Market Size –
The industrial cooking fire protection systems for food manufacturing market size has grown strongly in recent years. It will grow from $2.50 billion in 2023 to $2.65 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to an increase in demand for water mist suppression systems, an increase in the adoption of fire protection systems, an increase among business owners, and an increase in footfall in hotels and restaurants.
The industrial cooking fire protection systems for food manufacturing market size is expected to see strong growth in the next few years. It will grow to $3.38 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to rising awareness among residents, an increase in cloud kitchens, increasing demand for dining-out experiences, rising disposable incomes, and an increasing number of fire-related accidents. Major trends in the forecast period include technological advancements, the development of effective and reliable fire prevention systems, the integration of video image smoke detection systems, and increasingly investing in advanced fire suppression technologies.
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Scope Of Industrial Cooking Fire Protection Systems For Food Manufacturing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Industrial Cooking Fire Protection Systems For Food Manufacturing Market Overview
Market Drivers –
The increasing number of fire accidents is expected to propel the growth of industrial cooking fire protection systems for the food manufacturing market going forward. Fire accidents refer to incidents where fires cause harm or damage to people, property, or the environment. The rise in fire-related accidents can be attributed to inadequate fire safety measures, human errors in handling flammable materials, and electrical faults in infrastructure. Industrial cooking fire protection systems are essential for preventing and containing fires that may arise from cooking operations in commercial kitchens and food manufacturing facilities, enhancing safety and minimizing damage. For instance, in November 2023, according to the National Fire Protection Association, a US-based nonprofit organization, from 2021 to 2022, there was an 11.1% increase in the total number of fires, while direct property damage rose by 13.2% in 2022 compared to the previous year. Therefore, the increasing number of fire accidents is driving the growth of industrial cooking fire protection systems for the food manufacturing market.
Market Trends –
Major companies operating in the industrial cooking fire protection systems for the food manufacturing market are focusing on developing innovative products, such as residential kitchen fire protection systems, to prevent cooking fires from escalating and causing extensive damage. Residential kitchen fire protection systems are fire suppression systems designed to detect and suppress cooking-related fires in home kitchens, ensuring quick response to prevent property damage and enhance safety. For instance, in March 2023, Rotarex Firetec, a Luxembourg-based provider of fire protection solutions, launched a TRIPLESTAR residential kitchen fire protection system designed to safeguard homes against kitchen fires, a common cause of worldwide residential fires. The TRIPLESTAR system offers a comprehensive solution that includes a fire detection unit, an automatic fire extinguishing unit, and a manual activation unit, working together to provide a reliable and effective way to protect homes from kitchen fires. This residential kitchen fire protection system is a valuable investment for homeowners looking to safeguard their homes and loved ones from the devastating effects of kitchen fires. Its advanced technology and user-friendly design make it a reliable solution for domestic fire protection.
The industrial cooking fire protection systems for food manufacturing market covered in this report is segmented –
1) By Product: Fire Detection Systems, Flame Detectors, Smoke Detectors, Heat Detectors, Fire Management Systems, Fire Sprinkler Systems, Wet Pipe, Dry Pipe, Deluge, Other Products
2) By Services: Engineering Services, Installation And Design Services, Maintenance Services, Managed Services, Other Services
3) By End-User Industry: Hotels And Hospitality, Food Processing And Manufacturing, Institutional Kitchens, School Cafeterias, Hospitals, Other End-User Industries
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Regional Insights –
North America was the largest region in the industrial cooking fire protection systems for food manufacturing Market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial cooking fire protection systems for food manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the industrial cooking fire protection systems for food manufacturing market are Siemens AG, 3M Company, Johnson Controls International plc, Kidde-Fenwal Inc., Emerson Electric Co., Honeywell International Inc., Minimax GmbH & Co. KG, GENTEX Corporation, Halma plc, Chubb Fire & Security Ltd., Victaulic Company, Ansul Incorporated , Rotarex Firetec S.A., Fike Corporation, Viking Group Inc., Gielle Industries S.p.A., Koetter Fire Protection LLC, Marioff Corporation Oy, Amerex Corporation, Tyco Fire Products LP, Hochiki America Corporation, Protex Central Inc., Firetrace International LLC, United Technologies Corporation, Flamex Inc., Fogmaker International AB
Table of Contents
1. Executive Summary
2. Industrial Cooking Fire Protection Systems For Food Manufacturing Market Report Structure
3. Industrial Cooking Fire Protection Systems For Food Manufacturing Market Trends And Strategies
4. Industrial Cooking Fire Protection Systems For Food Manufacturing Market – Macro Economic Scenario
5. Industrial Cooking Fire Protection Systems For Food Manufacturing Market Size And Growth
…..
27. Industrial Cooking Fire Protection Systems For Food Manufacturing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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