Key Findings of the Global Fire and Gas Detection System Market| Technavio

LONDON–(BUSINESS WIRE)–#Automation–Market research firm Technavio
has announced the release of their latest report on the global
fire and gas detection system market. This new report will
provide expert market insights for the forecast period 2018-2022.

The report will follow up on Technavio’s previous fire and gas detection
system research, offering an up-to-date analysis of the market
concerning the current market scenario, latest trends and drivers, and
the overall global environment.

The upgraded research report on the fire and gas detection system market
is an integral part of Technavio’s automation
portfolio. Technavio covers an extensive range of market research
reports on the automation sector, providing strategic insights on
various aspects of the industry. Some of the topics include industrial
valves market in oil and gas industry, industrial automation control
market, industrial sensors market, and building automation and control
systems market.

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

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Global opportunities for growth

Technavio’s previous report on the global
fire and gas detection system market projected that the EMEA
showed the highest potential in 2015, with a market share of 42%, as
compared to the Americas and APAC. The Middle East had the world's
largest oil and gas extraction and production facilities. The need for
fire and gas detection systems has increased in this region due to the
growth in oil production and the need to abide by the regulatory bodies.
Oil production increased with the rise in E&P activities, which, in
turn, escalated the risk of fire incidents. Players are investing
heavily in spreading awareness of safety systems among employees as well
as designing advanced equipment.

In the previous report, a senior research analyst at Technavio stated,
“The decrease in the price of IR systems is a key growth driver for the
market. This decline can be attributed to the growth in the number of
local and regional suppliers. Players in the market are offering IR
sensors with a high level of customization that is comparatively cheaper
than those of global suppliers. Suppliers had to reduce the cost of
their products. The decline in costs and miniaturization led to an
increase in the adoption of IR sensors in fire and gas detection
systems.”

Technavio’s new report on the global fire and gas detection system
market will evaluate the key geographical regions and their behavior
over the past four years, introducing new data and observations and
providing new predictions.

Looking for the latest information on the global fire and gas
detection system market? Request
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Detailed analysis at your fingertips

Some of the topics that will be revisited in the new report include:

• Market size and growth rate through 2022
• Top factors driving the market growth
• Emerging trends in the market
• Market opportunities and factors impeding growth

The report on the global
fire and gas detection system market for the period 2018-2022 is
available to order now and will be delivered within one week of purchase.

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