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Transparency Market Research Fire Protection Systems Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023

Published Date 07-Nov-2016

221 Page Report

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Fire Protection Systems Market

REPORT DESCRIPTION Fire Protection Systems Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023 The upcoming mergers and acquisitions in the global fire protection systems market are likely to win companies not just strategic partnerships but also bigger market shares. Findings by Transparency Market Research state that market developments such as 3M Company’s acquisition of Polypore’s Separations Media business will lead to the creation of bigger and more fierce competitors in the market.

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The report also suggests that companies will aim towards providing unwavering service to customers to maintain a loyal base and lure in new clients. The future of the companies in the global fire protection systems depends on their strategic planning to gain advantage in the given market dynamics Proactive Adoption of Fire Protection Equipment in O&G a High-impact Driver The global fire protection systems market includes a variety of fire detection equipment and fire suppression systems. Collectively, the market is being driven by the proactive adoption of these systems and equipment in the vast oil and gas industry. The perils of working in the oil and gas sector have forced companies to provide safety gear and equipment to their workers. Therefore, the growth of oil and gas sector is directly proportional to the growth of the fire protection systems market across the globe. Owing to these reasons, the oil and gas sector along with the operation sectors such as upstream, midstream, and downstream are investing in replacing old fire protection systems with advanced systems to offer better solutions. Several sectors across the globe are looking at installing technologically advanced fire detection and suppression systems. A TMR analyst says, “Water sprinkler systems are being replaced by mist-based fire suppression systems as the latter can reduce the flame and gases along with increasing oxygen levels by evaporation. This move comes in the wake of stringent government norms to provide a safe working environment.”The National Fire Protection Association (NFPA) and American Society for Testing Materials (ATSM) amongst others have also helped establish specifics for fire detection and suppression systems. Together, these factors are anticipated to create ample of growth opportunities for the global fire protection systems market.

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Fire Protection Systems Market

Heavy R&D Costs Discourage Market Growth The promising future of the global fire protection systems is being stymied by the heavy cost of research and development required for designing fire detection equipment and suppression systems for each industrial verticals. The complicated fire protection needs of the oil and gas industry require reliable solutions, which need additional investments to deliver product customizations. These increasing investments, applicable to the majority of the upstream, downstream, and midstream infrastructures are going to restrict the growth of this market. Furthermore, geographyspecific fire protection systems supplied by vendors is also likely to make the competitive landscape tougher for new entrants. TMR’s report states that the opportunity in the global fire protection systems market was worth US$5.08 bn in 2014 and is anticipated to reach US$8.93 bn by 2023. Between 2015 and 2023, the global fire protection systems market is anticipated to expand at a CAGR of 6.48%. The increasing expenditure on oil and gas sector in North America will boost the demand for fire detection and fire suppression systems in the region. By the end of the forecast period, the North America fire protection systems market will account for a share of 38.78% in the global market. The review of the global fire protection systems market is based on the findings published in Transparency Market Research’s report, titled “Fire Protection Systems - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 – 2023.”

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Global Fire Protection Systems (for Oil and Gas) Market: North America

-North America Upstream Sector -Offshore Segment -Offshore Platforms -Fire Detection Systems -Fire Suppression Systems -Drill ships -Fire Detection Systems

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Fire Protection Systems Market

-Fire Suppression Systems -Offshore Oil Rigs -Fire Detection Systems -Fire Suppression Systems -Onshore Segment -Onshore Drilling Rigs -Fire Detection Systems -Fire Suppression Systems

TABLE OF CONTENT Chapter 1 Preface •Report Description •Market Segmentation •Research Scope •Research Methodology Chapter 2 Executive Summary •Global Fire Protection Systems (for Oil and Gas) Market: Snapshot Chapter 3 Global Fire Protection Systems (for Oil and Gas) Market–Industry Analysis •Introduction •Value Chain Analysis •Market Dynamics •Market Drivers •Market Restrains •Market Opportunities •Porter’s Five Forces Analysis

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Fire Protection Systems Market

•Bargaining Power of Suppliers •Bargaining Power of Buyers •Threat from New Entrants •Threat from Substitutes •Degree of Competition •Market Attractiveness Analysis- Fire Protection Systems Market, By Region Chapter 4 Global Fire Protection Systems (for Oil and Gas) Market–by Revenue (US$ Mn), 2014–2023 •Overview Chapter 5 North America Fire Protection Systems Market–by Operational Sectors, by Revenue (US$ Mn), 2014–2023 •Overview •North America Fire Protection Systems Market, by Upstream Operational Sector •Offshore Segment •Offshore Platforms •Fire Detection Systems •Fire Suppression Systems •Drill ships •Fire Detection Systems •Fire Suppression Systems •Offshore Oil Rigs •Fire Detection Systems •Fire Suppression Systems •Onshore Segment •Onshore Drilling Rigs •Fire Detection Systems •Fire Suppression Systems

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Fire Protection Systems Market

•North America Fire Protection Systems Market, by Midstream Operational Sector •Offshore Segment •Floating Production Storage Offloading Vessels (FPSO) •Fire Detection Systems •Fire Suppression Systems •LNG Carriers •Fire Detection Systems •Fire Suppression Systems •Offshore support and Supply Vessels •Fire Detection Systems •Fire Suppression Systems •Onshore Segment •Accommodation Areas •Fire Detection Systems •Fire Suppression Systems •Pipelines •Fire Detection Systems •Fire Suppression Systems •North America Fire Protection Systems Market, by Downstream Operational Sector •Production Vessels •Fire Detection Systems •Fire Suppression Systems •Production Platforms •Fire Detection Systems •Fire Suppression Systems

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Fire Protection Systems Market

•Refineries •Fire Detection Systems •Fire Suppression Systems •Petrochemicals •Fire Detection Systems •Fire Suppression Systems Chapter 6 Europe Fire Protection Systems Market–by Operational Sectors, by Revenue (US$ Mn), 2014–2023 •Overview •Europe Fire Protection Systems Market, by Upstream Operational Sector •Offshore Segment •Offshore Platforms •Fire Detection Systems •Fire Suppression Systems •Drill ships •Fire Detection Systems •Fire Suppression Systems •Offshore Oil Rigs •Fire Detection Systems •Fire Suppression Systems •Onshore Segment •Onshore Drilling Rigs •Fire Detection Systems •Fire Suppression Systems •Europe Fire Protection Systems Market, by Midstream Operational Sector •Offshore Segment

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Fire Protection Systems Market

•Floating Production Storage Offloading Vessels (FPSO) •Fire Detection Systems •Fire Suppression Systems •LNG Carriers •Fire Detection Systems •Fire Suppression Systems •Offshore support and Supply Vessels •Fire Detection Systems •Fire Suppression Systems •Onshore Segment •Accommodation Areas •Fire Detection Systems •Fire Suppression Systems •Pipelines •Fire Detection Systems •Fire Suppression Systems •Europe Fire Protection Systems Market, by Downstream Operational Sector •Production Vessels •Fire Detection Systems •Fire Suppression Systems •Production Platforms •Fire Detection Systems •Fire Suppression Systems •Refineries •Fire Detection Systems

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Fire Protection Systems Market

•Fire Suppression Systems •Petrochemicals •Fire Detection Systems •Fire Suppression Systems Chapter 7 Middle East and Africa Fire Protection Systems Market–by Operational Sectors, by Revenue (US$ Mn), 2014– 2023 •Overview •Middle East and Africa Fire Protection Systems Market, by Upstream Operational Sector •Offshore Segment •Offshore Platforms •Fire Detection Systems •Fire Suppression Systems •Drill ships •Fire Detection Systems •Fire Suppression Systems •Offshore Oil Rigs •Fire Detection Systems •Fire Suppression Systems •Onshore Segment •Onshore Drilling Rigs •Fire Detection Systems •Fire Suppression Systems •Middle East and Africa Fire Protection Systems Market, by Midstream Operational Sector •Offshore Segment •Floating Production Storage Offloading Vessels (FPSO) •Fire Detection Systems

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Fire Protection Systems Market

•Fire Suppression Systems •LNG Carriers •Fire Detection Systems •Fire Suppression Systems •Offshore support and Supply Vessels •Fire Detection Systems •Fire Suppression Systems •Onshore Segment •Accommodation Areas •Fire Detection Systems •Fire Suppression Systems •Pipelines •Fire Detection Systems •Fire Suppression Systems •Middle East and Africa Fire Protection Systems Market, by Downstream Operational Sector •Production Vessels •Fire Detection Systems •Fire Suppression Systems •Production Platforms •Fire Detection Systems •Fire Suppression Systems •Refineries •Fire Detection Systems •Fire Suppression Systems •Petrochemicals

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Fire Protection Systems Market

•Fire Detection Systems •Fire Suppression Systems

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Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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Fire Protection Systems Market - Global Industry Analysis, Size, S  

Fire Protection Systems market stood at US$5.08 bn in 2014 and is forecast to reach US$8.93 bn by 2024 at a CAGR of 6.48% from 2015 to 2023

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