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(IT-NEWSWIRE.COM, September 07, 2018 ) The report "Industrial Cooking Fire Protection Systems Market for Food Manufacturing by Product (Fire Detection Systems (Flame, Smoke, Heat), Fire Management Systems), Service, Geography - Global Forecast to 2020", The industrial cooking fire protection systems market for the food manufacturing sector was valued at USD 1.74 Billion in 2015 and is expected to reach USD 2.35 Billion by 2020, at a CAGR of 6.2% during the forecast period.
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The industrial cooking fire protection systems market for the food manufacturing sector was valued at USD 1.74 Billion in 2015 and is expected to reach USD 2.35 Billion by 2020, at a CAGR of 6.2% during the forecast period. The food processing plants involving cooking operations have large cooking areas consisting of cooking equipment that use hydrocarbon and release a considerable amount of heat or energy. The industrial cooking equipment include industrial oil cookers, deep fat fryers, ovens, and other equipment used in the food processing industry. Fire detection and management systems are used in these cooking areas to protect the cooking equipment to help prevent the damages from fires, reduce the impact of uncontrolled fires, thereby saving lives and properties. The food processing plants considered for the study includes meat and fish products processing, dairy products manufacturing, bakeries and tortilla manufacturing, and sugar and confectionary manufacturing, among others. The growth of the market is propelled by the technological enhancements and innovations in cooking equipment and techniques. In addition, stringent regulatory norms possessed by various government agencies and associations for the prevention of fire accidents in industrial cooking areas are also the fostering the growth of this market.
The scope of this report covers the industrial cooking fire protection systems market for the food manufacturing sector on the basis of product, service, and geographical region. Fire management systems held the largest share of the market for the food manufacturing sector on the basis of product. Water mist suppression systems are expected to lead the current fire extinguishing system market and the market for the same is expected to grow at the highest CAGR between 2016 and 2020. In the fire detection systems market for industrial cooking systems for the food manufacturing sector, flame detectors held the largest market share in 2015 and is expected to grow at the highest CAGR between 2016 and 2020. On the basis of services, the market for installation and design services held the largest market share and is expected to register the highest growth rate during the forecast period.
North America held the largest share of the industrial cooking fire protection systems market for the food manufacturing in 2015, while the market in the APAC region is expected to grow at the highest CAGR during the forecast period. In 2015, the intensity of competitive rivalry, threat of new entrants, and bargaining power of buyers had a high impact on the industrial cooking fire protection systems market.
The major factor restraining the growth of this market is the high implementation and maintenance costs involved in the fire suppression systems. The major players in this market include 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.), and Robert Bosch GmbH (Germany), among others.
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