The global flame arrestors market is projected to reach USD 924.7million by 2023, at a CAGR of 5.31% from 2018 to 2023. This market growth is primarily driven by stringent safety norms and regulation for industries. The shale gas and tight oil boom in the Asia Pacific and North America provides an opportunity for growth in the market.
The flame arrestors market comprises both global and regional players. The global market is dominated by major players, including Emerson (US), Braunschweiger Flammenfilter (Germany), Elmac Technologies (UK), and BS&B (US). The market growth strategies adopted by key players in the flame arrestors market include contracts & agreements, new product launches, and mergers & acquisition. The contracts & agreements strategy was the most commonly adopted by market players from January 2014 to May 2018. The industry players also adopted new product launches, the second-most popular strategy during the stated period.
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Emerson is a leading provider of automation solutions for various industries. The company operates through two segments, automation solutions, and commercial & residential solutions. The automation solutions segment provides integrated manufacturing solutions for products such as measurement equipment, valves & actuators, control systems, and pneumatic equipment. The company offers flame arrestors as part of its valves & actuators and regulators product portfolio. The company has expansions, and new product launches as its key growth strategies. In January 2014, Emerson announced the acquisition of Enardo, a company providing safety instrumentation systems including flame arrestors. The acquisition made way for Emersonís entry into the flame arrestors market
Elmac Technologies is a UK-based industrial safety equipment manufacturer, founded in 1948 and headquartered in Greenfield. The company specializes in tank safety equipment such as flame arrestors, pressure relief valves, tank blanketing valves, and emergency relief vents. The company caters to various end-user industries such as oil & gas, petrochemicals, pharmaceutical, fuel distribution, and biogas production industries.
Elmac is focused on organic growth strategies, mainly contracts & agreements. In June 2018, the company secured a contract to provide flame arrestors for Belgiumís largest fuel storage facility with the objective to supply assistance through the vapor recovery lines of two new jetties. In January 2018, it launched two new series of end-of-line flame arrestors, the LCA and LEA series.
Flame Arrestors Market by Type (In-Line and End-of-Line), Application (Storage Tank, Pipeline, Incinerator, Ventilation System), End-user (Oil & Gas, Chemical, Pharmaceutical, Waste-to-Energy Plant), and Region - Global Forecast to 2023
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