The global flame arrestors market revenue is expected to expand at a moderate CAGR over the forecast period. Flame arrestor is a device used to stop fuel combustion by extinguishing the flame and are used in many industries such as chemical, pulp and paper, oil exploration and production, mining, and power generation.
A major factor expected to drive growth of the global flame arrestors market over the forecast period is increasing adoption of flame arrestors due to stringent safety guidelines and regulations in industries. However, lack of efficient government monitoring for industrial safety and approval from regulatory authorities, are factors expected to restrain growth of the target market over the forecast period.
The global flame arrestors market report has been segmented on the basis of type, application, end user, and region. On the basis of type, the target market is segmented into in-line and end-of-line. The in-line segment is expected to contribute major revenue share in the target market during the forecast period.
On the basis of application, the target market is segmented into storage tank, pipeline, incinerator, ventilation system, and others. The others segment is further bifurcated into generator, vacuum pump, and compressor. The storage tank segment is anticipated to hold major growth in terms of revenue in the target market over the forecast period.
On the basis of end user, the target market is segmented into oil & gas, chemical, metals & mining, pharmaceutical, waste-to-energy plant, and others. The others segment includes food & beverage, marine, and primary non-metallic industries. The oil & gas segment is projected to register fastest growth rate in the target market in the next coming years.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific flame arrestors market is expected to hold major revenue share over the forecast period. This can be attributed to increasing investment in refinery expansion and construction of storage terminals in countries such as China and India in the region. The flame arrestors market in North America is projected to account significant revenue share in the target market over the forecast period, followed by Europe.
Key players operating in the global flame arrestors market include Braunschweiger Flammenfilter GmbH, Elmac Technologies, Emerson Electric Co., Morrison Bros. Co., Groth Corporation, Westech Industrial Ltd., Tornado Combustion Technologies Inc., THE PROTECTOSEAL COMPANY, Ergil, BS&B Safety Systems, L.L.C., L&J Technologies, and Motherwell Tank Protection.