Owing to benefits such as safeguarding the property along with the infrastructure in case of a sudden outbreak of a fire, the global kitchen fire suppression market is experiencing a surge in its demand lately. There has been a greater demand for these systems in comparison to their other alternatives.
With the need for a well-developed safety system against fires owing to the rising number of accidents caused due to the same, the demand for kitchen fire-suppressing systems has been on a rise. This has further pushed the demand for the kitchen fire suppression system market upwards. These factors have further propelled the demand for kitchen fire suppression systems thus, increasing the dependence on this market.
Rapid usage of kitchen fire suppression systems among various establishments, hotels and restaurants, buildings, kitchens in schools, and the like fosters remarkable progress in the global kitchen fire suppression system market. The market consistently undergoes a series of developments in order to provide better services.
Advantages such as a warning of a fire post the detection of heat or smoke as well as not using water as it may not be effective against agents like combustible gas or oil encourage further adoption of the kitchen fire suppression system market in the long run. Considering these factors, it is reasonable to say that the kitchen fire suppression market is growing at an appreciable compound annual growth rate (CAGR) of 5.1%. It is expected that the market might acquire a size of USD 25.4 billion during the forecast period, that is, 2021-31.
The kitchen fire suppression systems are automated engineered devices that have an in-built detection capacity for fires. They get activated when there is heat or smoke or a combination of both in the environment in which it has been installed and its vicinity. Instead of water, they use gaseous, foam, or chemical agents of suppression as water might fail to act against certain elements in case of a fire.
The significant rise in the demand for kitchen fire suppression systems is because they prevent casualties and forbid any kind of damage to the infrastructure that might occur due to the outbreak of a fire. The awareness about the latest fire protection systems has increased among consumers. They are considered one of the most crucial systems to be installed during the establishment of a building or any such place.
However, there are a number of problems that are linked to the global kitchen fire suppression system market. These systems are available at a very high price thus causing reluctance in people to put them into use and they might be inefficient if their installation process is not carried out smoothly. They might lead to a buildup of dead biomass in certain areas that are prone to fires. In spite of all these restraints, the market is expected to experience a considerable rate of growth during the forecast period, that is, 2021-31.
Covid-19 Impact and Market Status
The crisis of the novel coronavirus was received by different industries in varying manners. The production process got adversely affected and the flow of raw materials was disturbed. The demand and supply chain was impacted negatively. Due to various regulatory measures imposed by the government, the manufacturers had to bear a number of challenges. The worldwide pandemic had a moderate impact on the global kitchen fire suppression system market. As a consequence of restrictions imposed by the government on the movement of the people to curtail the spread of this virus, the installation of these systems was delayed at a number of establishments. The market also witnessed a disruption in supply chains and a halt to production activities. Despite these setbacks, the market is all geared up to acquire a moderate rate of growth during the forecast period, that is, 2021-31 as the restrictions are gradually being relaxed.
Dry Chemical Powder to Yield Maximum Revenue
The dry chemical powder segment is expected to dominate the market during the study period as it held a share greater than 30% during 2021 as well. These types of fire extinguishers consist of a substance that is non-flammable and extinguishes fire by creating a layer to cut off the air supply. However, the water segment is expected to register the second-highest compound annual growth rate as it is one of the most popularly used agents of fire extinguishing.
The Residential Segment to Remain Dominant During the Study Period
On the basis of application, the kitchen fire suppression systems have been categorized into commercial, residential, and industrial. Among these, the residential segment is anticipated to have the highest compound annual growth rate. Residential buildings and establishments have been experiencing a greater adoption of these systems in the past couple of years due to public safety campaigns and other forms of awareness.
North America is Expected to Render Ample Investment Avenues
Though North America dominated the global kitchen fire suppression system market in 2021, during the forecast period, the Asia-Pacific region is expected to register the highest compound annual growth rate (CAGR) as compared to any other region. This is because of the rise in awareness among consumers and the growth in the construction activities taking place in emerging economies, for example, China and India. Smart buildings and intelligent home automation systems with major security and safety systems are in high demand. The prevention of sudden fire accidents is also the main driver of demand for kitchen fire suppression systems in this region.
The key players in the global kitchen fire suppression market are Johnson Controls, Gentex Corporation, Robert Bosch GmbH, Honeywell International Inc, Halma PLC; United Technologies Corporation, Minimax Viking GmbH, and Siemens AG. These players operate in the market and adopt a number of strategies to stay in the market and establish themselves at a higher position than their competitors.
Fire Extinguisher Category to Remain the Most Lucrative Segment
On the basis of product, the kitchen fire suppression system has been segmented into a fire extinguisher and a fire sprinkler. Among the two, the fire extinguisher category is more likely to dominate the market with a revenue share greater than fifty percent during the forecast period. The main driver of demand for fire extinguishers is the increased spending on the installation of fire safety systems in a variety of industrial establishments. Mandatory measures of regulation that have been stated by the government in order to protect the workers from accidents caused due to fire have also been propelling the demand for fire extinguishers.
Latest Innovations in the Global Kitchen fire suppression system Market: a Snapshot
• On November 14, 2022, Johnson Control appointed Lei Schlitz as the Global Products President. She succeeded Jeff Williams who retired earlier this year. She will be based in Milwaukee, Wisconsin.
• As per an article published on November 26, 2022, Honeywell to showcase the latest technologies at Cairo, Egypt ICT with the aim of supporting sustainable outcomes while demonstrating advanced digital technologies that support the sustainability goals in alignment with the Egypt Vision 2030.
Kitchen Fire Suppression System Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||USD 25.4 billion|
|Growth Rate||CAGR of 5.1 % during 2021-2030|
|Segment Covered||by Product, by Fire Extinguisher Type, by Application, by Platform, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Johnson Controls, Gentex Corporation, Robert Bosch GmbH, Honeywell International Inc, Halma PLC; United Technologies Corporation, Minimax Viking GmbH, and Siemens AG.|
Key Segments of the Global Kitchen Fire Suppression System Market
Product Overview, 2021-2031 (USD Billion)
• Fire Extinguisher
• Fire Sprinkler
Fire Extinguisher Type Overview, 2021-2031 (USD Billion)
• Dry Chemical Powder
Application Overview, 2021-2031 (USD Billion)
Regional Overview, 2021-2031 (USD Billion)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa
• South Africa