Lewes, DE -- (SBWIRE) -- 09/19/2016 -- Report forecast the global industrial fire safety equipment market to grow at a CAGR of 7.25% during the period 2016-2020.

Fire safety is a combination of practices intended to check the destructive potential of fire. Fire prevention methods include those that aim to prevent the triggering of an unrestrained fire as well as those that are employed to limit the spread and consequences of a fire after it erupts. Industrial fire prevention specializes in protecting industrial manufacturing processes, pneumatic and mechanical conveyors, and dust collection systems from combustible dust fires and explosions.

The report covers the present scenario and the growth prospects of the global industrial fire safety equipment market for 2016-2020. To calculate the market size, the report considers the average unit price of the fire extinguisher, the overall global shipments of fire extinguishers and the average individual component price of a fire alarm system.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, redefined industrial safety codes and regulations will be a key driver for market growth. The development of new codes is in the process of initiation in many industries to ensure the safety of the work environment. The first step in such a development is conducting rigorous fire protection and operational analysis. The National Fire Protection Association (NFPA) is a US-based agency that coordinates with the community for fire protection to improve the efficiency of firefighters and provides a clear understanding of real-life fire accident scenarios. By doing so, the agency aims to develop the tactics and procedures needed for safe operations during accidents.

Further, the report states that a warehouse atmosphere involves many challenges for fire detection as changing fuel loads and ignition sources make it tough to predict fire situations. Warehouses comprise many kinds of equipment and facilities for the storage of numerous commodities. Individual warehouses may vary significantly depending on the type and quantity of materials stored; the mixing of various stored goods; the level of automation used; the height of stacked commodities; the existing life safety and fire protection systems; and last but not the least, the shape, size, and construction of the building. With such a variety of factors that need consideration, it is not easy to classify a typical warehouse to determine its fire protection design. Depending on the country or the jurisdiction of the region, directed design principles vary and can influence the overall storage method and fire protection devices, building design, and firefighting tactics.

Global Industrial Fire Safety Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global industrial fire safety equipment market: Honeywell, Johnson Controls, Robert Bosch, Siemens, and Tyco.

Other Prominent Vendors in the market are: ANAF, Britannia Fire, Buckeye, Fire Fighter, ILT Industrie-Luftfiltertechnik, Larsen's Manufacturing, Safex, Supremex, and Tian Guang.

Market driver
- Outdated infrastructure in oil and gas sector
- For a full, detailed list, view our report

Market challenge
- Inefficient fire detection in warehouses
- For a full, detailed list, view our report

Market trend
- Next generation deluge systems
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 62 pages and 25 Exhibit "Global Industrial Fire Safety Equipment Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-industrial-fire-safety-equipment-market-2016-2020

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