Recent Trends of the Flame Detector Market 2027


Posted May 30, 2023 by ctom7000

Pharmaceutical industry to observe the fastest growth rate during the forecast period

 
The global flame detector market size is expected to grow from USD 1.7 billion in 2022 to USD 2.1 billion by 2027, at a CAGR of 5.0% during the forecasted period. The growing technology implementation, rise in adoption from key industries, and the strict policies, and regulations for fire protection are the key drivers for the flame detectors.

Flame detection is a risk avoidance and management practice which helps to reduce and avoid the risk of fire in public and private infrastructure. It involves the combined efforts of federal custodians and tenants, private building owners, and local fire service agencies. Fire safety and protection policies and regulations are generally country-specific and vary with respect to each country; however, they are meant to improve the safety of assets and humans.

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OPPORTUNITIES: Growth in commercial real estate

Commercial real estate is one of the areas that has bounced back well since the initial impact of the pandemic. The pandemic has accelerated the shift from offline, in-store retail to online, e-commerce logistics, driving the demand for warehouse- and logistics-focused properties. It is observed that globally the development of logistics, industrial, and warehouse spaces has increased in the last three years and is estimated to continue for the next few years. Currently, some core markets such as warehouse/distribution, manufacturing, and technology are experiencing an industrial space crunch leading to increasing demand and growth in commercial real estate. As the industrial real estate grows, the opportunity for building and fire safety systems is expected to increase as this industry has a higher focus on building, asset, and personnel safety. Thus, the rising demand and growth in commercial real estate is a great opportunity for the flame detector industry.

CHALLENGES: Introduction of hydrogen blended gas streams

The introduction of new equipment and the transition to alternative fuels bring significant challenges for optical flame detection. Hydrogen is seen by industry leaders as a way to reduce society’s dependence on fossil fuels. Many natural gas distribution companies are exploring the possibility of introducing hydrogen into gas streams. Although the transition to a non-carbon-based gas network is distant, the shift toward the goal has started. This shift can affect fire safety products used within the distribution network. IR flame detectors are significantly used for natural gas fires. These detectors primarily monitor a small band of radiation that focuses on the emissions of hot carbon dioxide. The addition of hydrogen in a natural gas stream helps to reduce the carbon footprint and reduces the detection distance for the same size fire. This may lead to flame detection coverage gaps in a facility. In the instances where hydrogen completely replaces natural gas, the same IR flame detectors will not be able to detect fires. This is a challenge for the flame detector market.
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Issued By Tom
Country United States
Categories Advertising
Tags flame detector market
Last Updated May 30, 2023