Flare Monitoring Market Report 2026

The flare monitoring market size has grown rapidly in recent years. It will grow from $1.61 billion in 2025 to $1.82 billion in 2026 at a compound annual growth rate (CAGR) of 13%. The growth in the historic period can be attributed to stricter environmental compliance requirements, expansion of oil and gas production facilities, rising awareness of flare-related emissions, deployment of basic flare monitoring hardware, increased regulatory inspections.

The flare monitoring market size is expected to see rapid growth in the next few years. It will grow to $2.91 billion in 2030 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to increasing adoption of digital emission management platforms, rising investments in low-emission oil and gas operations, expansion of offshore monitoring requirements, growing demand for predictive maintenance analytics, increasing focus on methane and CO2 reduction. Major trends in the forecast period include increasing adoption of real-time flare monitoring systems, rising deployment of optical and infrared sensors, growing integration of software-based emission analytics, expansion of automated flare control solutions, enhanced focus on regulatory reporting accuracy.

The increasing production of oil and gas is expected to drive the growth of the flare monitoring market in the coming years. Oil and gas production involves the extraction of petroleum and natural gas for energy use and industrial manufacturing. This sector is expanding due to the rising global demand for energy, driven by continued industrialization and the growth of transportation. Flare monitoring plays a vital role in oil and gas operations by enabling the detection and control of gas flaring, which supports operational efficiency and compliance with environmental regulations. For example, in June 2025, the Energy Information Administration, a U.S. government agency, reported that U.S. crude oil production reached a record high of 13.2 million barrels per day in 2024, representing a 2% increase compared to the previous record set in 2023. As a result, the growth in oil and gas production is contributing to the expansion of the flare monitoring market.

Leading companies in the flare monitoring market are focusing on developing advanced technologies such as flare gas capture and compression systems to help reduce emissions, improve energy recovery, and meet regulatory requirements. Flare gas capture and compression systems are technologies that collect low-pressure flare gases, compress them, and convert them into usable hydrocarbons rather than burning them off as waste. For instance, in May 2025, Steffes, LLC, an engineering company based in the United States, in collaboration with the Energy & Environmental Research Center (EERC) Foundation, a U.S.-based nonprofit corporation, launched the Polar Bear Compressor. This new system is designed to capture and compress gas that would otherwise be flared at well sites. It helps reduce routine flaring by converting flare gas into valuable oil and LNG products, thereby lowering emissions, supporting near-zero flaring goals, and enhancing resource recovery and operational performance, particularly at low-pressure, low-volume well sites.

In September 2024, KBC (A Yokogawa Company), a U.S.-based software technology firm, acquired Flaretot Limited for an undisclosed sum. This acquisition is intended to strengthen KBC’s capabilities in flare system design, simulation, and emissions reduction by incorporating Flaretot Limited’s specialized expertise and technology. This move enables energy and process industries to improve safety, regulatory compliance, and operational efficiency while aligning with international sustainability objectives. Flaretot Limited is a UK-based engineering and software company specializes in flare monitoring.

Major companies operating in the flare monitoring market are Siemens AG, Honeywell International Inc., ABB Limited, Eaton Hernis Scan Systems AS, Yokogawa Electric Corporation, Emerson Electric Co., Williamson Corporation, Thermo Fisher Scientific Inc., AMETEK Inc., MKS Instruments Inc., Advanced Energy Industries Inc., KROHNE Group, Teledyne FLIR LLC, Zeeco Inc., Flotek Industries Inc., Galvanic Applied Sciences Inc., Extrel CMS LLC, Fluenta AS, Sensia Solutions S.L., VisionTIR S.L., Tecnovideo S.r.l.

North America was the largest region in the flare monitoring market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flare monitoring market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the flare monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The flare monitoring market consists of revenues earned by entities by providing services such as system calibration services, maintenance and repair services, remote monitoring, data analysis, compliance reporting, emissions tracking, and safety audits. The market value includes the value of related goods sold by the service provider or included within the service offering. The flare monitoring market includes sales of flare cameras, thermal and infrared sensors, gas analyzers, control panels, and alarms. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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