Published Date: 31-Jan-2023
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According to a new report, published by KBV research, The Global Industrial Cooking Fire Protection System Market size is expected to reach $57.5 billion by 2028, rising at a market growth of 8.4% CAGR during the forecast period.
The Detector Type segment is showcasing a CAGR of 9.9% during (2022 - 2028). Big cooking appliances like frying pans and deep-frying vats in industrial kitchens provide a genuine fire risk. This is mostly owing to the area's high fire load and the clear fire risk caused by overheating. Fire detectors with advanced signal processing and smoke/heat detection are advised for monitoring these regions.
The Wired segment acquired maximum revenue share in the Global Industrial Cooking Fire Protection System Market by Connectivity in 2021 thereby, achieving a market value of $38.3 billion by 2028. The presence of two power sources is the key advantage of hardwired versions. They connect to the power in the house in addition to operating on batteries. One has to worry about replacing the battery with standard devices and pray they won't catch fire. Hardwired versions are ready to warn you of fire as long as your house is powered by electricity. In addition, the battery backup is there in case the power goes off.
The Food & Beverages segment has shown the growth rate of 8.6% during (2022 - 2028). Due to increasing time restrictions among working professionals and the availability of convenience food goods on the market, the demand for packaged food items is quickly expanding. Additionally, packaged food items provide superior barrier protection, confinement or accumulation, advertising, in-depth ingredient information, safety, appropriateness, and more.
The North America market dominated the Global Industrial Cooking Fire Protection System Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $19.3 billion by 2028. The Europe market is exhibiting a CAGR of 8% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 8.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/industrial-cooking-fire-protection-system-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., 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.
By Product Type
By End Use
Unique Offerings from KBV Research
North America Industrial Cooking Fire Protection System Market size & Opportunities 2022-2028
Europe Industrial Cooking Fire Protection System Market & Growth Forecast 2022-2028
Asia Pacific Industrial Cooking Fire Protection System Market Share & Industry Outlook to 2028
LAMEA Industrial Cooking Fire Protection System Market Growth, Trends & Forecasts 2022-2028