Market Size of Flame Arrestors Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 2.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Flame Arrestors Market Analysis
The flame arrestors market is expected to register a CAGR of more than 2% during the forecast period (2022-2027). The COVID-19 outbreak indirectly impacted the market by reducing the demand for goods from the chemical, power generation, and oil and gas industries. However, the resurgent growth after Q2 2021 positively impacted the market. Further, stringent government regulations, particularly for the chemical and oil and gas industries to install flame arrestors for safety purposes, may drive the flame arrestors market. Volatile crude oil and gas prices, which are leading to decreased investments, are likely to restrain the flame arrestors market during the forecast period.
- Due to the increasing annual production and refining capacity, the oil and gas segment is expected to be the largest segment in the flame arrestors market during the forecast period.
- New technological advancements in replacing the old flame arrestors (due to their outdated technology) are expected to create several opportunities for the flame arrestors market in the coming years.
- Asia-Pacific is expected to dominate the flame arrestors market during the forecast period, with most of the demand coming from countries like China and India.
