FLARE GAS RECOVERY SYSTEMS MARKET ANALYSIS

Regional Analysis

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North America has emerged as the dominant regional market for flare gas recovery systems. The region accounts for over 35.7% of the global demand due to the large concentration of oil & gas assets and stringent regulatory measures to curb flaring activities. Countries like the U.S. and Canada have old oilfields with substantial associated gas production, necessitating effective gas handling processes to meet environmental mandates. The presence of major flare gas recovery system providers, such as Zeeco, John Zink Hamworthy Combustion, and UOP, has further strengthened the regional supply chain to cater to the growing infrastructure needs.  The flourishing shale gas industry, characterized by associated gas flaring, has spurred new installations of zero-flare combustors and vapor recovery units across several midstream facilities in the U.S. States like Texas and North Dakota have spearheaded flare elimination plans in collaboration with oil producers to recover more saleable hydrocarbon volumes. Meanwhile, new pipeline projects connecting remote production zones to gas networks have augmented the utilization of recovered flare gas. Growing precedence of utilizing recovered gases as an indigenous fuel source has also opened opportunities for flare gas-to-power projects.

Asia Pacific, on the other hand, has emerged as the fastest growing regional market for flare gas recovery systems. Countries like India, Indonesia, Malaysia, and Thailand are witnessing substantial capital expenditures in developing offshore assets and expanding refinery infrastructure. Local governments have rolled out time-bound flare-out commitments in line with international protocols, necessitating the adoption of advanced gas conservation systems. Indian public sector majors have initiated brownfield modernization programs, encompassing flare gas handling upgrades at several mature fields and refineries. Meanwhile, new LNG exporting facilities coming online in Indonesia, Australia, and Malaysia have installed state-of-the-art consoles to eliminate routine flaring and maximize fuel gas usage.