PUBLISHER: Grand View Research | PRODUCT CODE: 1554194
PUBLISHER: Grand View Research | PRODUCT CODE: 1554194
Flare Monitoring Market Size, Share & Trends Analysis Report By Mounting Method (In-process, Remote), By Industry (Refineries, Petrochemicals, Onshore Oil & Gas Production Sites, Landfills), By Region, And Segment Forecasts, 2024 - 2030
Flare Monitoring Market Size & Trends:
The global flare monitoring market size was estimated at USD 1.18 billion in 2023 and is expected to grow at a CAGR of 8.7% from 2024 to 2030. The growing demand for precise control over waste gas combustion parameters owing to stringent local and global environmental regulations is a major factor behind the growth of the market. The rapid growth of the oil and gas sector, the rising adoption of flare monitoring technologies in the chemical and petrochemical industries, and continuous advancements in wireless flare monitoring systems are further contributing to the growth of the market. In addition, integration of advanced analytics and artificial intelligence (AI) and increased adoption of remote monitoring technologies.
Technological advancements have significantly improved the capabilities and efficiency of flare monitoring systems. The development of more accurate sensors, data analytics tools, thermal IR imagers, and remote monitoring capabilities has enabled operators to gain better insights into their flare operations and optimize performance. These technologies provide enhanced visibility into flare system performance without requiring physical presence, leading to better decision-making and more efficient operations. These innovations are making flare monitoring more reliable, cost-effective, and environmentally friendly, thereby driving its demand in various end use industries.
The flare monitoring market is witnessing a rise in regulatory requirements and compliance standards, driven by increasing environmental concerns and stricter regulations. Governments and regulatory bodies are implementing more rigorous rules regarding flare emissions, necessitating improved monitoring and reporting practices. For instance, In December 2023, the Environmental Protection Agency (EPA) announced major updates to its air emissions regulations through the introduction of the New Source Performance Standards (NSPS) OOOOb and EG OOOOc. These revisions specifically target emissions in the oil & gas industry and establish rigorous new requirements for both enclosed combustion devices and flares, with a strong focus on reducing methane emissions. This trend is encouraging companies to invest in advanced flare monitoring solutions that can provide accurate, real-time data and ensure compliance with evolving regulations.
Another significant trend is the integration of advanced analytics and AI in flare monitoring systems. AI and machine learning algorithms analyze large volumes of data generated by flare monitoring devices to identify patterns, predict potential failures, and optimize flare performance. By leveraging these technologies, companies can move from reactive to predictive maintenance, reducing downtime and operational disruptions. The use of AI also enhances the accuracy of flare emissions measurements and contributes to more effective regulatory reporting and environmental protection. Thus, several companies provide flame monitoring systems integrated with AI and ML technologies, which in turn drive the market's growth. For instance, CleanFlare, the UK-based company, provides FlareX, an innovative optical-based multi-spectral continuous monitoring system that integrates advanced AI and Deep ML technologies with image processing.
High costs associated with the installation and maintenance of flare maintenance systems could hamper the growth of the market. Advanced technologies, such as Continuous Emission Monitoring Systems (CEMS) and infrared cameras, require a significant initial investment and ongoing maintenance expenses. Furthermore, these systems are often installed in challenging environments, such as elevated positions or hazardous locations, which increases both the complexity and the cost of deployment. In addition, data accuracy and reliability concerns could further hinder the growth of the market.
Global Flare Monitoring Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global flare monitoring market report based on mounting method, industry, and region:
- Mounting Method Outlook (Revenue, USD Million, 2018 - 2030)
- In-process
- Mass Spectrometers
- Gas Chromatographs
- Flowmeters
- Calorimeters
- Others
- Remote
- Thermal (IR) Imagers
- Multi-Spectrum Infrared (MSIR) Imagers
- Others
- Industry Outlook (Revenue, USD Million, 2018 - 2030)
- Refineries
- Petrochemicals
- Onshore Oil & Gas Production Sites
- Landfills
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Middle East & Africa
- UAE
- Kingdom of Saudi Arabia
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.4. Information Analysis
- 1.4.1. Market Formulation & Data Visualization
- 1.4.2. Data Validation & Publishing
- 1.5. Research Scope and Assumptions
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.2. Market Restraint Impact Analysis
- 3.3.3. Market Opportunity Impact Analysis
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.2. PESTEL Analysis
Chapter 4. Flare Monitoring Market: Mounting Method Estimates & Trend Analysis
- 4.1. Mounting Method Movement Analysis & Market Share, 2023 & 2030
- 4.2. Flare Monitoring Market Estimates & Forecast, By Mounting Method
- 4.2.1. In-process
- 4.2.1.1. Mass Spectrometers
- 4.2.1.2. Gas Chromatographs
- 4.2.1.3. Flowmeters
- 4.2.1.4. Calorimeters
- 4.2.1.5. Others
- 4.2.2. Remote
- 4.2.2.1. Thermal (IR) Imagers
- 4.2.2.2. Multi-Spectrum Infrared (MSIR) Imagers
- 4.2.2.3. Others
- 4.2.1. In-process
Chapter 5. Flare Monitoring Market: Industry Estimates & Trend Analysis
- 5.1. Industry Movement Analysis & Market Share, 2023 & 2030
- 5.2. Flare Monitoring Market Estimates & Forecast, By Industry
- 5.2.1. Refineries
- 5.2.2. Petrochemicals
- 5.2.3. Onshore Oil & Gas Production Sites
- 5.2.4. Landfills
- 5.2.5. Others
Chapter 6. Flare Monitoring Market: Regional Estimates & Trend Analysis
- 6.1. Flare Monitoring Market: Regional Outlook
- 6.2. North America
- 6.2.1. North America Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Canada Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Europe Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Germany
- 6.3.2.1. Germany Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.3.3. UK
- 6.3.3.1. UK Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.3.4. France
- 6.3.4.1. France Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4.2. China
- 6.4.2.1. China Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4.3. India
- 6.4.3.1. India Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4.4. Japan
- 6.4.4.1. Japan Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4.5. Australia
- 6.4.5.1. Australia Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4.6. South Korea
- 6.4.6.1. South Korea Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.6. MEA
- 6.6.1. MEA Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.6.2. UAE
- 6.6.2.1. UAE Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.6.3. Kingdom of Saudi Arabia (KSA)
- 6.6.3.1. Kingdom of Saudi Arabia (KSA) Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.6.4. South Africa
- 6.6.4.1. South Africa Flare Monitoring market estimates & forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Share Analysis, 2023
- 7.3. Company Heat Map Analysis
- 7.4. Strategy Mapping
- 7.4.1. Expansion
- 7.4.2. Collaborations
- 7.4.3. Mergers & Acquisitions
- 7.4.4. New Application Launches
- 7.4.5. Partnerships
- 7.4.6. Others
- 7.5. Company Profiles
- 7.5.1. Ametek Inc.
- 7.5.1.1. Company Overview
- 7.5.1.2. Financial Performance
- 7.5.1.3. Product Benchmarking
- 7.5.1.4. Strategic Initiatives
- 7.5.2. Emerson Electric Co.
- 7.5.2.1. Company Overview
- 7.5.2.2. Financial Performance
- 7.5.2.3. Product Benchmarking
- 7.5.2.4. Strategic Initiatives
- 7.5.3. Fluenta AS
- 7.5.3.1. Company Overview
- 7.5.3.2. Financial Performance
- 7.5.3.3. Product Benchmarking
- 7.5.3.4. Strategic Initiatives
- 7.5.4. Zeeco, Inc.
- 7.5.4.1. Company Overview
- 7.5.4.2. Financial Performance
- 7.5.4.3. Product Benchmarking
- 7.5.4.4. Strategic Initiatives
- 7.5.5. Advanced Energy
- 7.5.5.1. Company Overview
- 7.5.5.2. Financial Performance
- 7.5.5.3. Product Benchmarking
- 7.5.5.4. Strategic Initiatives
- 7.5.6. Thermo Fisher Scientific Inc.
- 7.5.6.1. Company Overview
- 7.5.6.2. Financial Performance
- 7.5.6.3. Product Benchmarking
- 7.5.6.4. Strategic Initiatives
- 7.5.7. Teledyne FLIR LLC
- 7.5.7.1. Company Overview
- 7.5.7.2. Financial Performance
- 7.5.7.3. Product Benchmarking
- 7.5.7.4. Strategic Initiatives
- 7.5.8. Fluenta
- 7.5.8.1. Company Overview
- 7.5.8.2. Financial Performance
- 7.5.8.3. Product Benchmarking
- 7.5.8.4. Strategic Initiatives
- 7.5.9. Honeywell International Inc.
- 7.5.9.1. Company Overview
- 7.5.9.2. Financial Performance
- 7.5.9.3. Product Benchmarking
- 7.5.9.4. Strategic Initiatives
- 7.5.10. John Zink Company, LLC
- 7.5.10.1. Company Overview
- 7.5.10.2. Financial Performance
- 7.5.10.3. Product Benchmarking
- 7.5.10.4. Strategic Initiatives
- 7.5.1. Ametek Inc.
List of Tables
- Table 1 Flare monitoring market, 2018 - 2030 (USD Million)
- Table 2 Global market estimates and forecasts, by region, 2018 - 2030 (USD Million)
- Table 3 Global market estimates and forecasts, by mounting method, 2018 - 2030 (USD Million)
- Table 4 Global market estimates and forecasts, by industry, 2018 - 2030 (USD Million)
- Table 5 In-process flare monitoring market, by region, 2018 - 2030 (USD Million)
- Table 6 Remote flare monitoring market, by region, 2018 - 2030 (USD Million)
- Table 7 Refineries flare monitoring market, by region, 2018 - 2030 (USD Million)
- Table 8 Petrochemicals flare monitoring market, by region, 2018 - 2030 (USD Million)
- Table 9 Onshore Oil & Gas Production Sites flare monitoring market, by region, 2018 - 2030 (USD Million)
- Table 10 Landfills flare monitoring market, by region, 2018 - 2030 (USD Million)
- Table 11 Others flare monitoring market, by region, 2018 - 2030 (USD Million)
- Table 12 North America flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 13 North America flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 14 U.S. flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 15 U.S. flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 16 Canada flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 17 Canada flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 18 Mexico flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 19 Mexico flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 20 Europe flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 21 Europe flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 22 Germany flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 23 Germany flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 24 UK flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 25 UK flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 26 France flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 27 France flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 28 Asia Pacific flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 29 Asia Pacific flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 30 China flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 31 China flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 32 India flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 33 India flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 34 Japan flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 35 Japan flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 36 Australia flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 37 Australia flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 38 South Korea flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 39 South Korea flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 40 Latin America flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 41 Latin America flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 42 Brazil flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 43 Brazil flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 44 Middle East & Africa flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 45 Middle East & Africa flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 46 UAE flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 47 UAE flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 48 Kingdom of Saudi Arabia (KSA) flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 49 Kingdom of Saudi Arabia (KSA) flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 50 South Africa flare monitoring market, by mounting method, 2018 - 2030 (USD Million)
- Table 51 South Africa flare monitoring market, by industry, 2018 - 2030 (USD Million)
- Table 52 Company Market Share, 2023
- Table 53 Company Heat Map Analysis
- Table 54 Key companies undergoing expansion
- Table 55 Key companies undergoing collaborations
- Table 56 Key companies undergoing new product launch
- Table 57 Key companies undergoing mergers & acquisitions
- Table 58 Key companies undergoing other strategies
List of Figures
- Fig. 1 Flare Monitoring Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Information Analysis
- Fig. 4 Market Formulation & Data Visualization
- Fig. 5 Data Validation & Publishing
- Fig. 6 Flare Monitoring Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Competitive Landscape Snapshot
- Fig. 9 Flare Monitoring Market Value, 2023 & 2030 (USD Million)
- Fig. 10 Flare Monitoring - Industry Value Chain Analysis
- Fig. 11 Flare Monitoring Market - Market Dynamics
- Fig. 12 Flare Monitoring Market: PORTER's Analysis
- Fig. 13 Flare Monitoring Market: PESTEL Analysis
- Fig. 14 Flare Monitoring Market, by Mounting Method: Key Takeaways
- Fig. 15 Flare Monitoring Market, by Mounting Method: Market Share, 2023 & 2030
- Fig. 16 Flare Monitoring Market, by Industry: Key Takeaways
- Fig. 17 Flare Monitoring Market, by Industry: Market Share, 2023 & 2030
- Fig. 18 Flare Monitoring Market, by Region, 2023 & 2030 (USD Million)
- Fig. 19 Regional Marketplace: Key Takeaways
- Fig. 20 North America Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 21 U.S. Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 22 Canada Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 23 Mexico Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 24 Europe Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 25 Germany Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 26 UK Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 27 France Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 28 Asia Pacific Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 29 China Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 30 India Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 31 Japan Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 32 Australia Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 33 South Korea Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 34 Latin America Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 35 Brazil Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 36 MEA Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 37 UAE Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 38 Kingdom of Saudi Arabia Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 39 South Africa Flare Monitoring Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 40 Company Market Share Analysis, 2023
- Fig. 41 Strategic Framework
