Report

Flare Gas recovery Systems and Services Market: Development, Opportunities and Market Outlook (2016-26)

Energy Industries are the backbone of modern day development and industrialization as the industries are heavily dependent on energy to perform all the activities and tasks. A major part of these energy requirements comes from utilizing non-renewable sources of energy, and as these resources are limited in nature, it is absolutely essential to prevent and reduce wastage of these resources as much as possible.

Gas flaring is the process of burning the associated gas, which is produced along with oil and other hydrocarbons into the atmosphere. The gas is termed as flare gas. Conventionally, flaring was done because flare gas was not considered as a valuable energy commodity but with increasing value of natural gas and increasing environmental concerns, flaring is not allowed and is strictly banned in most parts of the world. Therefore, there is a growing need of Flare Gas recovery Systems and Services. The main jobs performed by a flare gas recovery system are:

  • Reducing flare emissions
  • Isolating the flare header with a proprietary-design liquid seal or staging valve
  • Recovering normally flared gases and delivering them back into the facility so they can be processed and re-used as fuel gas
  • Removing liquids
  • Compressing gases up to a defined pressure level
  • Cooling recovered gases (if required) etc.

Growing environmental concerns and need of resource conservation marks a substantial growth of the Flare Gas recovery Systems and Services Market. The Market had an estimated worth of 1.24 Billion dollars in 2016, and is growing at a steady rate of XX% every year. Our extensive and in-depth analysis concludes that the market is booming and suggests that it will eventually reach an approximated net worth of xx billion dollars by 2026.

Technology and services overview:

A gas flare is a device designed to safely and efficiently destroy the associated gas generated. It may be used in refineries, chemical plants as well in oil and gas production sites. The use of gas flaring recovery techniques has the following advantages:

  • Reduces noise and thermal radiation
  • Reduces Operating and maintenance costs of a flaring unit
  • Reduces air pollution and gas emissions
  • Reduces fuel gas and steam consumption
  • Generates additional hydrocarbon for utilization etc.

Primarily, there are three methods implemented for flare gas recovery, which are as follows:

  • Collection of flare gas, compression, and injection/reinjection of gas into the well: The collected gas is compressed and re-injected into the well to increase its drive and thus use the gas as a gas injection EOR method
  • Using Gas-to-liquid (GTL) conversion technologies: Various technologies are used to convert the gas either into liquefied petroleum gas or liquefied natural gas for ease of transportation (especially in offshore production operations)
  • Using flare gas to Generate electricity: Burning flare gas in incinerators can be used to generate electricity and thus be used to power up the equipment at the operation site etc.

However, the overall decision of flaring or processing of gas depends on gas prices and economics. The flare gas recovery systems also face a number of challenges, which are:

  • Combination of highly variable flow rates and compositions
  • Low heating value of waste gases
  • Low pressure of the waste gases
  • High sourness of gas (High H2S content) etc.

The gas compression and collection into pipelines for processing and sale is a well-established and proven approach to mitigate flaring and venting problems.

Comprehensive analysis of Flare Gas recovery Systems and Services along with technology, equipment, advancements, procedures and applications etc. is provided in the report.

The primary driver of the market is growing environmental concerns related to flaring, concern related to wastage of resources, advancements and development of advanced flare gas recovery systems etc. However, growing capital investment costs, easy and loose governmental policies at some locations (like African countries); space and transportation constraints in offshore production etc. are some challenges for the growth of the market. Besides, tremendous development and advancements in the field along with the constantly firming environmental policies which would absolutely choke the use of flaring in the industry showcase the growth of the market.

Comprehensive competitive analysis and profiles of major market players such as Gardner Denver Nash, Zeeco Inc., John Zink Hamworthy Combustion, Honeywell UOP, MPR Industries and others is also provided in this report.

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By Location

  • Onshore
  • Offshore

By Segment of the Industry

  • Upstream
  • Midstream
  • Downstream

By Technology

  • Collection, Compression and re-injection
  • Implementing Gas to liquid technology
  • By incinerating and generating electricity
  • Others

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
  • Market overview and forecasting covering Optimistic, Realistic and Pessimistic scenarios (2016-2026)
  • Analysis and study of various services provided by major players active in the Flare gas systems and recovery market
  • Market segmentation based on Location, segment of the industry, Technology & Geography
  • Detailed coverage of technology and services involved
  • Technical comparative studies and case analysis
  • Competitive landscape with in depth analysis of the market players’ strategy
  • Infraline’s Techno Managerial edge covering SWOT, TOWS, Porter’s five forces and PESTLE analysis

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