In a recent published report, Kenneth Research has updated the market report for Flare Monitoring Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Flare Monitoring Market products.
The Flare Monitoring Market is anticipated to grow at a notable CAGR over the forecast period on the back of the growing demand for renewable energy from several end-user industries, which according to the statistics by the International Renewable Energy Agency (IRENA), reached 2,532,866MW in the year 2019 from 1,223,533MW from the year 2010. Renewable energy is used nowadays in almost each and every industry on the back of the growing concern for the environment and the stringent norms by the government for environmental pollution.
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Market segmentation
The global flare monitoring market is divided on the basis of its type-in-process, remote, application and regional demand. Based on its Type- In-Process, the market is divided into gas chromatographs, mass spectrometers, gas analyzers. On the basis of its remote section, the market is categorized into MSIR imagers and remote-IR imagers. Again, on the basis of its application, the market is classified into Oil & Gas Production Sites, Refineries, and Petrochemicals.
Regional analysis
Geographically, the global flare monitoring market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Leading Key Players
Thermo Fisher Scientific Inc., Extrel CMS, LLC, FLIR Systems Inc., Honeywell International Inc., Fluenta AS., and Zeeco, Inc, Providence Photonics, LLC., ABB, Siemens AG, AMETEK.Inc., LumaSense Technologies, Inc., Williamson Corporation, among others are some of the major players in the global flare monitoring market.
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Table of Content for This Research Report:
- Executive Summary
- Market Introduction
- Research Methodology
- Market Insights
- Market Dynamics
- Market Factor Analysis
- by Product Type
- by Sensor Type
- by Application
- by Region
- Competitive Landscape
- Company Profiles
- Appendix
- Industry Insights
Note: This table of content is tentative and subject to change as the research progresses.
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