Dublin, Sept. 16, 2020 (GLOBE NEWSWIRE) -- The "Flare Gas Recovery System Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The flare gas recovery system market is expected to grow at a CAGR of more than 2% over the period of 2020-2025

Europe is expected to be the fastest-growing flare gas recovery system market in the forecast period. The Russian Federation is expected to play a leading role in the growth of the market.

actors such as an increase in environmental awareness, regulations, and potential chances of gaining profit from the flare gas recovery product are expected to provide a boost to the market. However, lack of technology in underdeveloped and emerging economies and lack of government regulations in such countries are expected to restraint the growth of the market

The downstream sector is expected to dominate the market, as they already have various governmental restrictions in place which demand strict rules for reducing the flare gas emission. The flare gas recovery system provides for an economically viable method to reduce the flare gas emission from the refineries.

The World Bank has been pursuing a strategy of incentivizing governments and privately-owned companies to mitigate their flaring of gas by the Zero Routine Flaring 2030 initiative. The initiative is to completely stop the routine flaring of gas, especially in the upstream sector. This may provide an opportunity for companies in the market.

Key Market Trends

Downstream Sector to Dominate the Market

The flare gas recovery system market is partially fragmented. Some of the key players in this market are John Zink Hamworthy Combustion LLC, Gardner Denver Holdings Inc, Honeywell International Inc, MAN SE, and SoEnergy International Inc.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast, in USD billion
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis

5 MARKET SEGMENTATION
5.1 Application
5.1.1 Upstream
5.1.2 Downstream
5.1.3 Others
5.2 Geography
5.2.1 North America
5.2.2 Asia-Pacific
5.2.3 Europe
5.2.4 South America
5.2.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 John Zink Hamworthy Combustion LLC
6.3.2 Gardner Denver holdings Inc
6.3.3 Honeywell International Inc
6.3.4 Zeeco, Inc
6.3.5 SoEnergy International Inc
6.3.6 Wartsila Oyj Abp
6.3.7 Transvac Systems Ltd
6.3.8 Aerzener Maschinenfabrik GmbH
6.3.9 MAN SE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/snqb8f

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