The Flame Detector Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Flame Detector Global Market Report 2024, 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..
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.
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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
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.
The flame detector market report table of contents includes:
1. Executive Summary
2. Flame Detector Market Characteristics
3. Flame Detector Market Trends And Strategies
4. Flame Detector Market – Macro Economic Scenario
…
31. Global Flame Detector Market Competitive Benchmarking
32. Global Flame Detector Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Flame Detector Market
34. Flame Detector Market Future Outlook and Potential Analysis
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