The Europe flare gas recovery system market size is projected to expand from USD 158.1 million in 2023 to surpass USD 242.5 million by 2033. Over the projection period, flare gas recovery system sales across Europe are likely to soar at around 4.3% CAGR.
Flare gas recovery systems are equipment used mostly in the oil & gas sector during oil & gas production, refining, and other processes to capture and utilize gas that would otherwise be burned or vented into the atmosphere. They are also referred to as flare gas utilization systems.
The rise in the emission of greenhouse gasses and other pollutants into atmosphere due to flaring is encouraging companies across Europe to employ flare gas recovery systems.
Flaring often leads to environmental issues such as air pollution and climate change. To mitigate these issues, companies are increasingly using flare gas recovery systems that help them to capture flare gas and redirect it to more productive uses. Driven by this, Europe flare gas recovery system market is set to witness steady growth.
The market growth is being propelled by the urge of various nations to switch to natural gas. Oil and coal are progressively being replaced by the clean-burning fuel known as natural gas.
Governments and organizations are imposing strict environmental rules to decrease greenhouse gas emissions and combat climate change. This in turn is expected to uplift flare gas recovery system demand as they assist companies in fulfilling these rules by capturing and utilizing the gas that would otherwise be released as waste.
Key flare gas recovery system manufacturers are focusing on research and development to enhance the performance, efficiency, and cost-effectiveness of their products. They are also continuously innovating and introducing new technologies, equipment, and solutions. These technologies help to meet the evolving market demands and regulatory requirements.
The prominent players in the flare gas recovery system market are actively seeking opportunities for market expansion in regions and countries with high flaring rates and increasing environmental concerns. They are establishing a strong international presence through partnerships, local representation, and market-specific strategies.
Oil and gas producers are always attempting to improve their manufacturing operations. Despite this, a considerable portion of the gas gets vented since there are no straightforward ways to commercialize it.
When the price of oil rises, flare gas serves as a relatively modest revenue source, particularly when there is no fee for releasing greenhouse gasses. With current high oil costs and growing environmental concerns, using this flare gas is both financially appealing and environmentally beneficial.
Governments throughout the world have taken legislative measures to combat gas flaring, which has long been a focus of environmental activists. Various countries have already announced measures including fines to cut levels of flaring in recent years.
The pressure to reduce flaring is clear at the international level, with the World Bank setting a target of ‘Zero Routine Flaring by 2030’. It is expected to see a move away from routine flaring at the top of the agenda for most operators.
As more European countries seek to implement regulatory measures to discourage routine flaring, sales of flare gas recovery systems will rise steadily.
Other Drivers Propelling the Demand for Flare Gas Recovery Systems include:
| Attributes | Key Insights |
|---|---|
| Estimated Flare Gas Recovery System Market Size (2023) | USD 158.1 million |
| Projected Market Size (2033) | USD 242.5 million |
| Value-based CAGR (2023 to 2033) | 4.3% |
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As per Future Market Insights, historically from 2018 to 2022, the market for flare gas recovery systems in Europe experienced a CAGR of 4.0%. It is poised to reach a market size of USD 158.1 million in 2023.
Looking ahead, sales of flare gas recovery systems in Europe are anticipated to thrive at 4.3% CAGR, totaling a valuation of USD 242.5 million by 2033.
Demand for flare gas recovery systems in Europe market is rising as companies come under more pressure to limit flaring and lessen their negative environmental effects.
Companies are investing in flare gas recovery systems due to the strict government restrictions and emission standards that are being imposed. This is expected to boost the Europe flare gas recovery system industry during the forecast period.
Growing focus on using energy resources that were previously wasted and cutting their reliance on outside energy sources will create lucrative growth opportunities for flare gas recovery system manufacturers in Europe.
Future flare gas recovery systems are anticipated to gain from developments in technology. Improved monitoring and control systems, more effective capture technologies, and better storage and utilization alternatives are a few examples of these developments.
The creation of more dependable and scalable systems might also benefit from the use of novel materials and inventive engineering concepts.
In the future, flare gas recovery systems might be combined with renewable energy technology. For instance, the flare gas captured might be used as a fuel source for microturbines or combined heat and power (CHP) systems. The utilization of waste gases would be encouraged by this integration, which would also lessen reliance on fossil fuels.
Technical Complexity:
Companies are making research and development investments to improve their goods and stay competitive in the market. They require expertise in engineering and integration that might necessitate the use of expensive equipment, specialized knowledge, innovative training methods, and infrastructure, among other things.
Impact on Human Health:
Flaring gas emits pollutants including the gasses carbon monoxide, nitrogen oxides, organic volatile compounds, sulfur dioxide, aromatic polycyclic hydrocarbons, and soot into the atmosphere. These pollutants can be harmful for both humans and the environment.
Most existing data concerning the human health effects of flaring originates from affluent nations and might not reflect developing-country experiences.
Manufacturers must research alternate choices and create procedures that reduce waste and energy consumption as the demand for eco-friendly and recyclable products rises.
Regulatory and Policy Framework:
Flare gas recovery systems are manufactured and used in accordance with different regulations and standards. Compliance with safety rules, environmental constraints, and certification criteria might be challenging and time-consuming. Companies in this industry might face challenges in keeping up with new standards and ensuring compliance.
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Increasing Demand from Several End Users:
Various end users are using flare gas as a new and passive source of income. They have monetized the gas treatment by removing impurities such as water and hydrogen sulfides and Natural Gas Liquids (NGL). It can be stripped at this stage for operators, which can be sold on the open market to generate an additional revenue stream.
The technical advances have allowed users to convert APG into usable fuel source and eliminate variations in fuel composition. It acts as a barrier to flare-to-power solutions, making it more economical for operators.
Trend Towards Using Natural Gas:
Buyers have become well aware of the environmental downsides of fractional distillation and therefore, ask about the whereabouts of the producing company. This also makes the market flourish positively because producing companies procure equipment that reduces their footprint on the environment. Flare gas recovery systems are amongst those equipment which help them achieve revolutionary figures.
Rise in Downstream Oil and Gas Activities:
The whole downstream sector is a key customer of flare gas recovery systems since they already have several statutory constraints in place that need tight criteria for reducing flare gas emissions. Using flare gas recovery systems is a cost-effective method of reducing refinery flare gas emissions in the downstream sector.
Rising Focus on Reducing Greenhouse Gas Emissions Driving Flare Gas Recovery System Demand in Germany
| Country | Germany |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 43.8 million |
| CAGR from 2023 to End of Forecast (2033) | 4.7% |
As per Future Market Insights (FMI), Germany flare gas recovery system market is expected to reach a valuation of USD 43.8 million by 2033. Overall demand for flare gas recovery systems in Germany is projected to increase at a CAGR of 4.7% during the assessment period.
The growing emphasis on lowering greenhouse gas emissions is a key factor fueling the expansion of the flare gas recovery system industry in Germany.
The adoption of flare gas recovery systems is regarded as a crucial step towards attaining the German government's 2030 aim of lowering greenhouse gas emissions by 55%. This in turn is expected to uplift flare gas recovery systems across Germany.
Expansion of Oil & Gas Sector to Bolster Flare Gas Recovery System Sales in the United Kingdom
| Country | United Kingdom |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 40.4 million |
| CAGR from 2023 to End of Forecast (2033) | 5.2% |
The United Kingdom flare gas recovery systems market size is set to reach USD 40.4 million by 2033. It is likely to witness a positive growth trajectory with overall flare gas recovery system sales thriving at a CAGR of 5.2% during the forecast period.
Rapid expansion of oil & gas sector and growing need for reducing greenhouse emissions are prominent factors driving the United Kingdom market forward.
The adoption of flare gas recovery systems is viewed as a key step towards attaining the United Kingdom government's target of reducing greenhouse gas emissions by around 80% by 2050. These systems allow end users to quickly and effectively recover flare gas and reduce emissions.
High Usage of Flare Gas in Power Generation and Other Applications Boosting France Market
| Country | France |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 22.9 million |
| CAGR from 2023 to End of Forecast (2033) | 4.5% |
The market for flare gas recovery systems in France is set to thrive at 4.5% CAGR during the forecast period, reaching a valuation of USD 22.9 million by 2033. It is likely to remain a lucrative market for flare gas recovery system manufacturers.
Rising usage of flare gas in power generation and other applications and growing adoption of advanced gas recovery technologies are key factors driving France flare gas recovery system industry forward.
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Cost-effectiveness and Simple & Compact Design Making Compressor Technology Popular
Based on technology, compressor segment is expected to lead the global flare gas recovery system industry throughout the forecast period. This is due to rising adoption of liquid ring compressors for recovering flare gas across various sectors.
Compressors such as liquid ring compressors have become appropriate and cost-effective means of recovering flare gas across various sectors. The simple & compact design, cost-effectiveness, minimal pressure fluctuation, and other features are increasing their popularity in oil & gas sector.
Onshore Oil and Gas Fields Segment to Dominate the Target Market Through 2033
According to Future Market Insights (FMI), onshore oil and gas fields segment is expected to generate lucrative revenues in the target market, thereby making it the most dominant application.
Growth of the target segment is attributed to rising onshore oil and gas exploration activities and growing need for reducing environmental impact during onshore drilling & exploration activities.
Flare gas recovery systems are being increasingly employed in onshore oil and gas fields for recovering flare gas. They help companies to reduce their environmental impact and improve profits.
Leading manufacturers of flare gas recovery systems in Europe market are Baker Hughes Company, John Zink Hamworthy Combustion, Honeywell UOP, Cimarron Energy, INC. (Jordan Technologies), Wärtsilä, and Busch NSB AG among others. These companies employed various strategies to boost their revenues. These include,
Technology Innovation:
The primary focus of key players is on research and development to enhance the effectiveness and efficiency of flare gas recovery systems. To maximize flare gas recovery and lower emissions, they make investments in cutting-edge technologies. It includes sophisticated compressor designs, clever monitoring systems, and remote control capabilities.
Expanding Product Portfolio:
Key players frequently broaden their product lines to meet a variety of customer needs. They create and provide a wide variety of flare gas recovery systems, with various capacities, styles, and uses. This enables them to meet the requirements of numerous businesses and adhere to varied regulatory standards.
Recent developments:
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 158.1 million |
| Projected Market Value (2033) | USD 242.5 million |
| Anticipated Growth Rate (2023 to 2033) | 4.3% CAGR |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Operating Pressure, Configuration, Technology, Flow Rate, Application |
| Key Countries Covered | Germany, Austria, Switzerland, France, Spain, Italy, United Kingdom, Poland, Hungary, Greece, Portugal, Russia, Rest of Europe |
| Key Companies Profiled | Baker Hughes Company; John Zink Hamworthy Combustion; Honeywell UOP; Cimarron Energy, INC.( Jordan Technologies); Wärtsilä; Busch NSB AG; Others |
The Europe flare gas recovery system market is anticipated to go up from USD 158.1 million in 2023 to USD 242.5 million by 2033, exhibiting a CAGR of 4.3%.
The Europe flare gas recovery system market recorded a 4.0% CAGR between 2018 and 2022.
Germany stands as the prominent hub in the Europe flare gas recovery system market, poised to reach a revenue potential of USD 43.8 million by 2033.
Europe flare gas recovery system market’s key trends include sustainability focus, stringent environmental regulations, and technological innovations.
Prominent market players such as Baker Hughes Company, John Zink Hamworthy Combustion, Honeywell UOP, Cimarron Energy, INC. (Jordan Technologies), Wärtsilä, and Busch NSB AG dominate the Europe flare gas recovery system market.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Market - Pricing Analysis 7. Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Flow Rate 9.1. 100 to 250 MSCFD 9.2. 250 to 500 MSCFD 9.3. 500 to 750 MSCFD 9.4. 750 to 1000 MSCFD 10. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Operating Pressure 10.1. 10 to 20 bar (large) 10.2. 20 to 60 bar (very large) 10.3. 5 to 10 bar (medium) 10.4. Up to 5 bar (small) 11. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Configuration 11.1. Modular 11.2. Skid Mounted 12. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 12.1. Compressor Based 12.1.1. Liquid Ring 12.1.2. Reciprocating 12.1.3. Screw 12.1.4. Siding Vane 12.2. Ejector Based 13. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 13.1. Onshore Oil and Gas Fields 13.2. Offshore Platforms 13.3. Remote standard gas fields 13.4. Biogas and Landfill Gas Application 14. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 14.1. Germany 14.2. Italy 14.3. France 14.4. United Kingdom 14.5. Spain 14.6. Belgium 14.7. Netherlands 14.8. Luxembourg 14.9. Russia 14.10. Rest of Europe 15. Germany Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Italy Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. France Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. United Kingdom Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Spain Market Analysis 2018 to 2022 and Forecast 2023 to 2033 20. Belgium Market Analysis 2018 to 2022 and Forecast 2023 to 2033 21. Netherlands Market Analysis 2018 to 2022 and Forecast 2023 to 2033 22. Luxembourg Market Analysis 2018 to 2022 and Forecast 2023 to 2033 23. Russia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 24. Rest of Market Analysis 2018 to 2022 and Forecast 2023 to 2033 25. Market Structure Analysis 26. Competition Analysis 26.1. Baker Hughes Company 26.2. Wärtsilä 26.3. John Zink Hamworthy Combustion 26.4. Cimarron Energy 26.5. Srisen Energy Technology Co., Ltd 26.6. Transvac Systems Limited 26.7. Frames Group B.V 26.8. Caltec Production Solutions Ltd 26.9. BORSIG GmbH 26.10. Honeywell UOP 26.11. Membrane Technology and Research, Inc. 26.12. Busch NSB AG (Busch Group) 26.13. Aerzener Maschinenfabrik GmbH 26.14. Gardner Denver 27. Assumptions and Acronyms Used 28. Research Methodology
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Europe Flare Gas Recovery System Market
