nash, John Zink Hamworthy Combustion, and Zeeco.

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  • looks interesting Robert. having worked in Petrochemicals, I totally can see the value. however a bit worried about the high nitrogen content of flare gases. is it still economical to recover and how about safety function of the flare, which has a very high turndown (up and down)
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