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Flame Detector Market 2024-2033: Future Outlook, Global Trends, Industry Share And Top Key Players

05-03-2024 09:34 AM CET | IT, New Media & Software

Press release from: The Business Research Company

Flame Detector Market

Flame Detector Market

The flame detector market size has grown strongly in recent years. It will grow from $1.85 billion in 2023 to $1.96 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to emergency response optimization, integration with fire safety systems, enhanced sensitivity and false alarm reduction, urbanization and infrastructure development, oil and gas industry growth.

The flame detector market size is expected to see strong growth in the next few years. It will grow to $2.42 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to integration with smart building systems, focus on false alarm reduction, urban development and construction, expansion of oil and gas operations, environmental concerns and regulations. Major trends in the forecast period include customization and adaptability, focus on remote monitoring and control, environmental sustainability, wireless connectivity and mobility, miniaturization and compact designs.

Market Overview -
A flame detector is a sensor that detects and responds to the presence of a fire. It can be directly linked to an alarm system or an automatic fire extinguishing system, which uses ultraviolet and infrared sensors to search for radiation emitted by a flame. It helps to determine the smokeless liquid and smoke capable of starting an open fire.

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Human And Property Losses From Fires Drive Demand For Flame Detectors
Rising human and property loss due to fire breakouts is expected to propel the growth of the flame detector going forward. 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 to identify visible flames within their range of view. For instance, in May 2023 According to the National Fire Protection Association (NFPA), fire departments respond to over 350,000 home structure fires a year nationwide, causing almost $7 billion in direct damage. Therefore, rising human and property loss due to fire breakouts is driving the growth of the flame detectors market.

Competitive Landscape -
Major companies operating in the flame detector market report are Siemens AG, Emerson Electric Co., Bosch Sicherheitssysteme GmbH, Honeywell International Inc., Johnson Controls International PLC, Spectrex Corporation, MSA Safety Incorporated, Hochiki Corporation, Fike Corporation, Rezontech Co Ltd., Teledyne Technologies Incorporated, SENSE-WARE, Ciqurix Ltd., Viking GmbH & Co. KG, Optris GmbH, Det-Tronics, MicroPack Engineering Ltd., Simtronics ASA, Minnesota Mining and Manufacturing Company, Tyco Fire Protection Products, United Technologies Corporation, Kidde-Fenwal Inc., Fire Sentry Corporation, Apollo Fire Detectors Ltd., Net Safety Monitoring Inc., Riken Keiki Co. Ltd., Zeta Alarm Systems, Tecnoalarm S.r.l., Crowcon Detection Instruments Ltd., Sierra Monitor Corporation

Flame Detectors Embrace Technological Advancements To Enhance Fire Safety
Technology improvement in flame detectors is the key trend gaining popularity in the flame detector market. 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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Key Segments -
The flame detector market covered in this report is segmented -
1) By Product: Single UV, Single IR, Dual UV/IR, Triple IR, Multi IR
2) By Service: Managed Services, Support And Maintenance, Engineering Services, Other Services
3) By Connectivity: Wired, Wireless
4) By Industry: Oil And Gas, Energy And Power, Chemicals, Aerospace And Defense, Logistics, Mining, Automotive, Pharmaceuticals, Marine, Other Industries

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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