Researchstore.biz presents a new research study titled “Global Flame Arrestors Market by Type (In-Line, End-of-Line), Application (Storage Tank, Pipeline, Incinerator, Ventilation System, Other), End-User (Oil & Gas, Chemical, Pharmaceutical, Waste-to-Energy Plant, Other), Region (North America, Europe, Asia Pacific, South America and Middle East and Africa)” and Global Forecast 2018-2025.
The global flame arrestors market is projected to display modest growth from USD 758.57 Million in 2017 to USD 1,224.64 Million by 2025 by a CAGR of 6.17% during 2018 to 2025. Key drivers contributing to the growth of the flame arrestors market include:
- Safety standards and guidelines for industries
- The shale gas and tight oil boom in North America and China regions
- Demand for a high level of safety, protection of plants as well as for employees
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The flame arrester is a device that reduced heat from the flame and simultaneously allows the gas and vapor to pass through it. These devices are commonly used in gas pipelines, vent arrestors, storage cabinets, exhaust systems, and gas storage tanks. Industries uses the flame arrester to stop the outspread of flame from the undefended side of machine’s unit. The flame arrester, which is fitted at walls or in machines, permits gas or vapor to pass through the piping framework. While doing this, the device absorbs and dissipates heat. End-use industries such as pharmaceutical, fuel delivery, oil & gas, pulp & paper industries, sewage treatment plants, and waste-to-energy plant use the flame arrester.
Safety guidelines and regulations for industries, demand for high level of safety, protection of plants as well as for employees are expected to drive the market:
Current key driving factors for the flame arrestors market are: The shale gas and tight oil boom in North America and China regions; Safety regulations and standards for industries.
Future driving factors that will lead to the growth of the flame arrestors market in a couple of years include: Demand for a high level of safety, protection of plants as well as for employees.
Developing economies that lack logical and cost-effective government monitoring for industrial safety could create a barrier in the market growth. However, the manufacturing sector is growing at a rapid pace and this change combined with the replacement of legacy equipment in Industries would boost the flame arrestors market over the projected period from 2018 to 2025.
The segmentation of the global flame arrestors market is covered with respect to type, application, end-user, and regions.
The in-line segment is expected to obtain a market share of 54.26% during the forecast period (2018-2025). There are two Type Segment: in-line and end-of-line. The in-line segment is expected to see the highest growth with CAGR over the forecast period. The industries are increasingly using flame arrestors for example in accidental ignition for avoiding the flame flow via the pipe. The rapid use marks the major driving factor for the demand of in-line segment.
Storage tank segment valued at around USD 246.61 Million in 2017
Key applications covered by the flame arrestors include Storage tank, ventilation system, pipeline and some other. Flame arrestors are used as a unit of storage tank safety system, therefore, the storage tank segment is projected to develop with the highest CAGR. Additionally, storage tank segment’s market share has increased due to growing investments in the petrochemical, pharmaceutical, and refinery industries.
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Regional Segmentation Analysis:
The market is segmented into five different regions including North America, Europe, Asia Pacific, South America, and the Middle East and Africa. The Asia Pacific accounted the largest market share of nearly 28.84% in 2017. This growth of Flame Arrestors market was driven by an increase in demand for rapid economic growth, as well as large investments in chemicals, oil & gas, manufacturing, and pharmaceutical industries.
Key Players Analysis:
The key players of flame arrestors market are BS&B FlameSaf Limited, Braunschweiger Flammenfilter GmbH, luidyne Instrument, Parker, Pentair Safety Systems, ACME Valves Industries, Kingsley, Enardo, Ergil, Groth Corporation, L&J Technologies, Westech Industrial, Tornado Combustion Technologies, Protectoseal, and Motherwell Tank Protection.
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