The global fire protection system market for industrial cooking is projected to reach USD 4.8 billion in 2022, with demand expected to remain strong throughout the assessment period. This growth is driven by heightened awareness of safety and security, with the market anticipated to reach USD 9.3 billion by 2033, reflecting a CAGR of 6.2% from 2023 to 2033. In 2023, the market is expected to secure a valuation of USD 5.1 billion.
The introduction of intelligent and automatic fire suppression systems, which can discharge large volumes of water in industrial warehouses with high-piled inventory, is expected to further propel market growth in the near future. These advanced systems also enhance fire survivability through voice evacuation features.
The rapid establishment of food manufacturing and processing units, along with a stringent industrial safety regulatory framework, significantly contributes to the adoption of fire protection systems for industrial cooking.
Key Takeaways – Fire Protection Systems for Industrial Cooking Market Study
- Wireless, automatic, and compact designs in fire alarm systems that fit most industrial layouts, and are compliant with guidelines set by regulatory bodies such as NFPA, are projected to gain more relevance.
- High installation and maintenance costs of wired alarms will result in reduced preference for these systems in the future.
- Key players are focused on launching early suppression fast response fire sprinkler systems that are capable of releasing large volumes of water (100 gallons per min), and have improved response time.
- North America currently represents more than a fourth of the global market value and will continue to lead its way in fire protection systems for industrial cooking market.
- In the backdrop of a large number of fire incidents in the U.S., strategic collaborations between manufacturers and installers will complement the amplifying demand for fire protection systems in industrial cooking sector.
- Increasing demand for commercially-prepared food has paved the way for a growing number of food joints and restaurant chains. Robust growth in food ventures has been witnessed in recent years, which is expected to reduce cooking activities within industrial and manufacturing unit premises.
Competitive Landscape Remains Fragmented
The market structure is considered to be fairly fragmented, with a large number of smaller companies offering identical products. Furthermore, growing number of players in the fire protection systems for industrial cooking market has been driving manufacturers to incorporate forward integration in terms of services, by offering installation, product consultancy, and aftersales support.
Key Companies Profiled
- Honeywell International Inc.
- Siemens AG
- United Technologies Corporation
- Emerson Electric & Co.
- Halma Plc
- Hochiki Corporation
- Johnson Controls International Plc.
- Gentex Corporation
- Robert Bosch GmbH
- Rotarex
- Swastik Synergy Engineering Private Limited
- NAFFCO FZCO
- Integrated Fire Protection Pvt. Ltd.
- Amerex Fire International Ltd.
- Solas Fire Safety Equipment (P) Ltd.
Fire Protection Systems for Industrial Cooking Market by Category
Product:
- Fire Detection System
- Flame Detectors
- Smoke Detectors
- Fire Management System
- Fire Extinguishers
- Water Extinguishers
- Foam Extinguishers
- Dry Chemical Extinguishers
- CO2 Extinguishers
- Fire Suppression System
- Water-Fire Suppression Systems
- Gaseous/Clean Agent Fire Suppression Systems
- Foam Fire Suppression Systems
- Powder Fire Suppression Systems
- Fire Response System
- Emergency Lighting
- Fire Alarm Devices
End Use:
- Food Processing Units
- Meat and Fish
- Dairy Products
- Sugar and Confectionery
- Tortilla and Bakery
- Other Food and Kindred Products
- Industrial Kitchens
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East & Africa
Report Preview: https://www.futuremarketinsights.com/reports/fire-protection-systems-market
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