Flame Arrestor Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Flame ArrestorMarket Research Report, by Type, Application, End-User and Region - Forecast till 2030” the market size is projected to be worth USD 12.63 Billion by 2030, registering a CAGR of 5.59% during the forecast period (2022 - 2030).
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Prominent Players
Eminent players profiled in the global flame arrestor industry report include-
- 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).
The flame arrestor market is fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches and more.
COVID-19 Analysis
The COVID-19 outbreak has impacted every business sector which also includes the flame arrestor market. The outbreak of the crisis has brought most of the business activities to a halt. This has led to a significant fall in the demand for energy in the market that caused severe impacts of the oil and gas industries across the world. Consequently, the demand for flame arrestors in the oil and gas industry also fell at a rapid pace. The reopening of various industries in the first quarter of 2020 after the halt caused by the global pandemic, boosted the need for flame arresters to a great extent.
Drivers
Rising Government Initiatives for Shale Gas Exploration to Boost Market Growth
The growing investments and initiatives by the government for shale gas exploration and production of oil and gas in developed countries will boost market growth over the forecast period.
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Opportunities
Growing Need for Flame Protection to offer Robust Opportunities
Restraints
Deficiency of Government Monitoring to act as Market Restraint
Challenges
Approval from Regulatory and Certification Authorities to act as Market Challenge
Market Segmentation
By type, the in-line segment will lead the market over the forecast period for the rising need for detonation arrestors for ventilation systems and pipelines of storage terminals in the oil and gas industry.
By application, the storage tank segment will dominate the market over the forecast period.
By end user, the oil & gas segment will spearhead the market over the forecast period.
Regional Analysis
APAC to Head Flame Arrestor Market
North America to Have Favorable Growth in Flame Arrestor Market
Segmentation of Market covered in the research:
Flame Arrestor Market Research Report: Information by Type (In-Line and End-Of-Line), Application (Storage Tank, Pipeline, Incinerator, Ventilation System and others), End-User (Chemical, Oil & Gas, Metals & Mining, Pharmaceutical, Waste-To-Energy Plant and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2028
Browse In-depth Market Research Report (185 pages) on Flame Arrestor
https://www.marketresearchfuture.com/reports/flame-arrestor-market-8530
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