The growth in oil & gas and power generation sectors has led to the higher adoption of equipment such as flame arresters, whose proposed function is to allow flow but prevent the transmission of flame from either detonation or deflagration. A flame arrester is expected to emerge as an important device in the near future and is expected to be used in various applications.
Different types of flame arresters are available in the market depending upon the orientation, including horizontal flame arresters and vertical flame arresters.
More recently, flame arresters have been perceiving a surge in the demand for power generation, oil & gas and mining applications. Increasing regulations pertaining to the mandatory installation of flame arresters in different end use industries to ensure the safety of plants as well as employees. This will upsurge the demand for flame arresters in the coming decade.
Drivers:
Ever growing end-use industries, such as oil & gas, power generation, pharmaceutical, agro-chemicals and fertilizers, etc., both in developing and developed economies is expected to be the prime reason driving the growth of the global flame arrester market over the forecast period. Moreover, the flame arrester ensures highly levels of safety, better protection of plants as well as employees.
This factor is also expected to contribute to the growth of the global market in the coming decade.
Restraints:
Improper functioning or failing equipment requires high maintenance and repair expenses and excessive downtime. This is anticipated to act as a restraining factor for the growth of the global flame arrester market over the forecast period. Moreover, if the pressure drop is too high, the equipment downstream may be unable to operate which is expected to hamper the growth of flame arrester market in the coming decade.
Sometimes, the material may solidify in the flame arrester and cause blockage and requires empting at appropriate interval.
Trends:
A major trend expected five years down the line involves market leaders, both dedicated manufacturers & OEMs, focusing on research and development activities to develop new and innovative products. Moreover, the manufacturer are also offering customized products based on consumer demands. The key players in the flame arrester market are competing on the basis of innovation, low cost, product feature and performance.
The global flame arrester market can be segmented into the following regions – North America, Western Europe, Eastern Europe, Latin America, South East Asia-Pacific, China, Japan, India and the Middle East and Africa.
The regional demand dynamics can be directly correlated with the demand from end-use industries.Asia Pacific, followed by Western Europe, is expected to dominate in terms of sales and remain dominant in terms of demand for flame arresters, owing to the continuous increase in domestic consumption.
North America is expected to witness significant demand for flame arresters, owing to the regulations that mandate installation in the region. Latin America is expected to grow at a substantial CAGR during the forecast period, owing to the growth of end-use industries in the region. The Middle East & Africa region is anticipated to grow at a significant pace during the forecast period, due to the growth of the oil & gas industry in the region.
Examples of some of the market participants identified across the value chain of the global flame arrester market include:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global flame arrester market can be segmented on the basis of type, orientation and application.
By type, the global flame arrester market can be segmented into,
By orientation, the global flame arrester market can be segmented into,
By application, the global flame arrester market can be segmented into,
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