Market Overview

Global Fire & Gas Detection System Market (2018-2022) is Projected to Grow at a CAGR of 4.58%

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Global Fire & Gas Detection System Market (2018-2022) is Projected to Grow at a CAGR of 4.58%

PR Newswire

DUBLIN, Sept. 14, 2018 /PRNewswire/ --

The "Global Fire and Gas Detection System Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

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The global fire and gas detection system market is forecast to grow at a CAGR of 4.58% during the period 2018-2022.

The report 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.

3D fire and gas mapping software is the latest technological advancement in the field of safety instrumentation systems. These tools are capable of loading complex CAD models and have inbuilt logic detectors which help in fast detection of oil and gas leaks and also optimize the number and location of fire and gas detectors. The advent of this tool is expected to be a major trend driving growth of the fire and gas detection system market.

According to the report, one of the major drivers for this market is the rising production of shale gas. Shale gas exploration process emits large amounts of methane (CH4) which requires fast and reliable detection to minimize accidents in industrial plants. Thus, the rise in production of shale gas in countries such as the US, China, Russia, Iran, Qatar, Canada, Norway and Saudi Arabia will create a demand for fire and gas detection systems during the forecast period.

Further, the report states that one of the major factors hindering the growth of this market is the high maintenance cost of fire and gas detection systems. F&G detection systems require testing every 90 days to maintain calibrated standards. Periodic maintenance of these systems is necessary to avoid accidents and casualties. The high maintenance cost is preventing end users from adopting fire and gas detection systems, thus impeding the growth of the market.

Key Vendors

  • ABB
  • Emerson Electric
  • Honeywell
  • Rockwell Automation
  • Schneider Electric

Key Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Global fire and gas detection system market - Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER

  • Segmentation by end-user
  • Comparison by end-user
  • Oil and gas - Market size and forecast 2017-2022
  • Chemical and petrochemical - Market size and forecast 2017-2022
  • Pharmaceutical - Market size and forecast 2017-2022
  • Market opportunity by end-user

PART 09: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • APAC- Market size and forecast 2017-2022
  • Americas - Market size and forecast 2017-2022
  • EMEA - Market size and forecast 2017-2022
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Advent of 3D fire and gas mapping tool
  • Wireless instrumentation in safety systems
  • Integration of control and safety systems

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive Landscape

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB
  • Emerson Electric
  • Honeywell
  • Rockwell Automation
  • Schneider Electric

For more information about this report, visit https://www.researchandmarkets.com/research/5xhbhd/global_fire_and?w=5

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SOURCE Research and Markets

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