Global Flare Monitoring Market research Likely to Emerge over a Period of 2018 - 2028
Flare monitoring is used to determine the size of flare and the level of thermal radiations generated by the industry. Flaring can occur across the oil & gas, petrochemical, or other manufacturing industries owing to unit malfunctions, equipment testing, or any unsuccessful circumstances, which makes the flare monitoring, a mandatory step.
Flare monitoring is necessary because, the flaring of gas contributes to global warming, weather change and also influences the environment through the emission of black carbon, CO2, and other hazardous pollutants. Hence the governments across the globe are imposing the laws on flare monitoring system and the strict implementation of flare monitoring.
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The flaring can be classified as continuous production flaring, initial startup flaring, unplanned operational flaring, planned operational flaring, and safety flaring, owing to these flaring conditions, the flare monitoring becomes a mandate for the industries. Absence of gas utilization infrastructure, protective maintenance tasks associated with power plants, and any kind of constructions or modifications on power plant, failure of the safety devices such as fire detectors & gas, failure due to corrosion, or miscellaneous stoppages can cause flaring.
The flare monitoring system is capable of automatic generation of the signal, and flare size tracking, so that the hazard can be avoided. Hence the flare monitoring market is gaining the pace worldwide.
Strict Environmental Regulations Supporting Growth of Flare Monitoring Market
Strict environmental regulations from various governments associated with the industrial gas radiation, constraint of real time flare monitoring system, and obligation of increased & enhanced safety norms and global industry regularization, are fueling the growth of the global flare monitoring market. Various governments from across the globe are taking the crucial steps to control the air as well as water pollution and its dangerous effects on global environment.
Controlling and restricting the emission of the hazardous elements in the environment to sustain the global environment and prevent the global warming and climate change is need of an hour. These factors are boosting the growth of the global flare monitoring market.
Global Flare Monitoring Market: Segmentation
The global flare monitoring market has been segmented on the basis of mounting type, end use industry, and region
The flare monitoring market is segmented on the basis of mounting type:
- In Process-Mass Spectrometers
- Remote-IR Imagers
- MSIR Imagers
- Gas Chromatographs
The flare monitoring market is segmented on the basis of end use industry:
- Refineries
- Onshore Oil & Gas Production Sites
- Chemical and Petrochemical
Global Flare Monitoring Market: Competition Landscape
The prominent vendors of the global flare monitoring market are focusing on acquisitions and partnerships. Along with that, the vendors are engaged in providing the enhanced and technologically improved flare monitoring systems for better performance.
For instance, in 2018, Emerson Electric Corporation, one of the prominent United State based vendor of the flare monitoring systems has announced, acquisition with Advanced Engineering Valves (A.E. Valves), a leading vendor of innovative valve technology which helps LNG customers operate more professionally. The transaction will enable Emerson, a global leader in automation solutions and technology, to provide its customers with the world’s broadest portfolio of valves to improve process performance and reliability.
Some of the prominent manufacturers operating in global flare monitoring market are Ametek Incorporation, ABB, Emerson Electric Corporation, Eaton Hernis Scan Systems, Endress + Hauser AG, Oleumtech Corporation, Fluenta AS, MKS Instruments, FLIR Systems Incorporation TKH Security Solutions, and others.
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