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Opportunities and Growth of Flame Detector Market

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Flame Detector Market with COVID-19 Impact, by Product (Single UC, Single IR, Dual UV/IR, Triple IR, Multi IR), Industry (Oil & Gas, Energy & Power, Chemicals, Aerospace & Defense, Logistics) and Region - Global Forecast to 2026 – PowerPoint PPT presentation

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Title: Opportunities and Growth of Flame Detector Market


1
MarketsandMarkets Presents

Opportunities and Growth of Flame Detector
Market Flame Detector Market with COVID-19
Impact, by Product (Single UC, Single IR, Dual
UV/IR, Triple IR, Multi IR), Industry (Oil Gas,
Energy Power, Chemicals, Aerospace Defense,
Logistics) and Region - Global Forecast to
2026 https//www.marketsandmarkets.com/Market-Rep
orts/flame-detector-market-213130921.html
2
The flame detector market size is expected to
grow from USD 1.6 billion in 2020 to USD 2.0
billion by 2026 at a CAGR of 4.2 from 2020 to
2026. Policies, regulation, and government
initiatives, rising adoption of wireless
technology in flame detection systems, and
increasing human property loss due to fire
breakouts are some of the major factors driving
the growth of the flame detector
market. Browse 157 market data Tables and 54
Figures spread through 202 Pages and in-depth TOC
on "Flame Detector Market with COVID-19 Impact -
Global Forecast to 2026"
3
Flame detector market for dual UV/IR to grow at
a higher CAGR during forecast period The market
for dual UV/IR is expected to grow at the highest
CAGR during the forecast period. This growth can
be attributed to its ability to detect both UV
and IR spectrums of radiations, thus increasing
the span of its fire detection abilities. The
increasing demand for improved safety and
reduction in the failure of fire detection is
expected to fuel the market for dual UV/IR flame
detectors. A combination of UV and IR technology
is quite popular for flame detection as the
detector can collect information from both the UV
side and the infrared side. UV/IR flame detectors
offer increased immunity compared with UV
detectors, operate at moderate speeds of
response, and are suited for both indoor and
outdoor use, especially for industrial
applications. Ask PDF Brochure https//www.mark
etsandmarkets.com/pdfdownloadNew.asp?id213130921
Flame detector market for pharmaceutical
industry is expected to grow at highest CAGR
during forecast period The market for
pharmaceutical industry is expected to capture
the highest CAGR during the forecast period. The
high growth rate is driven by the need to
safeguard human lives and properties, as well as
avoid production halt in the vertical. The recent
COVID-19 pandemic has resulted in heavy
investments in the pharmaceuticals industry.
Thus, the growth of this industry is expected to
fuel the growth of the flame detector market for
the pharmaceuticals industry.
4
APAC to be fastest-growing flame detector market
during forecast period APAC is expected to be the
fastest-growing market for flame detector.
Growing urbanization has increased construction
activities, which are contributing significantly
to the growth of the flame detector market in
this region. China and Japan being the frontier
markets for flame detectors in the APAC region,
the steady growth of industries in these
countries post the COVID-19 pandemic is expected
to fuel the high growth rate in this region.
China is projected to lead the flame detector
market in APAC during the forecast period,
followed by Japan and South Korea. The demand for
flame detectors is expected to increase with
technological and economic advancements.
Moreover, the growing urbanization in this region
has increased manufacturing activities,
contributing significantly to the growth of the
flame detector market. Governments in this region
have laid down fire safety norms, and the flame
detector market is expected to grow with the
execution of these policies. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id213130921 Key Market
Players Halma (UK), Honeywell (US), Johnson
Controls (Ireland), Siemens (Germany), United
Technologies (US), Emerson Electric (US), Hochiki
(Japan), MSA (US), Robert Bosch (Germany),
Micropack Engineering (Scotland), Minimax Viking
(Germany), Spectrex (US) are among a few major
players operating in the flame detector market.
5
Johnson Controls has recently started
concentrating on its core business by acquiring
non-profit companies. This has helped the company
grow its revenue and expand its presence in
emerging markets, including India, China, and a
few countries in the Middle East and Latin
America. Johnson Controls offers fire detection
and alarm systems, and fire response systems. The
fire detection and alarm systems provided by the
company are fire alarm panels and fire alarm
peripheral devices such as detectors, sounders,
and manual call points. Fire response systems
include mass notification devices. Tyco was
acquired by Johnson Controls to form Johnson
Controls (US) after the spin-off of the
automotive seating company Adient plc (Ireland).
After the merger, Johnson Controls became a
leading provider of building and energy storage
solutions and services. Honeywell is one of the
leaders in the fire protection market with strong
international recognition. Key factors
contributing to its market leadership include a
well-positioned product portfolio, strong brand
name internationally, customer retention, and
global presence. Honeywell takes advantage of its
ability to leverage collaborations across diverse
operations in home and building automation
solutions, especially in the fire and security
segment. For instance, the company is
collaborating with Huawei Technologies (China) to
develop smart building offerings using IoT to
improve the building intelligence by providing
functions such as access control, intrusion
monitoring, and fire detection. Honeywell also
focuses on various strategic acquisitions to
become the premier technology and manufacturing
company with a better-positioned portfolio.
6
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7
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