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The flare gas recovery system market size is forecast to increase by USD 1.56 billion at a CAGR of 14.76% between 2023 and 2028. The market experiences significant growth due to the environmental and economic advantages it offers to petroleum refineries and Natural Gas Liquids (NGL) plants. The increasing production of natural gas from subsea oil and gas formations necessitates the adoption of advanced extraction processes, leading to the recovery of flare gas. This, in turn, reduces operational expenses for refineries and NGL plants. However, the market faces challenges due to the lack of technology in underdeveloped and emerging economies. The report provides a comprehensive analysis of these trends and challenges, enabling stakeholders to make informed decisions and capitalize on opportunities in the market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Capacity
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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