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Flame Detectors Market Research by Industry Size 2020 – CAGR with Growth Analysis, Top Key Players, Industry Size and Forecast to 2024 – Industry Research.co

Flame Detectors

Flame Detectors Market” offers a detailed analysis of the competition and leading companies of the global Flame Detectors market. Here, it concentrates on the recent developments, sales, market value, production, gross margin, and other important factors of the business of top players operating in the global market. Flame Detectors Market is comprehensively prepared with the main focus on the competitive landscape, geographical growth, segmentation, and market dynamics, including drivers, restraints, and opportunities. It sheds light on key production, revenue, and consumption trends so that players could improve their sales and growth in the Global Flame Detectors Market.

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Market Overview:

  • The flame detectors market is expected to register a CAGR of around 6% over the forecast period (2019 – 2024). Flame detectors are witnessing multiple applications in a variety of environments ranging from industrial heating and drying systems, industrial gas turbines, to petrochemical oil and gas facilities. They are reducing the risk in a given environment by quickly detecting an unwanted flame.
  • – Increasing awareness about safety across different industry verticals such as manufacturing, oil & gas, mining among others is boosting the growth of the flame detectors market.
  • – Growing exploration of new mining sites is fueling the need for flame detectors. Additionally, the newly formed safety regulations for hazardous areas are getting more stiffer & the need for comprehensive flame detector solutions across diverse sectors are the factors expected to augment the market’s growth.
  • – In recent years, communication, video image processing, and data storage power technology have developed rapidly and are readily available and easy to implement. They will contribute to the next generation of flame detection systems and products over the forecast period.

    Flame Detectors Market Manufacturer Segment Analysis:

  • Honeywell International Inc.
  • Siemens AG
  • Bosch Security Systems B.V. (Robert Bosch GmbH)
  • Emerson Electric Co
  • United Technologies Corporation
  • MicroPack Engineering Ltd.
  • Johnson Controls International PLC
  • Simtronics ASA
  • 3M Co
  • MSA Safety Incorporated

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    Key Market Trends:

    Oil & Gas End-user Industry is to Hold a Major Share

    – Many Oil & Gas installations, especially oil rigs and floating production storage and offloading (FPSOs), are located in areas where there are very harsh weather conditions, such as the North Sea. Weather conditions can reach extremes with very low temperatures, strong winds, ice, and snow. In these environments, flame detectors have been installed.
    – For instance, The Skarv Oil Field, located between the Norne field and Heidrun, and the Schiehallion Oil Field are both located in the North Sea where these extremes prevail. Similarly, oil fields and facilities in the Prudhoe Bay area in Alaska are facing tough conditions.
    – To meet the safety requirements of these facilities, flame detectors can be installed to offer fast and reliable fire detection under these harsh conditions. These flame detectors can work at the highest levels in spite of extreme conditions, remaining unaffected by the different climates and offering a constantly high level of performance.

    North America is to Hold a Significant Share

    – North America is expected to be a major contributor to the growth of the market. The United States plays a key role in proliferating the demand from the region when compared to Canada. The country has an increasing demand from almost all the end-user segments, especially from the oil and gas, energy and power segments.
    – Moreover, some of the key vendors of the market are located in the region which adds to the growth of the market. Some of them include Honeywell International Inc., Emerson Electric Co., United Technologies Corporation and Spectrex, Inc.
    – With the United States Department of the Interior (DoI) planning to allow offshore exploratory drilling in about 90% of the Outer Continental Shelf (OCS) acreage, under the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program) for 2019-2024, oil and gas sector in the region is expected to open up new opportunities to the market.
    – Additionally, Canada has one of the most active mining industries in the world. According to the Mining Association of Canada, the country ranks in the top five members in the global production of 13 major minerals and metals including potash, uranium, nickel, cobalt, aluminium, diamonds, titanium and gold. All the above developments in both countries are expected to boost the market’s growth in the region.

    Reasons to Purchase this Report:

    • Current and future global Flame Detectors market outlook in the developed and emerging markets.
    • Analyzing various perspectives of the market, with the help of Porter’s five forces analysis.
    • The segment that is expected to dominate the market.
    • The regions that are expected to witness the fastest growth during the forecast period.
    • Identify the latest developments and strategies employed by the major market players.

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    Detailed TOC of Flame Detectors Market – Segmented by Geography – Growth, Trend, and Forecast:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Number of Safety Regulations for Hazardous Areas
    4.3.2 Growing Adoption of Flame Detectors across Diverse Industry Sectors such as Oil & Gas, Manufacturing and Energy and Power
    4.4 Market Restraints
    4.4.1 High Installation and Maintenance Costs
    4.5 Industry Attractiveness – Porter’s Five Force Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry
    4.6 Value Chain Analysis

    5 Technology Snapshot
    5.1 Single IR
    5.2 Single UV
    5.3 Dual UV/IR
    5.4 Triple IR

    6 MARKET SEGMENTATION
    6.1 By End-user Industry
    6.1.1 Manufacturing
    6.1.2 Oil & Gas
    6.1.3 Mining
    6.1.4 Energy & Power
    6.1.5 Other End-user Industry
    6.2 Geography
    6.2.1 North America
    6.2.2 Europe
    6.2.3 Asia-Pacific
    6.2.4 Rest of the World

    7 COMPETITIVE LANDSCAPE
    7.1 Company Profiles
    7.1.1 Honeywell International Inc.
    7.1.2 Siemens AG
    7.1.3 Bosch Security Systems B.V. (Robert Bosch GmbH)
    7.1.4 Emerson Electric Co
    7.1.5 United Technologies Corporation
    7.1.6 MicroPack Engineering Ltd.
    7.1.7 Johnson Controls International PLC
    7.1.8 Simtronics ASA
    7.1.9 3M Co
    7.1.10 MSA Safety Incorporated

    8 INVESTMENT ANALYSIS

    9 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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