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According to a recently released report from Transparency Market Research (TMR), the global enhanced fire protection market is poised to grow at a positive 3.7% CAGR during the period between 2014 and 2020. The report is titled “Enhanced Fire Protection Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” and is available for sale on TMR’s website. The research publication analyzes the enhanced fire protection system market on the basis of revenue. The report reveals that the market for enhanced fire protection system, which was valued at US$3218.7 million in 2013, is projected to reach US$4142.4 million by the end of 2020.In a time when the industry for offshore oil and gas is continuously expanding, authoritative measures are required to ensure fire safety, especially across hydrocarbon units. The new set of regulations established by government agencies have made it mandatory for oil and gas operators to invest considerably in fire safety measures across their facilities.This is a comprehensive publication that provides a bird’s eye view of the global enhanced fire protection systems market. In order to provide a definitive overview, the global enhanced fire protection systems market is segmented on the basis of end users, product types, and geography. It further evaluates the market prospects of six countries from Europe and Asia Pacific to ensure more clarity in information.
On the basis of geography, the global enhanced fire protection systems market is segmented into Asia Pacific, North America, Europe, and Rest of the World. Of these, the countries in the Rest of the World account for the major share of the market. The report identifies Brazil and the West coast of Africa as the leading contributors to the market. Analysts have observed elevated investment in ultra-deepwater projects across the RoW region and premeditated offshore projects initiated by governments of several economies to have positively impacted market growth. RoW is closely followed by Europe in terms of present market dynamics and growth prospects. The stringent fire safety norms in Norway and the U.K. have pushed offshore fire and gas operators in the region to amplify their investment to improve fire protection arrangements.
Browse the full Enhanced Fire Protection Systems (Oil and Gas) market by FPSO’s and FLNG’s, Offshore Rigs and Fixed Platforms - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/enhanced-fire-protection-market.html
According to the report, escalating investment in offshore development projects in Asia Pacific is likely to boost the enhanced fire protection systems market in the region. The significant number of FLNG (floating liquefied natural gas) vessels slated to be set up in Australia will also give a significant impetus to the fire protection systems market in Asia Pacific. The report projects sustainable growth for the market, offset by occasional hindrances from increasing focus on workforce training in offshore installations. Nevertheless, robust technological advances introduced in the market will expand opportunities for leading vendors to capitalize on. To provide a detailed competitive analysis, the report also profiles key players such as Consilium AB, Marioff Corporation Oy, Semco Maritime A/S, Knowsley SK Ltd, and others.
Enhanced Fire Protection Systems (Oil and Gas) Market: End-User Analysis
- FPSO and FLNG
- Offshore Rigs
- Fixed Platforms
Enhanced Fire Protection Systems (Oil and Gas) Market: System Type Analysis
- Active Systems
- Passive Systems
Enhanced Fire Protection Systems (Oil and Gas) Market: Regional Analysis:
North America
Europe
- Norway
- The U.K.
- Rest of Europe
Asia Pacific
- China
- Australia
- Singapore
- South Korea
- Rest of Asia Pacific
Rest of the World
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