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Industrial Cooking Fire Protection System Market

Industrial Cooking Fire Protection System Market

by Product Type  (Fire Alarm Type, Detector Type), by Connectivity (Wired, Wireless), by End Use (Restaurants and Hotels, Food and Beverage, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A09789
Pages: 172
Jan 2023 | 2107 Views
Author(s) : Tanuj B , Vineet K
Tables: 134
Charts: 53
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Industrial Cooking Fire Protection System Market Research, 2031

The global industrial cooking fire protection system market was valued at $34.3 billion in 2021, and is projected to reach $71.9 billion by 2031, growing at a CAGR of 8.3% from 2022 to 2031.

Commercial and industrial kitchens and food processing facilities have fire prevention systems and fire detection management systems built to assist fight fires before they start and lessen their impact on lives and property. High-energy cooking equipment used in industrial food processing facilities makes them vulnerable to fire mishaps that could result in irreparable loss of life or property. Commercial-sized cooking equipment that burns hydrocarbons and produces a considerable amount of heat or energy is used in commercial kitchens and food processing facilities that conduct cooking activities in Industrial cooking fire protection system industry. Deep-fat fryers, industrial oil cookers, and other equipment are only a few examples of the commercial cooking supplies utilised in industrial cooking fire protection system industry.

The outbreak of COVID-19 has significantly impacted the growth of global industrial cooking fire protection system market in 2021, owing to a significant impact on prime players operating in the supply chain. However, increasing awareness of the risks of cooking fires, and strict government regulations are expected to impact market growth favourably over the forecast period during the COVID-19 pandemic. On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as a lack of skilled workforce availability and delay or cancelation of projects, owing to partial or complete lockdown globally. Furthermore, increased demand for commercial and industrial kitchens and development of new technologies, such as advanced fire suppression systems and intelligent fire detection systems, has made industrial cooking fire protection systems more efficient and cost-effective, which has helped to drive the market for these systems.

Industrial Cooking Fire Protection System Market

The introduction of technology and the remodelling of commercial kitchens for improved efficiency are driving factors in the growth of the market for industrial cooking fire protection systems. The necessity to provide commercial kitchens that employ high-energy cooking equipment with protection against fire threats is another factor driving the market. The industry is also expanding as a result of strict laws, particularly in developed nations, requiring industrial cooking operations to have reliable fire protection and fire detection systems. The development of cutting-edge fire protection systems is under progress as a result of the growth of commercial food processing facilities and the increased demand for food that has been prepared commercially. The development of effective and reliable fire prevention systems is being heavily funded by manufacturers of fire protection systems. Meat and fish processing plants, dairy product plants, sugar and confectionery manufacturing facilities, tortilla and bread product manufacturing facilities are some of the major food processing businesses that include fire protection systems.

Installation of an autonomous fire prevention system is the most dependable solution against fire threats in commercial food processing units as technology penetrates enterprises for efficient operations. Compared to conventional water-based fire suppression systems, automatic fire prevention systems actually mitigate the negative impacts of an accident. This is due to the fact that typically used wet sprinkler systems deliver water that puts out fires but severely damages machinery. To counteract fire risks at commercial food processing facilities, Honeywell has created Fire Alarm Aspirating Detecting Technology (FAAST), the company's next-generation fire sensing technology. Aspiration smoke detection technology advancements are improving these processing units' safety while reducing the frequency of false fire alarms.

The global industrial cooking fire protection system market is expected to witness notable growth during the forecast period, owing to increase in demand for water mist suppression system and the need to offer protection against fire risks to industrial kitchens. Moreover, development of wireless and remote function cooking fire protection system is expected to propel the industrial cooking fire protection system market growth during the forecast period. However, cost is often the primary factor while choosing a new cooking fire protection system and hence it is the prime factors that restrain the global industrial cooking fire protection system market growth.

The industrial cooking fire protection system market is segmented into Product Type , Connectivity and End Use.

Industrial Cooking Fire Protection System Market
By Product Type 

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Fire alarm type segment is anticipated to acquire highest market share during the forecast period.

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On the basis of product type, the market is divided into fire alarm type, and detector type. In 2021, the fire alarm type segment dominated the industrial cooking fire protection system market size, in terms of revenue, and will acquire major market share till 2031.

Industrial Cooking Fire Protection System Market
By Connectivity

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Wired segment will garner highest market share during the forecast period.

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Based on connectivity, the market is segregated into wired and wireless. The wired segment acquired the largest industrial cooking fire protection system market share in 2021 and is expected to grow at a significant CAGR from 2022 to 2031.

Industrial Cooking Fire Protection System Market
By End Use

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Restaurants and Hotels is anticipated to dominate the market during the forecast period.

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On the basis of end use, the market is divided into restaurants and hotels, food and beverage, and others. In 2021, the restaurants and hotels segment dominated the market, in terms of revenue, and is expected to follow the same trend during the forecast period.

Industrial Cooking Fire Protection System Market
By Region

2031
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific region garnered significant market share during the forecast period.

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Region-wise, the Industrial Cooking Fire Protection System Market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America and Asia-Pacific remains a significant participant in the Industrial Cooking Fire Protection System Market. Major organizations and government institutions in the country are intensely putting resources into technology to understand the industrial cooking fire protection system market overview.

Country-wise, the U.S. acquired a prime share in the industrial cooking fire protection system market in the North American region and is expected to grow at a high CAGR of 7.67% during the forecast period of 2022-2031. Canada, holds a dominant position in the industrial cooking fire protection system market, owing to the rise in investment by prime vendors to boost industrial cooking fire protection system solutions.

In Europe, UK, dominated the industrial cooking fire protection system market, in terms of revenue, in 2021 and is expected to follow the same trend during the forecast period. However, the Germany is expected to emerge as the fastest-growing country in Europe's satellite communication system with a CAGR of 8.57%, owing to a significant development in the industrial cooking and other sectors in the country.

In Asia-Pacific, China is expected to emerge as a significant market for the industrial cooking fire protection system, owing to a significant rise in investment by prime players and government institutions to safe guard the property of restaurants, hotels, fast food chains and diners.

By LAMEA region, the Middle East country garner significant market share in 2021. The LAMEA industrial cooking fire protection system market has been witnessing improvement, owing to the growing inclination of companies towards research and development for enhanced fire protection systems for food and beverage end use across this region. Moreover, the Latin America region is expected to grow at a high CAGR of 7.36% from 2022 to 2031.

Carrier Global Corporation, Eaton Corporation Plc, Halma Plc, Hochiki Corporation, Honeywell International Inc, Johnson Controls International Plc, Napco Security Technologies Inc, Nittan Company Limited, Robert Bosch GmbH, and Siemens AG are the top  companies holding a prime share in the industrial cooking fire protection system market. Top market players have adopted various strategies, such as product launch, acquisition, innovation, partnership, and others to expand their foothold in the industrial cooking fire protection system market.

  • In February 2020, Halma PLC announced the acquisition of Sensit Technologies, LLC (“Sensit”), a gas leak detection company based in Indiana, USA. Sensit will become part of Halma’s Process Safety sector and will continue to be led by its existing management team from its current location.
  • In January 2022, NAPCO Security Technologies  launched a FREE "NAPCO StarLink FACP-Saver Calculator App" for Dealers' smart devices. The FREE StarLink FireR. Savings Calculator App helps show prospective enduser/customers their actual annual savings with StarLink cellular vs. copper POTS lines on their Fire Alarm Control Panels.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial cooking fire protection system market analysis from 2021 to 2031 to identify the prevailing industrial cooking fire protection system market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the industrial cooking fire protection system market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global industrial cooking fire protection system market trends, key players, market segments, application areas, and market growth strategies.

Industrial Cooking Fire Protection System Market Report Highlights

Aspects Details
Market Size By 2031 USD 71.9 billion
Growth Rate CAGR of 8.3%
Forecast period 2021 - 2031
Report Pages 172
Product Type 
  • Fire Alarm Type
  • Detector Type
Connectivity
  • Wired
  • Wireless
End Use
  • Restaurants and Hotels
  • Food and Beverage
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players CARRIER GLOBAL CORPORATION, Eaton Corporation Plc, Halma plc, Honeywell International Inc., Napco Security Technologies, Inc., NITTAN COMPANY, LIMITED, Siemens AG, Hochiki Corporation, Johnson Controls International plc, Robert Bosch GmbH
 

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The industrial cooking fire protection system market is going through enormous transformation and growth. The factors such as increased rate of fire safety system deployment in commercial cooking area and rise in awareness among residents for fire detection systems drives growth of the market. Moreover, advancement of fire detection and alarming devices fuels the market growth. On the contrary, development of wireless and remote function fire protection system creates lucrative growth opportunities for the market.

In addition, advancement of fire protection devices is projected to propel growth of the market during forecast period. However, the high initial costs along with concerns related to false alarms & detection failure may restrain the market growth.

The industrial cooking fire protection system market is competitive and comprises a number of regional and global vendors competing based on factors such as cost of hardware, software, & services; reliability; efficiency; and cost of the product, and support services. Owing to the competition, vendors operating in the market are offering advanced fire protection system solutions to improve the marketing strategies of enterprises. For instance, in September 2019, ABB launched new Alarm-Stick, which integrates ABB’s smoke, heat and carbon monoxide (CO) detectors into ABB-free home.

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FREQUENTLY ASKED QUESTIONS?

A. Increased adoption of advanced fire suppression systems is the upcoming trends of Industrial Cooking Fire Protection System Market in the world.

A. Restaurants and hotels are the leading application of Industrial Cooking Fire Protection System Market.

A. Asia-Pacific is the largest regional market for Industrial Cooking Fire Protection System.

A. The global industrial cooking fire protection system market was valued at $34,291.01 million in 2021.

A. Carrier Global Corporation, Eaton Corporation Plc, Halma Plc, Hochiki Corporation, Honeywell International Inc, Johnson Controls International Plc, Napco Security Technologies Inc, Nittan Company Limited, Robert Bosch GmbH, and Siemens AG.

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