Global Industrial Fire Safety Equipment Market 2016-2020
About Fire Safety
Fire safety is a combination of practices intended to check the destructive potential of fire. Fire prevention methods include those that aim to prevent the triggering of an unrestrained fire as well as those that are employed to limit the spread and consequences of a fire after it erupts. Industrial fire prevention specializes in protecting industrial manufacturing processes, pneumatic and mechanical conveyors, and dust collection systems from combustible dust fires and explosions.
Technavio’s analysts forecast the global industrial fire safety equipment market to grow at a CAGR of 7.25% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial fire safety equipment market for 2016-2020. To calculate the market size, the report considers the average unit price of the fire extinguisher, the overall global shipments of fire extinguishers and the average individual component price of a fire alarm system.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Fire Safety Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global industrial fire safety equipment market: Honeywell, Johnson Controls, Robert Bosch, Siemens, and Tyco.
Other Prominent Vendors in the market are: ANAF, Britannia Fire, Buckeye, Fire Fighter, ILT Industrie-Luftfiltertechnik, Larsen's Manufacturing, Safex, Supremex, and Tian Guang.
Commenting on the report, an analyst from Technavio’s team said: “In today’s scenario, about seven billion devices are interlinked through the Internet. In the next ten years, the number of devices connected to the Internet may increase to about 30 billion. Such developments have a huge impact virtually on every industry. The integration of devices through IoT helps to enhance safety, reduce cost and streamline operations, and helps in proper reporting and documentation. The push for integrating building systems, diverse technologies, and the Internet of Things (IoT) has evolved as a significant trend in many sectors now.”
According to the report, redefined industrial safety codes and regulations will be a key driver for market growth. The development of new codes is in the process of initiation in many industries to ensure the safety of the work environment. The first step in such a development is conducting rigorous fire protection and operational analysis. The National Fire Protection Association (NFPA) is a US-based agency that coordinates with the community for fire protection to improve the efficiency of firefighters and provides a clear understanding of real-life fire accident scenarios. By doing so, the agency aims to develop the tactics and procedures needed for safe operations during accidents.
Further, the report states that a warehouse atmosphere involves many challenges for fire detection as changing fuel loads and ignition sources make it tough to predict fire situations. Warehouses comprise many kinds of equipment and facilities for the storage of numerous commodities. Individual warehouses may vary significantly depending on the type and quantity of materials stored; the mixing of various stored goods; the level of automation used; the height of stacked commodities; the existing life safety and fire protection systems; and last but not the least, the shape, size, and construction of the building. With such a variety of factors that need consideration, it is not easy to classify a typical warehouse to determine its fire protection design. Depending on the country or the jurisdiction of the region, directed design principles vary and can influence the overall storage method and fire protection devices, building design, and firefighting tactics.
Honeywell, Johnson Controls, Robert Bosch, Siemens, Tyco, ANAF, Britannia Fire, Buckeye, Fire Fighter, ILT Industrie-Luftfiltertechnik, Larsen's Manufacturing, Safex, Supremex, Tian Guang.