The flame detector market size is expected to grow from USD 1.6 billion in 2020 to USD 2.0 billion by 2026 at a CAGR of 4.2% from 2020 to 2026. Policies, regulation, and government initiatives, rising adoption of wireless technology in flame detection systems, and increasing human & property loss due to fire breakouts are some of the major factors driving the growth of the flame detector market.
Flame detector market for dual UV/IR to grow at a higher CAGR during forecast period
The market for dual UV/IR is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to its ability to detect both UV and IR spectrums of radiations, thus increasing the span of its fire detection abilities. The increasing demand for improved safety and reduction in the failure of fire detection is expected to fuel the market for dual UV/IR flame detectors. A combination of UV and IR technology is quite popular for flame detection as the detector can collect information from both the UV side and the infrared side. UV/IR flame detectors offer increased immunity compared with UV detectors, operate at moderate speeds of response, and are suited for both indoor and outdoor use, especially for industrial applications. UV/IR flame detectors are designed specifically for industries that are prone to the emission of hydrocarbons and organic materials through fire. These are mostly seen in manufacturing industries.
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Flame detector market for pharmaceutical industry is expected to grow at highest CAGR during forecast period
The market for pharmaceutical industry is expected to capture the highest CAGR during the forecast period. The high growth rate is driven by the need to safeguard human lives and properties, as well as avoid production halt in the vertical. The recent COVID-19 pandemic has resulted in heavy investments in the pharmaceuticals industry. Thus, the growth of this industry is expected to fuel the growth of the flame detector market for the pharmaceuticals industry.
APAC to be fastest-growing flame detector market during forecast period
APAC is expected to be the fastest-growing market for flame detector. Growing urbanization has increased construction activities, which are contributing significantly to the growth of the flame detector market in this region. China and Japan being the frontier markets for flame detectors in the APAC region, the steady growth of industries in these countries post the COVID-19 pandemic is expected to fuel the high growth rate in this region. China is projected to lead the flame detector market in APAC during the forecast period, followed by Japan and South Korea. The demand for flame detectors is expected to increase with technological and economic advancements. Moreover, the growing urbanization in this region has increased manufacturing activities, contributing significantly to the growth of the flame detector market. Governments in this region have laid down fire safety norms, and the flame detector market is expected to grow with the execution of these policies.
Key Market Players
Halma (UK), Honeywell (US), Johnson Controls (Ireland), Siemens (Germany), United Technologies (US), Emerson Electric (US), Hochiki (Japan), MSA (US), Robert Bosch (Germany), Micropack Engineering (Scotland), Minimax Viking (Germany), Spectrex (US) are among a few major players operating in the flame detector market.