Published Date: 31-Aug-2022
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According to a new report, published by KBV research, The Global Flame Detector Market size is expected to reach $2.2 billion by 2028, rising at a market growth of 5.4% CAGR during the forecast period.
The Wireless market would experience a CAGR of 6.1% during (2022 - 2028). It is because wireless flame detectors may be easily installed in complex situations where wiring would be challenging, that demand for these devices from a variety of industries, including pharmaceuticals, marine, shipping, and chemicals, is rising. There is a growing market need for wireless flame detectors with Bluetooth and Wi-Fi connectivity options.
The Oil & Gas market is leading the Global Flame Detector Market by Industry in 2021, thereby, achieving a market value of $448 million by 2028. The North Sea is one location where there are many oil and gas installations, particularly oil rigs and floating production storage and offloading (FPSO) platforms. Extreme weather might include subzero temperatures, high winds, ice, and snow. In certain settings, flame detectors have been fitted. For instance, in the North Sea, where these extremes are prevalent, the Skarv oil field, which is situated between the Norne field and Heidrun, and the Schiehallion oil field are both present.
The Dual UV/IR market is exhibiting a CAGR of 5.7% during (2022 - 2028). The UV/Ir flame detectors have a low rate of false alarms and can detect flame in both UV and IR spectrums. Customers trust UV/IR flame detectors since they have been available on the market for a long time. A fire protection system's operational costs are also lower when UV/IR flame detectors are used than when two distinct types of flame detectors are used. One of the major factors influencing the need for UV/IR flame detectors is this.
The North America market dominated the Global Flame Detector Market by Region in 2021, thereby, achieving a market value of $804.4 million by 2028. The Europe market is estimated to grow CAGR of 5.2% during (2022 - 2028). Additionally, The Asia Pacific market is anticipated to grow at a CAGR of 6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/flame-detector-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Honeywell International, Inc., Robert Bosch GmbH, Siemens AG, Johnson Controls International PLC, Carrier Global Corporation, Halma PLC, MSA Safety Incorporated, Emerson Electric Co., Teledyne Technologies, Inc. and Minimax Viking GmbH
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