Global Industrial Cooking Fire Protection Systems Market: Trajectory & Analytics (2020-2027) with COVID-19 Updates - ResearchAndMarkets.com

The "Industrial Cooking Fire Protection Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Friday, July 10, 2020
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Construction & Property, Other Manufacturing, Building Systems, Manufacturing, Physical security, Physical security information management, Security engineering, Surveillance
Summary
Key Points: 
  • The "Industrial Cooking Fire Protection Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • Amid the COVID-19 crisis, the global market for Industrial Cooking Fire Protection Systems estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at a CAGR of 5.1% over the period 2020-2027.
  • Fire Detection Systems, one of the segments analyzed in the report, is projected to grow at a 5.5% CAGR to reach US$1.3 Billion by the end of the analysis period.
  • This segment currently accounts for a 59.5% share of the global Industrial Cooking Fire Protection Systems market.


The "Industrial Cooking Fire Protection Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Industrial Cooking Fire Protection Systems Market to Reach US$3 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Industrial Cooking Fire Protection Systems estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at a CAGR of 5.1% over the period 2020-2027.

Fire Detection Systems, one of the segments analyzed in the report, is projected to grow at a 5.5% CAGR to reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fire Management Systems segment is readjusted to a revised 4.8% CAGR for the next 7-year period. This segment currently accounts for a 59.5% share of the global Industrial Cooking Fire Protection Systems market.

The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 7.8% CAGR for the Period of 2020-2027

The Industrial Cooking Fire Protection Systems market in the U.S. is estimated at US$582.6 Million in the year 2020. The country currently accounts for a 27.1% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$627.3 Million in the year 2027 trailing a CAGR of 7.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR while Rest of European market (as defined in the study) will reach US$627.3 Million by the year 2027.

The publisher brings years of research experience to this 9th edition of the report. The 184-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Ansul Inc.
  • API Group PLC
  • Emerson Electric Company
  • Gentex Corporation
  • Halma PLC
  • Hochiki Corporation
  • Honeywell International, Inc.
  • Johnson Controls International PLC
  • Johnson Controls, Inc.
  • Minimax GmbH & Company KG
  • National Fire Fighting Manufacturing Company
  • Nitin Fire Protection Industries Ltd.
  • Robert Bosch GmbH
  • Siemens AG
  • United Technologies Corporation (UTC)

Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/j3e8yx

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