In a recent published report, Kenneth Research has updated the market report for Flame Arrestors Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Flame Arrestors Market products.
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The global flame arrestors market is majorly driven by the growing production of tight oil and shell gas. Rising spending towards the fire protection in manufacturing sectors including, petroleum, mining and power generation industries in light of the implementation of regulations by the U.S. Environment Protection Agency and European Commission for ensuring fire safety is expected to promote the usage of flame arresters. Furthermore, growing production of unconventional sources including, tight oil and shale gas in North America as a result of extensive E&P spending by the companies including, Shell, Exxon Mobil and Apache is projected to expand the scope of flame arresters.
This report presents the global market size (revenue) of key companies in Flame Arrestors business. This report presents a comprehensive industry overview, market shares, and growth opportunities of Flame Arrestors market by type, key regions and countries and key manufacturers. Additionally, this report discusses risks faced by key manufacturers and the market as a whole. It also analyses key emerging trends and their impact on present and future industry development.
The in-line type flame arrestor segment is expected to grow fastest over the forecast period. These arrestors are used in the oil & gas segment when the flame propagation is above the speed of sound and can cause shock waves in the gas. The flame can propagate down the pipe and can cause a transient and unstable condition. It is also accelerated by the rough pipe walls, interruptions, bends, valves, or pipe section changes. The condition is known as unstable detonation with a supersonic speed. The detonation type flame arrestors are used in such conditions.
Market Segment by Regions, regional analysis covers
North America (U.S. and Canada)
Europe (France and Germany)
Asia Pacific (India and China)
Middle East and Africa
The use of flame arrestors on process vessels and storage tanks in the U.S. is approved by Occupational Safety and Health Administration (OSHA) and National Fire Protection Association (NFPA). These agencies form a framework for integrated testing of fire protection, designate where flame arresters are required and commissioning process of life safety systems, in order to make sure that the systems containing combustible or flammable liquids at atmospheric pressure function in a sound manner.
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Key Vendor Takeaway
The research report presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. Market Segment by Manufacturers, this report covers
Parker Hannifin Corporation
BS&B Safety Systems
Braunschweiger Flammenfilter GmbH
Kingsley Engineering Services
Fluidyne Instruments Pvt Limited
ACME Valves Industries
The key players are engaged in spending significant amount on R&D activities to develop new products. For instance, PROTEGO has one of the largest R&D facility for flame arresters and tank vents and PARKER HANNIFIN CORP is spending more than 2 % of its total revenue around USD 120 million.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPE
End of Line
MARKET, BY APPLICATION
MARKET, BY END USE
Oil & Gas
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of the World
Middle East and Africa
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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