Flame Detectors Market by product (Single IR, UV, Dual UV/IR, Triple IR (IR3), Multi IR), Service (Engineering, Installation & Design, Maintenance), Industry (Manufacturing, Oil and Gas, Mining, Energy and Power), and Geography - Global Forecast to 2020
Flame detectors are capable of detecting emissions through a fire and respond accordingly to prevent damage. The global flame detectors market is expected to reach USD 3.2 billion by 2020, at a CAGR of 6.07% between 2015 and 2020. In terms of geography, North America is estimated to hold a large market share of ~29% in 2015 mainly because of the development in the U.S., followed by APAC and Europe. The key driving factor behind the growth of the said market is the presence of key players in the region, growing usage of flame detectors in various industries, and government mandates for protection against flame situations.
A large number of players in the flame detectors market is adopting different strategies to grow. As the number of established players is gradually growing in the global marketplace, it has become imperative for players to gain a competitive edge over other companies, mainly based on their products. The strategies players adopt are new product launches, partnerships, agreements, contracts, collaborations, and mergers and acquisitions.
The report provides a detailed insight into the current flame detectors market, and identifies key trends in various segments of the market along with providing in-depth quantitative and qualitative information. The report segments the global flame detectors market on the basis of products, services, industries, and geography. Furthermore, it provides market size forecasts till 2020. Detailed geographic insights with respect to major regions such as North America, APAC, Europe, and Rest of the World have also been included in the report.
Some of the major manufacturers of flame detectors are Honeywell International (U.S.), Siemens AG (Germany), Johnson Controls (U.S.), General Monitors (U.S.), Det-tronics (U.S.), Micropack (U.K.), Emerson Electric Co. (U.S.), Spectrex, Inc. (U.S.), Simtronics ASA (Norway), United Technologies Corporation (U.S.), Robert Bosch GmbH (Germany), and Tyco (Ireland) among others.
The market analysis includes the market overview and industry analysis along with market dynamics and additional qualitative analysis. The market classification encompasses segmentation & sub-segmentation of the market on the basis of products, industries, services, and geography. The market landscape covers a detailed competitive landscape and company profiles of key players in the market.