Flare Monitoring System Market - Introduction

Flare surveillance system is the system's capacity to detect thermal radiation levels and industry-generated flare size. Reliable flare monitoring is always required to minimize the risk opportunities associated with big flare. Flaring may happen throughout the petrochemical, oil & gas, or other production sectors owing to equipment testing, unit failures, or any unfortunate situations. Flaring is caused by the lack of gas usage infrastructure, plant-related preventive maintenance duties, any type of modification or construction on the plant, failure of safety tools such as gas & fire detectors, corrosion failure or any other interruption. Flare surveillance system must be capable of tracking flare size and effective to automatically generate the signal in order to avoid the hazard.

Flare Monitoring System Market – Competitive Landscape

  • In January 2019, Endress + Hauser AG introduced Micropilot NMR81 that is used for measurement of the liquid gauge more than 80 GHz.
  • In November 2018, TKH Security Solutions released Automatic Flare Stack monitoring system, which can be used in oil & gas and marine industries.
  • In October 2018, FLIR Systems Incorporation introduced black hornet vehicle reconnaissance system that enables the warfighter in order to maintain the circumstantial awareness. It also provides real time data.

Looking for Customized Insights to build your business for future, ask for a custom report

Siemens AG

Founded in 1847, Siemens AG is headquartered in Munich, Germany. Siemens AG is a corporation focused primarily on the fields of electrification, automation and digitalization. The firm also offers resource-saving technologies that are energy-efficient. Siemens is a provider of electrical and transmission technologies as well as medical diagnostics. 

FLIR Systems

Established in 1978, FLIR Systems, headquartered in Wilsonville, Oregon, the U.S., is a company specializes in the design and production of thermal imaging cameras, components and imaging sensors. The company offers various sensing solutions into daily life through their thermal imaging systems, locator systems, advanced threat detection systems, visible-light imaging systems and measurement and diagnostic systems.

Honeywell International Inc.

Established in 1906, Honeywell International Inc. is a manufacturer of various commercial and consumer products, aerospace systems and engineering services for a wide variety of customers, from private customers to major corporations and governments.

Some of the significant players in the market are ABB Ltd., Honeywell International Inc., FLIR Systems, Inc., Thermo Fisher Scientific Inc., HERNIS Scan Systems AS., Siemens Ltd., Providence Holding, Inc., Emerson Electric Co, AMETEK Inc., MKS Instruments, LumaSense Technologies Inc, Zeeco, Inc, Hauser Management AG and Galvanic Applied Sciences Inc.

To get glimpse of what our report offers, ask for a report brochure

Flare Monitoring System Market – Dynamics

Strict government environmental regulations related to industrial gas emissions, requirement of real-time flare monitoring system, requirement for enhanced safety standards and global industry standardization, drive flare monitoring system market growth. The global environment is facing a huge problem of water pollution, air pollution, and others. The government is taking tough measures around the globe to curb this issue. Not only does it affect the quality of air or water, it also has an effect on the livelihood of ordinary people, livestock, and the entire ecosystem. This creates a worldwide adverse health-related issue. However, governments, oil companies, and development institutions around the world are encouraged to endorse the initiative's Zero Routine Flaring, which is expected to limit market growth. Instead of ignoring or rare activities, the initiative focuses on routine flaring.

In contrast, flare monitoring system demand rise due to rapid industrialization across developing nations such as India, Korea, Brazil, and others is expected to provide potential market growth opportunities. For instance, Siqura B.V., a Netherlands-based public-owned corporation, provides the first automatic flare stacking surveillance scheme with flare size tracking and automatic event signaling. The newly launched system is capable of tracking and monitoring methanol that is not visible to periodic cameras, prospective flare size, weather conditions, daytime smoke detection, and wind direction shifts. Restricting and controlling the hazardous elements emission in the environment in order to withstand the global environment and avoid the global warming. These factors are fueling the growth of the global flare monitoring system market.

North America is expected to show significant growth during the forecast time frame and also undergoing a pragmatic shift towards flare monitoring devices being installed, especially for flare monitoring devices in-process, mainly across refineries. However, during the forecast period, the areas of RoW and Asia Pacific are anticipated to develop at the largest and second largest rates, respectively. 

Flare Monitoring System Market – Segmentation

The flare monitoring system market can be segmented based on:

  • Mounting Type
  • End Use Industry
  • Geography

Flare Monitoring System Market Segmentation – By Mounting Type

Based on the mounting type, the flare monitoring system market can be fragmented into:

  • In-process mounting
    • Calorimeter
    • Gas Chromatograph
    • Gas Analyzer
    • Mass Spectrometer
  • Remote Mounting
    • Thermal Imager (IR)
    • Multi Spectrum Infrared (MSIR)
    • Others

Flare Monitoring System Market Segmentation – By End Use Industry

Based on the mounting type, the flare monitoring system market can be fragmented into:

  • Landfill
  • Refinery
  • Petrochemical
  • 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?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across 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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Flare Monitoring System Market

Pre Book