The Flame Detector Market is expected to reach $3,872.62 million at a CAGR of 6.28%
Asia Pacific to have a major share in the Flame Detector Market
Asia Pacific dominates the Flame Detector Market during the forecast period. It is expected to reach $1,524.80 million by 2023 at a CAGR of 7.58%. The adoption of flame detectors in various industries is due to the growing concerns of employees and enterprise infrastructure from fire accidents. China, Japan, and Southeast Asia are the growing regions for flame detectors. North America and Europe also have a considerable share in the Flame Detector Market due to the increasing acceptance of employee safety concerns. The South East Asian Flame Detector is also expected to grow due to the adherence to security norms, reduction in product prices, and product awareness among people.
Selected Analysis done in the full Report
The oil and gas segment is expected to dominate the Flame Detector Market in the coming years. It is expected to reach $2,137 million at a CAGR of 9.02% by 2023. Oil refineries, processing plants, pipelines, and storage farms produce combustible and toxic gases. These gases cause a hazardous condition to the personnel who work in the area without proper protection. Hence, it is important to have monitoring systems like flame detectors that can monitor a facility’s conditions. The flame detector sensor can minimize these risks and monitor the requirements of equipment.
Excerpts on Market Growth Factors
- Flame detectors are used in industries such as mining, oil & gas, aerospace, mining, and automotive.
- The need for fire protection in commercial buildings drives the growth of the optical flame detector.
- Increasing government policies and regulations will drive the demand for the fire detection system.
Key players of the Flame Detector Market
Honeywell International, Siemens AG, Emerson Electric and United Technology Corporation dominate the Flame Detector Market. Honeywell International manufactures products such as SSX Flame Detector and FSX Flame Detector. Siemens headquartered in Germany manufactures 40/40 series detectors and 20/20 mini series detectors. Emerson Electric provides services to industrial, consumer, and commercial markets. United Technology released a fire detector known as X3301 Multispectrum Infrared Flame Detector. It is regarded as the best detector in fire protection.
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