Global Fire Protection Equipment Market for Wind Power Systems – Key Drivers and Forecast from Technavio

June 20, 2017

#Research--Technavio analysts forecast the global fire protection equipment market for wind power systems to grow to USD 3.52 billion by 2021, at a CAGR of close to 10% over the forecast period, according to their latest report.

The research study by Technavio on the global fire protection equipment market for wind power systems for 2017-2021 provides a detailed industry analysis based on the geography (EMEA, the Americas, and APAC) and application (onshore and offshore applications).

The fire protection equipment for wind power systems detect fire in wind turbines and initiate a process that automatically extinguishes the fire. The global fire protection equipment market for wind power systems is expected to grow significantly, owing to the rising fire accidents in wind turbines, which are increasing wind energy consumption and expanding offshore installations.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Technavio analysts highlight the following three factors that are contributing to the growth of the global fire protection equipment market for wind power systems:

Rise in wind energy consumption
Supportive regulatory actions
Increase in offshore installations

Rise in wind energy consumption

Countries worldwide are slowly shifting their focus toward renewable energy sources because of the depletion of conventional sources of energy and to curb greenhouse gas (GHG) emissions. Wind power is considered to be the most efficient source of power generation and also one of the most abundant sources of alternative energy. According to GWEC, China is the leading country in terms of cumulative installed wind power capacity.

“With increased wind energy consumption, we expect the demand for wind turbines to increase rapidly. This increase in the number of wind turbine installations is propelling the demand for fire protection equipment in wind power systems, as they help in protecting the turbines against fire,” says Thanikachalam Chandrasekaran, a lead analyst at Technavio for power research.

Supportive regulatory actions

The fire protection equipment for wind power system is receiving significant governmental support, greatly enhancing its adoption rates. For instance, the revised edition of the National Fire Protection Association’s (NFPA) 850 identifies the hazards and protections for wind-power facilities. Similarly, manufacturers in Europe are expected to comply with the section 1.5.6 of the 2006/42/EC Machinery Directive which states that machinery must be designed and constructed in a way to avoid any risk of fire or overheating from both internal and external sources. With the regulatory support of government worldwide, there is an increasing need for fire protection equipment in wind turbines.

Increase in offshore installations

“Offshore wind energy installations have been present in small numbers until now. However, countries worldwide are making heavy investments in installing offshore wind farms. Several governments have committed to installing more offshore wind power despite some inherent difficulties,” says Thanikachalam.

Countries such as the US, Japan, China, South Korea, and India are expected to experience increased number of projects in offshore wind. Given that these offshore wind parks require investments on a higher end and human intervention is difficult in the region in the event of an emergency, the automatic fire extinguishing systems are mandatory in these parks.

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Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like energy storage, smart grid, and oil and gas. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

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LONDON–(BUSINESS WIRE)–#Research—Technavio
analysts forecast the global
fire protection equipment market for wind power systems to
grow to USD 3.52 billion by 2021, at a CAGR of close to 10% over the
forecast period, according to their latest report.

The research study by Technavio on the global
fire protection equipment market for wind power systems for
2017-2021 provides a detailed industry analysis based on the geography
(EMEA, the Americas, and APAC) and application (onshore and offshore
applications).

The fire protection equipment for wind power systems detect fire
in wind turbines and initiate a process that automatically
extinguishes the fire. The global fire protection equipment market
for wind power systems is expected to grow significantly, owing to
the rising fire accidents in wind turbines, which are increasing
wind energy consumption and expanding offshore installations.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

Technavio analysts highlight the following three factors that are
contributing to the growth of the global fire protection equipment
market for wind power systems:

Rise in wind energy consumption
Supportive regulatory actions
Increase in offshore installations

Rise in wind energy consumption

Countries worldwide are slowly shifting their focus toward renewable
energy sources because of the depletion of conventional sources of
energy and to curb greenhouse gas (GHG) emissions. Wind power is
considered to be the most efficient source of power generation and also
one of the most abundant sources of alternative energy. According to
GWEC, China is the leading country in terms of cumulative installed wind
power capacity.

“With increased wind energy consumption, we expect the demand for
wind turbines to increase rapidly. This increase in the number of wind
turbine installations is propelling the demand for fire protection
equipment in wind power systems, as they help in protecting the turbines
against fire,” says Thanikachalam Chandrasekaran, a lead analyst
at Technavio for power
research.

Supportive regulatory actions

The fire protection equipment for wind power system is receiving
significant governmental support, greatly enhancing its adoption rates.
For instance, the revised edition of the National Fire Protection
Association’s (NFPA) 850 identifies the hazards and protections for
wind-power facilities. Similarly, manufacturers in Europe are expected
to comply with the section 1.5.6 of the 2006/42/EC Machinery Directive
which states that machinery must be designed and constructed in a way to
avoid any risk of fire or overheating from both internal and external
sources. With the regulatory support of government worldwide, there is
an increasing need for fire protection equipment in wind turbines.

Increase in offshore installations

“Offshore wind energy installations have been present in small
numbers until now. However, countries worldwide are making heavy
investments in installing offshore wind farms. Several governments have
committed to installing more offshore wind power despite some inherent
difficulties,” says Thanikachalam.

Countries such as the US, Japan, China, South Korea, and India are
expected to experience increased number of projects in offshore wind.
Given that these offshore wind parks require investments on a higher end
and human intervention is difficult in the region in the event of an
emergency, the automatic fire extinguishing systems are mandatory in
these parks.

Browse Related Reports:

Become a Technavio
Insights member and access all three of these reports for a
fraction of their original cost. As a Technavio Insights member, you
will have immediate access to new reports as they’re published in
addition to all 6,000+ existing reports covering segments like energy
storage, smart
grid, and oil
and gas. This subscription nets you thousands in savings,
while staying connected to Technavio’s constant transforming research
library, helping you make informed business decisions more efficiently.

About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 630 333 9501
UK: +44 208 123 1770
www.technavio.com