In crude oil and natural gas production, flare gas systems are utilized all across the globe, to burn and dispose off the excess gas. Accurate and authentic measurement of flare gas is important in order to assure systematic operations of flare gas system, thereby protecting people and environment and creating a safe work culture.

Flow meters required for flare gas monitoring provides plant operation managers with an intelligent tool to convey message of abnormal process and early leak detection. They also comply with safety and environmental standards made by government. These systems are installed on onshore and offshore platforms, at storage tank farms, on transport ships and along distribution pipelines.

Consequences of improper natural gas handling are well known and are strictly monitored by Environmental Protection Agency along with various other international safety organizations. The flammable and combustible properties of hydrocarbons make their handling a highly regulated process, thereby requiring flow meter design certifications from numerous international agencies.

In a process to lower down the global warming, the Environmental Protection Agency (EPA) and various agencies at different levels of government all around the world are imposing strict regulations that may differ for abatement and air pollution monitoring. The transformation of these waste gases to clean electricity and their integration into the power grid is also appreciated by governments of various countries.

Many refineries and chemical plants have installed flare gas system that are especially designed for important flow conditions such as very low flow under normal conditions and sudden turbulent flow under very high upset condition. Plant operators and engineers are then further challenged to strictly comply with the emissions trading authorities and environmental agencies for flow meter accuracy across entire measuring range.

Flow measurement systems bring various challenges to process and instrument engineers while selecting a flow meter solution. Apart from low flow rates and turbulent high flow rates at the time of upset conditions, there are numerous other criteria to consider at the time of selecting a flow meter system. Mixed gases require flow meter calibration especially for hydrocarbon gases and matches to the actual process conditions. Large pipe size increases the effective and flow metering technology options.

At the time of selecting a flow meter for flare gas applications, plant operators and engineer have to go through consolidated check list. There are multiple flow measurement technologies to choose from and not all are well suited to provide proper reliability, accuracy and rugged operating environment in petroleum industry. For instance, flow meter technologies are better at recording volume than mass flow. Accuracy of flow meters is highly influenced by heat and some sensor technologies to maintain proper accuracy. Numerous moving parts are acceptable in some environments for providing better operational accuracy and allows for smooth functioning of the processes.

Increasing population and rapid industrialization are some of the key drivers of the flare gas measuring equipment market. However, high cost required for the extraction of hydrocarbons can hinder the growth of the market. Ample opportunities are there for the flare gas measuring equipments market owing to the stringent government rules and regulations.

Some of the key companies in the business of flare gas measuring equipment are General Electric Company, Fluid Components International LLC, Thermal Instrument Co., Sage Metering Inc., PhotonControl and Sierra Instruments, Inc. among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Flare Gas Measuring Equipment Market

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