Flare Gas Recovery Systems Market Value Projected to Expand by 2010-2020.
As per a recent report published by Mindaspire Market Research the global market for gas recovery systems (FGRS) is set to surpass a valuation of US$ 2,019 Mn by 2020. The market is expected to be drive by factor such as secure energy supply, favorable government regulations and growing concerns over environmental pollution. Moreover, growing emphasis on production of clean energy is expected to propel the market towards a better position over the next couple of years. On the flip side, the factors such as, requirement of high capital investment, lack of awareness among the end user industries, complex design and overlong installation time are likely to deter the growth of the market during the forecast period. Request A Sample@ https://mindaspiremarketresearch.com/request-sample/report/flare-gas-recovery-systems-market-global-industry-analysis On the basis of product type, the global for flare gas recovery systems has been segmented into very large, large, medium and small systems. By value, small and medium capacity systems accounted for the largest share of the market in 2014, while large capacity systems held to top position in the market in terms of value due to their relatively higher price. The very large capacity segment is expected to exhibit robust growth during the assessment period. In terms of volume, this segment is projected to command for close to 43% share of the global market, registering an impressive CAGR of 15.1% during the forecast period. Meanwhile, the small and medium capacity segments are anticipated to collectively exhibit a CAGR of 13% during the same period. Capacity expansion and higher investments in the oil and gas industry is likely to make a positive influence on the global sales of small capacity systems in the years to come. The key components of gas recovery systems include separators, heat exchangers, compressors, and gaskets. Among these, compressors are the most vital component. In addition, demand for liquid ring compressors is relatively higher as compared to other types of compressors owing to superior functionality and low maintenance. Get some Glimpse Of the report@ https://mindaspiremarketresearch.com/inquire/report/flare-gas-recovery-systems-market-global-industry-analysis
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