Global Flare Monitoring Market Size & Outlook, 2023-2030
The flare monitoring industry worldwide is expected to reach a projected revenue of US$ 2,084.3 million by 2030. A compound annual growth rate of 8.5% is expected of the worldwide flare monitoring industry from 2024 to 2030.
Revenue, 2023 (US$M)
$1,178.2
Forecast, 2030 (US$M)
$2,084.3
CAGR, 2024 - 2030
8.5%
Report Coverage
Worldwide
Global flare monitoring market, 2018-2030 (US$M)
Global flare monitoring market highlights
- The global flare monitoring market generated a revenue of USD 1,178.2 million in 2023 and is expected to reach USD 2,084.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.5% by 2030.
- In terms of segment, in-process accounted for a revenue of USD 1,178.2 million in 2023.
- In-process is the most lucrative mounting method segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 1,178.2 million |
| Market revenue in 2030 | USD 2,084.3 million |
| Growth rate | 8.5% (CAGR from 2024 to 2030) |
| Largest segment | In-process |
| Fastest growing segment | In-process |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In-process |
Other key industry trends
- In terms of revenue, the North America accounted for 32.4% of the global flare monitoring market in 2023.
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Flare Monitoring Market Scope
Flare monitoring market segmentation & scope
Gas Chromatographs
Flowmeters
Calorimeters
Other In-process
Remote
Thermal (IR) Imagers
Multi-Spectrum Infrared (MSIR) Imagers
Other Remote
Industry
Refineries
Petrochemicals
Onshore Oil & Gas Production Sites
Landfills
Other Industry
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Flare Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global flare monitoring market size, by regions, 2018-2030 (US$M)
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