PUBLISHER: The Business Research Company | PRODUCT CODE: 1810129
PUBLISHER: The Business Research Company | PRODUCT CODE: 1810129
Flare monitoring involves the observation, measurement, and analysis of flaring activities, as well as the regulation of excess gas combustion released by industrial operations such as oil and gas refineries, petrochemical facilities, and natural gas processing plants. This process enables real-time tracking and assessment of gas flaring, assisting industries in maintaining environmental compliance, identifying equipment faults, and reducing harmful emissions during both routine procedures and emergency discharges.
The primary product types in flare monitoring include pipe flares, steam-assisted flares, gas-assisted flares, high-pressure flares, specialty flares, ring-of-fire flares, and others. Pipe flares are a basic type of flare system that utilizes a simple pipe to vent and combust surplus gases. Flare monitoring systems comprise various components such as hardware, software, and services, employing technologies like optical monitoring, infrared monitoring, ultrasonic monitoring, flame ionization detection, and laser monitoring. These systems are used in a range of applications including onshore and offshore oil and gas production sites, refineries, petrochemical facilities, and more, serving end users in industries such as oil and gas, petrochemicals, chemicals, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sudden escalation of U.S. tariffs and the consequent trade frictions in spring 2025 are severely impacting the recreation sector, particularly in the supply of imported sports equipment, outdoor gear, and leisure products. Manufacturers and retailers are facing higher costs for items such as bicycles, camping gear, fitness machines, and gaming consoles, much of which are sourced from overseas with limited domestic alternatives. Small businesses operating in the recreational retail space are especially affected, with some reducing inventory or increasing prices to offset margin pressure. Event organizers and recreational facilities are also facing cost hikes for imported equipment and infrastructure materials. In response, the industry is exploring alternative sourcing from tariff-free regions, increasing reliance on local suppliers, and urging policymakers to consider exemptions for non-essential but widely used recreational products.
The flare monitoring market research report is one of a series of new reports from The Business Research Company that provides flare monitoring market statistics, including flare monitoring industry global market size, regional shares, competitors with a flare monitoring market share, flare monitoring market segments, market trends and opportunities, and any further data you may need to thrive in the flare monitoring industry. This flare monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The flare monitoring market size has grown rapidly in recent years. It will grow from $1.43 billion in 2024 to $1.61 billion in 2025 at a compound annual growth rate (CAGR) of 12.9%. The growth during the historic period can be attributed to the acceleration of industrialization in developing nations, growing awareness of air pollution and its associated health risks, the implementation of stricter government regulations on gas flaring, a heightened focus on operational safety within oil and gas facilities, and the increasing demand for emission monitoring solutions.
The flare monitoring market size is expected to see rapid growth in the next few years. It will grow to $2.59 billion in 2029 at a compound annual growth rate (CAGR) of 12.5%. The growth anticipated during the forecast period can be attributed to the expansion of oil and gas exploration activities, a heightened emphasis on environmental compliance, the growing integration of automation in industrial processes, advancements in flare detection technologies, and the increasing demand for real-time emission monitoring systems. Key trends expected in the forecast period include progress in infrared and thermal imaging technologies, the use of advanced data analytics for real-time flare assessment, the emergence of AI-driven flare monitoring systems, innovations in wireless and remote monitoring solutions, and the evolution of tools aimed at emission reduction and regulatory compliance.
The increasing production of oil and gas is expected to drive the growth of the flare monitoring market in the coming years. Oil and gas production involves the extraction of petroleum and natural gas for energy use and industrial manufacturing. This sector is expanding due to the rising global demand for energy, driven by continued industrialization and the growth of transportation. Flare monitoring plays a vital role in oil and gas operations by enabling the detection and control of gas flaring, which supports operational efficiency and compliance with environmental regulations. For example, in June 2025, the Energy Information Administration, a U.S. government agency, reported that U.S. crude oil production reached a record high of 13.2 million barrels per day in 2024, representing a 2% increase compared to the previous record set in 2023. As a result, the growth in oil and gas production is contributing to the expansion of the flare monitoring market.
Leading companies in the flare monitoring market are focusing on developing advanced technologies such as flare gas capture and compression systems to help reduce emissions, improve energy recovery, and meet regulatory requirements. Flare gas capture and compression systems are technologies that collect low-pressure flare gases, compress them, and convert them into usable hydrocarbons rather than burning them off as waste. For instance, in May 2025, Steffes, LLC, an engineering company based in the United States, in collaboration with the Energy & Environmental Research Center (EERC) Foundation, a U.S.-based nonprofit corporation, launched the Polar Bear Compressor. This new system is designed to capture and compress gas that would otherwise be flared at well sites. It helps reduce routine flaring by converting flare gas into valuable oil and LNG products, thereby lowering emissions, supporting near-zero flaring goals, and enhancing resource recovery and operational performance, particularly at low-pressure, low-volume well sites.
In September 2024, KBC (A Yokogawa Company), a U.S.-based software technology firm, acquired Flaretot Limited for an undisclosed sum. This acquisition is intended to strengthen KBC's capabilities in flare system design, simulation, and emissions reduction by incorporating Flaretot Limited's specialized expertise and technology. This move enables energy and process industries to improve safety, regulatory compliance, and operational efficiency while aligning with international sustainability objectives. Flaretot Limited is a UK-based engineering and software company specializes in flare monitoring.
Major players in the flare monitoring market are Siemens AG, Honeywell International Inc., ABB Limited, Eaton Hernis Scan Systems AS, Yokogawa Electric Corporation, Emerson Electric Co., Williamson Corporation, Thermo Fisher Scientific Inc., AMETEK Inc., MKS Instruments Inc., Advanced Energy Industries Inc., KROHNE Group, Teledyne FLIR LLC, Zeeco Inc., Flotek Industries Inc., Galvanic Applied Sciences Inc., Extrel CMS LLC, Fluenta AS, Sensia Solutions S.L., VisionTIR S.L., Tecnovideo S.r.l.
North America was the largest region in the flare monitoring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in flare monitoring report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the flare monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The flare monitoring market consists of revenues earned by entities by providing services such as system calibration services, maintenance and repair services, remote monitoring, data analysis, compliance reporting, emissions tracking, and safety audits. The market value includes the value of related goods sold by the service provider or included within the service offering. The flare monitoring market includes sales of flare cameras, thermal and infrared sensors, gas analyzers, control panels, and alarms. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Flare Monitoring Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on flare monitoring market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for flare monitoring ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The flare monitoring market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.