Rise in Oil & Gas Project Related Investments Owing and Stringent Governmental Regulatory Norms or Standards Ensuring Industrial Workplace Safety is Anticipated to Boost North America and Europe Flame Arrestor Market during The Forecast period 2021-2026. North America and Europe Flame Arrestor market is analysed to grow at a CAGR of 3.8% during the forecast period 2021-2026 to reach $314.5 million by 2026.

North America and Europe Flame Arrestor Market Size is forecast to reach $314.5 million by 2026, at a CAGR of 3.8% during 2021-2026. Rising rate of investments towards oil & gas projects along with stringent government regulations or policies for industrial safety from government bodies like U.S. Environmental Protection Agency, Occupational Safety and Health Administration OSHA and so on attribute towards the market growth. In addition, increase in investments regarding fire equipment upgradation or replacement overtime, along with growing number of fire explosion incidents across various end-use industries is further set to drive the market growth of flame arrestors during the forecast period 2021-2026.

Storage tanks are widely adopted within major industries like chemical plants, oil & gas, wastewater treatment and so on to conduct different industrial processes involving the use of hazardous substances, making it highly prone to fire explosion. This creates the need for installation of fire detection equipment on the tank outlets, in order to ensure optimum industrial work safety. In 2020, an explosion of large storage tank containing hydrocarbon based waste fluids was reported in a energy company, named Petronas Energy Canada, causing severe injuries of two workers. On investigation, Workers' Compensation Board of British Columbia, operating as WorkSafeBC fined an amount of $161,312 due to firm’s failure in isolation and control of energy sources to prevent injuries as well as conducting hazard assessment of work activities around a confined space. Furthermore, in 2020, McDermott International Ltd. had revealed that CB&I Storage Solutionshad received a contract regarding installation of fourteen tanks within British Columbia, as a part of Trans Mountain Expansion Project. Such storage tank installation contracts as well as need for avoiding large amount of fines due to reported explosion incidents are set to impact the need towards flame arrestor for safety concerns during the forecast period 2021-2026.

Flame Arrestor market in North America region held largest market share of 60.2% in 2020. Growth of major industries like petrochemicals, oil or gas refineries and many others through infrastructural establishment projects alongside stringent regulation/standard compliance to ensure industrial work safety are some of the factors attributing to the market growth. In 2020, an U.S oil & gas major giant, ExxonMobil announced about its plans of investing over $240 million in its Baton Rouge Refinery, as an aim towards boosting its processing capability, enhance flexibility meet the growing demands as well as advance its overall competitiveness within the state. Furthermore, rising rate of reported industrial fire explosion incidents within hazardous environments along with need for periodic inspection/monitoring of fire safety devices are also analyzed to drive the market demand towards flame arrestors in the long run. In 2020, a storage tank explosion incident was reported within a petroleum facility in Texas injuring about seven contractors, out of which four were critically injured. Such projects are further set to create opportunities towards the need for flame tracking devices like flame arrestors during the forecast period.

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Flame Arrestor Market Growth Drivers:

Increasing rate of fire explosion incidents across various manufacturing or industrial plants is analyzed to drive the market growth during the forecast period

With the surge of fire explosion incidences within several manufacturing or industrial plants, the market growth towards flame arrestor is getting significantly impacted. Since majority of industries including power plants, chemical, oil refineries, sewage treatment and so on offer a highly hazardous environment due to use of volatile and combustible substances contributing to flame ignition or explosion incidents. Deployment of flame trapping devices like flame arrestors as well as periodically upgrading them can further help the industrial facilities to reduce severe life and property risks. In 2020, one of the largest producers and exporters of natural gas in Russia, Gazprom Liquefied Gas LLC had reported an incident related to explosion of 100 cubic meters above ground storage tank comprising of liquefied gas. According to Russian Emergencies Ministry, this incident had severely injured three people and one got subjected to death, alongside creating a threat for the other tanks by level-4 fire spread. Such explosions are set to drive more focus on installation of fire detection systems like flame arrestorsin order to avoid critical life or property damages in long-term. In addition, in 2020, an industrial accident occurred at a waste disposable plant in Harrisburg, Pennsylvania of a waste incinerator, owned by Lancaster County Solid Waste Management Authority. Since fire related explosion incidents have been rising rapidly within industries, the demand towards flame arrestors will tend to rise significantly higher.

The Major Players in this Market Include

Major players in Flame Arrestor include Protego Braunschweiger Flammenfilter, Elmac Technologies, Emerson, D-KTC Fluid Control, WITT-Gasetechnik, Aager Gmbh (Ergil), Continental Disc (Groth Corporation), Motherwell Tank Protection, Westech Industrial, Morrison Bros among others. In 2021, Groth Corporation had launched77E-AF Deflagration Arrester, which is tested and rated for IIB3/C gas group deflagrations, as a part of expanding its product line within the flame control market.

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