Flare Monitoring System Market – Industry Dynamics and Forecast From 2024 – 2031

August 20, 2021

A flare monitoring system is used in chemical and petrochemical industries to safely dispose the excess gases through combustion. These gases are unwanted waste gases or flammable gases released to prevent unplanned over-pressurizing of plant equipment.
If these hydrocarbon gases are left untreated into the air, they create an environmental hazard, and so burning these gases is less harmful
Environmental regulations require close monitoring of the flare stack to prevent pollutants, especially unburned hydrocarbons from entering the atmosphere
A flare monitoring system is widely used in oil & gas well drilling operations, oil refineries, chemical process plants, gas distribution infrastructure, and landfills
Gas flaring is the main source of Greenhouse Gas (GHG) emissions and methane which are highly hazardous. Hence, flare stack operators have to install flare monitoring systems to neutralize the toxic hydrocarbons before they are released into the air.

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Flare monitoring systems are mainly used in refineries for in-process and remote flare monitoring devices and systems. Increasing demand for crude oil in transportation, industrial activities, and electric power drives, creates demand for flare monitoring systems.
Increasing number of national and international environmental regulations to reduce the emission of harmful gases and other pollutants from extraction to production of oil and gas is driving the demand for flare monitoring systems
Many industries are installing flare monitoring systems for labor safety due to the strict regulations, which boosts the growth of the market. Technological advancements such as infrared systems and non-contact monitoring systems (thermal imaging cameras), which monitors the flare stack all the time are the latest technologies helping in the growth of the flare monitoring system market.

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North America is leading the global flare monitoring system market due to strict government environmental regulations related to industrial gas emissions, and the need for real-time flare monitoring systems to enhance the safety standards
The global environment is facing the problem of water pollution, air pollution etc., due to which governments are taking safety measures around globe to deal with this issue. Increase in demand for flare monitoring systems from emerging economies due to increase in industrialization has positively impacted the growth of the flare monitoring system market in North America.
North America is adopting more flare monitoring systems, due to the growing number of drilling activities, shale gas exploration, and to reduce the emission from industrial activities. Also, rapid growth in chemical and petrochemical industries is responsible for the growth of flare monitoring system market.

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