Press release
Flame Detectors Market by Top Key Industry Players: Honeywell, Siemens, General Monitors, Johnson Controls. Other prominent partners are Emerson, Det-tronics, Electric, Micropack, Spectrex, Simtronics ASA, United Technologies Corporation, Tyco, and Bosch
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Flame Detectors Market size is estimated to grow at over 6% CAGR from 2016 to 2024, and is predicted to be valued over USD 3 billion by 2024.
The industry is characterized by the stringent regulatory norms across developed and developing economies. Continuous efforts across numerous business ventures in order to provide employees with safe and secure working environment will drive flame detectors market size through 2024.
These devices aid in early fire detection by efficiently detecting smoke, fire and flame in the surrounding. They exhibit flawless capability of detecting radiations from the flames and generate alert signals, and are produced to effectively operate even in extreme conditions. Responses to a detected flame includes buzzing of an alarm, fuel line deactivation (such as natural gas and propane line), and activation of a fire suppression system.
Escalating adoption across diverse industry sectors such as oil and gas, manufacturing, energy and power is anticipated to offer massive growth potential from 2016 to 2024. Increasing industry participants focus of R&D in order to develop technically advanced products will positively impact flame detectors market size through 2024.
These devices require expensive raw material which in turn is likely to increase product prices. High installation cost may hamper the product demand. In addition, substantial maintenance may negatively impact growth over the forecast timeline. However, training initiatives in by various organizations regarding safety at workplace could create massive opportunities.
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Based on end-use, the industry can be bifurcated into energy and power, consumer goods and retail, government, manufacturing, healthcare, oil & gas, aerospace & defense, transportation & logistics, mining, automotive, marine, etc. On the basis of service, it can be categorized into inspection and managed services, engineering services, installation & design services, and maintenance services.
UV or IR flame detectors are widely implemented in numerous applications such as in gas-fueled cookers, industrial heating and drying systems, industrial gas turbines, hydrogen stations, domestic heating stations. In addition, other applications include MDF factories, fume cupboards, coal handling, felt manufacture, nuclear industry, waste handling, pharmaceuticals, agriculture, metal fabrication, power lands and power plants, printing, spray booths, tunnels, aircraft hangars, clothing dryers and high voltage equipment.
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Major manufacturers in flame detectors market include Honeywell, Siemens, General Monitors, Johnson Controls. Other prominent partners are Emerson, Det-tronics, Electric, Micropack, Spectrex, Simtronics ASA, United Technologies Corporation, Tyco, and Bosch. The industry has witnessed frequent mergers & acquisitions and new product development in order for manufacturers to maintain competitive edge. Industry players focus on expanding their presence into emerging markets such as Asia and Africa. Growing focus on developing improvised products with attributes such as robust, easy to install and fast response rate with wide angle detection capability will catalyze the industry demand from 2016 to 2024.
Browse Related Report: https://www.gminsights.com/pressrelease/electronic-shelf-label-esl-market
Market share calculation in this report is not done based on companies covered in it. The calculation of Flame Detectors Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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