The Latin America, Middle East and Africa Flare Monitoring Market would witness market growth of 10.3% CAGR during the forecast period (2024-2031).
The Saudi Arabia market dominated the LAMEA Flare Monitoring Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $74.9 million by 2031. The Brazil market is showcasing a CAGR of 10.6% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 9.9% during (2024 - 2031).
These systems give industries valuable insights into their flaring processes, enabling them to optimize operations, reduce unnecessary flaring, and lower emissions. These systems employ various technologies, including infrared cameras, mass spectrometry, thermal imaging, and optical gas imaging, to detect and quantify the composition of gases released during flaring. The real-time data these systems provide allows industries to monitor flaring events as they occur, enabling them to take corrective actions promptly.
Another factor driving the growth of this market is the increasing focus on sustainability and corporate social responsibility (CSR) among businesses. As climate change concerns persist, numerous organizations are striving to mitigate their environmental impact and diminish their carbon footprint through the implementation of sustainability initiatives. Methane is a major contributor to GHG emissions, particularly through flaring. An investment in eruption monitoring systems can enable companies to align their functions and operations with global sustainability objectives and exhibit their dedication to environmental stewardship.
Nigeria, one of Africa’s largest oil producers, has been grappling with the environmental impact of gas flaring from its onshore oil production sites. In response, the Nigerian government has introduced several initiatives to reduce flaring and encourage the adoption of these technologies. One initiative to abolish routine gas flaring by 2030 is the Nigerian Gas Flare Commercialization Program (NGFCP), which was initiated by the Ministry of Petroleum Resources. According to the data from the World Bank’s Global Gas Flaring Reduction Partnership (GGFR), Nigeria flared about 5.318 billion cubic meters (or 188 Bcf) of natural gas in 2022, making Nigeria the ninth-highest natural gas-flaring country in terms of annual natural gas-flaring volume. Therefore, as environmental regulations tighten and sustainability becomes a higher priority across industries, the flare monitoring market in the LAMEA region is expected to grow.
Free Valuable Insights: The Worldwide Flare Monitoring Market is Projected to reach USD 2 Billion by 2031, at a CAGR of 8.5%
Based on Mounting Method, the market is segmented into In-process (Gas Chromatographs, Mass Spectrometers, Flowmeters, Calorimeters, and Other In-process Type) and Remote (Thermal (IR) Imagers, Multi-Spectrum Infrared (MSIR) Imagers, and Other Remote Type). Based on Industry, the market is segmented into Refineries, Petrochemicals, Onshore Oil & Gas Production Sites, Landfills, and Other Industries. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Ametek, Inc.
- Emerson Electric Co.
- Siemens AG
- ABB Group
- Honeywell International, Inc.
- Thermo Fisher Scientific
- Yokogawa Electric Corporation
- Fluenta AS
- Zeeco, Inc.
- John Zink Company, LLC
LAMEA Flare Monitoring Market Report Segmentation
By Mounting Method
- In-process
- Gas Chromatographs
- Mass Spectrometers
- Flowmeters
- Calorimeters
- Other In-process Type
- Remote
- Thermal (IR) Imagers
- Multi-Spectrum Infrared (MSIR) Imagers
- Other Remote Type
By Industry
- Refineries
- Petrochemicals
- Onshore Oil & Gas Production Sites
- Landfills
- Other Industries
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
TABLE 1 LAMEA Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Flare Monitoring Market
TABLE 4 Product Launches And Product Expansions– Flare Monitoring Market
TABLE 5 Acquisition and Mergers– Flare Monitoring Market
TABLE 6 LAMEA Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 7 LAMEA Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 8 LAMEA In-process Market by Country, 2020 - 2023, USD Million
TABLE 9 LAMEA In-process Market by Country, 2024 - 2031, USD Million
TABLE 10 LAMEA Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 11 LAMEA Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 12 LAMEA Gas Chromatographs Market by Country, 2020 - 2023, USD Million
TABLE 13 LAMEA Gas Chromatographs Market by Country, 2024 - 2031, USD Million
TABLE 14 LAMEA Mass Spectrometers Market by Country, 2020 - 2023, USD Million
TABLE 15 LAMEA Mass Spectrometers Market by Country, 2024 - 2031, USD Million
TABLE 16 LAMEA Flowmeters Market by Country, 2020 - 2023, USD Million
TABLE 17 LAMEA Flowmeters Market by Country, 2024 - 2031, USD Million
TABLE 18 LAMEA Calorimeters Market by Country, 2020 - 2023, USD Million
TABLE 19 LAMEA Calorimeters Market by Country, 2024 - 2031, USD Million
TABLE 20 LAMEA Other In-process Type Market by Country, 2020 - 2023, USD Million
TABLE 21 LAMEA Other In-process Type Market by Country, 2024 - 2031, USD Million
TABLE 22 LAMEA Remote Market by Country, 2020 - 2023, USD Million
TABLE 23 LAMEA Remote Market by Country, 2024 - 2031, USD Million
TABLE 24 LAMEA Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 25 LAMEA Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 26 LAMEA Thermal (IR) Imagers Market by Country, 2020 - 2023, USD Million
TABLE 27 LAMEA Thermal (IR) Imagers Market by Country, 2024 - 2031, USD Million
TABLE 28 LAMEA Multi-Spectrum Infrared (MSIR) Imagers Market by Country, 2020 - 2023, USD Million
TABLE 29 LAMEA Multi-Spectrum Infrared (MSIR) Imagers Market by Country, 2024 - 2031, USD Million
TABLE 30 LAMEA Other Remote Type Market by Country, 2020 - 2023, USD Million
TABLE 31 LAMEA Other Remote Type Market by Country, 2024 - 2031, USD Million
TABLE 32 LAMEA Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 33 LAMEA Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 34 LAMEA Refineries Market by Country, 2020 - 2023, USD Million
TABLE 35 LAMEA Refineries Market by Country, 2024 - 2031, USD Million
TABLE 36 LAMEA Petrochemicals Market by Country, 2020 - 2023, USD Million
TABLE 37 LAMEA Petrochemicals Market by Country, 2024 - 2031, USD Million
TABLE 38 LAMEA Onshore Oil & Gas Production Sites Market by Country, 2020 - 2023, USD Million
TABLE 39 LAMEA Onshore Oil & Gas Production Sites Market by Country, 2024 - 2031, USD Million
TABLE 40 LAMEA Landfills Market by Country, 2020 - 2023, USD Million
TABLE 41 LAMEA Landfills Market by Country, 2024 - 2031, USD Million
TABLE 42 LAMEA Other Industries Market by Country, 2020 - 2023, USD Million
TABLE 43 LAMEA Other Industries Market by Country, 2024 - 2031, USD Million
TABLE 44 LAMEA Flare Monitoring Market by Country, 2020 - 2023, USD Million
TABLE 45 LAMEA Flare Monitoring Market by Country, 2024 - 2031, USD Million
TABLE 46 Saudi Arabia Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 47 Saudi Arabia Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 48 Saudi Arabia Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 49 Saudi Arabia Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 50 Saudi Arabia Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 51 Saudi Arabia Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 52 Saudi Arabia Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 53 Saudi Arabia Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 54 Saudi Arabia Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 55 Saudi Arabia Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 56 Brazil Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 57 Brazil Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 58 Brazil Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 59 Brazil Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 60 Brazil Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 61 Brazil Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 62 Brazil Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 63 Brazil Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 64 Brazil Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 65 Brazil Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 66 UAE Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 67 UAE Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 68 UAE Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 69 UAE Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 70 UAE Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 71 UAE Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 72 UAE Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 73 UAE Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 74 UAE Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 75 UAE Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 76 Argentina Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 77 Argentina Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 78 Argentina Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 79 Argentina Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 80 Argentina Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 81 Argentina Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 82 Argentina Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 83 Argentina Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 84 Argentina Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 85 Argentina Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 86 South Africa Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 87 South Africa Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 88 South Africa Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 89 South Africa Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 90 South Africa Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 91 South Africa Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 92 South Africa Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 93 South Africa Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 94 South Africa Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 95 South Africa Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 96 Nigeria Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 97 Nigeria Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 98 Nigeria Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 99 Nigeria Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 100 Nigeria Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 101 Nigeria Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 102 Nigeria Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 103 Nigeria Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 104 Nigeria Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 105 Nigeria Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 106 Rest of LAMEA Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 107 Rest of LAMEA Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 108 Rest of LAMEA Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 109 Rest of LAMEA Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 110 Rest of LAMEA Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 111 Rest of LAMEA Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 112 Rest of LAMEA Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 113 Rest of LAMEA Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 114 Rest of LAMEA Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 115 Rest of LAMEA Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 116 Key Information – Ametek, Inc.
TABLE 117 Key Information – Emerson Electric Co.
TABLE 118 Key Information – Siemens AG
TABLE 119 Key Information – ABB Group
TABLE 120 Key Information – Honeywell International, Inc.
TABLE 121 Key Information – Thermo Fisher Scientific, Inc.
TABLE 122 Key Information – Yokogawa Electric Corporation
TABLE 123 Key Information – Fluenta Solutions Limited
TABLE 124 Key Information – Zeeco, Inc.
TABLE 125 Key Information – John Zink Company LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Flare Monitoring Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Flare Monitoring Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions: 2020, Dec – 2024, Jul) Leading Players
FIG 8 Porter’s Five Forces Analysis – Flare Monitoring Market
FIG 9 LAMEA Flare Monitoring Market share by Mounting Method, 2023
FIG 10 LAMEA Flare Monitoring Market share by Mounting Method, 2031
FIG 11 LAMEA Flare Monitoring Market by Mounting Method, 2020 - 2031, USD Million
FIG 12 LAMEA Flare Monitoring Market share by Industry, 2023
FIG 13 LAMEA Flare Monitoring Market share by Industry, 2031
FIG 14 LAMEA Flare Monitoring Market by Industry, 2020 - 2031, USD Million
FIG 15 LAMEA Flare Monitoring Market share by Country, 2023
FIG 16 LAMEA Flare Monitoring Market share by Country, 2031
FIG 17 LAMEA Flare Monitoring Market by Country, 2020 - 2031, USD Million
FIG 18 SWOT Analysis: Ametek, Inc.
FIG 19 Recent strategies and developments: EMERSON ELECTRIC CO.
FIG 20 Swot Analysis: EMERSON ELECTRIC CO.
FIG 21 SWOT Analysis: Siemens AG
FIG 22 SWOT Analysis: ABB GROUP
FIG 23 Swot analysis: Honeywell international, inc.
FIG 24 SWOT Analysis: Thermo Fisher Scientific, Inc.
FIG 25 Swot Analysis: Yokogawa Electric CorporatioN