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).
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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.
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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.
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