Press release
Flame Arrestor Industry Outlook 2025-2029: Market Set to Cross $8.12 Billion Milestone
Flame Arrestor Market
How Large Will the Flame Arrestor Market Size By 2025?
In the past few years, a significant expansion has been witnessed in the flame arrestor market. The market size, which is projected at $5.49 billion in 2024, is expected to increase to $5.9 billion by 2025, with a compound annual growth rate (CAGR) of 7.5%. The historic growth in the market can be linked to the development of the chemical and petrochemical industries, intensification of interest in industrial safety norms, expansion in the oil and gas exploration sector, heightened awareness about fire risks associated with industrial procedures, and the increase of industrial activities in multiple nations.
How Big Is the Flame Arrestor Market Size Expected to Grow by 2029?
In the coming years, the flame arrestor market is set to experience robust growth, projecting to reach $8.12 billion by 2029, with a compound annual growth rate (CAGR) of 8.3%. This surge during the forecast period can be accredited to rigorous environmental and safety standards, expansion in the energy and power generation industries, adoption of flame arrestors in developing economies, an increase in its usage in renewable energy applications, and a rising demand in the consumer durables sector. Key trends for this period are advancements in flame arrestor technology, the incorporation of intelligent sensors and monitoring systems into flame arrestors, the employment of corrosion-resistant materials in flame arrestor fabrication, customization of flame arrestors for distinct industrial applications, and cooperation between flame arrestor producers and end-users.
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Which Key Market Drivers Powering Flame Arrestor Market Expansion and Growth?
Advancements in oil and gas exploration efforts are projected to boost the flame arrestor market's expansion in the future. The oil and gas industry's upstream sector, which encompasses the initial preparation measures for geological surveying, procuring land rights, and production activities like onshore and offshore drilling, heavily relies on these devices. Flame arrestors allow gases to pass but inhibit flames from causing ignition, thus preventing extensive fires or explosions linked with heightened production and safety precautions of secure gas transportation operations. For example, in March 2022, a study compiled by S&P Global, an American publicly traded corporation, disclosed a steep rise in oil and gas exploration endeavors in Q1, noting upsurges in production, capital spending, employment, and overall operational expenses. Roughly 52% of the participants reported an uplift in oil production, whereas about 47% reported a rise in natural gas production during 2022's initial quarter. Consequently, escalating oil and gas exploration activities are fuelling the flame arrestor market's growth.
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Which Fast-Growing Trends Are Poised to Disrupt the Flame Arrestor Market?
Innovative new products have become a critical trend gaining traction in the flame arrestor market. To fortify their market position, many major companies in the flame arrestor industry are concentrating on crafting these novel product innovations. As an example, G. W. Lisk Company Inc., an American enterprise specializing in the manufacturing and supplying of solenoid valves, introduced their ATEX, IECEx, and UL/ULC certified inline deflagration flame arrestor series in August 2022. This series is suitable for use in oil and gas installations up to 4 inches in Class 1: Div 1 (Zone 0,1) and Div 2 (Zone 2). These flame arrestors, designed with paramount safety and field functionality in mind, reduce obstructions in flow channels whilst maintaining structural durability.
What Are the Emerging Segments in the Flame Arrestor Market?
The flame arrestor market covered in this report 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
Subsegments:
1) By In-Line: Pipe-Mounted In-line Arrestors, Flanged In-line Arrestors, Threaded In-line Arrestors
2) By End-of-Line: Simple End-Of-Line Arrestors, High-Temperature End-Of-Line Arrestors, Multi-purpose End-Of-Line Arrestors
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Who Are the Global Leaders in the Flame Arrestor Market?
Major companies operating in the flame arrestor market include Ermacora Claudio Company, Emerson Electric Company, PROTEGO Braunschweiger Flammenfilter GmbH, L&J Technologies, Morrison Brothers Co., Tornado Combustion Technologies Inc., Motherwell Tank Protection Ltd., Protectoseal Ltd., ERGIL Group, Westech Industrial Ltd., Protego India Pvt. Ltd., Elmac Technologies Ltd., Flammer GmbH, D-Ktc Fluid Control SRL, Sunflow Technologies, WITT-Gasetechnik GmbH & Co. KG, Essex Industries Inc., Groth Corporation, BS&B Safety Systems Ltd., Pentair plc, RICO Sicherheitstechnik AG, Rupture Pin Technology Inc., Shand & Jurs, Taylor Valve Technology Inc., Thuba Ltd., Varec Inc., Vent-Tech Ltd., Zook Enterprises LLC, Elster Kromschroeder AG, KITO Armaturen SA, Lisk AG
Which are the Top Profitable Regional Markets for the Flame Arrestor Industry?
Asia-Pacific was the largest region in the flame arrestor market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flame arrestor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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