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North America Flare Monitoring Market Size, Share & Trends Analysis Report By Mounting Method, By Industry (Refineries, Petrochemicals, Onshore Oil & Gas Production Sites, Landfills, and Other Industries), By Country and Growth Forecast, 2024 - 2031

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    Report

  • 120 Pages
  • September 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6007441
The North America Flare Monitoring Market would witness market growth of 7.7% CAGR during the forecast period (2024-2031).

The US market dominated the North America Flare Monitoring Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $455.8 million by 2031. The Canada market is experiencing a CAGR of 9.7% during (2024 - 2031). Additionally, the Mexico market would exhibit a CAGR of 9.1% during (2024 - 2031).



This refers to continuously tracking, analyzing, and reporting emissions produced during the flaring of excess gases in industrial operations. Flaring is a prevalent practice in industries such as oil and gas, petrochemicals, refineries, and chemical facilities. It involves the controlled combustion of gases that are not recoverable or usable in the production process. The primary objective of this is to minimize the environmental and health consequences of emitting pollutants while ensuring that flaring is conducted safely and efficiently.

Flares burn off gases released during production, processing, or storage, which could otherwise accumulate and pose safety hazards. However, flaring generates emissions that include greenhouse gases such as carbon dioxide (CO2) and methane (CH4), as well as other harmful pollutants like volatile organic compounds (VOCs), sulfur dioxide (SO2), and nitrogen oxides (NOx). Emissions like these contribute to air pollution, global warming, and hazards to public health, which is why it is necessary to monitor flare operations.

Mexico's oil and gas sector, particularly its refineries, drives the increasing demand for these systems. Pemex, the state-owned oil company, operates six major refineries, all of which have been under pressure to reduce emissions as part of the country's commitments under the Paris Agreement. The Mexican government has introduced environmental regulations, such as the NOM-085-SEMARNAT standard, which limits air pollution from refineries and industrial sources. The Secretariat of Environment and Natural Resources (SEMARNAT) oversees these initiatives and promotes using advanced monitoring systems to ensure compliance. In addition, Mexico’s Energy Transition Law encourages the use of clean technologies in energy production, providing a regulatory backdrop that indirectly fuels the demand for flare monitoring in the refining sector. Thus, the region will present lucrative growth prospects for the market throughout the forecast period.

Based on Mounting Method, the market is segmented into In-process (Gas Chromatographs, Mass Spectrometers, Flowmeters, Calorimeters, and Other In-process Type) and Remote (Thermal (IR) Imagers, Multi-Spectrum Infrared (MSIR) Imagers, and Other Remote Type). Based on Industry, the market is segmented into Refineries, Petrochemicals, Onshore Oil & Gas Production Sites, Landfills, and Other Industries. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Ametek, Inc.
  • Emerson Electric Co.
  • Siemens AG
  • ABB Group
  • Honeywell International, Inc.
  • Thermo Fisher Scientific
  • Yokogawa Electric Corporation
  • Fluenta AS
  • Zeeco, Inc.
  • John Zink Company, LLC

Market Report Segmentation

By Mounting Method

  • In-process
  • Gas Chromatographs
  • Mass Spectrometers
  • Flowmeters
  • Calorimeters
  • Other In-process Type
  • Remote
  • Thermal (IR) Imagers
  • Multi-Spectrum Infrared (MSIR) Imagers
  • Other Remote Type

By Industry

  • Refineries
  • Petrochemicals
  • Onshore Oil & Gas Production Sites
  • Landfills
  • Other Industries

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Flare Monitoring Market, by Mounting Method
1.4.2 North America Flare Monitoring Market, by Industry
1.4.3 North America Flare Monitoring Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Dec - 2024, Jul) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America Flare Monitoring Market by Mounting Method
5.1 North America In-process Market by Region
5.2 North America Flare Monitoring Market by In-process Type
5.2.1 North America Gas Chromatographs Market by Country
5.2.2 North America Mass Spectrometers Market by Country
5.2.3 North America Flowmeters Market by Country
5.2.4 North America Calorimeters Market by Country
5.2.5 North America Other In-process Type Market by Country
5.3 North America Remote Market by Region
5.4 North America Flare Monitoring Market by Remote Type
5.4.1 North America Thermal (IR) Imagers Market by Country
5.4.2 North America Multi-Spectrum Infrared (MSIR) Imagers Market by Country
5.4.3 North America Other Remote Type Market by Country
Chapter 6. North America Flare Monitoring Market by Industry
6.1 North America Refineries Market by Country
6.2 North America Petrochemicals Market by Country
6.3 North America Onshore Oil & Gas Production Sites Market by Country
6.4 North America Landfills Market by Country
6.5 North America Other Industries Market by Country
Chapter 7. North America Flare Monitoring Market by Country
7.1 US Flare Monitoring Market
7.1.1 US Flare Monitoring Market by Mounting Method
7.1.1.1 US Flare Monitoring Market by In-process Type
7.1.1.2 US Flare Monitoring Market by Remote Type
7.1.2 US Flare Monitoring Market by Industry
7.2 Canada Flare Monitoring Market
7.2.1 Canada Flare Monitoring Market by Mounting Method
7.2.1.1 Canada Flare Monitoring Market by In-process Type
7.2.1.2 Canada Flare Monitoring Market by Remote Type
7.2.2 Canada Flare Monitoring Market by Industry
7.3 Mexico Flare Monitoring Market
7.3.1 Mexico Flare Monitoring Market by Mounting Method
7.3.1.1 Mexico Flare Monitoring Market by In-process Type
7.3.1.2 Mexico Flare Monitoring Market by Remote Type
7.3.2 Mexico Flare Monitoring Market by Industry
7.4 Rest of North America Flare Monitoring Market
7.4.1 Rest of North America Flare Monitoring Market by Mounting Method
7.4.1.1 Rest of North America Flare Monitoring Market by In-process Type
7.4.1.2 Rest of North America Flare Monitoring Market by Remote Type
7.4.2 Rest of North America Flare Monitoring Market by Industry
Chapter 8. Company Profiles
8.1 Ametek, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments
8.1.5.1 Product Launches and Product Expansions
8.1.6 SWOT Analysis
8.2 Emerson Electric Co.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments
8.2.5.1 Partnerships, Collaborations, and Agreements
8.2.5.2 Product Launches and Product Expansions
8.2.5.3 Acquisition and Mergers
8.2.6 SWOT Analysis
8.3 Siemens AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments
8.3.5.1 Product Launches and Product Expansions
8.3.6 SWOT Analysis
8.4 ABB Group
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Honeywell International, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments
8.5.5.1 Product Launches and Product Expansions
8.5.6 SWOT Analysis
8.6 Thermo Fisher Scientific, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 SWOT Analysis
8.7 Yokogawa Electric Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Fluenta Solutions Limited
8.8.1 Company Overview
8.8.2 Recent strategies and developments
8.8.2.1 Partnership Collaboration & Agreement
8.9 Zeeco, Inc.
8.9.1 Company Overview
8.10. John Zink Company LLC (Koch Industries Inc.)
8.10.1 Company Overview

Companies Mentioned

  • Ametek, Inc.
  • Emerson Electric Co.
  • Siemens AG
  • ABB Group
  • Honeywell International, Inc.
  • Thermo Fisher Scientific
  • Yokogawa Electric Corporation
  • Fluenta AS
  • Zeeco, Inc.
  • John Zink Company, LLC

Methodology

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