Flame Arrestor Market: Analyzing Global Trends and Industry Dynamics || Ermacora, Emerson Electric Co., Braunschweiger Flammenfilter

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Flame Arrestor Global Market Report 2023 identifies the increase in oil and gas exploration activities is the major driver for the flame arrestor market's growth in the forecast period. The upstream sector of the oil and gas industry includes exploration activities, including preparation for geological surveys and the acquisition of land rights, and production activities, including onshore and offshore drilling. Flame arrestors are devices that allow gas to pass through but prohibit a flame from igniting, preventing a large fire or explosion as a result of increased production and safety concerns about safe gas transportation operations. For instance, in March 2022, according to a survey report published by S&P Global, a US-based publicly traded corporation, oil and gas exploration activities were up sharply in Q1 with reported increases in production, capital expenditures, employment, and overall operating costs.

The global flame arrestor market size will grow from $4.76 billion in 2022 to $5.16 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global flame arrestor is expected to grow to $6.76 billion in 2027 at a CAGR of 7.0%.

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Major competitors in the flame arrestor market are Ermacora, Emerson Electric Co., Braunschweiger Flammenfilter, L&J Technologies, Morrison Bros. Co., Tornado Combustion Technologies, Motherwell Tank Protection, Protectoseal, Ergil, Westech Industrial, and PROTEGO.

A key trend in the flame arrestor market includes new product innovations. Major companies operating in the flame arrestor sector are focused on developing new product innovations to strengthen their position. For instance, in February 2020, BelGas FM, a US-based flame arrestor manufacturer, introduced a new feature to their product, a face plate with a pressed, sealed sight glass instead of the one that is welded or held in place with a lock nut. This removes seams and gaps, reduces the risk of leaks, and improves the arrestor's ability to endure vibration from machinery.

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The flame arrestor market is segmented -

1) By Type: In-line, End-of-line

2) By Application: Storage Tank, Pipeline, Incinerator, Ventilation System, Other Applications

3) By End-User: Oil and Gas, Chemicals, Pharmaceutical, Mining, Power Generation, Other End Users

4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the flame arrestor market share.

The Business Research Company's "Global Flame Arrestor Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Flame Arrestor Market Include:
1. Executive Summary
2. Flame Arrestor Market Characteristic
3. Flame Arrestor Market Trends And Strategies
4. Flame Arrestor Market - Macro Economic Scenario
5. Flame Arrestor Market Size And Growth
……………
27. Flame Arrestor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Flame Arrestor Market
29. Flame Arrestor Market Future Outlook And Potential Analysis
30. Appendix

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