Global Flame Arrestors Market to Reach $15.3 Billion by 2030
The global market for Flame Arrestors estimated at US$10.1 Billion in the year 2023, is expected to reach US$15.3 Billion by 2030, growing at a CAGR of 6.1% over the period 2023-2030. In-Line Flame Arrestors, one of the segments analyzed in the report, is expected to record 6.3% CAGR and reach US$10.6 Billion by the end of the analysis period. Growth in the End-of-Line Flame Arrestors segment is estimated at 5.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 9.4% CAGR
The Flame Arrestors market in the U.S. is estimated at US$2.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2030 trailing a CAGR of 9.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
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