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Follow on Google News | Flare Monitoring Market worth 1,251.7 Million USD by 2023Factors driving the growth of this market include the cost-effectiveness, flexibility, and ease of installation of e-house. E-house can be installed in a limited space with a simple foundation and easily relocated without difficulties.
By: Marketsandmarkets The market for the remote mounting flare monitoring systems is expected to grow at a higher CAGR during forecast period The market for the remote mounting method is expected to witness the highest CAGR between 2018 and 2013. Remote monitoring devices, due to the absence of any contact with harsh and corrosive flare vent gases, are comparatively easy to install and maintain, easy to integrate with other systems, can offer quick analysis of data, and are economical flare stack monitoring solutions (due to reduced operational and maintenance costs) than conventional in-process monitoring methods. Ease of process monitoring, lesser price compared to in-process technologies, and compliance with most of the environmental norms are some other key driving factors for the remote flare monitoring market growth. Download PDF Brochure @ https://www.marketsandmarkets.com/ Refineries held the largest share of the flare monitoring market in 2017 The oil and gas industry (comprising onshore oil and gas production sites, refineries, and petrochemicals) North America held the largest share of the flare monitoring market in 2017 North America accounted for the largest share of the market in 2017, followed by Europe and Asia Pacific, respectively, of the flare monitoring market. The market across North America is highly matured and is undergoing a pragmatic shift toward the installation of flare monitoring devices, especially for in-process flare monitoring devices, majorly across refineries. However, the RoW and Asia Pacific regions are expected to grow at the highest and second-highest rates, respectively, during the forecast period. Growing investments for the expansion of upstream and midstream oil and gas industries in countries across these regions, and shifting focus of these countries toward the global phenomenon of harmful waste-gas emission reductions are the primary factors supporting the growth across these regions. Request Sample @ https://www.marketsandmarkets.com/ Major players in the global flare monitoring market include Siemens (Germany), ABB (Switzerland) About MarketsandMarkets™ MarketsandMarkets™ Our 850 fulltime analyst and SMEs at MarketsandMarkets™ MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Rohan MarketsandMarkets™ 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com End
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