Flame Arrestor Market Trends Challenges, Growth Drivers
Market Synopsis
As per the Market Research Future Reports (MRFR), the global flame arrestors market size is likely to expand at a 5.50% CAGR during the review period and the market size is estimated to value USD 10.1 billion by 2025.
The increasing demand for flame arrestors in the major end-use sector, government rules concerning workplace safety, expansion of the shale gas and tight oil initiatives, and increasing demand for flame protection in systems, ventilation, large storage, pipelines, and tanks are some of the expanding elements which propel the global flame arrestors market 2020. However, market expansion is obstructed because of the monitoring of industrial safety in developing nations.
Global Flame Arrestors Market Segmentation
The global flame arrestors market is can be segregated into type, end-user, application, and region.
On the basis of type, the global flame arrestors market can be segregated as end-of-line and in-line.
On the basis of application, the global flame arrestors market can be segregated into the pipeline, storage tank, incinerator, ventilation system, and others.
On the basis of end-user, the global flame arrestors market is segregated into oil & gas, chemical, metals & mining, waste-to-energy plant, pharmaceutical, and others.
On the basis of region, the global flame arrestors market can be segregated into Europe, Asia-Pacific, North America, and the rest of the world.
Global Flame Arrestors Regional Analysis
On the basis of region, the global flame arrestors market is classified into Europe, North America, Asia-Pacific, and the rest of the world. Europe's flame arrestors market is estimated to experience the maximum CAGR.
The Asia-Pacific region is estimated to acquire the maximum market share in the worldwide flame arrestors market during the review period. This expansion is accredited to increasing foreign direct investment in the manufacturing vertical, and the growth of pharmaceutical, oil and gas, chemical processing, manufacturing industry, and power generation. Moreover, the robust fiscal expansion in developing nations like India and China also participates in the expansion of the market.
The North American flame arrestors market is estimated to experience a significant expansion rate due to the strict government regulations concerning the safety characteristics in end-use sectors and the existence of crucial flame arrestors’ producers in Canada and the US. In the North American region, the US is speculated to seize the maximum share in the flame arrestors market because of the growth in oil and gas activities and increasing end-user sectors.
Europe flame arrestors industry is estimated to experience considerable expansion because of the existence of a number of developed nations and their willingness to adopt safety measures at the workplace. In the European region, Germany is likely to seize the maximum share in the market because of the existence of important producers and rigid government regulations concerning safety features in the end-user sector.
The Rest of the World comprises of South America and the Middle East & Africa. The flame arrestors market trends in the Middle East & Africa is likely to show considerable expansion because of the growth of international competitors and higher expenditure. The South American region has a considerable expansion rate because of a rising number of producers and rising research and development initiatives by the important players. Additionally, government rules concerning industrial safety and important producers are increasing their presence in the region grows the demand for flame arrestors in the region.
Global Flame Arrestors Key Players
The global flame arrestors market has several players standing at the forefront. The major competitors are Elmac Technologies (UK), Emerson Electric Co. (US), Braunschweiger Flammenfilter (Germany), L&J Technologies (US), Morrison Bros. Co. (US), Tornado Combustion Technologies (US), Motherwell Tank Protection (UK), Protectoseal (US), Ergil (Germany), Westech Industrial (US) and few others.
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