Flare Gas Recovery Systems - Global Market Trajectory & Analytics

Global Flare Gas Recovery Systems Market to Reach $4.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Flare Gas Recovery Systems estimated at US$2.2 Billion in the year 2020, is projected to reach a revised size of US$4.9 Billion by 2027, growing at a CAGR of 12.2% over the period 2020-2027.

The U. S. Market is Estimated at $649.2 Million, While China is Forecast to Grow at 11.7% CAGR

The Flare Gas Recovery Systems market in the U. S. is estimated at US$649.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$860.6 Million by the year 2027 trailing a CAGR of 11.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.7% and 10.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.9% CAGR. We bring years of research experience to this 8th edition of our report. The 99-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• Aerzener Maschinenfabrik GmbH
• Gardner Denver Nash
• Honeywell International, Inc.
• John Zink Company LLC
• Transvac Systems Ltd.
• Wartsila Corporation
• Zeeco Inc.