Flame Arrestors Market worth $924.7 Million by 2023

PUNE, India, August 8, 2018 /PRNewswire/ --

According to a new market research report "Flame Arrestors Market by Type (In-Line and End-of-Line), Application (Storage Tank, Pipeline, Incinerator, Ventilation System), End-user (Oil & Gas, Chemical, Pharmaceutical, Waste-to-Energy Plant), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the global market is expected to grow from an estimated USD 713.8 million in 2018 and is projected to reach USD 924.7 million by 2023, at a CAGR of 5.31% during the forecast period. The market is set to grow because of the stringent safety norms and regulations in industries, such as the US Coast Guard Regulations and EU's TRCI (Tank Farm Guidelines for Chemical Industries) which have mandated the installation of flame arrestors for storage of combustible materials.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Browse 80 market data Tables and 28 Figures spread through 116 Pages and in-depth TOC on "Flame Arrestors Market"

https://www.marketsandmarkets.com/Market-Reports/flame-arrestors-market-86763369.html

Early buyers will receive 10% customization on this report 

The storage tank segment is expected to hold the largest share of the Flame Arrestors Market, by application, during the forecast period. 

Storage tanks used for storing combustible liquids such as crude oil, gasoline, aviation fuel, and LNG require safety instrumentation equipment for prevention of hazards like fire and explosions. Flame arrestors are an intrinsic part of a storage tank safety system, and several regulations mandate the installation of flame arrestors at the end of the tank vents. The segment is expected to be driven by the rising investments in the refinery expansions and petrochemical and pharmaceutical industries in the Asia Pacific. The shale gas and tight oil boom in North America and China are further contributing to the growth as new storage terminals emerge in these regions.

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=86763369

The in-line segment is expected to dominate the Flame Arrestors Market, by type, in 2018. 

In-line flame arrestors are bi-directional flame arrestors installed between pipelines or vents. They are mainly used for the prevention of flame traveling through the pipe in case of accidental ignition. In-line flame arrestors are further categorized as detonation arrestors and deflagration arrestors. Detonation arrestors are an important component of safety instrumentation for facilities and storages where highly combustible substances such as gasoline, propane, LNG, ethyl alcohol, and aviation fuel are stored. The stringent safety norms in industries such as EU's TRCI (Tank Regulation for Chemical Industry) and US Coast Guard Regulations for storage terminals have resulted in the rising demand for detonation arrestors which is driving the market for the in-line segment.

Asia Pacific: Expected to be the leading market for flame arrestors during the forecast period. 

The Flame Arrestors Market has been analyzed with respect to 6 regions, namely, North America, Europe, the Asia Pacific, South America, the Middle East, and Africa. The market in the Asia Pacific is expected to lead the Flame Arrestors Market, by region. This region is witnessing rapid economic growth and large investments in sectors such as oil & gas refineries, chemicals & petrochemicals, pharmaceutical, and manufacturing. This has resulted in an increased demand for industrial safety equipment such as flame arrestors. Shale gas and tight oil extraction in China has also resulted in an increased number of storage tank farms and terminals, thus driving the market for the region.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Flame Arrestors Market. These include Emerson (US), Braunschweiger Flammenfilter (Germany), BS&S (US), Elmac Technologies (UK), and Tornado Combustion Technologies (US). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

Know more about the Flame Arrestors Market: 

https://www.marketsandmarkets.com/Market-Reports/flame-arrestors-market-86763369.html

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/flame-arrestors-market.asp

Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets