As per the research report titled ‘Global Flame Detector Market Size study, by Product (Single IR, Single UV, Dual IR or UV, Multi IR and Others), By services (Support & Maintenance, Managed Services, Engineering Services and Others), By Industry (BFSI, Hospitality &Travel, Healthcare, Transportation &Logistics, Manufacturing and Others) and Regional Forecasts 2020-2027’ available with Market Study Report, global flame detector market accounted for USD 1.5 billion in the year 2019 and is projected to register a 4.20% CAGR during 2020-2027.
 

The business intelligence report states that global flame detector market expansion is primarily driven by increasing adoption of the product due to high precision and accuracy in fire detection as compared to smoke and heat detectors, coupled with widespread applications such as domestic heating systems, drying systems, industrial heating, hydrogen stations, and gas-fueled cookers..
 

Moreover, rising adoption of wireless technologies in flame detection systems along with favorable government initiatives towards impelling the adoption of flame detectors are further fueling the industry growth.
 

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Escalating product demand from the commercial as well as residential sectors, introduction of innovative products in the business sphere, and increasing number of acquisitions, mergers, and other strategic alliances by industry players are positively swaying the global flame detector market dynamics. However, growing concerns regarding detection failure and false alarms are expected to hamper the industry expansion over the analysis timeframe.
 

Based on product scope, global flame detector industry is fragmented into multi IR, dual IR or UV, single UV, single IR, and others. With regards to services, the market is divided into engineering services, managed services, support & maintenance, and others.
 

The end-user terrain of the industry comprises of manufacturing, transportation & logistics, healthcare, hospitality & travel, BFSI, and others.
 

Regionally, Asia-Pacific flame detector market is estimated to exhibit the highest CAGR over 2020-2027, owing to rapid industrialization in the region along with widespread application of the product across several manufacturing facilities.
 

Leading companies that define the global flame detector industry trends are Micropack (Engineering) Ltd., General Monitors Inc., Emerson Electric Co., Raytheon Technologies Corporation (formerly United Technologies Corporation), Johnson Controls International plc, Spectrex Inc., Tyco International Limited, Honeywell International Inc., and Bosch Sicherheitssysteme GmbH among others.