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The flame detectors market share is expected to increase to USD 427.68 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.29%.
This flame detectors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers flame detectors market segmentation by product (single UV, single IR, dual UV/IR, triple IR, and multi IR) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The flame detectors market report also offers information on several market vendors, including Ciquirix, Electro Optical Components Inc., Emerson Electric Co., Fike Corp., Fire and Gas Detection Technologies Inc., Halma Plc, HOCHIKI Corp., Honeywell International Inc., Johnson Controls International Plc, Micropack Engineering Ltd., Minimax Viking GmbH, MSA Safety Inc., Optris GmbH, Raytheon Technologies Corp., Rezontech Co. Ltd., Robert Bosch GmbH, SENSE WARE Fire and Gas Detection BV, Siemens AG, Teledyne Technologies Inc., Trace Automation Pvt. Ltd., and API Group Corp. among others.
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The increase in the number of industry safety performance standards is notably driving the flame detectors market growth, although factors such as the weak global economic outlook may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the flame detectors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Flame Detectors Market Driver
One of the key factors driving growth in the flame detectors market during the forecast period is the increase in the number of industry safety performance standards. Industry safety performance standards play a crucial role when it comes to the development, implementation, and installation of flame detection systems. A number of industries, such as those involved in processing, manufacturing, storing or transportation of flammable materials, use flame monitoring systems for safety. The IEC 615111 standard (ANSI/ISA S84.01 in the US) is for the protection of industrial plants. The standard enlists all mandatory project activities, from the concept or definition phase to the decommissioning phase, which, in general, are necessary to ensure the functional safety of the equipment under control. Over the past few years, the implementation of the IEC 61511 and S84.01 standards for flame detection systems has become more stringent. An International Society of Automation (ISA) technical report, TR84.00.07, directed at providing guidance on the evaluation of the effectiveness of flame detection systems, is currently in draft review, which will further propel the growth of the market in focus.
Key Flame Detectors Market Trend
The integration of control and safety systems is a flame detectors market trend that is expected to have a positive impact in the coming years. With the growing population and industrialization across regions, there is a growing demand for energy sources resulting in increased exploration activities worldwide. The oil and gas, chemical, and petrochemical industries must maintain the quality of products by removing contamination and sulfur, besides ensuring plant safety. Thus, companies are integrating plant safety systems with process control to improve the integration of control and safety systems. With the integration of plant safety systems with process control systems, end-users can update various subsystems, such as UV detectors, to detect gas, flames, and smoke. The major player in the market, Honeywell, offers the Experion Process Knowledge System (PKS), which facilitates the integration of process control and safety systems and automation software. This trend is expected to increase the demand for flame detectors, which, in turn, will fuel the growth of the market in focus.
Key Flame Detectors Market Challenge
The weak global economic outlook will be a major challenge for the flame detectors market during the forecast period. The global flame detectors market is dependent on the manufacturing and industrial sectors for its sustenance, and the growth of these industries depends on the global economy. When the macroeconomy is strong, the global appetite for goods and services increases, thereby fueling the demand for different manufactured products. However, the COVID-19 pandemic had a severely negative impact on the global economy. The economic fallout of the pandemic is expected to be enormous in terms of the loss in production, income, and employment. The economic slowdown in emerging markets is perhaps the most critical of all the factors that affect the global economy and the demand for consumer goods. Such factors will affect the growth of industrialization globally, having a negative impact on the adoption of fame detectors, which, in turn, will fuel the growth of the market in focus.
This flame detectors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global flame detectors market as a part of the global electronic equipment and instruments market within the overall electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the flame detectors market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the flame detectors market encompasses successful business strategies deployed by the key vendors. The flame detectors market is fragmented and the vendors are deploying growth strategies such as expanding the market for flame detectors geographically and increasing production capacities by mergers and acquisitions to compete in the market.
hochiki.co.jp - The company offers flame detectors such as optical beam detectors and flame detectors under the brand Talentum.
hochiki.co.jp - The fire prevention business segment includes fire alarm systems and fire extinguishing systems.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The flame detectors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the flame detectors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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38% of the market’s growth will originate from North America during the forecast period. The US is the key market for flame detectors in North America. Market growth in this region will be faster than the growth of the market in the South American and MEA regions.
The increased focus of the National Fire Protection Association (NFPA) and Occupational Safety and Health Administration (OSHA) on implementing fire safety measures will facilitate the flame detectors market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The initiation of vaccination drives in 2021 in the region reduced the impact of COVID-19, and business activities are expected to be carried out at full capacity since the lifting of lockdowns. Companies manufacturing flame detectors have resumed manufacturing by following safety measures. However, the companies are still witnessing a shortage of semiconductors, which might have a negative impact on manufacturing operations.
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The flame detectors market share growth by the single UV segment will be significant during the forecast period. The main reason UV flame sensors are most preferred compared to other flame detectors is due to their fast response time which is less than a millisecond. The sensitivity of the device is around Pico watt/cm cube. The UV detector is the most flexible optical fire detector on the market, and it can be used for different purposes. Such factors will drive the growth of the segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the flame detectors market size and actionable market insights on post COVID-19 impact on each segment.
Flame Detectors Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.29% |
Market growth 2022-2026 |
$ 427.68 million |
Market structure |
Fragmented |
YoY growth (%) |
3.52 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 38% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Ciquirix, Electro Optical Components Inc., Emerson Electric Co., Fike Corp., Fire and Gas Detection Technologies Inc., Halma Plc, HOCHIKI Corp., Honeywell International Inc., Johnson Controls International Plc, Micropack Engineering Ltd., Minimax Viking GmbH, MSA Safety Inc., Optris GmbH, Raytheon Technologies Corp., Rezontech Co. Ltd., Robert Bosch GmbH, SENSE WARE Fire and Gas Detection BV, Siemens AG, Teledyne Technologies Inc., Trace Automation Pvt. Ltd., and API Group Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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