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The fire and gas detection system market is estimated to grow by USD 2,504.37 million between 2022 and 2027 and the size of the market is forecast to increase at a CAGR of 3.54%. The growth of the market depends on several factors, such as the rising production of shale gas, a rise in emphasis on ensuring the safety of workers across end-user industries, and an increase in the number of industry safety performance standards.
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Our analysis of the adoption life cycle of the market indicates its movement between the innovator’s stage and the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.
Global Market Customer Landscape
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
Key Driver
One of the key factors driving growth in the market is the rising production of shale gas. Due to the glut of supply, it introduced into the market, which eventually resulted in price drops, shale gas has altered the global structure of oil and gas energy. Unlike conventional petroleum gas, shale gas investigation transmits bigger measures of methane and consequently, has a higher ozone-depleting substance impression. CH4 isn't simply destructive to the climate but additionally a wellspring of blast risks.
Moreover, the rise in shale gas production from countries such as the US, Russia, Iran, Qatar, Canada, China, Norway, and Saudi Arabia has raised the scope for the adoption of gas detection products and solutions. Besides, the growing urge to minimize casualties and an increasing number of government mandates have given rise to the adoption of the latest safety tools in the shale gas manufacturing processes, to their functional benefits. Hence, increasing shale gas production will drive the global market.
The advent of 3D fire and gas mapping tools is the primary trend in the global market. One of the most recent technological advancements in the field of safety instrumentation systems is the appearance of the software tool for 3D fire and gas mapping. The oil and gas, chemical, and petrochemical industries, among other end-user industries, are rapidly adopting this tool. The execution of the 3D fire and gas planning device in a modern arrangement helps streamline the number and area of F&G finders. A unit of United Technologies called Detector Electronics offers a 3D fire and gas mapping tool for industries that require a higher level of protection and safety.
Moreover, some key features offered by the 3D fire and gas mapping software are they are fully 3D flame and gas detection assessments, fully configurable and compliant with every oil and gas design methodology, and coverage optimization resulting in a safe and compliant fire and gas detection design. The results can be presented in 2D or 3D formats, whichever provides the most insight. Therefore, the implementation of the 3D fire and gas mapping tool in an industry helps in the optimization of the number of F&G detectors, which will drive the growth of the market in focus during the forecast period.
The high maintenance cost will be a major challenge for the market during the forecast period. The ongoing advances in nanotechnology and the availability of faster Internet have enhanced the functions of F&G detection systems. However, these systems need periodic maintenance and an around-the-clock monitoring system. This system alone costs an average of USD 1,000 for installation, excluding the maintenance contract and other services involved in the building or plant.
Moreover, in certain cases, these systems may detect ambient gases that are harmless and result in a false alarm owing to an error in the calibration. There have been more where in the actual damage from false alarms also activations have been greater than the initial cost of activating unnecessary fire emergency procedures. Unacceptable false alarm rates result in a loss of credibility in the safety system. This has negatively affected the adoption of these systems by industries. Also, manufacturers of F&G detection systems may take advantage of creating a vendor lock-in situation by offering systems that can only be serviced by them, which will hinder the growth of the market in focus during the forecast period.
Players are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd.: The company offers CO detectors in its home automation system, Alarm Stick.
Dragerwerk AG and Co. KGaA: The company offers Drager Polytron 7000, Drager Polytron 2000, Drager PIR 7000, Drager Flame 5000.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The oil and gas segment will account for a major share of the market's growth during the forecast period.?The oil and gas segment includes oil refineries, processing plants, pipelines, LPG/LNG plants, and offshore and onshore drilling and exploration and production (E&P) platforms which have a wide range of hazardous, combustible, and toxic gases. Besides, the industry involves tank farms, storage areas, and loading/unloading operations of oil and gas which are easily exposed to fire and explosion. Hence, it is mainly necessary for this industry to adopt F&G detection systems to protect employees, plant assets, and the environment.
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The oil and gas segment was valued at USD 3,641.40 million in 2017 and continued to grow until 2021. The global market in the oil and gas industry is expected to show significant growth due to factors such as the ongoing exploration of new oil and gas fields and refinery units and growing expansions in onshore and offshore production activities. Moreover, in APAC, the industry is estimated to rise during the forecast period, owing to the increasing demand for automobiles and, subsequently, the rising need for petrol and diesel. Hence, these factors are expected to drive the growth of the global market during the forecast period.
Based on type, the market has been segmented into wired and wireless. The wired segment will account for the largest share of this segment.?Wired systems involve physical cables to transmit data between the different components of the system. These systems are mainly used in large industrial facilities, such as oil refineries, chemical plants, and power plants. In addition, where the distances between the different components of the system are too high for wireless communication to be reliable. However, the installation of wired systems is more expensive as compared to wireless systems, which also require more maintenance over time. Altogether, wired systems are often used in large industrial facilities because of their ability to transmit data over long distances which will help to drive the growth of the segment during the forecast period.
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APAC is estimated to contribute 60% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. In APAC, industries like oil and gas, chemical and petrochemical, and power generation are adopting wireless fire and gas detection products and solutions. The key factors for the market in APAC are the development of IoT and remote monitoring devices. Manufacturing from Asian manufacturers is expected to show a rapid growth rate during the forecast period due to the increase in the installation of gas pipelines. The original equipment manufacturers and manufacturers from the US and Western European countries are making partnerships with local or regional players, due to the industrial need for providing better safety and cost-effective wireless gas detection in APAC.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027.
The Market is crucial for ensuring safety in commercial and industrial settings, where the risk of gas leaks and fires is high. These systems use sensors and control panels to provide early warning of potential hazards, protecting both individuals and vital infrastructure.
Industries such as the petrochemical, manufacturing, and power generation sectors rely on these systems to comply with safety standards and mitigate industrial hazards. Technological advancements, including sensor technology and smart analytics, have enhanced the capabilities of these systems, with AI-based systems providing advanced monitoring and control.
Cloud and IoT Platforms enable centralized data analysis and predictive maintenance, improving sustainability through eco-friendly solutions that reduce emissions and optimize resource usage. Major players in the market, such as Ace Matrix, Emerson Process Management, and Tyco International, offer a range of AI-powered systems and energy-efficient designs using recycled materials to meet the growing demand for safety and sustainability.
Fire and Gas Detection System Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.54% |
Market growth 2023-2027 |
USD 2,504.37 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
2.89 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 60% |
Key countries |
US, China, India, Germany, and Russia |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Agilent Technologies Inc., Carrier Global Corp., Dragerwerk AG and Co. KGaA, Emerson Electric Co., Engineering for Science and Industry Malta Ltd., Enmet LLC, GIL Automations Ltd., Halma Plc, HIMA Paul Hildebrandt GmbH, Honeywell International Inc., Johnson Controls International Plc, Kongsberg Gruppen ASA, MSA Safety Inc., Omega Integration Pte Ltd., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Teledyne Technologies Inc., and Yokogawa Electric Corp. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and 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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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