Browse Full: "Global Flare Gas Recovery System Market Analysis & Opportunity
Assessment, 2014 - 2020" Report at http://www.futuremarketinsights.com/reports/details/globalflare-gas-recovery-system-market
Region-wise, Western Europe has been the forerunner in FGRS installations in the recent past due to
stringent norms set for achieving 2020 carbon reduction targets. North America represents high
volume as well as value opportunity for flare gas recovery system and component manufacturers
amid growing unconventional resources exploration.
In terms of volume and value, North America region is projected to maintain its prominent share of
32.3% and 32.7% respectively. Furthermore, matured economies such as Europe and North
America together command predominant share of market value by 66.7% and are collectively
projected to grow at 12.4%. South America and Asia Pacific are also anticipated to show high
growth at a CAGR of 17.1% and 16.7% respectively during the forecast period.
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Other rich natural gas reserves regions such as the Middle East & North Africa and Eurasia are
anticipated to demonstrate a slightly sluggish growth by 2020 due to high capital cost of systems,
extended payback period, and less clarity over return on investment.
Key players in the global flare gas recovery systems market are Zeeco, Gardner Denver Nash, and
John Zink Hamworthy Combustion.
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