#LAMEA Fire Safety Equipment Market Growth

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Global Fire Safety Equipment Industry-Ken Research

Global Fire Safety Equipment Market by geography

The Global Fire Safety Equipment market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

North America Region accounted for the largest market share in 2022, due to strict fire safety rules and continuous structural developments.

The rising demand for smart houses and buildings in the US which provide high security as well as new advanced fire system enabled with IoT and AI is acting as a driving factor for the North American market.

The major manufacturers like Gentex Corp., Space Age Electronics, Honeywell International Inc., Napco Security Technologies, Inc., and Johnson Controls are all headquartered in the US.

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Competition Scenario in Global Fire Safety Equipment Market

The Fire Safety Equipment market is highly competitive in nature with ~1,000 players in the market, which include globally diversified players, regional players as well as a large number of country-niche players having their niche in fire safety equipment for multiple applications.

Large global players hold the highest market share, while regional players hold the second largest share. Some of the major players in the market include Robert Bosch GmbH, Eaton Corp., Inc., Gentex Corp., Space Age Electronics, Halma plc, Siemens Building Technologies, Hochiki Corp., Nittan Company, Ltd., Honeywell International, Inc., Napco Security Technologies, Inc., and Johnson Controls among others.

The large number of competitors is providing buyers with high bargaining power whereas suppliers are struggling to survive in the market.

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What is the Expected Future Outlook for the Overall Global Fire Safety Equipment Market across the globe?

The Global Fire Safety Equipment market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Fire Safety Equipment market is driven by advancements of smart technologies in the fire safety industry such as Artificial intelligence, Internet of Things, and the increase in safety budgets in buildings and Transports Services. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Fire Safety Equipment Market is changing rapidly. For instance, In June 2022, Siemens launched the advanced IoT-enabled smart fire safety equipment, which is capable of accessing all alarm systems and cloud functioning as well as is easy to install, and has a low maintenance cost.

In  May 2022, Robert Bosch GmbH launched the Smoke detector II which has a built-in Siren that is able to deliver notifications directly to the user’s Mobile phones and also send a  signal to other connected alarms to alert every person around and avoid major mishappening.

Furthermore, In June 2019, Halma acquired Ampac, Ampac was one of the leading Australian fire & evacuation system companies. With this acquisition, Halma was able to use the well-established network of Ampac in Australia, New Zealand, and the UK.

The Fire Safety Equipment Market is expected to grow at a CAGR of ~7% for the forecasted period (2022-2028), which is slightly higher than what the market witnessed between 2017 and 2021. The new advancements in the fire safety equipment market such as Artificial intelligence and IoT are creating new opportunities in the market. Though the market is highly competitive in nature with over 1,000 participants, few global players and regional players hold the majority of share in the market.

For more insights on the market intelligence, refer to the link below;

Global Fire Safety Equipment Market

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Latest release published on KBV Research News

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Latin America, Middle East and Africa Fire Safety Equipment Market Size to register a growth of 12% CAGR

According to a new report LAMEA Fire Safety Equipment Market, published by KBV research, the LAMEA Fire Safety Equipment Market Size would witness market growth of 12% CAGR during the forecast period (2017 – 2023).

The Brazil market holds the largest market share in LAMEA Fire Safety Equipment in Commercial Market by Country in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 10.3 % during the forecast period. The UAE market is expected to witness a CAGR of 12.3% during (2017 – 2023) in LAMEA Fire Safety Equipment in Industrial Market. Additionally, The South Africa market is expected to witness a CAGR of 12.1% during (2017 – 2023) in LAMEA Fire Safety Equipment in Residential Market.

The Fire Extinguishers market holds the largest market share in South Africa Fire Safety Equipment Market by Fire Suppression Equipment Type in 2016, and would continue to be a dominant market till 2023. The Fire Sprinklers market would attain market value of $76.1 million by 2023.

Full Report: https://kbvresearch.com/lamea-fire-safety-equipment-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in the region. The key impacting factors of the Latin America, Middle East and Africa Fire Safety Equipment Market have been discussed in the report with the elaborated company profiles of Robert Bosch GmbH (Bosch Security Systems Inc.), Halma plc, Hochiki Corporation, Honeywell International, Inc., Johnson Controls International Plc., Napco Security Technologies, Space Age Electronics Inc., United Technologies Corporation, Eaton Corporation plc (Cooper Wheelock), and Gentex Corporation.

LAMEA Fire Safety Equipment Market Size Segmentation

By Solution

Fire Detection Equipment

Fire Extinguishers

Gas Based

Water Based

Dry Chemical Powder & Others

Fire Sprinklers

Fire Suppression Equipment

By Vertical

Commercial

Industrial

Residential

By Country

Brazil Fire Safety Equipment Market

Argentina Fire Safety Equipment Market

UAE Fire Safety Equipment Market

Saudi Arabia Fire Safety Equipment Market

South Africa Fire Safety Equipment Market

Nigeria Fire Safety Equipment Market

Rest of Latin America, Middle East and Africa Fire Safety Equipment Market

Companies Profiled

Robert Bosch GmbH (Bosch Security Systems Inc.)

Halma plc

Hochiki Corporation

Honeywell International, Inc.

Johnson Controls International Plc

Napco Security Technologies

Space Age Electronics Inc.

United Technologies Corporation

Eaton Corporation plc. (Cooper Wheelock)

Gentex Corporation

Unique Offerings from KBV Research

Exhaustive coverage of LAMEA Fire Safety Equipment Market Size

Highest number of market tables and figures

Subscription based model available

Guaranteed best price

Assured post sales research support with 10% customization free

Related Reports:

Global Fire Safety Equipment Market (2017-2023)

North America Fire Safety Equipment Market (2017-2023)

Europe Fire Safety Equipment Market (2017-2023)

Asia Pacific Fire Safety Equipment Market (2017-2023)

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Fire Protection Systems Market Research Report

As per GMI Research's latest analysis, Global Fire Protection Systems Market reveals that the market is slated to register a significant CAGR over the forecast period. This is attributed to the growing concerns associated with the consumers' safety and the launch of stringent fire safety regulations by the government and local bodies.

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Fire Protection Systems Market’s leading Manufacturers:

· Tyco

· Napco Security

· Hochiki

· Gentex Corporation

· United Technologies

· Johnson Controls

· Honeywell

· Robert Bosch

· Siemens

Fire Protection Systems Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

The global fire protection systems marketis predicted to witness an upsurge in demand during the forecast period due to the increasing urbanization and construction of various commercial, residential, and public infrastructure. Furthermore, the growing concerns associated with the safety of the consumers and the launch of stringent fire safety regulations by the government and local bodies will further augment the growth of the fire protection systems market. There has been an upsurge in demand for various fire safety equipment for immediate application due to the rapid expansion in the industrial sector. This is presenting various new growth opportunities for the market. Additionally, the growing number of fire stations and staff to serve the rising population with fire safety gear, extinguishers, and other equipment, coupled with the increasing number of fire stations, will further boost the demand of the market.

The rising awareness among people associated with personal fire safety is another factor that will have a positive influence on the market's demand. However, the high investment cost of the installation of these systems and the expensive maintenance and replacement services are the factors hindering the growth of the market.

Application Segment Drivers

Based on the region, Asia-pacific is predicted to rise at a faster CAGR due to the increasing urbanization and industrialization in the Asian economies, such as China, India, and Japan. Furthermore, the presence of numerous sensor manufacturing players and the growing production of fire equipment are certain factors that are expected to drive the growth of the market.

Fire Protection Systems Market Segmentation:

Segmentation by Solution:

· Detection

· Suppression

Segmentation by Fire Detection Product:

· Detectors

o Flame

o Smoke

o Heat

· Alarms

Segmentation by Fire Suppression Product:

· Extinguishers

o Gas

o Water

o Dry Chemical Powder

o Others

· Sprinklers

Segmentation by Application:

· Residential

· Commercial

· Industrial

Segmentation by Region:

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com

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Organic Cheese Market Global Industry Analysis, size, share and Forecast 2020-2027

The GMI Research expects the industrial safety market to expand at a significant rate. From a regional perspective, the Asia-Pacific is expected to lead the market due to the increasing adoption of industrial safety systems in industries such as oil & gas, metals & mining, and other industries.

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Industrial Safety Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The high adoption of industrial safety systems across numerous industries driven by increasing incidences of accidents, which is growing the concerns regarding the safety of the environment and humans are the prominent factors driving the growth of the industrial safety market size during the forecast period. Moreover, rapid technological advancements for the development of industrial safety systems, including the introduction of IIOT in the systems to improve the level of safety and performance, is further augmenting the growth of the market in the upcoming years. Several rigorous safety regulations imposed by the government to confirm safety in the work environment and increasing awareness of safety among the public is promoting the adoption of industrial safety systems, particularly in the manufacturing plants.

The launch of the industry 4.0 revolution and increasing industrial activities across the emerging economies will fuel the demand of the market. The recent outbreak of the COVID-19 pandemic has a positive impact on the growth of the industrial safety market due to the increasing focus on workers' safety, which will encourage the use of these systems in numerous industries. On the other hand, the factors restraining the market growth include the increasing cost of maintenance and the huge investment need for the introduction of the equipment.

Component Segment Drivers

Based on the component, the programmable safety systems segment is projected to grow at a higher CAGR during the forecast period. The increasing deployment of these components for raising the level of safety across numerous industries will further support the growth of the industrial safety market. The programmable safety systems provide exceptional benefits, including compliance with the evolving safety standards, ease of integration, low cost of ownership, and improved flexibility. These factors are bolstering the growth of the market.

Industrial Safety Market’s leading Manufacturers:

·        Honeywell International Inc

·        ABB

·        Schneider Electric

·        Rockwell Automation, Inc.

·        Emerson Electric Co.

·        Yokogawa Electrics CIS Ltd.

·        HIMA

·        General Electric

·        Siemens

·        OMRON Corporation

Industrial Safety Market Segmentation:

Segmentation by Component:

·        Programmable Safety Systems

·        Safety Sensors

·        Safety Switches

·        Safety Controllers/Module/Relays

·        Safety Valves

·        Emergency Stop Devices

·        Others

Segmentation by Product:

·        Fire & Gas Monitoring Systems

·        Emergency Shutdown Systems (ESD)

·        Burner Management Systems (BMS)

·        High Integrity Pressure Protection Systems (HIPPS)

·        Turbomachinery Control (TMC)

Segmentation by Industry:

·        Food & Beverages

·        Oil & Gas

·        Chemicals

·        Pharmaceuticals

·        Metals & Mining

·        Power Generation

·        Water & Wastewater

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com

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BFSI Security Market Analysis, Historic Data and forecast 2013-2025

Summary – A new market study, titled "BFSI Security Market – Global Drivers, Opportunities, Trends, and Forecasts to 2023" has been featured on WiseGuyReports.

Overview:

The BFSI sector deals with the largest bulk of financials facilitating transactions, insurance, and other financial services to the customer. This sector has been victim to huge cyber crimes, physical risks, and terrorism, thereby demanding increased security measures for the industry. The growing adoption of technology, increasing use of internet, cloud, electronic platform, online and mobile banking are all together leading to increased susceptibility to cyber and physical threats to data and information of the banking customers. This is enhancing the need to implement new and improved solution for secure transactions in the BFSI industry.

Also read – https://icrowdnewswire.com/2020/08/06/global-bfsi-security-market-top-countries-data-2020-industry-growth-analysis-segmentation-size-share-trend-future-demand-and-leading-players-updates-by-forecast-by-360-market-updates/

Market Analysis:

The BFSI sector is growing far beyond the traditional method and is improving the spectrum of services & customer experience. The growth in terrorism, physical, and cyber-attacks (2016 attack which led to compromise 3.2 million debit card holders in India), the incidence of ransomware attack intruding the systems in around 150 countries are some of the major reasons driving the change in the BFSI industry and necessitating the need for enhanced security measures. Also, the increased need for remote monitoring and banking solutions is further giving impetus to the growth of the market. The market has high opportunities in analytics, biometrics, and ethical hacking. Biometrics has largely been implemented in the industry, and its adoption is increasing at a fast pace owing to the extent of security and safety it leverages.

Technology Analysis:

The growth in the number of web data breaches and its increasing pace have changed the perception held by the BFSI industry. There is a growing shift towards the adoption of new software to protect the integrity of banks and customer data. The various software available are identity and access management, unified threat management, IDS/IPS, disaster recovery, security and vulnerability management, and encryption. The growth in BYOD, mobile apps, and cloud has resulted in the greatest adoption of IAM in the banking industry. The increased terror activities, robberies, identity stealing, and data breaches are amongst the major reasons driving the need for physical security in the banking industry. The various technologies leveraging the BFSI sector with physical security are access control, video surveillance, physical security information management, intrusion, and fire detection. The BFSI premises have already installed video surveillance, IAM, encryption, and fire detection systems; and many countries have mandated such installations owing to the need of security.

Regional Analysis:

North America is leading the “BFSI Security market” where the government is taking steps ahead in security through new cybersecurity standards and increased investment such as US in 2015 invested $4 billion in cybersecurity for financial institutions. The banking system in the US is equipped with automatic account log out to enhance security. Europe stands second in the market and is inviting niche players to enter the market through funding. In 2016, the UK registered a loss of about $3 million due to cyberattacks, driving increased investments in security in Europe and is leading to the adoption of biometric technology using voice and fingerprint recognition in the UK. APAC region has high growth potential accompanied with high investment in the market, especially in India and China. LAMEA market is largely supported by the growing investments and mandatory laws relating to security in BFSI such as the UL certified biometric process for Brazilian banks.

Key Players:

The key vendors leveraging solutions for BFSI security included in the report are IBM, Cisco, Symantec Corp., McAfee LLC, Oracle, Herjavec Group, Stromshield, Dell Security, Gemalto NV, Accenture, and Trend Micro Inc.

Competitive Analysis:

The market for BFSI is competitive with major software vendors such as IBM, Cisco, Symantec already having a renowned position in market. Cisco is enhancing the customer’s experiences through premium and convenience banking along with global security programs. IBM is focussing on security and generates around $2 billion of revenue from security alone annually. Symantec is focussing on DDos mitigation and increased information security management. Other global players such as Stromshield, dell, Gemalto NV, Accenture, and Trend Micro are also into providing increased solutions for BFSI security market.

Benefits:

The report provides with in-depth analysis of BFSI security market aiming at improvement in security. The report gives insights about major drivers as well as challenges coming forth on the path of the market growth. The information provided can benefit the stakeholders with knowledge on trends, investments, drivers, governmental initiatives, and various regulatory changes about to be adopted in years to come. The report covers profiles of major vendors leveraging security solutions for BFSI sector to the end-users.

Key Stakeholders:

Device manufacturers, network providers, data security solution vendors, policy makers, standard development organizations, investor community, university researchers, blog writers, and technology magazines

For more details - https://www.wiseguyreports.com/reports/1568667-bfsi-security-market-global-drivers-opportunities-trends-and-forecasts-to-2023

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[shaqibakram]

Functional Safety Market Forecast Report 2020 – 2027 – Top Key Players Analysis

The market mainly elaborates the definitions, classifications, market overview, and the industry chain analysis. The report also covers market size, share, trends, and growth analysis on the basis of different parameters. It profoundly displays the current market investigation situation and the upcoming situation in the coming years.

Key Drivers of the Functional Safety Market:

The key drivers contributing to the growth of the global functional safety market are strict mandates for safety regulations, followed by the growing demand for safety systems in the oil & gas industry. Functional safety is largely adopted across the sectors, and rising demand for functional safety as manufacturer and end-user looks to mitigate further risk. In addition to this, the growing use of automated equipment for process control, manufacturing, and others has increased the demand for functional safety due to its ability to decrease the risk of equipment injuries, damage, and environmental damage.

The rising standard of industrial safety is also surging the growth of the market. For instance, IEC 13849, IEC 62061, and IEC 61508 standard are valid for medical and industrial applications, DO-254/DO178b for Aerospace & Defense applications, and ISO 26262 for automotive applications. The products are built, designed, implement, and operated according to the safety standard. Increasing necessity for reliable safety systems to ensure personnel and asset protection, coupled with growth in industrial revolution 4.0, are further bolstering the growth of the functional safety market size. Furthermore, the rising penetration of workplace safety standards in developing countries and the growing usage of advanced technology such as the Internet of Things (IoT) are creating various growth opportunities for the functional safety market. On the other hand, the high investment costs for installing functional safety and lack of awareness and complexity of standard will hinder the growth of the functional safety market.

Top list of key players in the Functional Safety Market:

·         Schneider Electric SE

·         Honeywell International Inc.

·         Siemens AG

·         ABB Group

·         Rockwell Automation, Inc.

·         HIMA Paul Hildebrandt GmbH

·         Yokogawa Electric Corporation

·         Emerson Electric Co.

·         General Electric Company

·         Omron Corporation

·         Johnson Controls International plc

Segmentation of the Functional Safety Market:

The report covers all the regions and countries of the world, which shows a regional development status, including the market size, volume, and value, as well as price data. Besides, the report also covers various segment data of the market.

Breakup by System:

·         Emergency Shutdown System (ESD)

·         Fire & Gas Monitoring

·         High Integrity Pressure Protection System (HIPPS)

·         Burner Management System (BMS)

·         Turbomachinery Control (TMC)

Breakup by Offering:

·         Component

o   Safety Sensor

o   Programmable Safety System

o   Safety Controller/Module/Relay

o   Safety Switch

o   Emergency Stop Device

o   Final Control Element

o   Others

·         Services

o   Testing, Inspection, and Certification

o   Maintenance

o   Training and Consulting

Breakup by Industry:

·         Oil & Gas

·         Food & Beverages

·         Pharmaceuticals

·         Chemicals

·         Power Generation

·         Metals & Mining

·         Water & Wastewater

·          Others

Breakup by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research:

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.

[nikitamanwar]

Functional Safety Market Analysis Growth Challenges, Opportunities and Future Developments to 2024

The market mainly elaborates the definitions, classifications, market overview, and the industry chain analysis. The report also covers market size, share, trends, and growth analysis on the basis of different parameters. It profoundly displays the current market investigation situation and the upcoming situation in the coming years.

Key Drivers of the Functional Safety Market:

The key drivers contributing to the growth of the global functional safety market are strict mandates for safety regulations, followed by the growing demand for safety systems in the oil & gas industry. Functional safety is largely adopted across the sectors, and rising demand for functional safety as manufacturer and end-user looks to mitigate further risk. In addition to this, the growing use of automated equipment for process control, manufacturing, and others has increased the demand for functional safety due to its ability to decrease the risk of equipment injuries, damage, and environmental damage.

To know more about this market, request a sample @ https://www.gmiresearch.com/report/functional-safety-market/sample-request

The rising standard of industrial safety is also surging the growth of the market. For instance, IEC 13849, IEC 62061, and IEC 61508 standard are valid for medical and industrial applications, DO-254/DO178b for Aerospace & Defense applications, and ISO 26262 for automotive applications. The products are built, designed, implement, and operated according to the safety standard. Increasing necessity for reliable safety systems to ensure personnel and asset protection, coupled with growth in industrial revolution 4.0, are further bolstering the growth of the functional safety market size. Furthermore, the rising penetration of workplace safety standards in developing countries and the growing usage of advanced technology such as the Internet of Things (IoT) are creating various growth opportunities for the functional safety market. On the other hand, the high investment costs for installing functional safety and lack of awareness and complexity of standard will hinder the growth of the functional safety market.

Top list of key players in the Functional Safety Market:

Schneider Electric SE

Honeywell International Inc.

Siemens AG

ABB Group

Rockwell Automation, Inc.

HIMA Paul Hildebrandt GmbH

Yokogawa Electric Corporation

Emerson Electric Co.

General Electric Company

Omron Corporation

Johnson Controls International plc

Segmentation of the Functional Safety Market:

The report covers all the regions and countries of the world, which shows a regional development status, including the market size, volume, and value, as well as price data. Besides, the report also covers various segment data of the market.

Breakup by System:

Emergency Shutdown System (ESD)

Fire & Gas Monitoring

High Integrity Pressure Protection System (HIPPS)

Burner Management System (BMS)

Turbomachinery Control (TMC)

Breakup by Offering:

Component

Services

Safety Sensor

Programmable Safety System

Safety Controller/Module/Relay

Safety Switch

Emergency Stop Device

Final Control Element

Others

Testing, Inspection, and Certification

Maintenance

Training and Consulting

Breakup by Industry:

Oil & Gas

Food & Beverages

Pharmaceuticals

Chemicals

Power Generation

Metals & Mining

Water & Wastewater

Others  

Breakup by Region:

North America

Asia Pacific

Europe

RoW

United States of America

Canada

China

Japan

India

Rest of APAC

United Kingdom

Germany

France

Spain

Rest of Europe

Brazil

South Africa

Saudi Arabia

UAE

Rest of the world (remaining countries of the LAMEA region)

Request for Customization @ https://www.gmiresearch.com/report/functional-safety-market/request-for-customization

About GMI Research:

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.

Contact GMI Research

Company Name: GMI RESEARCH EUROPE OFFICE: Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland Email: enquiry@gmiresearch.com Website: https://www.gmiresearch.com

[coolhardbouquettiger-blog]

Fire Extinguisher Market Insights Report , Opportunity Analysis and Industry Forecast  2018-2025

Fire extinguishers are used for putting out fires and saving loss of property and lives. The fire extinguisher component includes a hand-held cylindrical pressure vessel containing an agent, which can be discharged to extinguish a fire. With the growth in fire safety concerns, it has become mandatory for every commercial and residential complex to be equipped with the fire extinguisher. Today, lot of players invest on manufacturing low cost and light weight fire extinguishers.

Key players profiled in this report are Amerex Corporation, BRK Electronics, Minimax GmbH & Co. KG, Nationwide Fire Extinguishers, Ansul, Badger fire extinguisher, Kidde, First alert, Rusoh, Inc., and Kanexfire.

Download Sample PDF Brochure at: https://www.alliedmarketresearch.com/request-toc-and-sample/3428

Rise in the fire safety norms in the global industry and strict government regulations boost the growth of the fire extinguisher market. However, high cost of the fire extinguishers hinder the market growth. Irrespective of these challenges, demand for portable and automatic fire extinguisher by the construction and healthcare industry is expected to unfold various opportunities for new products and boost the market growth.

The fire extinguisher market is segmented on the basis of extinguishing agents, product, end user, and geography. Based on extinguishing agent, the market is divided into dry chemical, foam, carbon dioxide, and others. Based on product, it is classified into multipurpose dry chemical, regular dry chemical, portable fire extinguisher, automatic fire extinguishers, and others. By end user, it is classified into industrial, commercial, and residential. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

This report provides an in-depth analysis of the fire extinguisher market to identify lucrative investment pockets. It identifies key drivers, opportunities, and restraints that shape the market, with a detailed impact analysis. Porters Five Forces analysis highlights the potency of buyers and suppliers to offer a competitive advantage to stakeholders to make profitable business decisions, thereby strengthening their networks. Current trends and future estimations are outlined to determine the overall market potential and highlight the profitable trends to gain a stronger foothold.

Do Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/3428

[shobhitrathore95]

Global Fire safety Equipment Market Opportunities and Forecast, 2018-2025

According to the latest report by GMI Research, Fire safety Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The fire safety equipment market analyzes the impact of the COVID-19 pandemic and represents that the market is anticipated to accelerate in 2021, growing at a higher growth rate, after experiencing a slump in 2020. Fire safety equipment are usually used to douse fire to save people or the user from getting fire. These types of equipment consist of a wide range of products such as firefighting gear, fire extinguishers, pre installations in buildings, and communicating devices.

Competitive Landscape: The fire safety equipment market report also scans the competitive landscape and profiles the major players operating in the market, including Robert Bosch, Tyco, Napco Security, Johnson Controls, Hochiki, United Technologies, Honeywell, Gentex Corporation, and Siemens.

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The significant factors such as rapid urbanization and construction of residential, commercial, and public infrastructure are responsible for the rapid expansion in the fire safety equipment market size. Additionally, the rising concerns regarding the safety of the people and the implementation of numerous fire safety regulations by governments and local bodies are further propelling the demand of the fire-safety equipment market. The growing industrial sector is prone to fire accidents and thus needs fire safety equipment.

Moreover, the expanding number of fire stations and staff to serve the growing population will require different fire safety equipment, such as fire safety gear, extinguishers, and other equipment. In parallel, the increasing awareness among people is also a key factor encouraging the usage of these types of fire safety equipment.

For further information on these analyses, please visit:  https://www.gmiresearch.com/report/global-fire-safety-equipment-market/

Market Segments:

Breakup by Equipment Type:

Fire Extinguishers

Foam

Carbon Dioxide

Dry Chemical

Others

Fire Fighting Gear

Suit

Gloves

Shoes

Helmet

Breathing Apparatus

Communication Equipment

Fire Fighting Installations

Hydrant

Electricity Cut-off Switch

Portable Generators

Portable Pumps

Fire Detectors

Alarm Systems

Others

Accessories

Shovel

Hammer

Fire Blankets

Others

Breakup by End User:

Commercial Infrastructures

Public Infrastructures

Fire Fighting Stations

Industrial Establishments

Others 

Breakup by Region:

North America

United States of America

Canada

Asia Pacific

China

Japan

India

Rest of APAC

Europe

United Kingdom

Germany

France

Spain

Rest of Europe

RoW

Brazil

South Africa

Saudi Arabia

UAE

Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.

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BFSI Security Market to Witness over X.X% Growth 'in Revenue During the COVID-19 Pandemic

Overview:

The BFSI sector deals with the largest bulk of financials facilitating transactions, insurance, and other financial services to the customer. This sector has been victim to huge cyber crimes, physical risks, and terrorism, thereby demanding increased security measures for the industry. The growing adoption of technology, increasing use of internet, cloud, electronic platform, online and mobile banking are all together leading to increased susceptibility to cyber and physical threats to data and information of the banking customers. This is enhancing the need to implement new and improved solution for secure transactions in the BFSI industry.

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Market Analysis:

The BFSI sector is growing far beyond the traditional method and is improving the spectrum of services & customer experience. The growth in terrorism, physical, and cyber-attacks (2016 attack which led to compromise 3.2 million debit card holders in India), the incidence of ransomware attack intruding the systems in around 150 countries are some of the major reasons driving the change in the BFSI industry and necessitating the need for enhanced security measures. Also, the increased need for remote monitoring and banking solutions is further giving impetus to the growth of the market. The market has high opportunities in analytics, biometrics, and ethical hacking. Biometrics has largely been implemented in the industry, and its adoption is increasing at a fast pace owing to the extent of security and safety it leverages.

Technology Analysis:

The growth in the number of web data breaches and its increasing pace have changed the perception held by the BFSI industry. There is a growing shift towards the adoption of new software to protect the integrity of banks and customer data. The various software available are identity and access management, unified threat management, IDS/IPS, disaster recovery, security and vulnerability management, and encryption. The growth in BYOD, mobile apps, and cloud has resulted in the greatest adoption of IAM in the banking industry. The increased terror activities, robberies, identity stealing, and data breaches are amongst the major reasons driving the need for physical security in the banking industry. The various technologies leveraging the BFSI sector with physical security are access control, video surveillance, physical security information management, intrusion, and fire detection. The BFSI premises have already installed video surveillance, IAM, encryption, and fire detection systems; and many countries have mandated such installations owing to the need of security.

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Regional Analysis:

North America is leading the “BFSI Security market” where the government is taking steps ahead in security through new cybersecurity standards and increased investment such as US in 2015 invested $4 billion in cybersecurity for financial institutions. The banking system in the US is equipped with automatic account log out to enhance security. Europe stands second in the market and is inviting niche players to enter the market through funding. In 2016, the UK registered a loss of about $3 million due to cyberattacks, driving increased investments in security in Europe and is leading to the adoption of biometric technology using voice and fingerprint recognition in the UK. APAC region has high growth potential accompanied with high investment in the market, especially in India and China. LAMEA market is largely supported by the growing investments and mandatory laws relating to security in BFSI such as the UL certified biometric process for Brazilian banks.

Key Players:

The key vendors leveraging solutions for BFSI security included in the report are IBM, Cisco, Symantec Corp., McAfee LLC, Oracle, Herjavec Group, Stromshield, Dell Security, Gemalto NV, Accenture, and Trend Micro Inc.

Competitive Analysis:

The market for BFSI is competitive with major software vendors such as IBM, Cisco, Symantec already having a renowned position in market. Cisco is enhancing the customer’s experiences through premium and convenience banking along with global security programs. IBM is focussing on security and generates around $2 billion of revenue from security alone annually. Symantec is focussing on DDos mitigation and increased information security management. Other global players such as Stromshield, dell, Gemalto NV, Accenture, and Trend Micro are also into providing increased solutions for BFSI security market.

Benefits:

The report provides with in-depth analysis of BFSI security market aiming at improvement in security. The report gives insights about major drivers as well as challenges coming forth on the path of the market growth. The information provided can benefit the stakeholders with knowledge on trends, investments, drivers, governmental initiatives, and various regulatory changes about to be adopted in years to come. The report covers profiles of major vendors leveraging security solutions for BFSI sector to the end-users.

Key Stakeholders:

Device manufacturers, network providers, data security solution vendors, policy makers, standard development organizations, investor community, university researchers, blog writers, and technology magazines

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Firefighting Drone Market: Future Challenges and Industry Growth Outlook 2020-2027

The global firefighting drone market is projected to portray remarkable growth, and will grow considerably in the coming years. Firefighter drones are remotely controlled unmanned air vehicles used to extinguish fires. Firefighter drones aid in hazmat incidents, motor vehicle accident scenes, wildfires, and even rescue operations. As fire accidents may lead to loss of lives and property and chronic injuries to firefighters, companies are using drones equipped with elec    tromechanical sensor technology. Thus, governments have invested big bucks to develop novel firefighting technologies that operate with higher accuracy, safety, and functionality. Firefighting drones offer real-time assistance and operational awareness in fire accidents. Moreover, military & defense and public safety are encouraging to use firefighting drones in critical incidents and scenarios involving criminal activities.

The global firefighting drone market is divided based on type, industry, and region. On the basis of type, the market is segmented into fixed-wing drones, multi-rotor drones, and single rotor helicopter drones. In terms of industry, the market is classified into corporates, hospitality, education, military & defense, government, and energy & utilities. Geographically, the market is studied across several regions including North America, Asia-Pacific, Europe, and Latin America, Middle East & Africa (LAMEA).

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Key players of the firefighting drone market analyzed in the study include Lockheed Martin Corporation, Elistair, Harris Corporation, BSS Holland B.V, Aerones, Yuneec International Company Limited, Dronefly, DSLRPros, Draganfly Innovations Inc., and AeroVironment, Inc. They have adopted various strategies including partnerships, product launches, mergers & acquisitions, collaborations, and joint ventures to maintain their dominance in the market.  

Top impacting factors

Rise in increase in firefighter causalities, increase in government investments, rapid technological advancements, and ability of drones to work in hazardous environments drive the growth of the global firefighting drone market. However, limited integration complexity and less accuracy of data hamper the market growth. On the contrary, incorporation of advanced technologies and smart sensors are expected to create lucrative opportunities for the market players in the coming years. 

Use of firefighter drones to extinguish wildfire

Unlike all the methods used to extinguish fire, a startup has come up with Dragon, an unmanned air vehicle that fights fire with fire. The company’s firefighting drone carries chemical spheres of the size of Ping-Pong balls or “dragon eggs “that–at the press of a button–dropped and intentionally spark small fire that burns vegetation to starve wildfire of potential fuel. The dragon eggs consist of self-igniting plastic spheres that are filled with potassium permanganate. They are injected with glycol before the drop to set them ablaze in less than 30 seconds. 

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The first few minutes, till the fire reaches a point of being out of control, is the containment window. In this period, a limited and less amount of water or fire retardant are is used to put out the fire. In this containment window, fires can be quickly spotted if surveillance drones that are equipped with infrared cameras are used. This way, fire can be put out before it reaches a critical point and causes serious damage. 

Incorporation of new technologies to put out fire

Fire departments have benefited by the advancements in firefighting drone technology. These drones are used during structure fires and search & rescue missions; they arrive on the scene to assess it before the team of firefighters is deployed. The incorporation of the thermal camera enables the operator to detect prime hotspots and see through smoke, improving efficiency and safety. Moreover, drones can be equipped with spotlight to aid firefighters in low-light or dark conditions. After the fire is put out, drones are used to assess the damage done.

The use of firefighting drones has increased over the last few years as it quickly scouts out the dangerous fires and helps locate missing people and map disaster areas to minimize casualty. 

Prime benefits of the report

·         The study provides a detailed analysis of the global firefighting drone industry coupled with a glance at current trends and future estimations to predict major threats and take necessary actions accordingly. 

·         The report offers a comprehensive analysis of major drivers, opportunities, and restraints and a detailed analysis of the global firefighting drone market share. 

·         The report is studied from 2019 to 2026 to understand the global firefighting drone market growth possibilities. 

·         The study includes Porter’s five forces analysis that provides insights about buyers & suppliers in the market. 

·         The global firefighting drone market analysis involves study of the major market players in the market.

 Questions answered in the global firefighting drone market research report:

·         What are the prime market players active in the firefighting drone market?

·         What prominent trends will affect the market in the coming years?

·         What are the major driving factors, restraints, and opportunities in the market?

·         What are the estimates that would help in taking further strategic steps?

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[chemicaltrend]

Flame Retardants Market Emerging Industry Trends & Global Future Forecasts

According to a new report published by Allied Market Research titled, "Flame Retardants Market by Type, Application and End use Industry: Global Opportunity Analysis and Industry Forecast, 2014-2022", the flame retardants market was valued at $6,558 million in 2015, and is projected to reach $10,212 million by 2022, growing at a CAGR of 6.6% from 2016 to 2022. The epoxy resins segment held nearly one-fourth of the total market in 2015.

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At present, the global flame retardants market witnesses vivid opportunities due to the increase in demand for flame retardant chemicals in a wide number of end use industries. Flame retardants such as polyolefin nanocomposites find major use in the automotive industry and other end user industries such as packaging, building and construction, appliances, electrical and electronics, tools and sporting equipment.

Flammable plastic materials are used in abundance in modern vehicles, foams, cables, textiles, polymer formulations for electronic applications as well as in mechanical parts. This pose a high range of fire risk. Hence, flame retardants are added to these materials to halt fires in mechanical, structural, and decorative components, such as electrical short circuits, mechanical faults, and overheating. Automotive industry is the largest consumer of brominated flame retardant-hexabromocyclododecane (HBCDD). HBCDD is used for plastic cabinet and casings, insolation panels and automotive textiles. Furthermore, flame retardants are added to seats to ensure safety to passengers as small flames such as cigarettes and matches could prompt ignition.

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Epoxy resins segment accounted for around one-fourth share, in terms of volume, in 2015. In response to the perennial modifications in the quality of flame retardants, efficient flame retardant chemicals are currently in high demand across the globe. Thus, increase in demand for high-tech flame retardants for epoxy resins along with increase in use of flame retardant rubber in automotive industry are some of the major drivers that fuel the demand for flame retardants across the globe.

"Increase in use of flame retardants especially in automotive industry in the production of tires had increased the demand for flame retardants among automotive and transportation industry, which poses lucrative opportunities in the global flame retardants market."

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KEY FINDINGS OF THE STUDY                      

·         In terms of value, the epoxy resins segment is projected to be the fastest growing segment during the analysis period.

·         Asia-Pacific is projected to maintain its lead position throughout 2022 and will grow at a CAGR of 7.1%, during the forecast period.

·         Construction industry occupied for approximately one-third of the total market in 2015.

·         China occupied for around two-fifths of the total Asia-Pacific flame retardants market in 2015.

·         In Europe, Germany is expected to grow at the fastest rate of 6.6% from 2016 to 2022, in terms of value.

In 2015, Asia-Pacific and LAMEA collectively accounted for around half of the total flame retardants market and is expected to continue this trend due to increase in infrastructural development, specifically in China, India, Brazil, and other developing economies. Moreover, rise in per capita disposable incomes of consumers in turn drives the demand for high-tech flame retardant automobiles is one of the key factors that fuel the flame retardants market in the Asia-Pacific region.

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The major companies profiled in the report include Lanxess AG, The Dow Chemical Company, Albemarle Corporation, BASF SE, Clariant Corporation, Dover Corporation, Nabaltec AG, and Akzo Nobel N.V.

About Us:            

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Fire Safety Equipment Market Research Report

Fire Safety Equipment Market:

Growth opportunities in the Fire Safety Equipment Market look promising over the next six years. This is mainly due to the help proffered by them to deal with the different classes of fire in a range of environments and the rising number of fire stations.

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Fire Safety Equipment Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The accelerating urban population and construction of several commercials, residential, and public infrastructure are some of the major drivers supplementing the global fire safety equipment market growth. Also, the increasing concern towards the consumer's safety and the enforcement of rigorous fire safety norms by the government and local bodies will further strengthen the market size. In addition, the ongoing enlargement in the industrial sector has raised the demand for immediate implementation of this equipment, thereby stimulating market growth. The growing number of fire stations and staff to accommodate the accelerating population with gears, extinguishers, and other tools will further drive the market growth. Moreover, the surging consciousness among consumers regarding the personal harmlessness from fire is paving the way for market growth. However, the high initial investment cost to install these systems and the excessive maintenance and replacement services value will hinder the fire safety equipment market share.

Solution Segment Drivers

Based on the solution, the detection devices are expected to expand at a higher CAGR during the forecast period. This is primarily owing to the persistent progression in detection devices such as wireless detection and wireless networking, which further assist in reducing the installation costs. Furthermore, the expanding number of measures and incentives launched by the governments to encourage the installation of detection equipment has raised the market growth. For example, the Building Code of Australia, USA, and National Fire Protection Association have authorized the insertion of the detection equipment to enhance the security level.

Regional Drivers

On the basis of the regional coverage, Asia-pacific is predicted to witness a faster CAGR over the forecast period. This is mainly because of the swift industrialization and urbanization, especially in Japan, India, and China. Moreover, the robust prevalence of enormous sensor manufacturing organizations and the rising production of these devices will impel the market growth. On the other hand, North America is forecasted to grow at a higher CAGR during the forecast period owing to the increasing infrastructural enhancements and the enactment of fire safety regulations. For instance, the US government, in 2017, offered a tax incentive to install fire sprinklers in the country.

Fire Safety Equipment Market’s leading Manufacturers:

Siemens

Johnson Controls

Gentex Corporation

Napco Security

Robert Bosch

United Technologies

Hochiki

Tyco

Fire Safety Equipment Market Segmentation:

Segmentation by Solution

Detection

Suppression

Segmentation by Fire Detection Product

Detectors

Flame

Smoke

Heat

Alarms

Segmentation by Fire Suppression Product

Extinguishers

Gas

Water

Dry Chemical Powder

Others

Sprinklers

Segmentation by Application

Residential

Commercial

Industrial

Segmentation by Region:

North America

Asia Pacific

Europe

RoW

United States of America

Canada

China

Japan

India

Rest of APAC

United Kingdom

Germany

France

Spain

Rest of Europe

Brazil

South Africa

Saudi Arabia

UAE

Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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Wireless Fire Detection Systems Market Worth 301.21 Million USD by 2023

The global wireless fire detection incorporates smoke detectors, call point, fire alarm, supervisory signal, sensors, monitor existing fire alarm panels and other such devices that helps to detect fire and take precaution. The global fire detection system as per a new report by Market Research Future (MRFR) is expected to grow at 7.6% of CAGR between 2017 and 2023 at USD 301.21 mn by the year 2023. Wireless fire detection system can be described as the detection of unwanted fire with the help of sensors that are wirelessly connected. It is a fire detection system that works wirelessly and automatically senses and triggers whenever there is a fire. The system can either be hardwired structures as hybrid or fully wireless.

Usually, fire detection systems are designed with the help of cables that connect fire-initiating gadgets to alarm control panels. Using cables in hardwired structures are more expensive than installing connectors, power supplies, conduit and transformers are both labor-intensive and time-consuming. Wireless fire detection offers a well-founded connection to the control panel by using wireless signal in place of wires. Wireless detection systems can connect between the sensing devices and the control equipment and do not require cable.

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Global Wireless Fire Detection System Market Competition Analysis

The prominent players in the Wireless fire detection systems market – Honeywell International Inc. (US), Robert Bosch GmbH (Germany), Tyco International PLC (Ireland), Siemens AG (Germany),  EMS Security Group Ltd (UK), Halma Plc (UK), Electro Detectors Ltd (UK), Sterling Safety Systems (UK), HOCHIKI Corporation (Japan), EuroFyre Ltd (UK), and Detectomat GmbH (Germany) among others.

Global Wireless Fire Detection System Market Segmentation

The global wireless fire detection system market can be segmented by installation type, product, end users, system and region. The market can be segmented into panels, sensors, siren, smoke detectors, repeaters and others on the basis of sensors. The integration of sensors and detector technology within a single detector is the latest industrial trend which results in cost reduction and great efficiency.

Based on the system type, the market can be segmented into fully wireless systems, hybrid systems and others. While hybrid fire alarm systems ensure easy installation in both retrofitting environment as well as new buildings, fully wireless system is expected to grow over the forecast period as it saves over half the installation cost for the end users.

On the basis of mode type, the market for global wireless fire detection system can be segmented into conventional mode, addressable mode, standalone mode and others.

The market can also be segment into manufacturing, healthcare, education, retail, BFSI, government, industrial and others based on the end-users.

Geographically, the market can be segmented into North America, Europe, Asia-Pacific and LAMEA, where North America is noted to hold the largest market share.

Global Wireless Fire Detection System Market Regional Analysis

The market for global wireless fire detection system has been segmented into North America, Europe, Asia-Pacific and LAMEA, where North America has been estimated to hold the largest market share, due to high adoption of advanced detectors and sensors. Owing to the strict government mandates on fire alarm installation, there will be a notable growth in European countries like France, Germany and UK. LAMEA is also expected to hold a significant market share in the forecast period.

Industry Developments

Nest Protect has launched smoke and carbon monoxide alarm which senses smoke and alerts on your smartphone. This device also incorporates self-testing, self-reporting and voice alerts and is also capable of reaching an emergency contact person if one does not respond instantly.

Roost has launched a retrofit option that comes with a 9V battery and comprises a microphone along with a WiFi antenna. The battery has the capacity to send push alerts whenever the detector sounds.

Drivers and Restraints

The number of fire cases both in commercial as well as residential spaces has increased which has, in turn, led to the growth of this market globally. Furthermore, with the exposure of flexible, superior and reliable fire detection solution systems has fueled the demand across industries.

The number of fire cases both in commercial as well as residential spaces has increased which in turn has led to the growth in the market. The rising demand for retrofit installation because of easy installation and low cost has led to high demand for wireless fire detection systems. Also, the adoption of a flexible, superior and reliable solution for fire detection systems has escalated the growth of this market across industries. Moreover, due to stringent government rules and adoption of advanced technology has led to the expansion of this industry. Meanwhile, high maintenance and installation cost is restraining the market growth.

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Nuclear Power Plant and Equipment Market worth $49,038 Million by 2025 | Allied Market Research

Nuclear equipment manufacturing companies and research institutions across the world have heavily invested in developing better and efficient nuclear reactors and equipment. These are anticipated to increase the efficiency and service life of the equipment and nuclear reactors

According to a new report published by Allied Market Research, titled, Nuclear Power Plant and Equipment Market by Reactor Type and Equipment Type: Global Opportunity Analysis and Industry Forecast, 20182025, the global nuclear power plant and equipment market was valued at $36,484 million in 2017, and is projected to reach $49,038 million by 2025, growing at a CAGR of 3.7% from 2018 to 2025. India accounted for more than one-fifth share in the Asia-Pacific nuclear power plant and equipment market in 2017.

Nuclear power is the energy produced by power plants by obtaining heat from the fission of uranium fuel in a nuclear reactor. This energy is further utilized for generating electricity through turbines. A nuclear power plant houses pumps, valves, steam generators, turbines, electric generators, condensers, and analogous equipment, similar to a large coal-fired power plant. It excludes the reactor, which plays the role of a boiler in a fossil-fuel power plant.

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Rise in demand from developed countries, such as North America and Europe, which environmental problems due to use of electricity generated from fossil fuels drives the growth of the nuclear power plant and equipment market. In addition, consistent technological advancements in nuclear power equipment such as reactors, also contribute toward the market growth. However, cost of the nuclear power plant and management of radioactive waste are the factors expected to hamper the growth of the market. Conversely, promising growth of nuclear power in the developing countries of the Asia-Pacific region, owing to rise in industrial sector and economic development offer lucrative growth opportunities.

Based on reactor type, the market is segmented into high temperature gas-cooled reactor (HTGR), pressurized water reactor (PWR), boiling water reactor (BWR), pressurized heavy water reactor (PHWR), fast breeder reactor (FBR), and others. Pressurized water reactor (PWR) is the most lucrative reactor type segment in the nuclear power plant and equipment market owing to their stability at higher temperature, which makes the reactor easier to operate from a stability standpoint.

Based on equipment type, the market is bifurcated into island equipment and auxiliary equipment. The auxiliary equipment segment is projected to exhibit highest growth, as it plays a crucial role in operational safety and has a wide range of applications in a nuclear plant. Furthermore, the general performance of auxiliary equipment deteriorates with time, which in turn affects its efficiency. Thus, need to replace the equipment further fuels the demand for auxiliary equipment in a nuclear power plant.

The global nuclear power plant and equipment market is segmented based on reactor type, equipment type, and region. Based on reactor type, it is categorized into high temperature gas-cooled reactor (HTGR), pressurized water reactor (PWR), boiling water reactor (BWR), pressurized heavy water reactor (PHWR), fast breeder reactor (FBR), and others. By equipment type, the market is bifurcated into island equipment and auxiliary equipment. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Finding of the Nuclear Power Plant and Equipment Market:

·         The pressurized water reactor (PWR) segment accounted for nearly two-thirds share in the nuclear power plant and equipment market in 2017.

·         The auxiliary equipment segment is anticipated to grow with the highest CAGR of 3.9% during the forecast period.

·         Asia-Pacific is anticipated to grow at the highest rate in the nuclear power plant and equipment market during the forecast period.

·         North America occupied nearly one-seventh share in the global market in 2017.

In 2017, Europe and Asia-Pacific collectively accounted for more than three-fourths of the global nuclear power plant and equipment market, in terms of value. This is attributed to the growth in inclination toward nuclear energy.

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Furthermore, countries in Europe, such as Italy, Albania, Serbia, Croatia, Portugal, Norway, Poland, Belarus, Estonia, Latvia, Lithuania, Ireland, and Turkey are planning or starting nuclear power programs, among which Turkey is all set to construct its first nuclear power plant. The power shortages in Asia-Pacific and widespread air pollution issues have encouraged countries to look for clear energy source such as nuclear energy. China and India are the major countries contributing to the growth of the nuclear power plant and equipment market in Asia-Pacific.

The major players profiled in this study include Shanghai Electric Group Co., Ltd., Mitsubishi Heavy Industries, Ltd., Larsen & Toubro Limited, BWX Technologies, Inc., Dongfang Electric Corp. Ltd., ROSATOM (ROSATOM State Atomic Energy Corporation), Toshiba, Doosan Corporation, Korea Electric Power Corporation, and General Electric.

The other players in the value chain (not included in the report) include Hitachi, Ltd., Babcock and Wilcox, Orano, and Korea Hydro & Nuclear Energy.

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[lmrmarket]

Global Land Mobile Radio (LMR) System Market Size

According to recent market research report, Global Land Mobile Radio (LMR) System Market Size is expected to grow tremendously in future.Land Mobile Radio (LMR) is communication instruments that provides smooth and project critical voice communication and data services. The promoting deal with improving upon communication technologies among law enforcing businesses and public safety organizations is traditionally cruising the adoption of LMR systems. The key parties in the land mobile radio system market are restoring custom made guidance and usages to specialize in the organizations expanding wants, moreover looking in novel technologies and applications as a result of scientific examination and technology these days innovation.

LMR equipment is majorly introduced in defense, public safety, law enforcement, and emergency response applications. On the contrary, LMR systems are immediately increasingly being followed for high-quality communication extra business oriented sectors like for example transportation, construction, utilities, manufacturing, hospitality, healthcare, and others. The surge in requirement for land mobile radio system industry from emerging economies like for example Asia-Pacific and LAMEA, coupled with building up security measures in times of natural disasters, terrorist activities, and other difficulties is forecasted to support the growth of land mobile radio system market.

Land mobile radio systems, once in a while known as private land mobile radios or public land mobile radios are conversations approach utilized by terrestrial clients while on foot (portable land mobile radio) or in automobiles (mobile land mobile radio). Instance comprise of tow-way radios and walkie talkies. In many instances, each one of these products are installed as a standalone, nonetheless are usually affiliated with various stationary systems similar to cellular networks or public switched telephone network (PSTN). Land mobile radios increasingly identify utilization in military and only responder agencies which includes police department, fire rescue department, emergency and medical service providers, disaster preparedness organizations, or other home security organizations.The global land mobile radio system market Size is driven by factors such as increasing awareness of efficient mission critical communication in the defense and emergency response sector.