Flare Monitoring Market By Mounting Method (In-Process and Remote), By End-Use Industry (Oil & Gas Production Sites, Refineries & Petrochemical and Others), By Region, Competition, Forecast & Opportunities, 2024

The global flare monitoring market is forecast to exhibit a CAGR of over 8% during 2019-2024, growing from $ 773 million in 2018 to $ 1219 million by 2024. Flare monitoring is the ability of a system to detect the level of thermal radiations and the size of flare generated during the removal of unwanted gases in various processes by the industry. The flare monitoring market is expected to grow substantially, backed by factors such as strict environment regulations aimed at curbing harmful emissions and increasing combustion efficiency of flare systems, benefits offered by remote flare monitoring like close monitoring of flare, prevention of unplanned over pressuring of plant equipment, etc.

In terms of end-use industry, the global flare monitoring market is categorized into oil & gas production sites, refineries & petrochemicals and others. Of these industries, refineries & petrochemicals segment accounted for majority share in the global flare monitoring market in 2018, on account of growing consumption of petroleum & petrochemicals products. The segment is anticipated to maintain its dominating market position during the forecast period. The oil & gas production sites category is likely to witness the fastest growth in the global market during 2019-2024, owing to increasing exploration & production activities in the oil & gas industry, globally.

In terms of region, the global flare monitoring market is categorized into Asia-Pacific, North America, Europe, Middle East & Africa and South America. North America dominates the global flare monitoring market, backed by growing government regulations to address poisonous and combustible gases coming out from industries.

Years considered for this report:

• Historical Years: 2014-2017


• Base Year: 2018


• Estimated Year: 2019


• Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast the global flare monitoring market size.


• To forecast the global flare monitoring market based on mounting method, end-use industry and regional distribution.


• To identify drivers and challenges for the global flare monitoring market.


• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global flare monitoring market.


• To conduct the pricing analysis for the global flare monitoring market.


• To identify and analyze the profile of leading players operating in the global flare monitoring market.

Some of the major companies operating in the global flare monitoring market are Honeywell International Inc., Siemens AG, Emerson Electric Company, ABB Ltd., Ametek Inc., Thermo Fisher Scientific Inc., Zeeco Inc., Lumasense Technologies Inc., Endress+Hauser Ag and KJohn Zink Company, LLC.

Both primary as well as exhaustive secondary research were performed for this study. Initially, the researchers sourced a list of flare monitoring system and solution providers across the globe. Subsequently, primary research surveys were conducted with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the researchers were able to include the system and solution providers which could not be identified due to the limitations of secondary research. The researchers analyzed the product offerings, distribution channels and presence of all major system and solution providers across the globe.

The researchers calculated the global flare monitoring market size by using a top down approach, where data for various applications across various end-user segments was recorded and forecast for the future years. The researchers sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Flare monitoring system and solution providers and other stakeholders


• Flare monitoring end-user industries


• Government bodies such as regulating authorities and policy makers


• Organizations, forums and alliances related to flare monitoring market


• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as flare monitoring system and solution providers, suppliers and end-users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, the global flare monitoring market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Mounting method:

• In-Process


• Mass Spectrometers


• Gas Chromatographs


• Gas Analyzers


• Flowmeters


• Calorimeters


• Others


• Remote


• Thermal (IR) Imagers


• Multi Spectrum Infrared (MSIR) Imagers


• Others

Market, by End-use industry

• Oil & Gas Production Sites


• Refineries & Petrochemical


• Others


• Landfills


• Metal & Steel Production

Market, by Region

• North America


• United States


• Canada


• Mexico


• Europe


• Russia


• Norway


• United Kingdom


• Germany


• Italy


• Middle East & Africa


• Saudi Arabia


• Iraq


• Iran


• Algeria


• Asia-Pacific


• China


• India


• Indonesia


• Australia


• Japan


• Malaysia


• South America


• Brazil


• Colombia


• Argentina

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global flare monitoring market.

Available Customizations:

With the given market data, customisation is offered for specific needs. The following customization options are available for the report:
Company Information

Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

Profit margin analysis in case of direct and indirect sales channel.