Flare Monitoring Market is used to monitor the characteristics of the flare out of the flames from industrial sector and also to restore the gases for environment prevention, for cost saving which can be reused and also helps in maintaining the standardized gases footprints according to the Environmental Protection Agency (EPA). Flares are organic compounds and toxic emission sources to environment. To operate within the allocated flare limits, an industry requires flare management plan and continuous parameter monitoring system. It protects from the premature replacement of machinery and parts reduce lubricant consumption and helps in the generation of less waste. It is used in oil& gas, chemical, petrochemical & refineries applications.
Global flare monitoring market is expected to reach million by 2025 and is projected to register at a CAGR of 7.9 % in the forecast period of 2018 to 2025.
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Competitive Analysis: Global Flare Monitoring Market
Few of the major competitors currently working in Global Flare Monitoring Market are ABB, Ametek Incorporation, Eaton Hernis Scan Systems, Emerson Electric, Endress + Hauser AG, Fluenta AS, Oleumtech Corporation, MKS Instruments, TKH Security Solutions, FLIR Systems Incorporation and others.
Key Pointers Covered in the Global Flare Monitoring Market Trends and Forecast to 2026
- Global Flare Monitoring Market New Sales Volumes
- Global Flare Monitoring Market Replacement Sales Volumes
- Global Flare Monitoring Market Installed Base
- Global Flare Monitoring Market By Brands
- Global Flare Monitoring Market Size
- Global Flare Monitoring Market Procedure Volumes
- Global Flare Monitoring Market Product Price Analysis
- Global Flare Monitoring Market Healthcare Outcomes
- Global Flare Monitoring Market Cost of Care Analysis
- Global Flare Monitoring Market Regulatory Framework and Changes
- Global Flare Monitoring Market Prices and Reimbursement Analysis
- Global Flare Monitoring Market Shares in Different Regions
- Recent Developments for Global Flare Monitoring Market Competitors
- Global Flare Monitoring Market Upcoming Applications
- Global Flare Monitoring Market Innovators Study
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- In January, Endress + Hauser AG launched Micropilot NMR81, which is used for measuring the liquid gauge more than 80 GHz.
- In March, Fluenta AS launched UFM manager software for maintenance to be carried out easily by the ground staff engineers.
- In July, MKS Instruments launched etch sensor for Baratron Capacitance Manometer product, fluoride is used for delivering for atomic application.
- In June, Oleumtech Corporation has launched another point- to- point wireless I/O solution named RM4, to control the system remotely.
- In November, TKH Security Solutions launched Automatic Flare Stack monitoring system, which can be used in marine and oil & gas industries.
- In October, FLIR Systems Incorporation launched black hornet vehicle reconnaissance system enabling the warfighter to maintain the circumstantial awareness. It also provides real time data
Market Segmentation: Global Flare Monitoring Market
- The flare monitoring market is segmented into two notable segments which are mounting methods, industry and geography
- On the basis of mounting method, the market is segmented into in-process and remote. In 2018, remote segment is growing at the CAGR and expected to reach USD in the forecast period of 2018 to 2025.
- Honeywell International Corporation and TKH Security Solutions are few of the company that provides product for remote monitoring
- On the basis of industry, the market is segmented into Onshore Oil & Gas Production Sites, Refineries, Petrochemical, Landfills, Offshore & Metal and Steel Production. In 2018, Offshore & Onshore Oil & Gas Production Sites segment is growing at the highest CAGR and expected to reach USD in the forecast period of 2018 to 2025.
- AMETEK Incorporation and Siemens AG are few of the companies that provides flare monitoring products to refineries industry.
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Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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