The total Flame Detectors market is
expected to reach USD 3.2 Billion by 2020, at a CAGR of 6.07% during the
forecast period.
Flame detectors are being preferred by companies due to their
application in various sectors ranging from healthcare to military to
government. High-quality products are being developed which can detect
radiations emitted through a fire over a long distance.
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Flame detectors have been in the market since a couple of decades
and have evolved in terms of products and services. Single IR and single UV
were conventionally used to detect radiations; however, these detectors have
certain limitations which are overcome by more effective flame detectors such
as multi IR and triple IR (IR3), which have inbuilt false alarm detection
systems.
The flame detectors market is gaining momentum and this trend is
expected to continue till 2020. Flame detectors have applications in various
verticals among which manufacturing, oil & gas, energy & power, and
mining are expected to hold the largest share during the forecast period. The
application in marine and mining industries is poised to grow rapidly at CAGR
of 7.91% and 7.39% during the forecast period.
The flame detectors market is expected to reach USD 3.2 Billion by
2020 at a CAGR of 6.07% between 2015 and 2020. Although the market is
witnessing a decent growth due to the government mandates and regulations around
the globe and increased spending of enterprises on flame detectors, the high
maintenance and manufacturing costs are restraining the growth of the this
market.
The global flame detectors market report describes the market
trends, drivers, and challenges for the growth of this market along with market
size estimations till 2020. It segments the said market on the basis of
product, service, industry and geography. This report provides a bird’s
eye-view of the said market across regions– North America, Europe,
Asia-Pacific, and RoW (Rest of the World). North America is the largest market
for flame detectors and is expected to retain its position till 2020, with the
U.S. holding a large market share. Europe (Germany and the U.K.) and APAC
(South Korea and Japan) are also promising markets expected to witness rapid
growth.
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The competitive landscape section presents valuable insights
related to players in the flame detectors market. The global flame detectors
market report profiles the key players in the market, based on their revenue,
product portfolio, recent developments, and key strategies adopted for growth.
Some of the major manufacturers of flame detectors are Honeywell International (U.S.), Siemens AG (Germany), Johnson Controls (U.S.), General Monitors (U.S.), Det-tronics (U.S.), Micropack (U.K.), Emerson Electric Co. (U.S.), Spectrex, Inc. (U.S.), Simtronics ASA (Norway), United Technologies Corporation (U.S.), Robert Bosch GmbH (Germany), and Tyco (Ireland) among others.
