Global Portable Flaring Systems Market – Introduction
- Flare is a burning device to burn unwanted, associated, or excess liquids and gases released during unplanned or normal over pressuring operation in various industrial processes, which include extraction of oil & gas, petrochemical operation, and chemical operation plants, landfills, refineries, and coal industry.
- A portable flaring system, also known as mobile flaring system, is a temporary flare equipment that is used to burn off unwanted waste gases that can be easily transported from site to site in different industries such as petrochemical, oil and gas and chemical.
- Moreover, the portable flaring system is used to stabilize the flame during flare piping. Portable flare systems are employed for maintenance, inspection, and repair of the tank or vessels in oil gas refineries.
Global Portable Flaring Systems Market – Dynamics
- Key driver of Portable Flaring Systems Market
Rising demand for portable flaring systems in oil & gas industry
- With the rising production of oil and gas where smokeless flaring can be achieved without the use of additional mediums, such as air streams and auxiliary gas, is expected to boost the portable flaring system market during the forecast period.
- Moreover, portable flaring systems are used to provide smokeless performance of both low pressure and high pressure gas streams in the oil & gas industry. This, in turn, is expected to drive the portable flaring systems market in the near future.
- Furthermore, increasingly stringent regulations enacted by international, national, and regional environmental bodies, in order to reduce emissions of harmful volatile organic compound (VOCs) and other pollutants from the production and extraction of oil & gas, are expected to propel the demand for portable flaring systems in the near future.
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Global Portable Flaring Systems Market – Competition Landscape
The global portable flaring systems market is highly concentrated with top manufacturers accounting for approximately 40% to 50% share of the market. A few of the key players operating in the global portable flaring systems market are:
- Honeywell International Inc.
- Siemens AG
- FLIR Systems
- Alberta Flares
- Callidus Technologies L.L.C.
- Expro Group
- Hero Flare
- FLARE KING INC.
- John Zink Hamworthy
- MRW Technologies, Inc.
- Gulf Coast Environmental Systems (GCES)
- Airoil Flaregas Pvt. Ltd
- PREMA-SERVICE GmbH
- NAO, Inc.
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Global Portable Flaring Systems Market – Research Scope
The global portable flaring systems market can be segmented based on:
Global Portable Flaring Systems Market, by Products
Based on products, the global portable flaring systems market can be divided into:
- Pipe Flares
- Steam Assisted Flares
- Air Assisted Flares
- Gas Assisted Flares
- Hemis Flares
- Offshore Flares
- Low BTU Flares
- Portable Flares
- Totally Enclosed Ground Flares
- Multipoint Ground Flares
Global Portable Flaring Systems Market, by Application
In terms of application, the global portable flaring systems market can be classified into:
- Steel Industries
- Petrochemical operations
- Oil and gas production
Global Portable Flaring Systems Market, by Accessories
In terms of accessories, the global portable flaring systems market can be classified into:
- High Stability Pilots
- Velocity Seal
- Density Seal
- Knock-out Drum
- Liquid Seal Drum
- Aircraft Warning Lights
- Flame / Smoke Monitor
- Flame Arrestor
Global Portable Flaring Systems Market, by Type
Based on type, the global portable flaring systems market can be bifurcated into:
- Trailer Flare Systems
- Skid Mounted Flares
Global Portable Flaring Systems Market, by Region
Based on region, the global portable flaring systems market can be categorized into:
- North America
- Rest of North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
The report incorporates in-depth assessment of product development, financial analysis, product market sizing, competition landscape, product benchmarking, market trends, and strategic analysis to estimate the potential opportunities for and impact forces of the global portable flaring systems market. The report also includes a study and qualitative and quantitative research of major developments in the market such as mergers and acquisitions, product launches, agreements, and collaborations to recognize the prevailing market dynamics and their estimated impact during the forecast period.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold 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.