Flare Gas Recovery Systems Market Is Estimated To Witness Robust Growth Owing To Increasing Need For Cost-Effective And Environmentally Sustainable Flare Gas Management Solutions
Flare Gas Recovery Systems Market Flare gas recovery systems are used to recover wasted gases from industrial flaring processes in oil and gas facilities. These systems consist of compressors, knockouts, and separators that collect flare gases like hydrogen, methane, and volatile organic compounds (VOCs). Recovering flare gases provides significant economic and environmental benefits. It enables the reuse of valuable hydrocarbon gases for on-site power generation or reinjection, reducing operational costs. It also lowers greenhouse gas emissions and improves regulatory compliance with emission norms. The global Flare Gas Recovery Systems Market is estimated to be valued at Us$ 4.53 Bn in 2024 and is expected to exhibit a CAGR Of 11% over the forecast period 2024-2031 , as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Growing environmental concerns regarding greenhouse gas emissions from cons...