Market Overview

The flame arrestors market is projected to grow at a CAGR of 5.31%, from 2018 to 2023

Share:

The flame arrestors market is projected to grow at a CAGR of 5.31%, from 2018 to 2023

PR Newswire

NEW YORK, August 15, 2018 /PRNewswire/ -- The flame arrestors market is projected to grow at a CAGR of 5.31%, from 2018 to 2023.

Read the full report: https://www.reportlinker.com/p05484764

The flame arrestors market is projected to grow from an estimated USD 713.8 million in 2018 to USD 924.7 million by 2023, at a CAGR of 5.31%. The stringent safety norms and regulations in industries and growth of shale gas and tight oil activities are driving the market across the world. Lack of government monitoring of industrial safety in emerging economies is a major restraint for the market.

The in-line segment is expected to hold the largest share of the flame arrestors market, by type, during the forecast period.
The in-line segment is expected to dominate the flame arrestors market during the forecast period.In-line flame arrestors have been further categorized as deflagration and detonation arrestor.

The market for in-line flame arrestors is driven by the increasing demand for detonation arrestors in storage tanks used for storing combustible material such as gasoline, crude oil, LNG, and aviation fuel.

Asia Pacific: The largest market for flame arrestors.

The Asia Pacific is the largest market for flame arrestors.Large investments in refinery expansions and the petrochemical industry are driving the market in the region.

In countries such as China and India, the growth in industries like pharmaceutical and chemical is further driving the growth of flame arrestors. China, India, and Indonesia are expected to grow at a fast pace during the forecast period.

Breakdown of Primaries
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
• By Company Type: Tier 1 - 51%, Tier 2 - 30%, Tier 3 - 19%
• By Designation: C-Level - 31%, D -Level- 43%, Others - 26%

By Region: Asia Pacific - 30%, Europe - 27%, North America - 22%, Middle East - 11%, South America - 6%, Africa - 4%
Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 = >USD 5 million, Tier 2 = USD 1 million to USD 5 million, and Tier 3 =
Note: Others includes product engineers, sales managers, regional managers, consultants, and technical experts.
Leading players in the flame arrestors market are Emerson (US), Braunschweiger Flammenfilter (Germany), Elmac Technologies (UK), BS&B (US), Protectoseal (US), and Tornado Combustion Technologies (US).

Research Coverage
The report defines, describes, and forecasts the flame arrestors market by module, type, application, end-user, and region.It also offers a detailed qualitative and quantitative analysis of the market.

The report provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. The report also includes an in-depth competitive analysis of key players in the market along with their company profiles, recent developments, and key market strategies.

Why buy this report?
1. The report identifies and addresses key markets for the implementation of flame arrestors in oil & gas and chemical industries, which would help system providers review the growth in demand.
2. The report helps solution providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Read the full report: https://www.reportlinker.com/p05484764

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

Cision View original content:http://www.prnewswire.com/news-releases/the-flame-arrestors-market-is-projected-to-grow-at-a-cagr-of-5-31-from-2018-to-2023--300697808.html

SOURCE Reportlinker

View Comments and Join the Discussion!