Global Flare Monitoring Market – Industry Trends and Forecast to 2025


Global Flare Monitoring Market, By Mounting method (In- Process and Remote), Industry (Onshore Oil & Gas Production Sites, Refineries, Petrochemical, Landfills, Offshore & Metal and Steel Production), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2025 
The flare monitoring is used to monitor the characteristics of the flare out of the flames from industrial sector and also to restore the gases for environment prevention, for cost saving which can be reused and also helps in maintaining the standardized gases footprints according to the Environmental Protection Agency (EPA). Flares are organic compounds and toxic emission sources to environment. To operate within the allocated flare limits, an industry requires flare management plan and continuous parameter monitoring system. It protects from the premature replacement of machinery and parts reduce lubricant consumption and helps in the generation of less waste. It is used in oil& gas, chemical, petrochemical & refineries applications.
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Global flare monitoring market is expected to reach million by 2025 and is projected to register at a CAGR of 7.9 % in the forecast period of 2018 to 2025.
Market Segmentation: Global Flare Monitoring Market
The flare monitoring market is segmented into two notable segments which are mounting methods, industry and geography
On the basis of mounting method, the market is segmented into in-process and remote. In 2018, remote segment is growing at the CAGR and expected to reach USD in the forecast period of 2018 to 2025.
On the basis of industry, the market is segmented into Onshore Oil & Gas Production Sites, Refineries, Petrochemical, Landfills, Offshore & Metal and Steel Production. In 2018, Offshore & Onshore Oil & Gas Production Sites segment is growing at the highest CAGR and expected to reach USD in the forecast period of 2018 to 2025.
Honeywell International Corporation and TKH Security Solutions are few of the company that provides product for remote monitoring
AMETEK Incorporation and Siemens AG are few of the companies that provides flare monitoring products to refineries industry.

Competitive Analysis:
Global Flare Monitoring Market
Some of the prominent participants operating in this market are ABB, Ametek Incorporation, Eaton Hernis Scan Systems, Emerson Electric, Endress + Hauser AG, Fluenta AS, Oleumtech Corporation, MKS Instruments, TKH Security Solutions, FLIR Systems Incorporation  and others.
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