Global Flame Arrestors Market is valued USD 639.3 million in 2016 is anticipated to grow USD 1063.7 million with the compounded annual growth of 5.82% over the forecast period 2018-2025.
New York 31 August 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Flame Arrestors market industry is poised to raise USD 1063.7 million by 2025. Increasing flame arrester’s installation regulation in various industries to ensure the safety of plants and employees, and growing industries, such as oil & gas, chemical process plants, and power plants are the major factors that contribute in the growth of the Global Flame Arrestors Market. Besides this, flame arrestors equipment requires high maintenance cost, and under certain conditions, the equipment may be difficult or unable to operate and these factors hamper the growth of the Global Flame Arrestors Market. Flame arrestor devices are used for handling combustible gases while preventing gas from burning into a device. The flame arrestors are being used in industries such as in Waste-to-energy plants, where solid waste or garbage is burnt to produce steam in a boiler and that steam is used to generate electricity. However, Flame Arrestors are also being used in many industries, including pharmaceutical, refining, petrochemical, chemical, hydrocarbons exploration and production, sewage treatment plants, pulp & paper and mining industries. In some cases, processes such as include reacting, separation, drilling, digesting and mixing; generate combustible or reactive gases. These processes also require numerous flame arrestors equipment and therefore demand for flame arrestors are rising in the industries.
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Global Flame Arrestors Market Size study, by Type (In-Line, End-of-Line), by Application (Storage Tank, Pipeline, Incinerator, Ventilation System), by End Use (Oil & Gas, Chemical, Metals & Mining, Pharmaceutical, Waste-to-Energy Plant) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Braunschweiger Flammenfilter, Elmac Technologies, Emerson, Morrison Bros. Co., Groth Corporation, Westech Industrial, Tornado Combustion Technologies, Protectoseal, Ergil, Bs&B Safety Systems, L&J Technologies, Motherwell Tank Protection, PORTEGO Inc., Orbit Industries, LLC., Martin Kurz & Co., Precise Equipment Company and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- On Premise
By Organization Size:
- Large Scale
- IT & Telecommunication
- North America
- Asia Pacific
- Latin America
- Rest of the World