LONDON, Feb. 13, 2017 /PRNewswire/ -- The industrial cooking fire protection systems market focused on food manufacturing is expected to be worth USD 2.35 billion by 2020, growing at a CAGR of 6.2% between 2016 and 2020. The current marketplace is expected to be driven by the enhancing cooking equipment and techniques with better temperature distribution and control, faster cooking, less energy and labor costs, better sanitation, modularity, and flexibility. In addition, the sophisticated modelling techniques used in the heating units increase the need for effective fire protection systems in this field, thereby fostering the growth of this market.
"Robust demand for water mist suppression system during the forecast period"
The high growth rate of the water mist suppression system market is attributed to its effectiveness in suppressing fires within the cooking area and their high cooling effect. The CO2 suppression system is largely unsuccessful as it does not provide significant cooling of the oil or fryer metalwork, which may lead to re-ignition of fire.
"North America and APAC are the major markets for industrial cooking fire protection systems in food manufacturing industry"
North America held the largest share of the industrial cooking fire protection systems market in 2015. APAC is one of the potential markets for industrial cooking fire protection systems globally and is expected to grow at the highest rate during the forecast period. The increasing number of food processing plants is driving the industrial cooking FPS market in North America and APAC. In addition, stringent regulatory norms possessed by government agencies and associations for the prevention of fire accidents in industrial cooking areas drives this market.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people. The break-up of the profile of primary participants is given below:
- By Company Type: Tier 1 – 39 %, Tier 2 – 35%, and Tier 3 – 26%
- By Designation: C-Level Executives – 27%, Directors– 34%, and Others – 39%
- By Region: North America – 39%, Europe – 27%, APAC – 21%, and RoW – 13%
The report profiles the key players in the industrial cooking fire protection systems market with their respective share analysis. The prominent players profiled in this report are Honeywell International Inc. (U.S.), Johnson Controls Inc. (U.S.), Siemens AG (Germany), Tyco International Plc (Ireland), United Technologies Corporation (U.S.), Ansul Incorporated (U.S.), Emerson Electric & Co. (U.S.), Gentex Corporation (U.S.), Hochiki Corporation (Japan), Halma Plc (U.K.), Robert Bosch GmbH (Germany), Nitin Fire Protection Industries Ltd. (India), Minimax GmbH & Company KG (Germany), API Group Inc. (U.S.), National Fire Fighting Manufacturing Company (UAE), and Amerex Corporation (U.S.).
Research Coverage:The report provides a picture on industrial cooking fire protection systems for the food manufacturing sector. It aims at estimating the market size and future growth potential of this market across different segments such as product, service, and geographical region. Furthermore, the report also includes the industry trends, market dynamics, regulation analysis, and competitive analysis of the key players in the market, along with their company profiles, SWOT analysis, and recent developments.
Key Benefits of Buying the Report:The report would help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall industrial cooking fire protection systems focused on food manufacturing sector and the subsegments. This report would help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
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