The
global enhanced fire protection systems market will expand at a CAGR
of 3.7% from 2014 to 2020. TMR, a market intelligence firm based in
the U.S., states that the global enhanced fire protection systems
market, which in 2013 stood at US$3218.7 million, is anticipated to
reach US$4142.4 million by the end of the forecast period. The
report, titled ‘Enhanced Fire Protection Systems Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 -
2020’, is available for sale on the company website.
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Enhanced Fire Protection Systems Market Report with
Full TOC at
http://www.transparencymarketresearch.com/enhanced-fire-protection-market.html
According
to this market research report, the global enhanced fire protection
systems market is driven by factors such as the growing trend of
developing a safety culture in companies, widespread implementation
of regulations relating to the use of environmentally sustainable
products, and increasing capacity additions, and rapid development of
the oil and gas industry. Another key factor driving this market is
the establishment of incident sharing techniques that result in
stricter safety norms and also the growing need for equipment that
use advanced technology. Enhanced fire protection systems form a very
crucial part of all oil and gas installations. The strict
implementation of safety norms by hydrocarbon agencies of various
countries is a key reason why several oil and gas operators are
increasing their investments in the area of fire safety.
The
TMR report segments the global enhanced fire protection systems
market on the basis of end users, the type of systems, and geography.
The various end users in the global enhanced fire protection systems
market are fixed platforms, offshore rigs, and FPSO & FLNG. At
present, much of the demand for enhanced fire protection systems
comes from the market for offshore drilling rigs. Even though the
utilization of rigs has been declining over the past couple of years,
the enhanced fire protection systems market in regions such as
Venezuela and Latin America have emerged as strong players in the
overall market for offshore drilling. The market for FLNG and FPSO is
expected to grow substantially during the forecast period and will be
a key end user segment in the forthcoming years as well. The two main
types of systems in the global enhanced fire protection systems
market are passive and active systems.
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Geographically,
this research study segments the global enhanced fire protection
systems market into Asia Pacific, North America, Europe, and Rest of
the World. The Rest of the World region holds the largest share of
the global enhanced fire protection systems market, with high
concentration of offshore development projects in Brazil. Also, the
offshore expansion projects in the Middle East and West Africa will
contribute significantly to the global enhanced fire protection
systems market in the years to come. The growth of the Europe
enhanced fire protection systems market will be supported by high
investments in a few of the offshore areas of Kazakhstan and
Azerbaijan during the forecast period. High focus on workforce
training in offshore installations is a glaring restraint in the
global enhanced fire protection systems market.
The
prominent companies in the global enhanced fire protection systems
market are Trelleborg AG, Kevta Fire Systems Inc., 3M Company, Orcus
Fire & Risk Inc., Gielle SRL, and Tyco International Ltd. amongst
others.
Browse
Article Of Enhanced Fire Protection Systems Market
http://www.transparencymarketresearch.com/article/enhanced-fire-protection-market.htm
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
Browse
TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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