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Stock impact report

Flame Arrestor Market To Reach USD 1,535.3 Million By 2032 | DataHorizzon Research [Yahoo! Finance]

Emerson Electric Company (EMR) 
Last emerson electric company earnings: 4/21 06:55 am Check Earnings Report
US:NYSE Investor Relations: emerson.com/en-us/investors
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, May 09, 2024 (GLOBE NEWSWIRE) -- The rapid expansion of the oil and gas sector boosts the market demand. The flame arrester market is undergoing significant expansion, primarily propelled by the escalating emphasis on safety and risk management across diverse industries. According to the U.S. Department of Labor's Occupational Safety and Health Administration (OSHA), adopting effective safety measures, including flame arresters, can avert up to 70% of industrial accidents. Stringent government regulations, such as the ATEX Directive 2014/34/EU in Europe and the OSHA Process Safety Management (PSM) standard in the United States, have further incentivized companies to invest in robust flame arrester solutions to ensure compliance and safeguard their workforce. Additionally, the rising oil and gas exploration and production activities, particularly in emerging economies, have necessitated the deployment of advanced flame arresters to protect facilities and Show less Read more
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