Global Fire and Gas Detection System Market to grow at a CAGR of 5.46% during the period 2016 - 2020; Finds New Report

Report forecast the global F&G detection system market to grow at a CAGR of 5.46% during the period 2016-2020.

F&G detection systems comprise detection equipment such as fire and smoke detectors, logic controls and alarms, and mitigation functions that include fire dampers and suppression systems. The centralized unit logic solver acts as a brain on the F&G detection system that monitors and controls the abnormalities in plants related to fire. It receives status and alerts or analog signals from field monitoring devices, which are required to detect fire and gas leakage in a plant. The operator takes appropriate action, and mitigates the hazard situations.

F&G safety systems monitor unusual activities such as fire or release of any combustible or toxic gases released from the plant. These systems provide early warning and mitigation actions that can avoid accidents. Industries can execute integrated fire and gas strategies based on the latest automation technology for plant safety and infrastructure protection.

The report covers the present scenario and the growth prospects of the global F&G detection system market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of F&G detection systems that include their installation and integration in the oil and gas, chemical and petrochemical, and pharmaceutical industries.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, vendors are offering IR sensors with high level of customization that is comparatively cheaper than those of global suppliers. This has led global suppliers to reduce the cost of their products. Reduction in costs and miniaturization has increased the adoption of IR sensors in F&G detection systems, which are sensitive to radiations. These sensors monitor gas meters and detect inflammable gases both indoors and outdoors of the plants, enabling firefighters to carry out fire rescue operations promptly.

Further, the report states that the periodic maintenance of F&G detection system is vital to maintaining safety in the plant. Non-compliance with routine maintenance may risk the health and lives of employees.

Global Fire and Gas Detection System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Fire and Gas Detection System Market: ABB, Honeywell International, Rockwell Automation, Schneider Electric and Yokogawa

Other Prominent Vendors in the market are: Autronica, Emerson Process Management, Esoterica Automation, GIL Automation, Hochiki, Johnson Controls, Mokveld, MSA Safety, Norgren, OMRON, RTP, Siemens, and Tyco International.

Market driver

• Increased on smart industry
• For a full, detailed list, view our report

Market challenge

• Frequent maintenance of F&G detection systems
• For a full, detailed list, view our report

Market trend

• Rise of wireless instrumentation in safety systems
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 46 pages and 23 Exhibit “Global Fire and Gas Detection System Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by end users, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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