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Flare Monitoring Market By Type (In-Process (Mass Spectrometers, Gas Chromatographs, Gas Analyzers, Flowmeters, Calorimeters, Others), and Remote (Thermal (IR) Imagers, Multi Spectrum Infrared (MSIR) Imagers, Others)), By Application (Refineries, Oil & Gas Production Sites, and Petrochemicals, Landfills, Others) and Region - Forecast Till 2030


ID: MRFR/E&P/6192-HCR | 112 Pages | Author: Anshula Mandaokar| April 2024
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Table of Contents

1 Executive Summary 14

1.1 Market Attractiveness Analysis 16

1.1.1 Global Flare Monitoring Market, By Type 16

1.1.2 Global Flare Monitoring Market, By Application 17

1.1.3 Global Flare Monitoring Market, By Region 19

2 Market Introduction 20

2.1 Definition 20

2.2 Scope of the Study 20

2.3 Market Structure 21

2.4 Key Buying Criteria 21

3 Research Methodology 22

3.1 Research Process 22

3.2 Primary Research 23

3.3 Secondary Research 24

3.4 Market Size Estimation 24

3.5 Forecast Model 25

3.6 List of Assumptions 26

4 Market Insights 27

5 Market Dynamics 31

5.1 Introduction 31

5.2 Drivers 32

5.2.1 Increasing Need for Controlling Waste Gas Combustion Parameters Due to Stringent Local and Global Environmental Regulations 32

5.2.2 Drivers Impact Analysis 34

5.3 Restraints 35

5.3.1 Shift in Focus Towards Eliminating Flaring By Major Countries 35

5.3.2 Restraints Impact Analysis 35

5.4 Opportunities 36

5.4.1 Growing Demand From Emerging Economies 36

5.5 Porterโ€™s Five Forces Model 36

5.5.1 Threat of New Entrants 37

5.5.2 Bargaining Power of Suppliers 37

5.5.3 Bargaining Power of Buyers 38

5.5.4 Threat of Substitutes 38

5.5.5 Intensity of Rivalry 38

5.6 Value Chain Analysis 39

5.6.1 Raw Material Supply 40

5.6.2 Manufacturing and Assembly 40

5.6.3 Fabrication and Testing 40

5.6.4 End-Use 40

6 Global Flare Monitoring Market, by Type 41

6.1 Overview 41

On the basis of Type, the global Flare Monitoring Market is divided into: 41

6.1.1 Type: Market Estimates & Forecast, 2023โ€“2032 42

6.2 In-Process 43

6.2.1 Mass Spectrometers 43

6.2.2 Gas Chromatographs 43

6.2.3 Gas Analyzers 43

6.3 Remote 43

6.3.1 Remote-IR Imagers 43

6.3.2 MSIR Imagers 43

7 Global Flare Monitoring Market, by Application 45

7.1 Overview 45

On the basis of Application, the global Flare Monitoring Market is divided into: 45

7.1.1 Application: Market Estimates & Forecast, 2023โ€“2032 46

7.2 Oil & Gas Production Sites 47

7.3 Petrochemical 47

7.4 Refineries 48

8 Global Flare Monitoring Market, by Region 52

8.1 Overview 52

8.2 North America 53

8.2.1 US 56

8.2.2 Canada 58

8.2.3 Mexico 58

8.3 Europe 61

8.3.1 Germany 63

8.3.2 UK 64

8.3.3 France 66

8.3.4 Italy 67

8.3.5 Rest of Europe 68

8.4 Asia-Pacific 71

8.4.1 China 73

8.4.2 India 75

8.4.3 Japan 76

8.4.4 Rest of Asia-Pacific 77

8.5 Rest of the World 78

8.5.1 Middle East & Africa 81

8.5.2 South America 82

9 Competitive Landscape 85

9.1 Competitive Overview 85

9.2 Competitor Dashboard 86

9.3 Major Growth Strategies of the Global Flare Monitoring Market 87

9.4 Competitive Benchmarking 88

9.5 Market Share Analysis 88

9.6 ABB: The Leading Player in terms of Number of Developments in the Global Flare Monitoring Market 88

10 Company Profiles 80

10.1 ABB 80

10.1.1 Company Overview 80

10.1.2 Financial Overview 80

10.1.3 Products Offered 80

10.1.4 Key Developments 81

10.1.5 SWOT Analysis 82

10.1.6 Key Strategies 82

10.2 Thermo Fisher Scientific Inc. 83

10.2.1 Company Overview 83

10.2.2 Financial Overview 83

10.2.3 Products Offered 83

10.2.4 Key Developments 84

10.2.5 SWOT Analysis 84

10.2.6 Key Strategies 84

10.3 Siemens 85

10.3.1 Company Overview 85

10.3.2 Financial Overview 85

10.3.3 Products Offered 85

10.3.4 Key Developments 86

10.3.5 SWOT Analysis 87

10.3.6 Key Strategies 87

10.4 Honeywell International Inc 88

10.4.1 Company Overview 88

10.4.2 Financial Overview 88

10.4.3 Products Offered 88

10.4.4 Key Developments 88

10.4.5 SWOT Analysis 90

10.4.6 Key Strategies 90

10.5 AMETEK.Inc 91

10.5.1 Company Overview 91

10.5.2 Financial Overview 91

10.5.3 Products Offered 91

10.5.4 Key Developments 91

10.5.5 Key Strategies 91

10.6 Zeeco, Inc 92

10.6.1 Company Overview 92

10.6.2 Financial Overview 93

10.6.3 Products Offered 94

10.6.4 Key Developments 94

10.6.5 SWOT Analysis 95

10.6.6 Key Strategies 95

10.7 FLIR Systems Inc 96

10.7.1 Company Overview 96

10.7.2 Financial Overview 97

10.7.3 Products Offered 97

10.7.4 Key Developments 98

10.7.5 SWOT Analysis 98

10.7.6 Key Strategies 98

10.8 LumaSense Technologies, Inc 19

10.8.1 Company Overview 19

10.8.2 Financial Overview 19

10.8.3 Products Offered 19

10.8.4 Key Developments 19

10.8.5 SWOT Analysis 101

10.8.6 Key Strategies 101

10.8 Fluenta AS 102

10.8.1 Company Overview 102

10.8.2 Financial Overview 102

10.8.3 Products Offered 102

10.8.4 Key Developments 103

10.8.5 SWOT Analysis 103

10.8.6 Key Strategies 103

10.9 Williamson Corporation 104

10.9.1 Company Overview 104

10.9.2 Financial Overview 104

10.9.3 Products Offered 104

10.9.4 Key Developments 105

10.9.5 SWOT Analysis 105

10.9.6 Key Strategies 105

10.10 Extrel CMS, LLC. 106

10.10.1 Company Overview 106

10.10.2 Financial Overview 107

10.10.3 Products Offered 107

10.10.4 Key Developments 107

10.10.5 SWOT Analysis 108

10.10.6 Key Strategies 108

10.12 Providence Photonics, LLC. 106

10.12.1 Company Overview 106

10.12.2 Financial Overview 107

10.12.3 Products Offered 107

10.12.4 Key Developments 107

10.12.5 SWOT Analysis 108

10.10.6 Key Strategies 108

11 Appendix 108

11.1 References 108

11.2 Related Reports 108

11.3 List of Abbreviation 110

List of Tables

TABLE 1 LIST OF ASSUMPTIONS 26

TABLE 2 FLARE MONITORING MARKET ESTIMATES & FORECAST, BY TYPE, 2023โ€“2032 (USD MILLION) 42

TABLE 3 FLARE MONITORING MARKET ESTIMATES & FORECAST, BY APPLICATION, 2023โ€“2032 (USD MILLION) 46

TABLE 4 GLOBAL FLARE MONITORING MARKET, BY REGION, 2023โ€“2032 (USD MILLION) 53

TABLE 5 NORTH AMERICA: FLARE MONITORING MARKET, BY COUNTRY, 2032-2024 (USD MILLION) 54

TABLE 6 NORTH AMERICA: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 54

TABLE 7 NORTH AMERICA: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 55

TABLE 8 US: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 56

TABLE 9 US: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 57

TABLE 10 CANADA: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 58

TABLE 11 CANADA: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 58

TABLE 12 MEXICO: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 59

TABLE 13 MEXICO: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 60

TABLE 14 MEXICO: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 60

TABLE 15 EUROPE: FLARE MONITORING MARKET, BY COUNTRY, 2032-2024 (USD MILLION) 61

TABLE 16 EUROPE: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 62

TABLE 17 EUROPE: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 62

TABLE 18 GERMANY: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 63

TABLE 19 GERMANY: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 64

TABLE 20 UK: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 65

TABLE 21 UK: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 65

TABLE 22 FRANCE: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 66

TABLE 23 FRANCE: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 67

TABLE 24 FRANCE: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 67

TABLE 25 ITALY: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 68

TABLE 26 ITALY: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 68

TABLE 27 REST OF EUROPE: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 69

TABLE 28 REST OF EUROPE: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 70

TABLE 29 ASIA-PACIFIC: FLARE MONITORING MARKET, BY COUNTRY, 2032-2024 (USD MILLION) 71

TABLE 30 ASIA-PACIFIC: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 72

TABLE 31 ASIA-PACIFIC: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 72

TABLE 32 CHINA: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 73

TABLE 33 CHINA: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 74

TABLE 34 INDIA: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 75

TABLE 35 INDIA: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 75

TABLE 36 JAPAN: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 76

TABLE 37 JAPAN: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 77

TABLE 38 REST OF ASIA-PACIFIC: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 78

TABLE 39 REST OF ASIA-PACIFIC: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 78

TABLE 40 REST OF THE WORLD: FLARE MONITORING MARKET, BY REGION, 2032-2024 (USD MILLION) 79

TABLE 41 REST OF THE WORLD: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 80

TABLE 42 REST OF THE WORLD: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 80

TABLE 43 MIDDLE EAST & AFRICA: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 81

TABLE 44 MIDDLE EAST & AFRICA: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 82

TABLE 45 SOUTH AMERICA: FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 83

TABLE 46 SOUTH AMERICA: FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 83

TABLE 47 ABB: THE MOST ACTIVE PLAYER IN THE GLOBAL FLARE MONITORING MARKET 89

TABLE 48 ABB: PRODUCTS OFFERED 90

TABLE 49 ABB: KEY DEVELOPMENTS 91

TABLE 50 THERMO FISHER SCIENTIFIC INC: PRODUCTS OFFERED 90

TABLE 51 THERMO FISHER SCIENTIFIC INC: KEY DEVELOPMENTS 94

TABLE 52 SIEMENS: PRODUCTS OFFERED 95

TABLE 53 SIEMENS: KEY DEVELOPMENTS 96

TABLE 54 HONEYWELL INTERNATIONAL INC: PRODUCTS OFFERED 98

TABLE 55 HONEYWELL INTERNATIONAL INC: KEY DEVELOPMENTS 99

TABLE 56 AMETEK.INC: PRODUCTS OFFERED 101

TABLE 57 AMETEK.INC: PRODUCTS OFFERED 117

List of Figures

FIGURE 1 MARKET SYNOPSIS 15

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL FLARE MONITORING MARKET, 2032 16

FIGURE 3 GLOBAL FLARE MONITORING MARKET ANALYSIS BY TYPE 16

FIGURE 4 GLOBAL FLARE MONITORING MARKET ANALYSIS BY APPLICATION 17

FIGURE 5 GLOBAL FLARE MONITORING MARKET ANALYSIS BY REGION 19

FIGURE 6 GLOBAL FLARE MONITORING MARKET: MARKET STRUCTURE 21

FIGURE 7 KEY BUYING CRITERIA OF FLARE MONITORING 21

FIGURE 8 RESEARCH PROCESS OF MRFR 22

FIGURE 9 TOP DOWN & BOTTOM UP APPROACH 25

FIGURE 10 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 27

FIGURE 11 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 28

FIGURE 12 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2020 VS 2027) 29

FIGURE 13 REST OF THE WORLD MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 30

FIGURE 14 DROC ANALYSIS OF GLOBAL FLARE MONITORING MARKET 31

FIGURE 15 GLOBAL AUTOMOTIVE PRODUCTION (2016 VS 2032) 32

FIGURE 16 GLOBAL INFRASTRUCTURE INVESTMENT (2018) 33

FIGURE 17 DRIVERS IMPACT ANALYSIS: FLARE MONITORING MARKET 34

FIGURE 18 RESTRAINTS IMPACT ANALYSIS: FLARE MONITORING MARKET 35

FIGURE 19 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL FLARE MONITORING MARKET 37

FIGURE 20 VALUE CHAIN: GLOBAL FLARE MONITORING MARKET 39

FIGURE 21 GLOBAL FLARE MONITORING MARKET, BY TYPE, 2032 (% SHARE) 41

FIGURE 22 GLOBAL FLARE MONITORING MARKET, BY TYPE, 2023โ€“2032 (USD MILLION) 42

FIGURE 23 GLOBAL FLARE MONITORING MARKET, BY APPLICATION, 2032 (% SHARE) 45

FIGURE 24 GLOBAL FLARE MONITORING MARKET, BY APPLICATION, 2023โ€“2032 (USD MILLION) 47

FIGURE 25 GLOBAL FLARE MONITORING MARKET, BY REGION, 2023โ€“2032 (USD MILLION) 52

FIGURE 26 COMPETITOR DASHBOARD: GLOBAL FLARE MONITORING MARKET 86

FIGURE 27 PRODUCT DEVELOPMENT: THE MAJOR STRATEGY ADOPTED BY KEY PLAYERS IN GLOBAL FLARE MONITORING MARKET 87

FIGURE 28 BENCHMARKING OF MAJOR COMPETITORS 88

FIGURE 29 MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2032 89

FIGURE 30 ABB: FINANCIAL OVERVIEW SNAPSHOT 90

FIGURE 31 ABB: SWOT ANALYSIS 92

FIGURE 32 THERMO FISHER SCIENTIFIC INC.: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHICAL REVENUE (2014โ€“2032) 93

FIGURE 33 THERMO FISHER SCIENTIFIC INC.: SWOT ANALYSIS 94

FIGURE 34 SIEMENS.: SWOT ANALYSIS 97

FIGURE 35 SIEMENS SWOT ANALYSIS 100

FIGURE 36 HONEYWELL INTERNATIONAL INC: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHICAL REVENUE (2023โ€“2032) 103

FIGURE 37 HONEYWELL INTERNATIONAL INC: SWOT ANALYSIS 105

FIGURE 38 AMETEK.INC: TOTAL REVENUE VS RESEARCH & DEVELOPMENT AND GEOGRAPHICAL REVENUE (2023โ€“2032) 107

FIGURE 39 AMETEK.INC: SWOT ANALYSIS 109

FIGURE 40 ZEECO, INC: SWOT ANALYSIS 111

FIGURE 41 FLIR SYSTEMS INC: SWOT ANALYSIS 113

FIGURE 42 LUMASENSE TECHNOLOGIES, INC: SWOT ANALYSIS 115

FIGURE 43 FLUENTA AS: FINANCIAL OVERVIEW SNAPSHOT 117

FIGURE 44 FLUENTA AS: SWOT ANALYSIS 118

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