The global fire protection system for the industrial cooking market is anticipated at USD 4.8 billion in 2022. Demand is likely to remain high for fire protection systems for industrial cooking during the assessment period.
This is due to the increased awareness about safety and security and garnering USD 9.3 billion in 2033, recording a CAGR of 6.2% from 2023 to 2033. The market is likely to secure USD 5.1 billion in 2023.
Data Points | Key Statistics |
---|---|
Fire Protection Systems for Industrial Cooking Market Size Value in 2023 | USD 5.1 billion |
Fire Protection Systems for Industrial Cooking Market Forecast Value in 2033 | USD 9.3 billion |
Global Growth Rate | 6.2% CAGR |
Forecast Period | 2023 to 2033 |
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Historical CAGR (2018 to 2022) | 5.4% |
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Forecasted CAGR (2023 to 2033) | 6.2% |
The fire protection system for the industrial cooking market is expected to grow at a 6.2% CAGR between 2023 and 2033, up from the 5.4% CAGR recorded during 2018-2022, predicts Future Market Insights (FMI).
The ongoing technological advancements in the field of fire protection systems are likely to drive growth in this market over the forthcoming years. Features, such as video surveillance and intrusion detection are anticipated to gain momentum in numerous industries worldwide.
The availability of inexpensive automatic fire suppression systems that can provide lesser interruption and high flexibility during and after installation because of the lack of drilling and cable requirements is also set to spur the market.
The increasing inclination of customers towards hassle-free installation processes and space optimization is estimated to drive the sales of wireless fire management systems.
In January 2022, Argus Spectrum International showcased Streletz-PRO, its latest wireless fire detection system at the Intersec 2022 in Dubai. It is equipped with unique technical specifications, including 126 expanders in the network, a 1200-meter communication range in free air, and 10-year battery life. The ongoing development of similar other wireless devices by key players globally is anticipated to boost the market.
Government Policies Affecting the Fire Protection Systems for Industrial Cooking Market
Governments of various countries are expected to create strict norms for fire safety and management stoked by the increasing cases of fire outbreaks in the industrial sector. The urgent need to replace or renovate old fire and security systems is likely to create high demand for portable fire suppression systems in the future.
As per the National Fire Protection Association (NFPA), in 2020, around 3,500 civilian deaths and 15,200 civilian injuries occurred due to fire in the USA The same year, local fire departments responded to approximately 1,338,500 fires and the total property damage was worth USD 21.9 billion. The increasing number of cases of fire outbreaks in other parts of the world is set to bode well for the market in the near future.
Cloud Kitchens Helping the Fire Protection Systems for Industrial Cooking Market to Grow
The introduction of innovative cooking methods, food service equipment, robotic appliances, and next-generation ingredients across the globe is projected to increase the risk of fire outbreaks in commercial kitchens. Many companies are thus aiming to create novel methods of approaching fire-related threats in food processing units, as well as commercial kitchens.
Rebel Foods, for instance, announced in February 2022 that it is planning to scale up its operations of developing and running virtual restaurant brands in India and various parts of the world backed by the surging adoption of its services amid the COVID-19 pandemic.
The company has reached a milestone by opening 28 new outlets of the USA fast-food giant, Wendy’s in 9 Indian cities. It is currently aiming to build 200 Internet restaurants in the next 2 years. The rapid development of cloud kitchens in several countries worldwide is set to drive the sales of portable fire suppression systems.
Demand for Advanced Fire Safety Equipment Will Surge in the United States
The increasing government initiatives in the United States to renovate conventional infrastructure for improving safety and the growing adoption of novel technologies by various industries are set to drive the market in the evaluation period. According to FMI, North America fire protection systems for the industrial cooking market are likely to account for about 29.2% of the share in 2023.
The rapid development of personalized vocal smoke alarms, integrated voice evacuation and messaging systems, water mist systems, throwable fire extinguishers, and sound wave fire extinguishers in the USA is another crucial factor that is projected to propel the market. Key companies based in this country are focusing on investing huge sums in the development of cloud or virtual kitchens, which would positively affect the sales of fire safety equipment.
Stringent Industrial Fire Safety Standards to Boost Sales of Automatic Fire Suppression Systems
The implementation of strict industrial fire safety standards and regulations by the United Kingdom government is set to lead to the rising focus of manufacturers on the development of high-return products, which is projected to fuel the market. Europe fire protection systems for industrial cooking market are estimated to generate approximately 25.2% of the share in 2023, finds FMI.
In February 2022, for instance, Michael Andrew Gove, Secretary of State for Levelling Up, Housing and Communities, put forward new measures to make the industry pay for building safety.
Protections for leaseholders were extended to cover other fire safety defects as per the new norms. The implementation of similar other regulations by the government is anticipated to augment the demand for automatic fire suppression systems in the United Kingdom.
Commercial Kitchens in China are Utilizing Portable Fire Suppression Systems
The rising number of commercial kitchens in China owing to the increasing popularity of Quick Service Restaurants (QSRs) among millennials and the growing disposable income of people is likely to bolster the demand for portable fire suppression systems. East Asia fire protection systems for the industrial cooking market are expected to hold around 20.2% of the share in 2023, estimated by FMI.
In January 2022, Li Bang International, a leading provider of kitchen equipment, announced that it has filed to raise USD 17.25 million in an IPO to broaden its commercial kitchen and stainless steel kitchen equipment businesses.
In June 2021, the company has booked a fair market value investment of USD 2.6 million from various investors. Similar initiatives by renowned commercial kitchen equipment companies in China are set to propel the market.
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Pumps and Extinguishers are the Most Popular Fire Protection Devices
Based on product, the fire management system segment is projected to remain at the forefront in the global fire protection systems for industrial cooking market.
The increasing number of awareness programs conducted by government and private agencies in both developed and emerging economies to educate the masses about the importance and availability of effective fire management systems is estimated to bolster the segment.
Fire suppression systems, such as fire extinguishers and fire pumps are expected to exhibit high demand in the upcoming years backed by the growing adoption of flammable substances in commercial kitchens. The latest fire management systems are relatively low cost, as compared to the other types of fire protection devices and this is set to auger well for the segment.
Food Processing Units Are Increasingly Adopting Advanced Fire Safety Equipment
By end use, the food processing units segment is anticipated to generate the largest fire protection systems for industrial cooking market share in the assessment period. The rising preference for functional and healthy food items from consumers across the globe is set to compel manufacturers to adopt cutting-edge fire safety equipment in their facilities with the increasing usage of complex machinery.
The ongoing expansion of food manufacturing capacities by major organizations owing to the surging demand for convenient and ready-to-eat meals is another factor that is estimated to drive the segment. The growing popularity of on-the-go snacking trends, especially in developed countries is also set to propel the segment.
The global fire protection systems for industrial cooking market is highly fragmented with the presence of numerous integrators, service providers, and installers. Most of the key players operating in the global market are focusing on the development of novel products to cater to the various needs of customers worldwide.
A few other companies are aiming to participate in prominent exhibitions to showcase their in-house fire protection devices to attract more customers and generate high shares.
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Report Attribute | Details |
---|---|
Growth Rate | CAGR of 6.2% from 2023 to2033 |
Market Value in 2023 | USD 5.1 billion |
Market Value in 2033 | USD 9.3 billion |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
Product, End-Use, Region |
Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel, Rest of MEA |
Key Companies Profiled |
Honeywell International Inc.; Siemens AG; United Technologies Corporation; Emerson Electric & Co.; Halma Plc; Hochiki Corporation; Johnson Controls International Plc.; Gentex Corporation; Robert Bosch GmbH; Rotarex; Swastik Synergy Engineering Private Limited; NAFFCO FZCO; Integrated Fire Protection Pvt. Ltd.; Amerex Fire International Ltd.; Solas Fire Safety Equipment (P) Ltd. |
The market is valued at USD 5.1 billion in 2023.
Siemens AG and United Technology Corporation are key market players.
The food processing units sector is likely to remain preferred through 2033.
Players opt for mergers and acquisitions.
India, Japan, and China dominate the Asian market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Fire Detection System 5.1.1. Flame Detectors 5.1.2. Smoke Detectors 5.2. Fire Management System 5.2.1. Water Extinguishers 5.2.2. Foam Extinguishers 5.2.3. Dry Chemical Extinguishers 5.2.4. CO2 Extinguishers 5.3. Fire Suppression System 5.3.1. Water-Fire Suppression Systems 5.3.2. Gaseous/Clean Agent Fire Suppression Systems 5.3.3. Foam Fire Suppression Systems 5.3.4. Powder Fire Suppression Systems 5.4. Fire Response System 5.4.1. Emergency Lighting 5.4.2. Fire Alarm Devices 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 6.1. Food Processing Value Units 6.1.1. Meat and Fish 6.1.2. Dairy Products 6.1.3. Sugar and Confectionery 6.1.4. Tortilla and Bakery 6.1.5. Other Food and Kindred Products 6.2. Industrial Kitchens 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Honeywell International Inc. 17.2. Siemens AG 17.3. United Technologies Corporation 17.4. Emerson Electric & Co. 17.5. Halma Plc 17.6. Hochiki Corporation 17.7. Johnson Controls International Plc. 17.8. Gentex Corporation 17.9. Robert Bosch GmbH 17.10. Rotarex 17.11. Swastik Synergy Engineering Private Limited 17.12. NAFFCO FZCO 17.13. Integrated Fire Protection Pvt. Ltd. 17.14. Amerex Fire International Ltd. 17.15. Solas Fire Safety Equipment (P) Ltd. 18. Assumptions & Acronyms Used 19. Research Methodology
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