Off-topic » market to expand

The global flame arrestors market is expected to grow at a CAGR of 5.31% Paco Alcacer Trikot , from 2018 to 2023, to reach a market size of USD 924.7 million by 2023. The shale gas and tight oil boom in North America and China are expected to drive the market for flame arrestors. Stringent safety norms and regulations in the industries also provide opportunities for the growth of the flame arrestors market.
To speak to our analyst for a discussion on the above findings, click
The storage tank segment of the flame arrestors market, by application, is expected to grow at the fastest rate from 2018 to 2023. The segment is driven by shale gas and tight oil boom in North America and China as well as the rising investments in the chemical sector in the Asia Pacific region. Storage tanks containing combustible liquids require flame arrestors at the end of their vents to prevent an implosion caused due to an external ignition source.
On the basis of type Axel Witsel Trikot , the in-line segment is expected to grow at the fastest rate from 2018 to 2023. This segment is expected to grow rapidly owing to the rising demand of detonation type in-line flame arrestors for storage tank, pipelines, and ventilation systems. Detonation arrestors are mainly used where highly combustible liquids such as gasoline, aviation fuel, and LNG are stored or transferred. Stringent safety norms across industries have ensured that the demand for detonation arrestors remains steady.
Download PDF Brochure Here:
The oil & gas segment Eric Oelschlagel Trikot , by component, is estimated to grow at the fastest rate during the forecast period. The oil & gas is the largest market for flame arrestors, and the rapid growth of this segment is attributed to the shale gas and tight oil boom in North America and China. The increasing oil & gas activity has ensured the construction of storage terminals and tank farms for capacity addition of crude oil and natural gas. Additionally, rising investments in refinery capacity expansions in the Asia Pacific is contributing to the growth of this segment.
The flame arrestors market has been segmented, by region Omer Toprak Trikot , into North America, Europe, the Asia Pacific, the Middle East, South America Marwin Hitz Trikot , and Africa. The Asia Pacific is expected to grow at the fastest rate during the forecast period, followed by North America. The growth in the market in the Asia Pacific is driven by countries such as China, India, and Indonesia where rising investments in refineries and the chemical sector are creating a demand for storage terminals and tank farms, thereby driving the growth of flame arrestors in the region.
Related Report:
"Shunt Reactor Market by Type (Oil-Immersed and Air-Core) Jacob Bruun Larsen Trikot , Application (Variable Reactors and Fixed Reactors), End-User (Electrical Utilities and Industrial Verticals), and Region (North America, Europe, Asia Pacific Julian Weigl Trikot , and South America) - Global Forecast to 2022"
About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunitiesthreats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook Dzenis Burnic Trikot , IL 60062
USA : 1-888-600-6441
sales@
Total Views: 1Word Count: 577See All articles From Author


Membrane Technology Market to Expand at 9.10% CAGR from 2014 to 2019 Health Articles | May 26, 2016

The global rise in the pharmaceutical industry gives a significant boost to the worldwide market for membrane technology. The increasing demand for single-use disposables in biopharmaceuticals also triggers the demand for membrane technology in recent times.



The global membrane technology market is experiencing a significant rise in its valuation. The increasing research and development activities in membrane technology and the growth of several industries such as life sciences, pharmaceutical, and biopharmaceutical in terms of production volume are propelling this market substantially across the world. North America has been leading this market since the last few years. However, Asia Pacific is likely to emerge as the fastest growing membrane technology market across the world.


A research study by Transparency Market Research (TMR) has stated that the worldwide market for membrane technology stood at US$6.4 bn in 2013. Analysts estimate this market to expand at a CAGR of 9.10% between 2014 and 2019 and reach a value of US$10.8 bn by the end of 2019.


What are the key factors driving the global membrane technology market?


The introduction of single-use disposable technology for biopharmaceutical products is the main driving force behind the robust growth of this market. Other than this Marcel Schmelzer Trikot , the implementation of stringent regulations regarding sterilizing drugs and medications during production is fueling the demand for membrane filtration, adding significantly to the market’s rise.聽


The continual advances introduced in the membrane technology are also boosting the market for membrane technology considerably across the world.


What are the major challenges faced by this market?


The global membrane technology market faces severe challenges from membrane foulin. Cheap Jerseys China Cheap Jerseys China Cheap Jerseys China Cheap Jerseys Wholesale Cheap Jerseys China Wholesale Cheap NHL Jerseys Wholesale Jerseys China Wholesale Jerseys China Wholesale NBA Jerseys Wholesale Baseball Jerseys