Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 810 Million | USD 1,311.20 Million | CAGR at 5.62% | 2023 |
According to the report published by Zion Market Research, the global Flame Arrestors Market size was valued at USD 810 Million in 2023 and is predicted to reach USD 1,311.20 Million by the end of 2032. The market is expected to grow with a CAGR of 5.62% during the forecast period. The report analyzes the global Flame Arrestors Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Flame Arrestors Market industry.
Flame Arrestors which are devices which permit gas to pass through it, but stops a flame in order to prevent a larger fire or explosion. The device also referred as deflagration arrester operates by absorbing the heat from a flame front traveling at sub-sonic velocities, thus dropping the burning gas/air mixture below its auto-ignition temperature; thereby the flame will get extinguished. The heat is then absorbed through channels devised into an element. These channels are selected and measured as the Maximum Experimental Safe Gap of the gas for a particular installation. These passages can be regular, like crimped metal ribbon or wire mesh or a sheet metal plate with punched holes, or irregular, such as those in random packing.
A spectrum of the product application witnessed across myriad sectors such as oil & gas, chemical, mining, marine, pulp and paper, non-metallic, food & beverage, power generation, and pharmaceutical sectors will embellish the Flame Arrestors market revenue in the ensuing years. Massive use of the product in fuel storage tank vents, davy lamps used in coal mining, fuel gas pipelines, safety storage cabinets for paint & aerosol cans, and exhaust system of internal combustible engines will further accelerate the Flame Arrestors market growth.
Furthermore, the massive boom of shale gas & tight oil in countries such as the U.S. and Canada and increase in the production & drilling of shale gas & tight oil will magnify the growth of Flame Arrestors market in the years to come. Flame arrestors play a vital role in protecting the whole plant and prevent any sorts of deflagrations, unstable detonations, and stable detonations within the plant. Power plants are equipped with vapor recovery systems where flame arrestors are required. Flame arrestors are fitted in the vapor recovery venting lines to avert any core ignition source, which can be from a pump, scrubber, or a fan spreading back into the tanks’ vapor area. These aforementioned applications are anticipated to drive the expansion of flame arrestors market in the next few years.
The global flame arrestors market can be classified based on type, application, and end-user.
Based on the type, the market is sectored into In-Line and End-of-Line types.
On the basis of application, the market is segmented into Storage Tank, Pipeline, Incinerator, and Ventilation System.
Based on the end-user, the market is divided into Oil & Gas, Chemical, Pharmaceutical, and Waste-to-Energy Plant sectors.
Report Attributes | Report Details |
---|---|
Report Name | Flame Arrestors Market Research Report |
Market Size in 2023 | USD 810 Million |
Market Forecast in 2032 | USD 1,311.20 Million |
Growth Rate | CAGR of 5.62% |
Number of Pages | 201 |
Key Companies Covered | Emerson (US), Braunschweiger Flammenfilter (Germany), Elmac Technologies (UK), Protectoseal (US), and Tornado Combustion Technologies (US). |
Segments Covered | By type, By application, By end-user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Based on regions, the global flame arrestors market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is likely to evolve as a dominating region in the near future and will contribute notably towards the global market share in coming years. Positive outlook towards the industrial sector such as pharmaceutical, chemical processing, power generation, and oil and gas in emerging economies such as India, Singapore, Malaysia, Thailand, and others is expected to propel business growth. Furthermore, need for energy resources and rising oil exploration activities in the region is projected to fuel demand for flame arrestors in operating plants and equipment in near future, owing to the ability of the product to offer protection to these units as well as devices installed in it.
Moreover, humungous investments in refinery expansions and the petrochemical industry are driving the market size in the region. In countries such as China and India, the growth of the industries like pharmaceutical and chemical is further driving the regional growth. China, India, and Indonesia are slated to be the regional revenue pockets in the years ahead.
North America and Europe are predicted to be markets with huge growth prospects.
Some of the leading players in the flame arrestors market include:
By type
By application
By end-user
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