Global fire protection systems market to expand at a CAGR of 6.48% to reach US$8.93 bn by 2024

Transparency Market
Research
Fire Protection Systems Market - Global Industry Analysis,
Size, Share, Growth Trends, and Forecast 2015 - 2023
Published Date
06-May-2016
277 Page Report
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Fire Protection Systems (for Oil and Gas) Market to Reach US$8.93 bn by
2023; Fire Detection Systems See Highest Demand : TMR
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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
Transparency Market Research has released a new market report titled “Fire Protection Systems
Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023.”
According to the report, the Global Fire Protection Systems (for Oil and Gas) 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.
Browse Fire Protection Systems Market Report with Full TOC at :
http://www.transparencymarketresearch.com/enhanced-fire-protection-market.html
Fire protection systems include fire detection systems to detect fire and fire suppression systems to
suppress fire. Oil and gas industry, being one of the most hazardous areas to work, requires appropriate
safety. As a result of which, high quality safety systems are installed at the sites to ensure the safety of onsite personnel and infrastructure. Stringent safety regulations by government institutions around the globe
play a major role in the growth for fire protection systems market. Oil & gas industry has three operational
sectors – upstream, midstream, and downstream.
Considering the wide areas of application oil and gas, the operational sectors are further divided into
onshore and offshore applications for fire protection systems. The onshore upstream operational sector
comprises onshore drilling rigs, whereas offshore upstream operational sector includes offshore platforms,
drill ships, and offshore oil rigs. The onshore midstream operational sector includes accommodation areas
and pipelines, while offshore midstream operational sector includes FPSO, LNG carriers, and offshore
support and supply vessels. The downstream operational sector has been sub-segmented into four
applications: production vessels, production platforms, refineries, and petrochemicals.
Due to wide areas of operations in the oil & gas sector, the fire hazards are also of various types which
need specific detection and suppression systems. Hence, on the basis of type of fire hazards and the
available technology, fire protections systems are segmented into fire detection systems and fire
suppression systems. These systems are further sub-segmented based on the mostly used technology. Fire
detection systems include smoke detectors, heat detectors, gas detectors (fixed and portable), flame
detectors, and alarms (conventional, addressable, and notification devices). Fire suppression systems
includes foam, dry chemicals, gas, and water (low pressure and high pressure).
Owing to the wide range of applications and high demand, fire detection systems held the largest share of
66% of the fire protection systems market, whereas fire suppression systems occupied rest 34% of the
market share in 2014.
The fire protection systems market is also segmented on the basis of region into North America, Europe,
Middle East and Africa, Asia Pacific, and South and Central America.
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Fire Protection Systems Market
Increasing safety concerns is considered to be the primary driver for the market growth of fire protection
systems in the oil & gas sector. Additionally, growing investments due to stringent regulations and
technological advancements in fire protection systems are also driving the market growth. Furthermore,
rising oil and gas exploration and production activities may also boost the market for fire protection
systems.
Growth of the oil & gas industry plays a major role in the growth of fire protection systems market globally.
A portion of the total project cost is dedicated for the on-site installation of safety equipment to ensure the
safety of personnel and avoid any harm to the infrastructure. Fire protection systems occupy a major part
of these safety equipment. Hence, the commencement of new oil & gas projects adds scope to the growth
of fire protection systems market as well.
Fire protection systems have a defined life span and thus need to be replaced periodically. This offers a
cyclic growth for the fire protection systems market. The revamp or expansion of existing oil & gas
facilities or infrastructure, such as expansion of pipeline projects or revamp of aged refineries, also
contribute to a considerable extent to the growth of the fire protection systems market.
In order to maintain and comply with the changing safety regulations, oil & gas operators need to upgrade
the installed fire protection technology. For example, water sprinkler systems is a widely used fire
suppression technology in the oil & gas industry. However, the new technology of water mist systems
offers better cooling and suppression of fire. Due to their functional benefits, water mist systems are now
replacing water sprinkler systems, further offering opportunities for the manufacturers to expand their
market presence. Past accidents and disasters related to fire have also resulted in stringent regulations
and higher safety standards. All these factors influence the fire protection systems market growth
positively.
In order to understand the Global Fire Protection Systems (for Oil and Gas) market and further derive the
forecast, region-specific safety regulations have been taken into consideration. For regions with no
consolidated regulations, the installation trend of fire protection systems was considered.
Considering the operational pattern of the oil & gas industry in various regions, the fire
protection systems market has been segmented as follows:
Global Fire Protection Systems (for Oil and Gas) Market: North America
North America Upstream Sector
Offshore Segment
Offshore Platforms
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Fire Protection Systems Market
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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TABLE OF CONTENT
Table of Content
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Fire Protection Systems Market
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
Bargaining Power of Suppliers
Bargaining Power of Buyers
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Fire Protection Systems Market
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
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Fire Protection Systems Market
Fire Detection Systems
Fire Suppression Systems
Onshore Segment
Onshore Drilling Rigs
Fire Detection Systems
Fire Suppression Systems
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
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Fire Protection Systems Market
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
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
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Fire Protection Systems Market
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
Floating Production Storage Offloading Vessels (FPSO)
Fire Detection Systems
Fire Suppression Systems
LNG Carriers
Fire Detection Systems
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Fire Protection Systems Market
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
Fire Suppression Systems
Petrochemicals
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Fire Protection Systems Market
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
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Fire Protection Systems Market
Middle East and Africa 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
Middle East and Africa Fire Protection Systems Market, by Downstream Operational Sector
Production Vessels
Fire Detection Systems
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Fire Protection Systems Market
Fire Suppression Systems
Production Platforms
Fire Detection Systems
Fire Suppression Systems
Refineries
Fire Detection Systems
Fire Suppression Systems
Petrochemicals
Fire Detection Systems
Fire Suppression Systems
Chapter 8 Asia Pacific Fire Protection Systems Market–by Operational Sectors, by Revenue (US$ Mn), 2014–
2023
Overview
Asia Pacific Fire Protection Systems Market, by Upstream Operational 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
Asia Pacific 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
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Fire Protection Systems Market
Fire Detection Systems
Fire Suppression Systems
Pipelines
Fire Detection Systems
Fire Suppression Systems
Asia Pacific 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
Fire Detection Systems
Fire Suppression Systems
Chapter 9 South and Central America Fire Protection Systems Market–by Operational Sectors, by Revenue
(US$ Mn), 2014–2023
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Fire Protection Systems Market
Overview
South and Central 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
South and Central America Fire Protection Systems Market, by Midstream Operational Sector
Offshore Segment
Floating Production Storage Offloading Vessels (FPSO)
Fire Detection Systems
Fire Suppression Systems
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Fire Protection Systems Market
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
South and Central 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
Refineries
Fire Detection Systems
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Fire Protection Systems Market
Fire Suppression Systems
Petrochemicals
Fire Detection Systems
Fire Suppression Systems
Section 10 Company Profiles
3M
Blaze Manufacturing Solutions Ltd.
Consilium AB Publ.
Danfoss Semco A/S
Deluge Offshore & Marine Pte Ltd.
Drägerwerk AG & Co. KGaA
Emerson Electric Co.
Net Safety Monitoring Inc.
Spectrex Inc.
Fike Corporation
Fire Protection Engineering A/S
Gielle Srl
Honeywell International, Inc.
Johnson Controls plc
KEVTA Fire Systems, Inc.
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Fire Protection Systems Market
Knowsley SK Limited
Minimax GmbH & Co. KG
MSA Safety Incorporated
Orcus Fire & Risk, Inc.,
Semco Maritime A/S
Siemens AG
SK Fire Safety Group B.V.
Trelleborg AB
Tyco International Ltd.
Oldham SAS
Water Mist Engineering AS
Ultra Fog AB
Unisafe Fire Protection Specialists LLC
United Technologies Corporation
Autronica Fire & Security A/S
Detector Electronics Corporation (Det-Tronics)
Marioff Corporation Oy
Wilhelmsen Ships Service
Browse Fire Protection Systems Market Report with Full TOC at :
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Fire Protection Systems Market
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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. Interpret a Competitive outlook Analysis Report with free PDF Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2879 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