Asia Pacific Industrial Cooking Fire Protection System Market Size, Share & Industry Trends Analysis Report By Product Type (Fire Alarm Type and Detector Type), By Connectivity, By End Use (Restaurants & Hotels, Food & Beverages), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Industrial Cooking Fire Protection System Market would witness market growth of 8.8% CAGR during the forecast period (2022-2028).
A fire in a commercial kitchen may develop fast due to the many heat sources from various cooking stations. Unlike other wet chemical systems, kitchen suppression systems operate swiftly to detect fires and extinguish them. However, early detection also necessitates regular inspections and maintenance to guarantee that fire sprinklers are functioning at their best. Additionally, timely detection necessitates routine fire alarm maintenance and inspection.
Restaurants have unique fire risks that do not exist in other settings. Cooking equipment and the potential for grease fires pose a threat to both consumers and staff. Planning while creating the area might increase a restaurant's fire safety. You must keep up with all cooking equipment after the restaurant is open for business and have a way to put out flames before they spread.
India's tourism and hospitality industry has grown to be one of the key drivers behind developing the nation's services economy as one of the most popular travel destinations in the world. Moreover, India's tourist industry has a lot of potential since, like many other countries, travel, and tourism are significant sources of foreign cash. Additionally, all restaurants must be fireproof following Indian government rules; hence, they need a NOC from the local fire department. A future tragedy that links the company's brand name to the reality that the company lacked a fire certificate might do you severe damage, including penalties from the government and, more importantly, a loss of reputation. The need for industrial kitchen fire safety systems is growing rapidly in the APAC area due to these laws that must be followed and the rising hospitality industry.
The China market dominated the Asia Pacific Industrial Cooking Fire Protection System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,337.5 Million by 2028. The Japan market is estimated to grow at a CAGR of 8.1% during (2022 - 2028). Additionally, The India market would experience a CAGR of 9.9% during (2022 - 2028).
Based on Product Type, the market is segmented into Fire Alarm Type and Detector Type. Based on Connectivity, the market is segmented into Wired and Wireless. Based on End Use, the market is segmented into Restaurants & Hotels, Food & Beverages, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Industrial Cooking Fire Protection System Market is Projected to reach USD 57.5 Billion by 2028, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Siemens AG, Robert Bosch GmbH, Johnson Controls International PLC, Carrier Global Corporation, Eaton Corporation PLC, Halma PLC, Napco Security Technologies, Inc., Hochiki Corporation, and NITTAN Company, Limited.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Fire Alarm Type
- Detector Type
By End Use
- Restaurants & Hotels
- Food & Beverages
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- Siemens AG
- Robert Bosch GmbH
- Johnson Controls International PLC
- Carrier Global Corporation
- Eaton Corporation PLC
- Halma PLC
- Napco Security Technologies, Inc.
- Hochiki Corporation
- NITTAN Company, Limited
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