Flare Gas Recovery System Market Is Expected to Reach US$ 2,019.5 Mn by 2020
Global flare gas recovery systems (FGRS) market for oil and gas industry is estimated to grow from US$ 930.4 Mn in 2014 to US$ 2,019.5 Mn by 2020 at a CAGR of 13.8% during the forecast period. During the production and refining process of natural gas, for safety reasons and maintenance activities considerable volumes of natural gas are flared into atmosphere.
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