Global Fire And Gas Detection Overview
Introduction
Fire and Gas Detection System Market was valued at US$ 14.7 Billion in 2024 and is projected to grow at a CAGR of 11.00% to reach US$ 38.3 Billion by 2034.
The fire and gas unit is a plant's protection system unit. This system will detect a threatening hazard and will respond with the activation of a final control element to prevent harm to personnel or damage to equipment. The fire and gas systems must be checked regularly for functionality on a routine basis. Fire and gas detection system consist of detection equipment such as logic solver controls and alarms, fire and smoke detectors, and mitigation functions that include fire dampers and suppression systems. Logic solver is the main control unit of the overall Fire and Gas detection and control system. The controller receives alarm and status or analog signals from field monitoring devices required for fire and gas detection.
The advent of 3D fire and gas mapping tool is one of the major trends driving growth of the fire and gas detection system market. The 3D fire and gas mapping tool help in quick and reliable detection of gas/fire release. This is one of the most crucial aspects in ensuring the safety of an industrial plant. Additionally, rising production of shale gas is the factor propelling the growth of the global market. Shale gas exploration is a process which emits large amounts of methane (CH4) which requires fast and reliable detection to minimize accidents in industrial plants. Thus, the rise in production of shale gas will create a demand for global fire and gas detection systems market over the forecast period. However, high maintenance cost of fire and gas detection systems is one of the major factors hindering the growth of the global market. Fire and gas detection systems require testing after every 90 days to maintain calibrated standards. Periodic maintenance of these systems is necessary to avoid accidents and casualties. The high maintenance cost is preventing end users from adopting fire and gas detection systems, thus impeding the growth of the fire and gas detection system market.
Fire and gas detection system market is segmented based on end-user and region.
On the basis of end-user, the global market is segmented into oil and gas, chemical and petrochemical, and pharmaceutical. The oil and gas end-user segment held the largest market share in 2018. This end-user segment will dominate the global market over the forecast period.
On the basis of region, the fire and gas detection system market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Europe accounts for the largest share market in terms of revenue. The Middle East is a hub for the world’s largest oil and gas extraction and production facilities. Growing oil production and the need to abide by the regulatory bodies in the region have surged the need for Fire and gas detection systems. Oil production has increased with the rise in E&P activities, raising the risk of fire incidents. Companies are also investing in spreading awareness of safety systems among employees and design advanced equipment. Asian Pacific is expected to dominate the global market over the forecast period.
The key players operating in the fire and gas detection system market includes ABB Ltd, Honeywell, Inc., Rockwell Automation, Inc., Schneider Electric S.E, Yokogawa Electric Corporation, Autronica AS, Emerson Process Management Ltd., Esoterica Automation, GIL Automation Corp. Ltd., and Hochiki Corporation.
Global Fire And Gas Detection Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By End-User
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Merger and Acquisitions
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Dynamics
- Market Segmentation, By End-User, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 — 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Oil & Gas
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Chemical & Petrochemical
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Pharmaceutical
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Global Market, By Region, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 — 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By End-User, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By End-User, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By End-User, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By End-User, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By End-User, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- ABB Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Honeywell, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Rockwell Automation, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Schneider Electric S.E.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Yokogawa Electric Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Autronica AS
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Emerson Process Management Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Esoterica Automation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- GIL Automation Corp. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Hochiki Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- ABB Ltd.
- Analyst Views
- Section
- Research Methodology
- About Us
- Contact
FAQs
Fire and Gas Detection System Market accounted for US$ 14.7 Billion in 2024 and is estimated to be US$ 38.3 Billion by 2034 to grow at CAGR of 11.00 %
Fire and gas detection system market is segmented based on end-user and region
The key factors driving the Fire and Gas Detection System Market include stringent safety regulations, technological advancements, increasing industrialization, and growing awareness about workplace safety.
The report considers regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is expected to dominate the Fire and Gas Detection System Market due to rapid industrialization and increasing safety regulations.
The key players operating the target market includes, ABB Ltd, Honeywell, Inc., Rockwell Automation, Inc., Schneider Electric S.E, Yokogawa Electric Corporation, Autronica AS, Emerson Process Management Ltd., Esoterica Automation, GIL Automation Corp. Ltd., and Hochiki Corporation.