DUBLIN--(BUSINESS WIRE)--The "Flame Detector Market with COVID-19 Impact, by Product (Single UC, Single IR, Dual UV/IR, Triple IR, Multi IR), Industry (Oil & Gas, Energy & Power, Chemicals, Aerospace & Defense, Logistics) and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global flame detector market was valued at USD 1.6 billion in 2019 and is projected to reach USD 2 billion by 2026; it is expected to grow at a CAGR of 4.2% from 2020 to 2026. Key players operating in the flame detector market are Johnson Controls (Ireland), United Technologies (US), Honeywell (US), Siemens (Germany) and Halma (UK).

The key factors driving the growth of the flame detector market are policies, regulations, and government initiatives, rising adoption of wireless technology in flame detection systems, and increasing human and property loss due to fire breakouts.

Market for single UV to account for largest market share during forecast period

The single UV segment is expected to continue to hold the largest market size during the forecast period. The growth of this segment can be attributed to the demand for flame detectors in oil & gas, chemicals, and energy & power industries. These detectors are best suited for locations in which hydrogen and hydrocarbon gases are used.

Single UV detectors are mainly used for indoor applications across various industries especially in oil & gas, transportation, manufacturing, mining, and energy & power utilities, where there are huge potential and use of indoor flame detectors. Following the pandemic of COVID-19, the market for flame detectors is expected to face a flat to decreasing growth curve in 2020 and 2021. Since fire protection systems are considered under essential businesses, the market for flame detectors is expected to be back on the growth curve from 2021.

Oil & gas industry to hold largest size during forecast period

The oil & gas industry is expected to hold the largest market size during the forecast period. In the oil & gas industry, the deployment of flammable and combustible materials is carried out, which includes petroleum, crude oil, flammable gases (such as butane), coal, and many others; these are combustible and thereby, to avoid fire, advanced flame detector systems are installed.

However, following the COVID-19 pandemic, the oil & gas industry has faced a major setback. The oil prices have reached an all-time low, and the companies involved in the industry have faced heavy losses. The decreased consumption of fuel has drastically reduced the demand for oil and gas.

North America is expected to capture largest market size during forecast period

The North American region is expected to hold the largest share of the flame detector market during the forecast period. The US and Canada are expected to be the largest consumers of flame detectors in North America. The increasing demand in the pharmaceutical industry in this region owing to the recent COVID-19 pandemic is expected to result in the large market share of flame detectors in the region.

The current pandemic has severely affected almost every industry across the world. Disrupted supply chain, reduced demand from local and global markets, and increased concerns regarding healthcare are a few of the challenges faced by almost every country in the world. The market for flame detectors in North America is estimated to experience a downward growth rate from 2019 to 2020 and exhibit a slightly positive growth rate from 2020 to 2021.

Research Coverage

The research report on the global flame detector market covers the market based on product, industry, and region. Based on product, the market has been segmented into single UV, single IR, Dual UV/IR, triple IR, and multi IR. Based on industry, the flame detector market has been segmented into oil & gas, energy & power, chemicals, aerospace & defense, logistics, mining, automotive, pharmaceuticals, marine, and other industries. The report covers four major regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Major players operating in the flame detector market include Halma (UK), Honeywell (US), Johnson Controls (Ireland), Siemens (Germany), United Technologies (US), Emerson Electric (US), Hochiki (Japan), MSA (US), Robert Bosch (Germany), Micropack Engineering (Scotland), Minimax Viking (Germany), Spectrex (US), Ciquirix (UK), Electro Optical Components (US), Fike Corporation (US), Fire & Gas Detection Technologies (US), Optris Infrared Sensing (US), Rezontech (South Korea), Sense-WARE (US), Teledyne Technologies (US), Trace Automation (India), and VFP Fire Systems (US).

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

3.1 Realistic Scenario

3.2 Pessimistic Scenario

3.3 Optimistic Scenario

4 Premium Insights

4.1 Attractive Opportunities in Flame Detector Market

4.2 Flame Detector Market, by Product

4.3 Flame Detector Market, by Industry and Region

4.4 Flame Detector Market, by Geography

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Policies, Regulations, and Government Initiatives

5.2.1.2 Rising Adoption of Wireless Technology in Flame Detection Systems

5.2.1.3 Increasing Human and Property Loss Due to Fire Breakouts

5.2.2 Restraints

5.2.2.1 Sluggishness in Oil & Gas and Automotive Industries Owing to COVID-19

5.2.2.2 High Initial Costs

5.2.2.3 Concerns Related to False Alarms and Detection Failure

5.2.3 Opportunities

5.2.3.1 Integration of Flame Detectors with IoT and Big Data

5.2.3.2 Periodic Revision of Regulatory Compliances

5.2.4 Challenges

5.2.4.1 Integration of User Interfaces With Fire Detection Solutions

5.3 Value Chain Analysis

5.4 Emerging Trends in Flame Detection

5.5 Flame Detectors Used for Operations

5.5.1 Ionization Current Flame Detectors

5.5.2 Thermocouple Flame Detectors

6 Flame Detector Market, by Product

6.1 Introduction

6.2 Optical Flame Detection Technology

6.3 Visual Flame Detection Technology

7 Flame Detector Market, by Connectivity

7.1 Introduction

7.2 Wired Flame Detectors

7.3 Wireless Flame Detectors

8 Services Related to Implementation of Flame Detectors

8.1 Introduction

8.2 Engineering Services

8.3 Installation and Design Services

8.4 Maintenance Services

8.5 Inspection and Managed Services

9 Flame Detector Market, by Industry

9.1 Introduction

9.2 Oil & Gas

9.3 Energy & Power

9.4 Chemicals

9.5 Aerospace & Defense

9.6 Logistics

9.7 Mining

9.8 Automotive

9.9 Pharmaceuticals

9.10 Marine

9.11 Others

10 Geographic Analysis

10.1 Introduction

10.2 North America

10.3 Europe

10.4 APAC

10.5 RoW

11 Competitive Landscape

11.1 Overview

11.2 Market Share Analysis for Flame Detector Market

11.3 Competitive Leadership Mapping

11.3.1 Visionaries

11.3.2 Dynamic Differentiators

11.3.3 Innovators

11.3.4 Emerging Companies

11.4 Competitive Situations & Trends

11.4.1 Product Launches

11.4.2 Acquisitions

11.4.3 Collaborations

11.4.4 Expansions

12 Company Profiles

12.1 Key Players

12.1.1 Halma

12.1.2 Honeywell

12.1.3 Johnson Controls

12.1.4 Siemens

12.1.5 United Technologies

12.1.6 Emerson Electric

12.1.7 Hochiki

12.1.8 MSA

12.1.9 Robert Bosch

12.1.10 Micropack Engineering

12.1.11 Minimax Viking

12.1.12 Spectrex

12.2 Right-to-Win

12.3 Other Key Players

12.3.1 Ciqurix

12.3.2 Electro Optical Components

12.3.3 Fike Corporation

12.3.4 Fire & Gas Detection Technologies

12.3.5 Optris Infrared Sensing

12.3.6 Rezontech

12.3.7 Sense-Ware

12.3.8 Teledyne Technologies

12.3.9 Trace Automation

12.3.10 VFP Fire Systems

For more information about this report visit https://www.researchandmarkets.com/r/g2rdqh

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