01-Oct-2024 | Zion Market Research
As per analysts at Zion Market Research, the global Flame Detector Market, estimating its value at USD 1792.3 Million in 2023, with projections indicating that it will reach USD 2964.98 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.2% over the forecast period 2024-2032. The surged awareness regarding safety in industry verticals, strict administrative norms among several other aspects are catalyzing the expansion of the flame detector market. A flame detector is a kind of sensor that is chiefly designed to detect, identify, and respond to the incidence of a fire or flame. The installation of the flame detectors has a major role in the whole process of recognizing a flame of fire. Following the detection of the flame or fire, the detector mostly sounds an alarm; disables the fuel line, and also stimulates the fire suppression system. The flame detectors are very faster and sense a flame or fire more accurately compared to the heat or smoke detector duet the methods it applies to identify the fire.
Some of the key players in the market are Robert Bosch GmbH, Honeywell International Inc., Tyco International PLC, Siemens AG, Johnson Controls, MSA Advanced Detection, LLC, and Emerson Electric Co.
Rising Adoption Of Flame Detectors In Various Industries To Spur The Global Flame Detector Market
The rising popularity and implementation rate of flame detectors in various industries, including oil & gas, mining, transportation, manufacturing, and retail, are considered as major drivers for the market. The key application areas of the flame detectors are industrial drying & heating system, domestic heating system, and gas-fueled cookers. The administrative rules and regulations for workplace safety are the main aspects stimulating the growth of the flame detectors market. The augmenting installation of flame detectors in factories, enterprises, and companies is another chief driver for the market. High installation & maintenance prices with the shorter lifespan of flame detectors are some of the limitations on the market, which are likely to impact the expansion of the market in the forecasted period. Nevertheless, applications in the paper & printing industry are one of the potential areas in the market.
The global flame detectors market is bifurcated on the basis of the product, industry, service, and regional analysis. Based on the product, the market is divided into single UV, single IR, multi IR, dual IR or UV, and others. Based on the industry, the market is divided into hospitality & travel, BFSI, transportation & logistics, healthcare, retail, manufacturing, oil & gas, mining, and others. Based on the service, the market is divided into managed services, support & maintenance, engineering services, and others.
The Asia Pacific Region To Witness Major Growth In The Global Flame Detector Market
Based on the geographical analysis, the global flame detector market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region dominated the flame detectors market during 2016 in terms of revenue. Europe and North America followed the Asia Pacific in regards to market share in the global market. China is the chief contributor to the Asia Pacific market owing to its technological development in the field of flame detectors. Japan, India, Taiwan, and South Korea followed China with regards to market share across the Asia Pacific. The rising industrialization and surging adoption rate of flame detectors in various manufacturing factories and the oil & gas segment are key factors boosting the development of the market.
Browse the full “Flame Detector Market - By Product (Single UV, Single IR, Multi IR, Dual IR Or UV, and Others), By Industry (Hospitality & Travel, BFSI, Transportation & Logistics, Healthcare, Retail, Manufacturing, Oil & Gas, Mining, and Others), By Service (Managed Services, Support & Maintenance, Engineering Services, and Others), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/flame-detector-market
The global flame detector market is segmented as follows:
Based on the product:
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