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Flame Detector Market Size, Share Analysis, Industry Trends, Growth And Global Forecast 2023-2032
Flame Detector Market Report
The Business Research Company's Flame Detector Global Market Report 2023 identifies rising human and property loss due to fire breakouts as the major driver for the flame detector market's growth in the forecast period. The human and property loss due to the outbreak of flame is increasing due to several aspects and flame detectors are used to avoid those incidents. Flame detectors use a variety of techniques to examine the light emitted at different wavelengths from a flame in order to identify actually visible flames within their range of view.
The global flame detector market is expected to grow from $1.74 billion in 2022 to $1.84 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The flame detector market is expected to grow to $2.25 billion in 2027 at a CAGR of 5.1%.
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Major competitors in the flame detector market are Siemens, Emerson Electric Co, Bosch Sicherheitssysteme GmbH, Honeywell International Inc., Johnson Controls.
A key trend in the flame detector market includes technology improvement. Major companies operating in the flame detectors market are developing innovative improvements to flame detectors such as internet of things (IoT) based, machine learning, voice alert systems, and others to sustain their position in the flame detectors market. For instance, in June 2021, Hyfire, a UK-based designer of wireless fire systems, launched EvacWireless centered on streamlining and assisting the fire and rescue operations in high-rise buildings. The system includes audio and visual alarm systems in each unit that provide unambiguous evacuation signals to residents, as well as evacuation alert control indicating equipment that can be managed by fire and rescue personnel. The Hyfire solution uses the EvacGo evacuation alert panel developed by MxPro 5 technology.
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The flame detector market is segmented -
•By Product: Single UV, Single IR, Dual UV/IR, Triple IR, Multi IR
•By Service: Managed Services, Support And Maintenance, Engineering Services, Other Services
•By Connectivity: Wired, Wireless
•By Industry: Oil And Gas, Energy And Power, Chemicals, Aerospace And Defense, Logistics, Mining, Automotive, Pharmaceuticals, Marine, Other Industries
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the flame detector market.
The Business Research Company's "Global Flame Detector Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Flame Detector Market Include:
1. Executive Summary
2. Flame Detector Market Characteristics
3. Flame Detector Market Trends And Strategies
4. Flame Detector Market - Macro Economic Scenario
5. Flame Detector Market Size And Growth
……
26. Africa Flame Detector Market
27. Flame Detector Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Flame Detector Market
29. Flame Detector Market Future Outlook and Potential Analysis
30. Appendix
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