LAMEA 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

List of Tables

The Latin America, Middle East and Africa Flare Monitoring Market would witness market growth of 10.3% CAGR during the forecast period (2024-2031).

The Saudi Arabia market dominated the LAMEA Flare Monitoring Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $74.9 million by 2031. The Brazil market is showcasing a CAGR of 10.6% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 9.9% during (2024 - 2031).

These systems give industries valuable insights into their flaring processes, enabling them to optimize operations, reduce unnecessary flaring, and lower emissions. These systems employ various technologies, including infrared cameras, mass spectrometry, thermal imaging, and optical gas imaging, to detect and quantify the composition of gases released during flaring. The real-time data these systems provide allows industries to monitor flaring events as they occur, enabling them to take corrective actions promptly.

Another factor driving the growth of this market is the increasing focus on sustainability and corporate social responsibility (CSR) among businesses. As climate change concerns persist, numerous organizations are striving to mitigate their environmental impact and diminish their carbon footprint through the implementation of sustainability initiatives. Methane is a major contributor to GHG emissions, particularly through flaring. An investment in eruption monitoring systems can enable companies to align their functions and operations with global sustainability objectives and exhibit their dedication to environmental stewardship.

Nigeria, one of Africa's largest oil producers, has been grappling with the environmental impact of gas flaring from its onshore oil production sites. In response, the Nigerian government has introduced several initiatives to reduce flaring and encourage the adoption of these technologies. One initiative to abolish routine gas flaring by 2030 is the Nigerian Gas Flare Commercialization Program (NGFCP), which was initiated by the Ministry of Petroleum Resources. According to the data from the World Bank's Global Gas Flaring Reduction Partnership (GGFR), Nigeria flared about 5.318 billion cubic meters (or 188 Bcf) of natural gas in 2022, making Nigeria the ninth-highest natural gas-flaring country in terms of annual natural gas-flaring volume. Therefore, as environmental regulations tighten and sustainability becomes a higher priority across industries, the flare monitoring market in the LAMEA region is expected to grow.

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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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

LAMEA Flare Monitoring 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

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 LAMEA Flare Monitoring Market, by Mounting Method
- 1.4.2 LAMEA Flare Monitoring Market, by Industry
- 1.4.3 LAMEA 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 KBV 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. LAMEA Flare Monitoring Market by Mounting Method

5.1 LAMEA In-process Market by Country
5.2 LAMEA Flare Monitoring Market by In-process Type
- 5.2.1 LAMEA Gas Chromatographs Market by Country
- 5.2.2 LAMEA Mass Spectrometers Market by Country
- 5.2.3 LAMEA Flowmeters Market by Country
- 5.2.4 LAMEA Calorimeters Market by Country
- 5.2.5 LAMEA Other In-process Type Market by Country
5.3 LAMEA Remote Market by Country
5.4 LAMEA Flare Monitoring Market by Remote Type
- 5.4.1 LAMEA Thermal (IR) Imagers Market by Country
- 5.4.2 LAMEA Multi-Spectrum Infrared (MSIR) Imagers Market by Country
- 5.4.3 LAMEA Other Remote Type Market by Country

Chapter 6. LAMEA Flare Monitoring Market by Industry

6.1 LAMEA Refineries Market by Country
6.2 LAMEA Petrochemicals Market by Country
6.3 LAMEA Onshore Oil & Gas Production Sites Market by Country
6.4 LAMEA Landfills Market by Country
6.5 LAMEA Other Industries Market by Country

Chapter 7. LAMEA Flare Monitoring Market by Country

7.1 Saudi Arabia Flare Monitoring Market
- 7.1.1 Saudi Arabia Flare Monitoring Market by Mounting Method
  - 7.1.1.1 Saudi Arabia Flare Monitoring Market by In-process Type
  - 7.1.1.2 Saudi Arabia Flare Monitoring Market by Remote Type
- 7.1.2 Saudi Arabia Flare Monitoring Market by Industry
7.2 Brazil Flare Monitoring Market
- 7.2.1 Brazil Flare Monitoring Market by Mounting Method
  - 7.2.1.1 Brazil Flare Monitoring Market by In-process Type
  - 7.2.1.2 Brazil Flare Monitoring Market by Remote Type
- 7.2.2 Brazil Flare Monitoring Market by Industry
7.3 UAE Flare Monitoring Market
- 7.3.1 UAE Flare Monitoring Market by Mounting Method
  - 7.3.1.1 UAE Flare Monitoring Market by In-process Type
  - 7.3.1.2 UAE Flare Monitoring Market by Remote Type
- 7.3.2 UAE Flare Monitoring Market by Industry
7.4 Argentina Flare Monitoring Market
- 7.4.1 Argentina Flare Monitoring Market by Mounting Method
  - 7.4.1.1 Argentina Flare Monitoring Market by In-process Type
  - 7.4.1.2 Argentina Flare Monitoring Market by Remote Type
- 7.4.2 Argentina Flare Monitoring Market by Industry
7.5 South Africa Flare Monitoring Market
- 7.5.1 South Africa Flare Monitoring Market by Mounting Method
  - 7.5.1.1 South Africa Flare Monitoring Market by In-process Type
  - 7.5.1.2 South Africa Flare Monitoring Market by Remote Type
- 7.5.2 South Africa Flare Monitoring Market by Industry
7.6 Nigeria Flare Monitoring Market
- 7.6.1 Nigeria Flare Monitoring Market by Mounting Method
  - 7.6.1.1 Nigeria Flare Monitoring Market by In-process Type
  - 7.6.1.2 Nigeria Flare Monitoring Market by Remote Type
- 7.6.2 Nigeria Flare Monitoring Market by Industry
7.7 Rest of LAMEA Flare Monitoring Market
- 7.7.1 Rest of LAMEA Flare Monitoring Market by Mounting Method
  - 7.7.1.1 Rest of LAMEA Flare Monitoring Market by In-process Type
  - 7.7.1.2 Rest of LAMEA Flare Monitoring Market by Remote Type
- 7.7.2 Rest of LAMEA 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

LIST OF TABLES

TABLE 1 LAMEA Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements- Flare Monitoring Market
TABLE 4 Product Launches And Product Expansions- Flare Monitoring Market
TABLE 5 Acquisition and Mergers- Flare Monitoring Market
TABLE 6 LAMEA Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 7 LAMEA Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 8 LAMEA In-process Market by Country, 2020 - 2023, USD Million
TABLE 9 LAMEA In-process Market by Country, 2024 - 2031, USD Million
TABLE 10 LAMEA Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 11 LAMEA Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 12 LAMEA Gas Chromatographs Market by Country, 2020 - 2023, USD Million
TABLE 13 LAMEA Gas Chromatographs Market by Country, 2024 - 2031, USD Million
TABLE 14 LAMEA Mass Spectrometers Market by Country, 2020 - 2023, USD Million
TABLE 15 LAMEA Mass Spectrometers Market by Country, 2024 - 2031, USD Million
TABLE 16 LAMEA Flowmeters Market by Country, 2020 - 2023, USD Million
TABLE 17 LAMEA Flowmeters Market by Country, 2024 - 2031, USD Million
TABLE 18 LAMEA Calorimeters Market by Country, 2020 - 2023, USD Million
TABLE 19 LAMEA Calorimeters Market by Country, 2024 - 2031, USD Million
TABLE 20 LAMEA Other In-process Type Market by Country, 2020 - 2023, USD Million
TABLE 21 LAMEA Other In-process Type Market by Country, 2024 - 2031, USD Million
TABLE 22 LAMEA Remote Market by Country, 2020 - 2023, USD Million
TABLE 23 LAMEA Remote Market by Country, 2024 - 2031, USD Million
TABLE 24 LAMEA Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 25 LAMEA Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 26 LAMEA Thermal (IR) Imagers Market by Country, 2020 - 2023, USD Million
TABLE 27 LAMEA Thermal (IR) Imagers Market by Country, 2024 - 2031, USD Million
TABLE 28 LAMEA Multi-Spectrum Infrared (MSIR) Imagers Market by Country, 2020 - 2023, USD Million
TABLE 29 LAMEA Multi-Spectrum Infrared (MSIR) Imagers Market by Country, 2024 - 2031, USD Million
TABLE 30 LAMEA Other Remote Type Market by Country, 2020 - 2023, USD Million
TABLE 31 LAMEA Other Remote Type Market by Country, 2024 - 2031, USD Million
TABLE 32 LAMEA Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 33 LAMEA Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 34 LAMEA Refineries Market by Country, 2020 - 2023, USD Million
TABLE 35 LAMEA Refineries Market by Country, 2024 - 2031, USD Million
TABLE 36 LAMEA Petrochemicals Market by Country, 2020 - 2023, USD Million
TABLE 37 LAMEA Petrochemicals Market by Country, 2024 - 2031, USD Million
TABLE 38 LAMEA Onshore Oil & Gas Production Sites Market by Country, 2020 - 2023, USD Million
TABLE 39 LAMEA Onshore Oil & Gas Production Sites Market by Country, 2024 - 2031, USD Million
TABLE 40 LAMEA Landfills Market by Country, 2020 - 2023, USD Million
TABLE 41 LAMEA Landfills Market by Country, 2024 - 2031, USD Million
TABLE 42 LAMEA Other Industries Market by Country, 2020 - 2023, USD Million
TABLE 43 LAMEA Other Industries Market by Country, 2024 - 2031, USD Million
TABLE 44 LAMEA Flare Monitoring Market by Country, 2020 - 2023, USD Million
TABLE 45 LAMEA Flare Monitoring Market by Country, 2024 - 2031, USD Million
TABLE 46 Saudi Arabia Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 47 Saudi Arabia Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 48 Saudi Arabia Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 49 Saudi Arabia Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 50 Saudi Arabia Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 51 Saudi Arabia Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 52 Saudi Arabia Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 53 Saudi Arabia Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 54 Saudi Arabia Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 55 Saudi Arabia Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 56 Brazil Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 57 Brazil Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 58 Brazil Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 59 Brazil Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 60 Brazil Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 61 Brazil Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 62 Brazil Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 63 Brazil Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 64 Brazil Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 65 Brazil Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 66 UAE Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 67 UAE Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 68 UAE Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 69 UAE Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 70 UAE Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 71 UAE Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 72 UAE Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 73 UAE Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 74 UAE Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 75 UAE Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 76 Argentina Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 77 Argentina Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 78 Argentina Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 79 Argentina Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 80 Argentina Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 81 Argentina Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 82 Argentina Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 83 Argentina Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 84 Argentina Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 85 Argentina Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 86 South Africa Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 87 South Africa Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 88 South Africa Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 89 South Africa Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 90 South Africa Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 91 South Africa Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 92 South Africa Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 93 South Africa Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 94 South Africa Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 95 South Africa Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 96 Nigeria Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 97 Nigeria Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 98 Nigeria Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 99 Nigeria Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 100 Nigeria Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 101 Nigeria Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 102 Nigeria Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 103 Nigeria Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 104 Nigeria Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 105 Nigeria Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 106 Rest of LAMEA Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 107 Rest of LAMEA Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 108 Rest of LAMEA Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 109 Rest of LAMEA Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 110 Rest of LAMEA Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 111 Rest of LAMEA Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 112 Rest of LAMEA Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 113 Rest of LAMEA Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 114 Rest of LAMEA Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 115 Rest of LAMEA Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 116 Key Information - Ametek, Inc.
TABLE 117 Key Information - Emerson Electric Co.
TABLE 118 Key Information - Siemens AG
TABLE 119 Key Information - ABB Group
TABLE 120 Key Information - Honeywell International, Inc.
TABLE 121 Key Information - Thermo Fisher Scientific, Inc.
TABLE 122 Key Information - Yokogawa Electric Corporation
TABLE 123 Key Information - Fluenta Solutions Limited
TABLE 124 Key Information - Zeeco, Inc.
TABLE 125 Key Information - John Zink Company LLC

LAMEA 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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