Flare Gas Recovery System Market 2014 Outlook, Current and Future Industry Landscape Analysis 2020
Global flare gas recovery systems (FGRS) market for oil and gas industry is estimated to grow from US$ 930.4 Mn in 2014 to US$ 2,019.5 Mn by 2020 at a CAGR of 13.8% during the forecast period. During the production and refining process of natural gas, for safety reasons and maintenance activities considerable volumes of natural gas are flared into atmosphere. Flare gas is also identified by different terminologies such as associated gas or unmarketable natural gas across regions. Flaring of natural gas gives rise to significant volumes of carbon emissions. In addition, it adds to energy and related financial loss for the producers. For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-84 Flare gas recovery system helps to recover this waste gas and makes it available for power generation either for captive use or co-generation. It also helps to re-inject this waste gas back into the production well so