Industrial Cooking Fire Protection System Market - Forecast(2024 - 2030)

Industrial Cooking Fire Protection System Market Overview

The global Industrial Cooking Fire Protection System Market is valued at $2.38 billion in 2021 and is expected to reach a valuation of $6.40 billion by 2027, growing at a CAGR of 6.3% during 2022-2027. The increasing rate of fire accidents due to the appropriation of high-energy cooking equipment, the presence of flammable materials, and the danger of the rapid spread of fire in a congested area are the main factors that are driving the rapid adoption of Fire Management Systems. After the COVID lockdown in 2021 was lifted, there has been a steep increase in the footfall in hotels and restaurants which has prompted the government to impose stringent safety regulations which resulted in the widespread adoption of Fire Detection Systems which consist of Flame Detectors and Smoke Detectors. The high congestion in entertainment places such as restaurants, hotels, and cafes, public transportation such as long-distance trains, planes, and other modes have prompted the rapid adoption of the Fire Management System which is composed of Fire Alarm Devices, Water Spray, and Fire Sprinkler System. This will enable timely detection, prevent the rapid spread of fire, and give the managing authorities invaluable time to mitigate the crisis and prevent damage to life and property. The rising number of cloud-kitchen and doorstep kitchens are also driving the growth of the Industrial Cooking Fire Protection System Market.

Industrial Cooking Fire Protection System Report Coverage

Key Takeaways

• Fire Detection Systems will be the fastest-growing segment by type in this market with a CAGR of about 7.3% due to rising fire-related accidents, growing infrastructural developments, and increasing deployment of these systems in public entities.
• Restaurants and hotels is the fastest-growing segment in this market with a CAGR of 7.8% owing to increasing footfall after lockdown restrictions were lifted , increase in different forms of eateries, and government legislation mandating installation of such systems in public places.
• APAC region holds the largest market share at 35% due to rapid economic growth, rising population and increased awareness among residents.

Industrial Cooking Fire Protection System Market Segment Analysis- By Type

The Industrial Cooking Fire Protection System Market can be classified into two segments according to Type such as Fire Detection Systems, Fire Extinguishing Systems, and Fire Management Systems. Among them, Fire Detection System is projected to have the fastest growth at a CAGR of 7.3% in the forecast period of 2022-2027. The rising incidents of fire-related accidents, technological advancements in fire detection systems, and government mandated safety regulations are some of the key factors that are driving the growth of this segment. Apart from this, the widespread deployment of fire detection systems in public transportation systems such as bus, trains, planes and others, in public places such as theatres, public halls, educational institutes, shopping malls, railway stations, airports, and others will play a major role in expanding the share of this segment in the market. Rapid economic growth, rising disposable income, and government schemes has provided a massive boost to the construction industry especially among the rapidly growing emerging economies such as the BRICS countries. Such developments coupled with rising in awareness among residents regarding the utility of fire detection systems has resulted in widespread voluntary adoption of these systems which will provide a big impetus to this segment in the coming years. In May 2022, several announcements regarding the upgradation of safety features in the Vande-Bharat trains were announced whereby fire alarms will be installed in coaches, a fire detection suppression system in cubicles and toilets — where aerosol will automatically be released in case of a fire, and additional disaster lights, emergency lights, and four emergency windows per coach as against two earlier. Factors such as rising fire-related accidents, widespread deployment in public entities, and rising awareness among residential inhabitants will accelerate the growth of this market in the coming years.

Industrial Cooking Fire Protection System Market Segment Analysis- By End User

Industrial Cooking Fire Protection System has varied applications among multiple End-Users such as Restaurants & Hotels, Educational Institutes, NGOs, Public transportation, and others . Among them, Restaurants and Hotels segment will exhibit the fastest growth at a CAGR of 7.8% in the forecast period 2022-2027. Rapid economic growth, rising discretionary incomes, and changing lifestyles especially among the emerging economies has resulted in exponential growth in the number of restaurants, hotels, cafes and other type of eateries with dine-in experience. Rising population, increasing number of working women, coupled with changing work schedules and cultures has resulted in a drastic increase in cloud Kitchen, doorstep delivery, and public canteens which will rapidly drive the growth of this segment. In urban areas, space shortage, adoption of high energy equipment, and presence of inflammable materials like oil, grease and other such materials can cause serious hazardous incidents by virtue of poor handling of burning stove, cooking gas leakage, alternating voltage, electric spark and other such methods. In May 2022, the Wayfinder Hotel in US experienced a significant fire-related accident which caused significant damage to the property and might result in part of the building to be permanently demolished. Upon investigation, it was found that most of the fire took place in unprotected places like ceiling, floor spaces, and void between walls. Such developments reinforce the need of installing these protective systems which will result in widespread adoption of these systems that will positively impact the growth of this market.

Industrial Cooking Fire Protection System Market Segment Analysis- By Geography

The Industrial Cooking Fire Protection System Market in the APAC region will account for the highest share at 35% in 2021. The factors that are propelling the growth of the Industrial Cooking Fire Protection System Market in APAC are the increase in the number of restaurant chains, increased adoption of high energy equipment, and rising awareness among the citizenry regarding the urgent necessity of installing these systems. Another major factor that is driving the growth of this industry in the APAC region is the adoption of Industrial Cooking Fire Protection System by educational institutes, NGOs, hospitals, and other requisite public institutions. The incorporation of advanced technologies such as water mist sprinkler system coupled with government mandated legislation, rising population, and growing economy are some of the macro factors that are driving the growth of the market in the forecast period. In January 2022, the Road transport and Highways ministry issued a notification to install fire alarm and suppression systems in inter-city passenger buses and school buses according to Automotive Industry Standard-135. Such developments will positively impact the growth of this market.

Industrial Cooking Fire Protection System Market Drivers 

Rapid Adoption of Fire Protection Systems as a result of rising security concerns due to increasing number of cases of fire-related accidents, rising awareness among residents, and government regulation:

The increasing number of fire related accidents in the recent years across various public places from restaurants to educational institutes and residential apartments has posed major security challenges and forced governments across the globe to pass legislations mandating the installation of fire protection systems in public places. Widespread deployment of these systems in public transportation systems such as trains, planes, and other vehicles is also a key factor that has been driving the expansion of this market. These systems are also integrated with the water piping systems that sprinkles the water when the fire protection systems signal or detects a fire or smoke. Such developments will positively affect the growth of the market.

Rapid Adoption of Fire Protection Systems due to incorporation of advanced technologies such as Water Mist Sprinkler Systems-

Rapid technological advancements in Fire Protection Systems such as Water Mist Sprinkler Systems, Video Image Smoke Detection and others have played a key role in driving the growth of Industrial cooking Fire Protection System market. A Water Mist Sprinkler System uses a mist of smaller droplets to put out fire whereby it creates a large surface area to convert said water to steam. This results in the reduction of overall temperature of fire which ultimately leads to the suppression of that fire at a much rapid pace. Another major technological advancement has been the advent of Video Image Smoke Detection system that are able to detect smoke and flames visually by using cameras that are analysed by a computer. Once the computer detects smoke or flame, the alarm system gets triggered while the computer further analyses the motion, colour, brightness, and contrast of the flames to assess the nature of fire. Such systems have a varied range of applications such as covering wide areas with high ceilings or outdoors, places with the presence of explosive materials and others. In May 2022, Prof, Sam Salem, Chair of Lakehead University, Department of Civil Engineering, and graduate student Cory Hubbard were recently granted Canadian Patent Protection for an innovative mass timber connection system that chieves one hour of resistance from fire without any additional protection. Such developments will positively affect the growth of the market.

Industrial Cooking Fire Protection System Market Challenges

High Initial cost of installation and maintenance, Impact of COVID, and Impact of Russia-Ukraine War:

High installation costs and complex maintenance are the primary factors that are impeding the growth of this market. The starting price point of these systems is around $2500 which is a steep barrier for entry especially in price-sensitive emerging economies which make up around 60% of global GDP. Apart from this, system failures in critical moments during an emergency has raised questions regarding the credibility of these systems in recent times. The complex maintenance of these systems means that they consume significant amounts of time for this purpose which affects the operations temporarily. This can be problematic for businesses, especially those, that witness a footfall throughout the day as becomes difficult to service them in an optimal fashion. The zero COVID policy adopted by China has also caused severe problems such as supply-chain disruptions, decrease in demand due to lockdowns, and increase in the price of components due to rising cost of inputs. The onset of the Russia-Ukraine war has also negatively impacted the market by virtue of increasing fuel prices which has drastically increased the operational costs of businesses thereby leaving lesser space for capital expenditure. These developments have also been accompanied by interest-rate hike by the U.S Federal Reserve and soaring inflation that is likely to depress demand for such advanced systems in the coming years.

Industrial Cooking Fire Protection System Market Landscape

Product launches, collaborations, and R&D activities are key strategies adopted by players in the Industrial Cooking Fire Protection System Market System market. The top 10 companies in the Industrial Cooking Fire Protection System Market are:

1. Ansul Incorporated
2. API Group Inc.
3. Emerson Electric Company
4. Siemens
5. Johnson Controls
6. Gentex Corporation
7. Halma Plc
8. United Technologies Corporation
9. Hochiki Corporation
10. Robert Bosch Gmbh

Recent Developments

• In April 2022, Johnson Controls introduced Solution Navigator, a comprehensive digital experience that navigates the product life cycle in Building Automation Systems, Fire, Security, HVAC and Industrial Refrigeration and enables customers to select price, quote, order, track shipments, locate replacement parts, process warranty claims, access training and track marketing programs. Such technological advancement will enable the customers and users to have a broad view of all the real-time data of different security aspects that provides Johnson Controls a competitive advantage and will positively impact the market by setting higher customer service standards.
• In May 2022, Hochiki Corporation announced that it will launch its next generation of hybrid wireless fire detection products called Echko at FIREX 2022. At the core of the system is the wireless Translator module, hard-wired to the fire alarm control panel loop and communicates continuously with the wireless devices while Wireless Expander modules are then used to extend the self-healing radio mesh network, increasing the reach and capacity of the overall system. Such developments will result in solutions of long-standing problems which will result in increased adoption of these systems and positively impact the market.
• In January 2022, API Group Inc. announced that it acquired Chubb’s Fire& Security business for $3.1 billion which will help them weather them weather the supply chain shocks due to COVID, inflation and give them access to new markets in Central Asia, Europe, APAC and other areas.

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