Flame Detectors Market size to exceed USD 3 billion by 2024

1
Flame Detectors Market size with 6 CAGR
expectations over the forecast period to reach
USD 3 billion by 2024
Fuel Cell Market size worth 25.5bn by 2024
2
Regional Analysis of Flame Detectors Market

• U.S. flame detectors market share is forecast to
  witness considerable growth over the forecast
  timeline. This is mainly on account of presence
  of large number of industries across the region.
• Asia Pacific flame detectors market is likely to
  exhibit substantial growth prospects owing to
  rising adoption of these products across the
  region.
• Growth in the region can be attributed to
  increasing awareness regarding safety and
  security offered by these devices.

3

• Application Analysis of Flame Detectors Market
• The flame detectors market share can be
  segregated into single IR, single UV, dual IR/UV,
  Multi IR, visible sensors, triple IR (IR3) and
  multi IR. IR3 or Triple IR types may experience
  potential growth prospects owing to its high
  range detection capability when compared to
  others such as single IR.
• the flame detectors market share can be
  segregated into single IR, single UV, dual IR/UV,
  Multi IR, visible sensors, triple IR (IR3) and
  multi IR. IR3 or Triple IR types may experience
  potential growth prospects owing to its high
  range detection capability when compared to
  others such as single IR. UV detectors are
  expected to find in prominence in indoor
  applications due to its high precision for
  detecting organic as well as inorganic flames.
• These devices function well when exposed to
  sunlight and are ideal for indoor applications.
  Furthermore, advent of technically advanced
  products such as multi IR and triple IR (IR3) are
  forecast to witness tremendous growth prospects
  owing to inbuilt false alarm detection systems.

4
Competitive Market Share of Flame Detectors
Market

• Major manufacturers in flame detectors market
  include Honeywell, Siemens, General Monitors,
  Johnson Controls. Other prominent partners are
  Emerson, Det-tronics, Electric, Micropack,
  Spectrex, Simtronics ASA, United Technologies
  Corporation, Tyco, and Bosch.
• The industry has witnessed frequent mergers
  acquisitions and new product development in order
  for manufacturers to maintain competitive edge.
  Industry players focus on expanding their
  presence into emerging markets such as Asia and
  Africa.
• Growing focus on developing improvised products
  with attributes such as robust, easy to install
  and fast response rate with wide angle detection
  capability will catalyze the industry demand from
  2016 to 2024.

5

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