[FURL=https://www.industryarc.com/Report/19808/hydrogen-flame-and-flashback-arrestors-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Hydrogen Flame and Flashback Arrestors Market[/FURL] Size is forecast to reach $104.2 million by 2026, at a CAGR of 5.1% during 2021-2026. Hydrogen flame and flashback arrestors market is a safety product used in workplaces or in the industrial processes to protect users and equipment from damages and explosions and consists of a metallic tube filled with iron wool to cool the flame. Adoption of hydrogen flame and flashback arrestors is huge in the oil and gas industry for oxy fuel welding, flame propagation and flame stabilization as well as reverse gas flow owing to stringent regulations related to the adoption of safety equipment in this industry.Key Takeaways
Surge in the Industrialization along with the growth of Oil and Gas industries owing to the rising energy demands along with increasing natural gas production and plans to improve oil production have driven the growth of the market to improve the safety regulations.
Replaceable hydrogen flame arrestors have witnessed a significant growth in the market owing to growing which is widely being used in most major industries like oil & gas, aerospace & Marine and so on as there is need for need for regular inspection in order to avoid accidents or severe damages in the long term.
North America is witnessing a major growth in the market owing to the stringent government regulations and growing industrialization owing to offering environmental protection due to continuous mixing of hazardous wastes from industrial sector.
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Hydrogen Flame and Flashback Arrestors Market Segment Analysis - By Geography
Hydrogen Flame and Flashback arrestors Market in North America region held significant market share of 37.2% in 2020. Canada is one of the world’s largest producers of Oil & Gas. Canada ranks 5th in global production of Oil & Gas and 4th in the exports of the same. According to Statistics Canada, the country’s biggest banks earn up to 20% of their revenue through providing investment and earn up to 20% of their overall revenue by providing investment and corporate banking services to Oil & Gas companies.
Hydrogen Flame and Flashback Arrestors Market Drivers
Rising investments towards Oil and Gas Projects
Government regulations regarding industrial safety concerns
Hydrogen Flame and Flashback Arrestors Market Landscape
Hydrogen Flame and Flashback Arrestors Market top 10 companies include Protego Braunschweiger Flammenfilter, ELMAC Technologies, Emerson Electric, D-KTC Fluid Control, Morrison Bros, WITT-Gasetechnik, AAGER GmbH, Continental Disc, Motherwell Tank Protection, Westech Industrial among others.
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