Flame Arrestor Industry Analysis 2021: COVID-19 Impact 2021: Global Industry Analysis, Opportunity Assessment and Forecast to 2023
Market
Highlights
Flame Arrestors offer the benefits of improved durability, grip,
improved fuel efficiency, noise reduction, reduced carbon emission, or all in
combination.
The Global Flame
Arrestors Market is
expected to witness 5.50% CAGR during the forecast period and the market
size is expected to reach USD
10.1 Billion by 2025.
The global flame arrestors market is segmented based on type,
application, end-user, and region. The market is segmented based on type as
in-line and end-of-line. By application, the global market is segmented into
the storage tank, pipeline, incinerator, ventilation system, and others. By
end-user, the market is segmented as chemical, oil & gas, metals &
mining, pharmaceutical, waste-to-energy plant, and others. By region, the
global market for flame arrestors is segmented into Europe, North America,
Asia-Pacific, and the rest of the world.
The growing demand for flame arrestors in major end-use
industries, government regulations regarding workplace safety, growth of the
shale gas and tight oil activities, and growing demand for flame protection in
ventilation systems, pipelines, and large storage tanks are some of the growth
factors which further boosts the demand for flame arrestors in the market.
However, the market growth is hindered due to the monitoring of industrial
safety in emerging economies.
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Market Research Analysis
By region, the global market for flame arrestors is segmented into
North America, Europe, Asia-Pacific, and the rest of the world. Europe's flame
arrestors market is expected to witness the highest CAGR.
Furthermore, Asia-Pacific is expected to hold the largest market
share in the global flame arrestors market during the forecast period. This
growth is attributed to growing foreign direct investment in the manufacturing
sector, and high growth of the oil and gas, pharmaceutical, power generation,
chemical processing, and manufacturing industry. Furthermore, the strong
economic growth in emerging economies, such as China and India, also contribute
the market growth.
The North America flame arrestors market is projected to witness a
significant growth rate owing to the stringent government regulations regarding
the safety features in end-use industries and the presence of major flame
arrestors manufacturers in the US and Canada. In North America, the US is
estimated to hold the largest share in the flame arrestor market due to an increase in oil and gas activities and growing end-user
industries.
Europe flame arrestors market is expected to witness significant
growth due to the presence of a number of developed nations and their patterns
of adopting safety features in the workplace. In Europe, Germany is estimated
to hold the largest share in the market due to the presence of major
manufacturers and stringent government regulations towards safety features
in end-user industries.
The rest of the world includes the regions of the Middle East
& Africa and South America. The flame arrestors market in the Middle East
& Africa is expected to witness significant growth due to the expansion of
international players and increased expenditure. South America has a
significant growth rate due to a growing number of manufacturers and growing
research and development activities by the major players. Furthermore,
government regulations regarding industrial safety and major manufacturers are
expanding their presence in the region further boosts the demand for flame
arrestors in the region.
Scope of the Report
This study
provides an overview of the global flame arrestors market, tracking three
market segments across four geographic regions. The report studies key players
and provide an eight-year annual trend analysis, which highlights market size,
volume, and share for Europe, North America, Asia-Pacific, and the Rest of the
world. The report also provides a forecast, which focus on the market
opportunities during the forecast period for each region. The scope of the
study segments the global flame arrestors market by application, vehicle type,
sales channel, and region.
·
By Type
·
In-Line
·
End-Of-Line
·
By Application
·
Storage Tank
·
Pipeline
·
Incinerator
·
Ventilation System
·
Others
·
By End User
·
Chemical
·
Oil & Gas
·
Metals & Mining
·
Pharmaceutical
·
Waste-To-Energy Plant
·
Others
·
By Regions
·
North America
·
Asia-Pacific
·
Europe
·
Rest of the World
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Key Players
Some of the key players in the Global Flame Arrestors Market
are Morrison Bros. Co. (US), Tornado Combustion Technologies (US),
Motherwell Tank Protection (UK), Protectoseal (US), Ergil (Germany), Westech
Industrial (US), Elmac Technologies (UK), Emerson Electric Co. (US),
Braunschweiger Flammenfilter (Germany), L&J Technologies (US) are
among others.
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