PUBLISHER: Grand View Research | PRODUCT CODE: 1530474
PUBLISHER: Grand View Research | PRODUCT CODE: 1530474
Market Size & Trends
The global flame and detonation arrestors market size was estimated at USD 1,006.7 million in 2023 and is projected to grow at a CAGR of 4.6% from 2024 to 2030. The increasing demand for safety devices to prevent explosions and ensure safe operational environments in various industries such as oil & gas, chemicals, and power generation is driving the growth of the market for flame and detonation arrestors.
These devices are crucial for preventing the propagation of flames and detonations in pipelines, storage tanks, and other equipment, thus protecting assets and personnel. The market growth is further fueled by stringent safety regulations and standards across industries, which mandate the installation of flame and detonation arrestors to mitigate risks associated with hazardous environments.
Technological advancements in arrestor design and the development of advanced materials are also contributing to market expansion. Additionally, the rising focus on industrial safety and the need to comply with regulatory requirements are driving the adoption of flame and detonation arrestors globally.
Global Flame And Detonation Arrestors Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global flame and detonation arrestors market report based on type, end use, and region: