Sales of Fire Protection Systems for Industrial Cooking Set for Steady Growth, Opportunities Remain Concentrated in North America

VALLEY COTTAGE, N.Y. – Worldwide installation of fire protection systems in industrial cooking sector reached 56.3 Mn units in 2018, and the number is set to grow by 4.7% in 2019, according to Future Market Insights’ new research reports. Gains remain primarily driven by rapid expansion of commercial kitchens and food processing units to sustain the needs for growing populace.

FMI’s analysts find that the fire protection system market, catering to industrial cooking landscape, remains heavily driven by stringent regulations and compliance. As fire protection becomes a condition to insure properties where industrial cooking takes place, the market is expected to grow on a significant pace during the forecast period (2019-2029).

Download the Sample of Report with Table of Contents and Figureshttps://www.futuremarketinsights.com/reports/sample/rep-gb-1633

Innovations
in Fire Management Systems to Pick Pace

As compared to fire detection system, fire management system
is witnessing a growing frequency of innovations.  According to FMI’s report, 6 in 10 fire
protection units installed in industrial cooking sector in 2018 were based on fire
management system. Market stakeholders thus remain specifically focused in this
category. Companies are also targeted towards developing new methods of
approaching fire-related threats in the industrial cooking space.

FMI’s analysts opine that industrial kitchens and food processing units have a large amount of flammable substances, potential fire sources, and risk of rapid spreading. The result is expected to lead to increased demand for fire management system, especially fire suppression system. Moreover, global sales of fire suppression systems is projected to grow at a CAGR of 5% during the forecast period.

Preview Analysis of 2019 Analysis and Review of Fire Protection Systems for Industrial Cooking Market by Product – Fire Detection Systems, Fire Management Systems, and Fire Response Systems for 2019 – 2029:https://www.futuremarketinsights.com/reports/fire-protection-systems-market

In recent years, virtual or cloud kitchen has been rising in
popularity, amid booming food delivery market which has compelled foodservice
operators to trade-off dine-in experience and expand their delivery business.
This, in turn, has significant contributed to the demand for fire protection
systems. As per FMI’s report, adoption of fire protection system by industrial
kitchens accounted for 70% of total sales in 2018. Given consideration to rapid
expansion of food processing units, in the view of ever-increasing demand for
ready-to-eat or convenience food, manufacturers are tapping new opportunities
in the sector.

Sales to
Ramp up in North America and Europe

FMI’s report reveals that developed countries continue to offer greater opportunities due to greater awareness of new fire protection technologies along with growing government initiatives to renovate old industrial cooking infrastructure to improve safety factors. In 2018, North America and Europe collectively accounted for more than half of total sales of fire protection systems.

Buy this report @ https://www.futuremarketinsights.com/checkout/1633

High growth prospects are also expected in East Asian
countries, attributing to rise of dine-out culture and subsequent sprung in
number of commercial kitchens and foodservice outlets in the region.

“Fire stands amongst the most significant risks to the industrial cooking sector. In addition to complying with guidelines set by regulatory bodies, manufacturers will need to come up with new technologies and products that fit most industrial layouts as well as connect end users with most popular trends,” says FMI’s analyst.

Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-1633

More from Industrial Automation & Equipment Market Insights:

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Contact Us

Mr. Abhishek Budholiya
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremarketinsights.com
Website: https:www.futuremarketinsights.com

FMI Blog

Leave a Reply

Your email address will not be published. Required fields are marked *