Flame Arrestor Market size was valued at USD 923.8 million in 2022 and is expected to grow to USD 1540.4 million by 2030 and grow at a CAGR of 6.6% over the forecast period of 2023-2030.
The flame arrestor market is anticipated to rise due to the increase in oil and gas exploration operations. The oil and gas industry's upstream segment consists of exploration, production, and land rights acquisition activities. Exploration activities include getting ready for geological studies and acquiring land rights. In order to prevent a huge fire or explosion as a result of increased production and safety concerns regarding safe gas transportation operations, devices called flame arrestors are used. These devices let gas travel through but prevent a flame from starting. For Example, in March 2022, S&P Global, a publicly traded US company, released a survey report stating that oil and gas exploration activity had increased significantly in Q1 with recorded increases in production, capital expenditures, employment, and total operational expenses. Additionally, during the first quarter of 2022, roughly 52% of respondents reported a rise in oil output, and 47% reported an increase in natural gas production. As a result, the market for flame arrestors is expanding due to the rising number of oil and gas exploration activities.
All companies must adhere to safety standards and regulations, especially those in the oil, gas, and chemical sectors. Each nation has its own set of safety standards, norms, and guidelines for a variety of industries. Every industry, including those in the oil and gas, mining, chemical, and pharmaceutical sectors, is required to adhere to international standards for industrial safety that are set by agencies like the US Coast Guard, the International Electrotechnical Commission (IEC), and the European Committee for Electrotechnical Standardization (CENELEC). Industries must implement effective and efficient hazardous control systems, such as safety valves, gas blanketing devices, and flame arrestors, to comply with these standards.
RESTRAIN:
For the purpose of regulating and advising industries about safety standards and other procedures to be followed for the safety of the environment and human resources, separate regulatory bodies have been established in the majority of countries. Developed nations like the US, Canada, and the UK have stringent guidelines with ongoing follow-ups and monitoring methods to guarantee that these policies are adhered to.
OPPORTUNITY:
The world's increasing industrialization as well as the enormous rise of the mining, oil, and gas industries have contributed to the expansion of the flame arrestor market worldwide. In order to stop any [possibly explosive gas mixture, flame arrestors are widely utilized in the oil and gas sector. They are primarily installed in the storage tanks' pipelines and vents. Also, they're employed in the Davy lamps that coal miners use. The use of open fires as a source of light is extremely risky because there is a significant likelihood of explosive gases, such as methane, in coal mines.
CHALLENGES:
Authorities who are in charge of certifying electrical equipment are obligated to certify any equipment used in dangerous environments. It is difficult for the manufacturers of flame arrestors to expand into new areas since many nations have varied laws and requirements for the certification of equipment. Additionally, the expense of customizing a product's specifications increases in order to comply with local regulations. There are difficulties with competitive pricing because each country's testing and certification process has additional fees.
IMPACT OF RUSSIAN UKRAINE WAR
Oil and gas prices rose dramatically, with both main oil benchmarks trading above $110 today, which implies an additional 15% increase rise over the prior week. Currently, sanctions on Russia do not apply to energy exports. Europe is looking for alternatives, and reports advise refiners not to use Russian oil supply. However, by providing discounts in the range of $15 to $20, Russia is still able to find a market for the majority of its output. The Russian invasion of Ukraine greatly aggravated the already robust economic recovery and minimal investment in oil production. This skyrocketed the price of oil, which is now being passed on to consumers at the pump. There are certain methods that can be opened if the administration wished to reduce gas prices in the near future. These include lowering or eliminating the 18.4 and 24.4 cents per gallon, respectively, federal taxes on gasoline and diesel. Likewise, it might collaborate with state governments. Gains might total $0.5 per gallon given that state taxes are on average 30.63 and 32.29 cents per gallon. Adding more from strategic reserves to the market might be an alternative. However, as seen by current and prior acts, this would only have a minimal and transient effect on prices. In the foreseeable future, what is released now will need to be refilled.
By Type
By Application
By End-user
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Asia-Pacific is working on various projects in the oil and gas, chemical, and power sectors as a result of the ongoing rise in global energy demand. The region's energy, mining, and other industries lead it to become the world's largest market for flame arrestors. The majority of the region's nations, including China, India, and Indonesia, are developing economies with rising energy and pharmaceutical needs. Asia-Pacific has been drawing several due to the region's rising energy demand. investments across a range of flame arrestor-using sectors. The Asia-Pacific area consumed 253.25 exajoules of energy as of 2022, or around 48.3% of the world's total energy consumption in that same year. The percentage of energy consumed demonstrates the region's growing industrial development to meet the energy needs.
Due to the large number of developed countries in Europe and their tendency to implement safety measures in the workplace, the market for flame arrestors is predicted to rise significantly during the coming years. A flame arrestor is a piece of apparatus that lets gas pass via tiny fins while stopping the flame in order to safeguard against major explosions and fires. To lessen the risk of fire hazards, the flame arrestors are employed in a variety of industries, including chemical, metal and mining, pharmaceutical, refining, and power production.
REGIONAL COVERAGE:
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Some of key players are Emerson Electric Co., WITT-Gasetechnik GmbH & Co KG, PROTEGO Braunschweiger, Flammentfilter GmbH, Elmac Technologies Ltd, The Protectoseal Company Inc., BW Offshore, BS&B FlameSaf Limited, Braunschweiger Flammenfilter GmbH, ACME Valves Industries, Kingsley and other players are listed in final report.
Emerson Electric Co-Company Financial Analysis
| Report Attributes | Details |
|
Market Size in 2022 |
US$ 923.8 million |
|
Market Size by 2030 |
US$ 1540.4 million |
|
CAGR |
CAGR of 6.6% From 2023 to 2030 |
|
Base Year |
2022 |
|
Forecast Period |
2023-2030 |
|
Historical Data |
2019-2021 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
by Type (Indine, End-of-line), by Application (Storage Tank, Pipeline, Incinerator, Ventilation System, Others), By End-user (Oil & Gas, Chemical, Metals & Mining, Pharmaceutical, Waste-to-energy Plant, Others) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
|
Company Profiles |
Emerson Electric Co., WITT-Gasetechnik GmbH & Co KG, PROTEGO Braunschweiger, Flammentfilter GmbH, Elmac Technologies Ltd, The Protectoseal Company Inc., BW Offshore, BS&B FlameSaf Limited, Braunschweiger Flammenfilter GmbH, ACME Valves Industries, Kingsley |
|
Market Opportunities |
•Industry replacement of aging machinery |
|
Market challenges |
•Regulatory and certifying authority approval |
Flame Arrestor Market is anticipated to expand by 6.6% from 2023 to 2030.
Flame Arrestor Market size was valued at USD 923.8 million in 2022
Government oversight of industrial safety is ineffective in poor countries
Regulatory and certifying authority approval.
Asia-Pacific is dominating the Flame Arrestor Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Flame Arrestor Market Segmentation, By Type
8.1 Indine
8.2 End-of-line
9. Flame Arrestor Market Segmentation, By Application
9.1 Storage Tank
9.2 Pipeline
9.3 Incinerator
9.4 Ventilation System
9.5 Others
10. Flame Arrestor Market Segmentation, By End-user
10.1 Oil & Gas
10.2 Chemical
10.3 Metals & Mining
10.4 Pharmaceutical
10.5 Waste-to-energy Plant
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Flame Arrestor Market by Country
11.2.2North America Flame Arrestor Market by Type
11.2.3 North America Flame Arrestor Market by Application
11.2.4 North America Flame Arrestor Market by End-user
11.2.5 USA
11.2.5.1 USA Flame Arrestor Market by Type
11.2.5.2 USA Flame Arrestor Market by Application
11.2.5.3 USA Flame Arrestor Market by End-user
11.2.6 Canada
11.2.6.1 Canada Flame Arrestor Market by Type
11.2.6.2 Canada Flame Arrestor Market by Application
11.2.6.3 Canada Flame Arrestor Market by End-user
11.2.7 Mexico
11.2.7.1 Mexico Flame Arrestor Market by Type
11.2.7.2 Mexico Flame Arrestor Market by Application
11.2.7.3 Mexico Flame Arrestor Market by End-user
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Flame Arrestor Market by Country
11.3.1.2 Eastern Europe Flame Arrestor Market by Type
11.3.1.3 Eastern Europe Flame Arrestor Market by Application
11.3.1.4 Eastern Europe Flame Arrestor Market by End-user
11.3.1.5 Poland
11.3.1.5.1 Poland Flame Arrestor Market by Type
11.3.1.5.2 Poland Flame Arrestor Market by Application
11.3.1.5.3 Poland Flame Arrestor Market by End-user
11.3.1.6 Romania
11.3.1.6.1 Romania Flame Arrestor Market by Type
11.3.1.6.2 Romania Flame Arrestor Market by Application
11.3.1.6.4 Romania Flame Arrestor Market by End-user
11.3.1.7 Turkey
11.3.1.7.1 Turkey Flame Arrestor Market by Type
11.3.1.7.2 Turkey Flame Arrestor Market by Application
11.3.1.7.3 Turkey Flame Arrestor Market by End-user
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Flame Arrestor Market by Type
11.3.1.8.2 Rest of Eastern Europe Flame Arrestor Market by Application
11.3.1.8.3 Rest of Eastern Europe Flame Arrestor Market by End-user
11.3.2 Western Europe
11.3.2.1 Western Europe Flame Arrestor Market by Type
11.3.2.2 Western Europe Flame Arrestor Market by Application
11.3.2.3 Western Europe Flame Arrestor Market by End-user
11.3.2.4 Germany
11.3.2.4.1 Germany Flame Arrestor Market by Type
11.3.2.4.2 Germany Flame Arrestor Market by Application
11.3.2.4.3 Germany Flame Arrestor Market by End-user
11.3.2.5 France
11.3.2.5.1 France Flame Arrestor Market by Type
11.3.2.5.2 France Flame Arrestor Market by Application
11.3.2.5.3 France Flame Arrestor Market by End-user
11.3.2.6 UK
11.3.2.6.1 UK Flame Arrestor Market by Type
11.3.2.6.2 UK Flame Arrestor Market by Application
11.3.2.6.3 UK Flame Arrestor Market by End-user
11.3.2.7 Italy
11.3.2.7.1 Italy Flame Arrestor Market by Type
11.3.2.7.2 Italy Flame Arrestor Market by Application
11.3.2.7.3 Italy Flame Arrestor Market by End-user
11.3.2.8 Spain
11.3.2.8.1 Spain Flame Arrestor Market by Type
11.3.2.8.2 Spain Flame Arrestor Market by Application
11.3.2.8.3 Spain Flame Arrestor Market by End-user
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Flame Arrestor Market by Type
11.3.2.9.2 Netherlands Flame Arrestor Market by Application
11.3.2.9.3 Netherlands Flame Arrestor Market by End-user
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Flame Arrestor Market by Type
11.3.2.10.2 Switzerland Flame Arrestor Market by Application
11.3.2.10.3 Switzerland Flame Arrestor Market by End-user
11.3.2.11.1 Austria
11.3.2.11.2 Austria Flame Arrestor Market by Type
11.3.2.11.3 Austria Flame Arrestor Market by Application
11.3.2.11.4 Austria Flame Arrestor Market by End-user
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Flame Arrestor Market by Type
11.3.2.12.2 Rest of Western Europe Flame Arrestor Market by Application
11.3.2.12.3 Rest of Western Europe Flame Arrestor Market by End-user
11.4 Asia-Pacific
11.4.1 Asia-Pacific Flame Arrestor Market by Country
11.4.2 Asia-Pacific Flame Arrestor Market by Type
11.4.3 Asia-Pacific Flame Arrestor Market by Application
11.4.4 Asia-Pacific Flame Arrestor Market by End-user
11.4.5 China
11.4.5.1 China Flame Arrestor Market by Type
11.4.5.2 China Flame Arrestor Market by End-user
11.4.5.3 China Flame Arrestor Market by Application
11.4.6 India
11.4.6.1 India Flame Arrestor Market by Type
11.4.6.2 India Flame Arrestor Market by Application
11.4.6.3 India Flame Arrestor Market by End-user
11.4.7 Japan
11.4.7.1 Japan Flame Arrestor Market by Type
11.4.7.2 Japan Flame Arrestor Market by Application
11.4.7.3 Japan Flame Arrestor Market by End-user
11.4.8 South Korea
11.4.8.1 South Korea Flame Arrestor Market by Type
11.4.8.2 South Korea Flame Arrestor Market by Application
11.4.8.3 South Korea Flame Arrestor Market by End-user
11.4.9 Vietnam
11.4.9.1 Vietnam Flame Arrestor Market by Type
11.4.9.2 Vietnam Flame Arrestor Market by Application
11.4.9.3 Vietnam Flame Arrestor Market by End-user
11.4.10 Singapore
11.4.10.1 Singapore Flame Arrestor Market by Type
11.4.10.2 Singapore Flame Arrestor Market by Application
11.4.10.3 Singapore Flame Arrestor Market by End-user
11.4.11 Australia
11.4.11.1 Australia Flame Arrestor Market by Type
11.4.11.2 Australia Flame Arrestor Market by Application
11.4.11.3 Australia Flame Arrestor Market by End-user
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Flame Arrestor Market by Type
11.4.12.2 Rest of Asia-Pacific Flame Arrestor Market by Application
11.4.12.3 Rest of Asia-Pacific Flame Arrestor Market by End-user
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Flame Arrestor Market by Country
11.5.1.2 Middle East Flame Arrestor Market by Type
11.5.1.3 Middle East Flame Arrestor Market by Application
11.5.1.4 Middle East Flame Arrestor Market by End-user
11.5.1.5 UAE
11.5.1.5.1 UAE Flame Arrestor Market by Type
11.5.1.5.2 UAE Flame Arrestor Market by Application
11.5.1.5.3 UAE Flame Arrestor Market by End-user
11.5.1.6 Egypt
11.5.1.6.1 Egypt Flame Arrestor Market by Type
11.5.1.6.2 Egypt Flame Arrestor Market by Application
11.5.1.6.3 Egypt Flame Arrestor Market by End-user
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Flame Arrestor Market by Type
11.5.1.7.2 Saudi Arabia Flame Arrestor Market by Application
11.5.1.7.3 Saudi Arabia Flame Arrestor Market by End-user
11.5.1.8 Qatar
11.5.1.8.1 Qatar Flame Arrestor Market by Type
11.5.1.8.2 Qatar Flame Arrestor Market by Application
11.5.1.8.3 Qatar Flame Arrestor Market by End-user
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Flame Arrestor Market by Type
11.5.1.9.2 Rest of Middle East Flame Arrestor Market by Application
11.5.1.9.3 Rest of Middle East Flame Arrestor Market by End-user
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Flame Arrestor Market by Type
11.5.2.3 Africa Flame Arrestor Market by Application
11.5.2.4 Africa Flame Arrestor Market by End-user
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Flame Arrestor Market by Type
11.5.2.5.2 Nigeria Flame Arrestor Market by Application
11.5.2.5.3 Nigeria Flame Arrestor Market by End-user
11.5.2.6 South Africa
11.5.2.6.1 South Africa Flame Arrestor Market by Type
11.5.2.6.2 South Africa Flame Arrestor Market by Application
11.5.2.6.3 South Africa Flame Arrestor Market by End-user
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Flame Arrestor Market by Type
11.5.2.7.2 Rest of Africa Flame Arrestor Market by Application
11.5.2.7.3 Rest of Africa Flame Arrestor Market by End-user
11.6 Latin America
11.6.1 Latin America Flame Arrestor Market by Country
11.6.2 Latin America Flame Arrestor Market by Type
11.6.3 Latin America Flame Arrestor Market by Application
11.6.4 Latin America Flame Arrestor Market by End-user
11.6.5 Brazil
11.6.5.1 Brazil Flame Arrestor Market by Type
11.6.5.2 Brazil Flame Arrestor Market by Application
11.6.5.3 Brazil Flame Arrestor Market by End-user
11.6.6 Argentina
11.6.6.1 Argentina Flame Arrestor Market by Type
11.6.6.2 Argentina Flame Arrestor Market by Application
11.6.6.3 Argentina Flame Arrestor Market by End-user
11.6.7 Colombia
11.6.7.1 Colombia Flame Arrestor Market by Type
11.6.7.2 Colombia Flame Arrestor Market by Application
11.6.7.3 Colombia Flame Arrestor Market by End-user
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Flame Arrestor Market by Type
11.6.8.2 Rest of Latin America Flame Arrestor Market by Application
11.6.8.3 Rest of Latin America Flame Arrestor Market by End-user
12.Company profile
12.1 Emerson Electric Co.
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 WITT-Gasetechnik GmbH & Co KG
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 PROTEGO Braunschweiger
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Flammentfilter GmbH
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Elmac Technologies Ltd
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 The Protectoseal Company Inc.
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 BW Offshore
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 BS&B FlameSaf Limited
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Braunschweiger Flammenfilter GmbH
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 ACME Valves Industries
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Kingsley
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Product/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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