Flame Detectors Market size to exceed USD 3 billion by 2024 Flame Detectors Market size to exceed USD 3 billio

Flame Detectors Market size to exceed USD 3 billion by
2024: Global Market Insights Inc.
Flame Detectors Market size is estimated to grow at over 6% CAGR
from 2016 to 2024, and is predicted to be valued over USD 3 billion by
2024.
The industry is characterized by the stringent regulatory norms across
developed and developing economies. Continuous efforts across
numerous business ventures in order to provide employees with safe and
secure working environment will drive flame detectors market size through
2024.
These devices aid in early fire detection by efficiently detecting smoke,
fire and flame in the surrounding. They exhibit flawless capability of
detecting radiations from the flames and generate alert signals, and are
produced to effectively operate even in extreme conditions. Responses to
a detected flame includes buzzing of an alarm, fuel line deactivation (such
as natural gas and propane line), and activation of a fire suppression
system.

Escalating adoption across diverse industry sectors such as oil and gas,
manufacturing, energy and power is anticipated to offer massive growth
potential from 2016 to 2024. Increasing industry participants focus of R&D
in order to develop technically advanced products will positively impact
flame detectors market size through 2024.
These devices require expensive raw material which in turn is likely to
increase product prices. High installation cost may hamper the product
demand. In addition, substantial maintenance may negatively impact
growth over the forecast timeline. However, training initiatives in by
various organizations regarding safety at workplace could create massive
opportunities.

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