openPR Logo
Press release

Flame Detector Market Growing at the Fastest Rate in APAC Region

11-04-2021 05:24 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

According to the new market research report on the"Flame Detector Market with COVID-19 Impact, by Product (Single UC, Single IR, Dual UV/IR, Triple IR, Multi IR), Industry (Oil & Gas, Energy & Power, Chemicals, Aerospace & Defense, Logistics) and Region - Global Forecast to 2026", The flame detector market size is expected to grow from USD 1.6 billion in 2020 to USD 2.0 billion by 2026; it is expected to grow at a CAGR of 4.2% from 2020 to 2026. The key factors driving the growth of the market include policies, regulations, and government initiatives, rising adoption of wireless technology in flame detection systems, and increasing human property loss due to fire breakouts.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=213130921

“Flame detector market for dual UV/IR to grow at a higher CAGR during forecast period”

The market for dual UV/IR is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to its ability to detect both UV and IR spectrums of radiations, thus increasing the span of its fire detection abilities. The increasing demand for improved safety and reduction in the failure of fire detection is expected to fuel the market for dual UV/IR flame detectors. A combination of UV and IR technology is quite popular for flame detection as the detector can collect information from both the UV side and the infrared side. UV/IR flame detectors offer increased immunity compared with UV detectors, operate at moderate speeds of response, and are suited for both indoor and outdoor use, especially for industrial applications. UV/IR flame detectors are designed specifically for industries that are prone to the emission of hydrocarbons and organic materials through fire. These are mostly seen in manufacturing industries.

“Flame detector market for pharmaceutical industry is expected to grow at highest CAGR during forecast period”

The market for pharmaceutical industry is expected to capture the highest CAGR during the forecast period. The high growth rate is driven by the need to safeguard human lives and properties, as well as avoid production halt in the vertical. The recent COVID-19 pandemic has resulted in heavy investments in the pharmaceuticals industry. Thus, the growth of this industry is expected to fuel the growth of the flame detector market for the pharmaceuticals industry.

“APAC to record highest CAGR from 2020 to 2026”

APAC is expected to be the fastest-growing flame detector market during the forecast period. Growing urbanization has increased construction activities, which are contributing significantly to the growth of the flame detector market in this region. China and Japan being the frontier markets for flame detectors in the APAC region, the steady growth of industries in these countries post the COVID-19 pandemic is expected to fuel the high growth rate in this region. China is projected to lead the flame detector market in APAC during the forecast period, followed by Japan and South Korea. The demand for flame detectors is expected to increase with technological and economic advancements. Moreover, the growing urbanization in this region has increased manufacturing activities, contributing significantly to the growth of the flame detector market. Governments in this region have laid down fire safety norms, and the flame detector market is expected to grow with the execution of these policies.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=213130921

Major players involved in the flame detector market include Halma (UK), Honeywell (US), Johnson Controls (Ireland), Siemens (Germany), United Technologies (US), Emerson Electric (US), Hochiki (Japan), MSA (US), Robert Bosch (Germany), Micropack Engineering (Scotland), Minimax Viking (Germany), Spectrex (US).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats 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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Flame Detector Market Growing at the Fastest Rate in APAC Region here

News-ID: 2452323 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for UV/IR

Global UV IR Cut Filter Market Size, Growth Rate, Industry opportunities 2025-20 …
Global Info Research's report offers key insights into the recent developments in the global UV IR Cut Filter market that would help strategic decisions. It also provides a complete analysis of the market size, share, and potential growth prospects. Additionally, an overview of recent major trends, technological advancements, and innovations within the market are also included.Our report further provides readers with comprehensive insights and actionable analysis on the market
Global Ambient Light, IR, UV Sensor Market Will Generate Record Revenue by 2028
This remarkable Ambient Light, IR, UV Sensor market report is the precise depiction of the whole market scenario. Studying potential deficits along with the issues encountered by major industries is possible through this report. It focuses on social, financial and economic elements related to the industry, which enhance the key players in their decision making. Comprehensive analysis of macro-economic indicators, governing factors and parent market trends along with market attractiveness
Ambient Light, IR, UV Sensor Market 2022 to 2027 - Global Analysis By Type, By A …
Ambient Light, IR, UV Sensor Market report means to offer a coordinated and orderly methodology for the major aspects that have influenced the market in the past and the forthcoming market prospects on which the organizations can depend before investing. It furnishes with a reasonable examination of the market for better decision-making and assessment to put resources into it. The report analyses the elements and a complete detailed outlook of
Ambient Light, IR, UV Sensor Market 2022 | Detailed Report
The Ambient Light, IR, UV Sensor research report undoubtedly meets the strategic and specific needs of the businesses and companies. The report acts as a perfect window that provides an explanation of market classification, market definition, applications, market trends, and engagement. The competitive landscape is studied here in terms of product range, strategies, and prospects of the market’s key players. Furthermore, the report offers insightful market data and information about
Ambient Light, IR, UV Sensor Market Expected to Deliver Dynamic Progression unti …
This research report on the global Ambient Light, IR, UV Sensor market is a result of highly scrutinized analysis of opinions and perspectives of the top market strategists, business leaders and executives such as CXOs and CEOs. The research report aims to shed light on the present investment strategies of the leading players in the global Ambient Light, IR, UV Sensor market and their vision for the potential business opportunities in the future.  Comminuted data
Global Ambient Light IR UV Sensors Market Growth, Analysis and Industry Forecast …
Ambient Light IR UV Sensors Market Industrial Growth on Ambient Light IR UV Sensors Market: Global Ambient Light IR UV Sensors Market is projected to display a modest growth represented by a CAGR of healthy during Forecast Period 2018-2022, on account of factors such as growing number of business & industry, Moreover, emerging markets have shown a remarkable growth in the recent years, this is anticipated to propel the demand for Ambient Light