Request Sample Inquiry
Fire and Gas Detection System Market

Fire and Gas Detection System Market

Fire and Gas Detection System Market Global Industry Assessment & Forecast

# Pages:

145

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0328

Segments Covered
  • By Type Single Function Module, System
  • By Application Oil and Gas, Marine Industry, Chemical and Petrochemical, Pharmaceutical
  • By portability Portable detectors, Fixed type gas detectors
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 12458.6 Million
Revenue 2028Revenue 2028: 17069 Million
Revenue CAGRRevenue CAGR (2022 - 2028): 4.02
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Fire and Gas Detection System market was valued at USD 12458.6 Million in 2020 and is projected to reach USD 17069 Million by 2028, growing at a CAGR of 4.02% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2026
Annual Market Size (2028) 17069 Million
Annual Market Size (2021)
CAGR (2021 - 2028) 4.02%

Definition And Overview

A gas and Fire Detection system is a blend of equipment or machines that detect, analyze, and indicate the strength of specific gases in the air via diverse technologies. They are commonly involved to avoid toxic exposure and fire. Gas detectors are generally battery-operated materials and are found in industrial spaces for safety objectives.


The global Fire and Gas Detection System market report provides a thorough analysis of each segment including Type,Application and portability for each region, and country. All the segments are studied considering historical and future trends across geographies. All the segments covers trends, market size, and forecasts, and the data is provided for the years 2016–2028. Moreover, the report also covers exhaustive analysis on competitive scenario of the global market covering in depth company profiles based on business overview, financial performance, product portfolio, business strategies, recent developments, and market share among others. In addition to that the report offers several market impacting factors such as drivers, restraints, and opportunities. Cumulatively, the report will cover all of the aspects regarding the global Fire and Gas Detection System market. 

Yearly Infographics 12458.6 Million 17069 Million

COVID-19 Impact Analysis

In 2020, swift spread of COVID-19 largely impacted the global business operations, disrupting the supply chain and impairing various industries. The global trading activities were declined severely owing to the nationwide lockdowns, international border seals, and strict social distancing measures. This had a drastic impact on the global economy, as the companies across the globe were forced to either fully close or partially close their operations, leading to disruption in the supply-demand ratio. Moreover, in 2021 several key markets such as U.S., India, and Brazil among others witnessed a second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

The report covers an exhaustive analysis of Fire and Gas Detection System industry that includes drivers, restraints/challenges, opportunities, and segmental/regional trends among others. Apart from that, it will also cover extensive information on various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing trends,  SWOT analysis, and value chain analysis along with technological landscape and regulatory framework specific to Fire and Gas Detection System industry.


Rising safety concerning Industrial well as commercial spaces is the major driver for gas detection systems which is driving factor for Fire and Gas Detection System Market. 

Undertaken high infrastructure development activities to shift their economic focus to reduce their dependence on oil which is driving factor for Fire and Gas Detection System Market. 

High maintenance cost of fire detection systems and require testing every 90 days to maintain calibrated standards. This is hindering Fire and Gas Detection System Market.

Global Fire and Gas Detection System Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Type, Application, portability
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered Atronica Fire and Security, Emerson Electric, MSA, Honeywell, Schneider Electric, ABB, Spartan, Rockwell Automation.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis

Market Segmentation

Type  Analysis: Preview

On the basis of Type, the market is segmented into Single Function Module, System. Single Function held the highest share in the global Fire and Gas Detection System market and is projected to witness the same trend during the forecast period.

Application Analysis: Preview

Based on Application, the market is segmented into Oil and Gas, Marine Industry, Chemical and Petrochemical, Pharmaceutical. Marine Industry accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.

portability Analysis: Preview

Based on portability, the market is segmented into Portable detectors, Fixed type gas detectors. dominates the global Fire and Gas Detection System market and is expected to continue the same trend from 2021 to 2028. 

Global Fire and Gas Detection System Market: Type Segment Analysis

    • Single Function Module
    • System

Global Fire and Gas Detection System Market: Application Segment Analysis

    • Oil and Gas
    • Marine Industry
    • Chemical and Petrochemical
    • Pharmaceutical

Global Fire and Gas Detection System Market: portability Segment Analysis

    • Portable detectors
    • Fixed type gas detectors

Regional Analysis: Preview

Based on geography, the global Fire and Gas Detection System market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional section is further bifurcated into key country level markets for each region. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan. It covers market size and estimations for each segment by region and country for the years 2016–2028. Asia Pacific dominates the global Fire and Gas Detection System market and is expected to continue the same trend during upcoming years. This is accredited to the presence of key market players combined with rising demand from the end-users.  

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Fire and Gas Detection System Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

Major players in the global Fire and Gas Detection System market are Atronica Fire and Security, Emerson Electric, MSA, Honeywell, Schneider Electric, ABB, Spartan, Rockwell Automation.. The global Fire and Gas Detection System market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network,  and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.   

Global Fire and Gas Detection System Market: Key Highlights

  • The global Fire and Gas Detection System market was valued at USD 12458.6 Million in 2020
  • The global Fire and Gas Detection System Market is projected to reach USD 17069 Million by 2028
  • Asia Pacific held the highest share of the Fire and Gas Detection System market in 2020
  • Some of the major companies operating in the Fire and Gas Detection System market are Atronica Fire and Security, Emerson Electric, MSA, Honeywell, Schneider Electric, ABB, Spartan, Rockwell Automation.

FAQ
Frequently Asked Question
  • The global Fire and Gas Detection System valued at 12458.6 Million in 2020 and is expected to reach 17069 Million in 2028 growing at a CAGR of 4.02%.

  • The prominent players in the market are Atronica Fire and Security, Emerson Electric, MSA, Honeywell, Schneider Electric, ABB, Spartan, Rockwell Automation..

  • The market is project to grow at a CAGR of 4.02% between 2021 and 2028.

  • The driving factors of the Fire and Gas Detection System include

    • Rising safety concerning Industrial well as commercial spaces is the major driver for gas detection systems which is driving factor for Fire and Gas Detection System Market.
    • Undertaken high infrastructure development activities to shift their economic focus to reduce their dependence on oil which is driving factor for Fire and Gas Detection System Market.

  • Asia Pacific was the leading regional segment of the Fire and Gas Detection System in 2020.