Global Flare Monitoring Market Size & Outlook, 2023-2030
The global flare monitoring market size was estimated at USD 1,178.2 million in 2023 and is projected to reach USD 2,084.3 million by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
Revenue, 2023 (US$M)
$1,178.2
Forecast, 2030 (US$M)
$2,084.3
CAGR, 2024 - 2030
8.5%
Report Coverage
Worldwide
Global flare monitoring market, 2018-2030 (US$M)
Global flare monitoring market highlights
- The global flare monitoring market generated a revenue of USD 1,178.2 million in 2023 and is expected to reach USD 2,084.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.5% by 2030.
- In terms of segment, in-process accounted for a revenue of USD 1,178.2 million in 2023.
- In-process is the most lucrative mounting method segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 1,178.2 million |
| Market revenue in 2030 | USD 2,084.3 million |
| Growth rate | 8.5% (CAGR from 2024 to 2030) |
| Largest segment | In-process |
| Fastest growing segment | In-process |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In-process |
Other key industry trends
- In terms of revenue, the North America accounted for 32.4% of the global flare monitoring market in 2023.
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Flare Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| John Zink Hamworthy Combustion | View profile | 1001-5000 | Tulsa, Oklahoma, United States, North America | http://www.johnzinkhamworthy.com |
| Advanced Energy Industries Inc | View profile | 10000 | 1595 Wynkoop Street, Suite 800, Denver, CO, United States, 80202 | https://www.advancedenergy.com |
| Teledyne Technologies Inc | View profile | 14900 | 1049 Camino Dos Rios, Thousand Oaks, CA, United States, 91360-2362 | https://www.teledyne.com |
| AMETEK Inc | View profile | 21500 | 1100 Cassatt Road, Berwyn, PA, United States, 19312-1177 | https://www.ametek.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
Global flare monitoring market size, by regions, 2018-2030 (US$M)
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