Flame Arrestors Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
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.
Key HighlightsThe flame arrestors market is moderately consolidated. Some of the key players in the market include Emerson Electric Co., Elmac Technologies Ltd, PROTEGO Braunschweiger Flammenfilter GmbH, The Protectoseal Company Inc., and WITT-Gasetechnik GmbH & Co KG.
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