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North America Flare Monitoring Market Size, Share & Trends Analysis Report By Mounting Method, By Industry (Refineries, Petrochemicals, Onshore Oil & Gas Production Sites, Landfills, and Other Industries), By Country and Growth Forecast, 2024 - 2031

Published Date : 13-Sep-2024

Pages: 120

Formats: PDF

The North America Flare Monitoring Market would witness market growth of 7.7% CAGR during the forecast period (2024-2031).

The US market dominated the North America Flare Monitoring Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $455.8 million by 2031. The Canada market is experiencing a CAGR of 9.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 9.1% during (2024 - 2031).

North America Flare Monitoring Market

This refers to continuously tracking, analyzing, and reporting emissions produced during the flaring of excess gases in industrial operations. Flaring is a prevalent practice in industries such as oil and gas, petrochemicals, refineries, and chemical facilities. It involves the controlled combustion of gases that are not recoverable or usable in the production process. The primary objective of this is to minimize the environmental and health consequences of emitting pollutants while ensuring that flaring is conducted safely and efficiently.

Flares burn off gases released during production, processing, or storage, which could otherwise accumulate and pose safety hazards. However, flaring generates emissions that include greenhouse gases such as carbon dioxide (CO2) and methane (CH4), as well as other harmful pollutants like volatile organic compounds (VOCs), sulfur dioxide (SO2), and nitrogen oxides (NOx). Emissions like these contribute to air pollution, global warming, and hazards to public health, which is why it is necessary to monitor flare operations.

Mexico's oil and gas sector, particularly its refineries, drives the increasing demand for these systems. Pemex, the state-owned oil company, operates six major refineries, all of which have been under pressure to reduce emissions as part of the country's commitments under the Paris Agreement. The Mexican government has introduced environmental regulations, such as the NOM-085-SEMARNAT standard, which limits air pollution from refineries and industrial sources. The Secretariat of Environment and Natural Resources (SEMARNAT) oversees these initiatives and promotes using advanced monitoring systems to ensure compliance. In addition, Mexico’s Energy Transition Law encourages the use of clean technologies in energy production, providing a regulatory backdrop that indirectly fuels the demand for flare monitoring in the refining sector. Thus, the region will present lucrative growth prospects for the market throughout the forecast period.

Free Valuable Insights: The Flare Monitoring Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.

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

North America 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

  • US
  • Canada
  • Mexico
  • Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Flare Monitoring Market, by Mounting Method
1.4.2 North America Flare Monitoring Market, by Industry
1.4.3 North America Flare Monitoring Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Dec – 2024, Jul) Leading Players
4.5 Porter Five Forces Analysis

Chapter 5. North America Flare Monitoring Market by Mounting Method
5.1 North America In-process Market by Region
5.2 North America Flare Monitoring Market by In-process Type
5.2.1 North America Gas Chromatographs Market by Country
5.2.2 North America Mass Spectrometers Market by Country
5.2.3 North America Flowmeters Market by Country
5.2.4 North America Calorimeters Market by Country
5.2.5 North America Other In-process Type Market by Country
5.3 North America Remote Market by Region
5.4 North America Flare Monitoring Market by Remote Type
5.4.1 North America Thermal (IR) Imagers Market by Country
5.4.2 North America Multi-Spectrum Infrared (MSIR) Imagers Market by Country
5.4.3 North America Other Remote Type Market by Country

Chapter 6. North America Flare Monitoring Market by Industry
6.1 North America Refineries Market by Country
6.2 North America Petrochemicals Market by Country
6.3 North America Onshore Oil & Gas Production Sites Market by Country
6.4 North America Landfills Market by Country
6.5 North America Other Industries Market by Country

Chapter 7. North America Flare Monitoring Market by Country
7.1 US Flare Monitoring Market
7.1.1 US Flare Monitoring Market by Mounting Method
7.1.1.1 US Flare Monitoring Market by In-process Type
7.1.1.2 US Flare Monitoring Market by Remote Type
7.1.2 US Flare Monitoring Market by Industry
7.2 Canada Flare Monitoring Market
7.2.1 Canada Flare Monitoring Market by Mounting Method
7.2.1.1 Canada Flare Monitoring Market by In-process Type
7.2.1.2 Canada Flare Monitoring Market by Remote Type
7.2.2 Canada Flare Monitoring Market by Industry
7.3 Mexico Flare Monitoring Market
7.3.1 Mexico Flare Monitoring Market by Mounting Method
7.3.1.1 Mexico Flare Monitoring Market by In-process Type
7.3.1.2 Mexico Flare Monitoring Market by Remote Type
7.3.2 Mexico Flare Monitoring Market by Industry
7.4 Rest of North America Flare Monitoring Market
7.4.1 Rest of North America Flare Monitoring Market by Mounting Method
7.4.1.1 Rest of North America Flare Monitoring Market by In-process Type
7.4.1.2 Rest of North America Flare Monitoring Market by Remote Type
7.4.2 Rest of North America Flare Monitoring Market by Industry

Chapter 8. Company Profiles
8.1 Ametek, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Emerson Electric Co.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Siemens AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 ABB Group
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Honeywell International, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.6 SWOT Analysis
8.6 Thermo Fisher Scientific, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 SWOT Analysis
8.7 Yokogawa Electric Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Fluenta Solutions Limited
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnership Collaboration & Agreement:
8.9 Zeeco, Inc.
8.9.1 Company Overview
8.10. John Zink Company LLC (Koch Industries Inc.)
8.10.1 Company Overview
TABLE 1 North America Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 2 North America 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 North America Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 7 North America Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 8 North America In-process Market by Region, 2020 - 2023, USD Million
TABLE 9 North America In-process Market by Region, 2024 - 2031, USD Million
TABLE 10 North America Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 11 North America Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 12 North America Gas Chromatographs Market by Country, 2020 - 2023, USD Million
TABLE 13 North America Gas Chromatographs Market by Country, 2024 - 2031, USD Million
TABLE 14 North America Mass Spectrometers Market by Country, 2020 - 2023, USD Million
TABLE 15 North America Mass Spectrometers Market by Country, 2024 - 2031, USD Million
TABLE 16 North America Flowmeters Market by Country, 2020 - 2023, USD Million
TABLE 17 North America Flowmeters Market by Country, 2024 - 2031, USD Million
TABLE 18 North America Calorimeters Market by Country, 2020 - 2023, USD Million
TABLE 19 North America Calorimeters Market by Country, 2024 - 2031, USD Million
TABLE 20 North America Other In-process Type Market by Country, 2020 - 2023, USD Million
TABLE 21 North America Other In-process Type Market by Country, 2024 - 2031, USD Million
TABLE 22 North America Remote Market by Region, 2020 - 2023, USD Million
TABLE 23 North America Remote Market by Region, 2024 - 2031, USD Million
TABLE 24 North America Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 25 North America Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 26 North America Thermal (IR) Imagers Market by Country, 2020 - 2023, USD Million
TABLE 27 North America Thermal (IR) Imagers Market by Country, 2024 - 2031, USD Million
TABLE 28 North America Multi-Spectrum Infrared (MSIR) Imagers Market by Country, 2020 - 2023, USD Million
TABLE 29 North America Multi-Spectrum Infrared (MSIR) Imagers Market by Country, 2024 - 2031, USD Million
TABLE 30 North America Other Remote Type Market by Country, 2020 - 2023, USD Million
TABLE 31 North America Other Remote Type Market by Country, 2024 - 2031, USD Million
TABLE 32 North America Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 33 North America Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 34 North America Refineries Market by Country, 2020 - 2023, USD Million
TABLE 35 North America Refineries Market by Country, 2024 - 2031, USD Million
TABLE 36 North America Petrochemicals Market by Country, 2020 - 2023, USD Million
TABLE 37 North America Petrochemicals Market by Country, 2024 - 2031, USD Million
TABLE 38 North America Onshore Oil & Gas Production Sites Market by Country, 2020 - 2023, USD Million
TABLE 39 North America Onshore Oil & Gas Production Sites Market by Country, 2024 - 2031, USD Million
TABLE 40 North America Landfills Market by Country, 2020 - 2023, USD Million
TABLE 41 North America Landfills Market by Country, 2024 - 2031, USD Million
TABLE 42 North America Other Industries Market by Country, 2020 - 2023, USD Million
TABLE 43 North America Other Industries Market by Country, 2024 - 2031, USD Million
TABLE 44 North America Flare Monitoring Market by Country, 2020 - 2023, USD Million
TABLE 45 North America Flare Monitoring Market by Country, 2024 - 2031, USD Million
TABLE 46 US Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 47 US Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 48 US Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 49 US Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 50 US Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 51 US Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 52 US Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 53 US Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 54 US Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 55 US Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 56 Canada Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 57 Canada Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 58 Canada Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 59 Canada Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 60 Canada Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 61 Canada Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 62 Canada Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 63 Canada Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 64 Canada Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 65 Canada Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 66 Mexico Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 67 Mexico Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 68 Mexico Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 69 Mexico Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 70 Mexico Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 71 Mexico Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 72 Mexico Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 73 Mexico Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 74 Mexico Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 75 Mexico Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 76 Rest of North America Flare Monitoring Market, 2020 - 2023, USD Million
TABLE 77 Rest of North America Flare Monitoring Market, 2024 - 2031, USD Million
TABLE 78 Rest of North America Flare Monitoring Market by Mounting Method, 2020 - 2023, USD Million
TABLE 79 Rest of North America Flare Monitoring Market by Mounting Method, 2024 - 2031, USD Million
TABLE 80 Rest of North America Flare Monitoring Market by In-process Type, 2020 - 2023, USD Million
TABLE 81 Rest of North America Flare Monitoring Market by In-process Type, 2024 - 2031, USD Million
TABLE 82 Rest of North America Flare Monitoring Market by Remote Type, 2020 - 2023, USD Million
TABLE 83 Rest of North America Flare Monitoring Market by Remote Type, 2024 - 2031, USD Million
TABLE 84 Rest of North America Flare Monitoring Market by Industry, 2020 - 2023, USD Million
TABLE 85 Rest of North America Flare Monitoring Market by Industry, 2024 - 2031, USD Million
TABLE 86 Key Information – Ametek, Inc.
TABLE 87 Key Information – Emerson Electric Co.
TABLE 88 Key Information – Siemens AG
TABLE 89 Key Information – ABB Group
TABLE 90 Key Information – Honeywell International, Inc.
TABLE 91 Key Information – Thermo Fisher Scientific, Inc.
TABLE 92 Key Information – Yokogawa Electric Corporation
TABLE 93 Key Information – Fluenta Solutions Limited
TABLE 94 Key Information – Zeeco, Inc.
TABLE 95 Key Information – John Zink Company LLC

List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Flare Monitoring Market share by Mounting Method, 2023
FIG 10 North America Flare Monitoring Market share by Mounting Method, 2031
FIG 11 North America Flare Monitoring Market by Mounting Method, 2020 - 2031, USD Million
FIG 12 North America Flare Monitoring Market share by Industry, 2023
FIG 13 North America Flare Monitoring Market share by Industry, 2031
FIG 14 North America Flare Monitoring Market by Industry, 2020 - 2031, USD Million
FIG 15 North America Flare Monitoring Market share by Country, 2023
FIG 16 North America Flare Monitoring Market share by Country, 2031
FIG 17 North America 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

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