Global Fire Protection Equipment Market for Wind Power Systems 2017-2021

Overview of the global fire protection equipment market for wind power systems

Market research analysts at Technavio predict that the global fire protection equipment market for wind power systems will grow at a CAGR of around 10% by 2021. This market research analysis identifies the decline in LCOE of wind power generation as one of the primary growth factors for this market. Levelized cost of electricity (LCOE) is declining due to various factors such as fall in wind turbine cost, operation and maintenance costs, low cost of financing, and rising turbine supplies. With the decline in installation costs and advances in technology that result in innovative designs, there is a growth in wind power capacity across the world. This increasing installation of wind turbines results in the rising demand for the installation of fire protection equipment in turbines to prevent fire accidents.

The increase in wind turbine dimensions is one of the key trends behind the growth of the fire protection equipment market for wind power systems. Advances in technology and blade design are the main factors leading to the increase in wind turbine output and capacity as increasing the diameter increases the output. Increasing the length of the tower results in increasing the cost of the project. Moreover, the increasing size of the rotor and blade increases the chances of the components catching fire and this triggers the need for active fire protection since they can be easily deployed and operated.

Competitive landscape and key vendors

The fire protection equipment market for wind power systems is highly competitive and consists of few key players competing based on price, quality, and market presence. The fire protection equipment manufacturers are constantly innovating their products to cater to the growing needs of the customers. The vendor performance in the fire suppression systems market for wind turbines is affected by the increasing product extensions and technological innovations. To enhance their market shares and improve their market positions, vendors focus on acquiring or partnering with other vendors in the fire protection equipment market for wind power systems.

The leading vendors in the market are -

• Firetrace
• Minimax
• Siemens
• WAGNER Group
• Wärtsilä SAM Electronics

The other prominent vendors in the market are Bulldog Turbine Systems, Delta Fire, Interstate Fire Protection, and Levitt-Safety.

Segmentation by application and analysis of the fire protection equipment market for wind power systems

• Offshore
• Onshore

Owing to the lower requirement of capital, there is a rise in the onshore installation projects. This will demand the need for fire protection systems to protect inhabitants and prevent fire accidents. According to this market research report, the onshore application segment will account for the major shares of the fire suppression systems market for wind turbines throughout the forecast period.

Geographical segmentation and analysis of the fire protection equipment market for wind power systems

• Americas
• APAC
• EMEA

In terms of geographic regions, EMEA will be the major revenue contributor to the fire suppression systems market for wind turbines throughout the forecast period. Governments in this region are steadily encouraging investors in this market to curb and control the rising fire accidents, which will be a major factor contributing to the growth of the fire protection equipment market for wind power systems in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global fire protection equipment market for wind power systems?
• What are the key market trends impacting the growth of the global fire protection equipment market for wind power systems?
• What are the challenges to market growth?
• Who are the key vendors in the global fire protection equipment market for wind power systems?
• What are the market opportunities and threats faced by the vendors in the global fire protection equipment market for wind power systems?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global fire protection equipment market for wind power systems?

Technavio also offers customization on reports based on specific client requirement.

Fire protection systems for wind power systems help detect fires in wind turbines and automatically extinguishes them. Such systems use nitrogen, an inert gas, to fight fires and operate on the principle of oxygen displacement. Our upcoming market research report on the global fire protection equipment market for wind power systems is an essential part of Technavio’s energy portfolio and offers insights into niche segments like the power.

According to our market research analysts, the 21st century has witnessed a recent boom in technological innovations, which has subsequently resulted in the high demand for power from various industries. The power industry is in a state of flux as the fossil fuel reserves are declining and are influencing energy security concerns. Our industry analysis and competitive analysis solutions help clients understand how the increase in energy security concerns is envisioned to influence the demand for alternative energy sources.

To accurately estimate the growth of the global fire protection equipment market for wind power systems, the market research analysts at Technavio follow a thorough approach to primary and secondary research and analyze the data collected from various sources including industry experts, research journals, and manufacturers. Moreover, to offer clients insights into the competitive landscape, this market report on the global fire protection equipment market for wind power systems also covers vendors like Siemens, Firetrace, Minimax, Wagner, and Wartsila SAM Electronics. Our market research analysts believe that the growth in the wind energy industry, which is strongly influenced by the rising environmental concerns and increased power demand, may affect the global demand for fire protection equipment market for wind power systems.

This upcoming market research report on the global fire protection equipment market for wind power systems also identifies the key influencers, the emerging trends, and the pain points faced by the vendors in the power sector. Additionally, to give a realistic picture of the industry’s growth prospects, the report also provides detailed insights on the changing competitive landscape and the policies followed by the major players to establish their presence in the global market. Additionally, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global fire protection equipment market for wind power systems also covers geographies like the Americas, APAC, and EMEA.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.