Enhanced Fire Protection Systems to Expand at 3.7% CAGR because of the Robustly Growing Oil and Gas Industry

The global enhanced fire protections systems market has gained demand in recent years due to the growth of the oil and gas industry in regions such as Latin America, Asia Pacific, Northern Europe, and Western Africa. Increased operations in the industry have naturally led to high demand for protective measures in the form of enhanced fire protection systems.

Capacity additions in the oil and gas industry, themselves extremely beneficial for the enhanced fire protection systems have, have been further complemented in recent years by the mandatory implementation of fire protection systems. The growing demand for cultivating a safety culture in the potentially dangerous oil and gas industry is responsible for this and is boosting demand from the global enhanced fire protection systems market.

Technological innovation to produce more efficient and efficacious enhanced fire protection systems is the major opportunity beckoning major players in the market. Heavy R&D is expected to take place in this field of enhanced fire protection systems in the coming years, due to the steady expected development of the oil and gas industry.

The report provides analytics gained from a value chain analysis, market attractiveness analysis, and Porter’s five forces analysis on the data collected about the global enhanced fire protection systems market in order to enlighten the readers about various aspects of the market. 

Overview of the enhanced fire protection systems market
 

Based on type of system, the report segments the global enhanced fire protection systems market into active and passive enhanced fire protection systems. Active enhanced fire protection systems cost a lot more than passive ones, which is responsible for the higher share taken up by the latter in the global market.

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Based on end users, the segments of the global enhanced fire protection systems market detailed in the report are FPSOs and floating liquefied natural gas (FLNG) operations, offshore rigs, and fixed platforms. Growing offshore oil exploration off Brazil, West Africa, and in the North Sea is leading to high demand for enhanced fire protection systems from the offshore rigs segment. FPSOs and FLNG terminals are also expected to exhibit a rise in demand in the forecast period, due to their role in offshore petroleum exploration.

According to geography, the report studies the standing of the regional enhanced fire protection systems market in Europe, North America, Asia Pacific, and Rest of the World (RoW). Due to the increasing contribution of offshore operations off Brazil and West Africa, the RoW market for enhanced fire protection systems led the global market in 2013, followed by Europe. The latter was led by countries operating in the North Sea, such as Norway and the U.K. In the forecast period, the decreasing reserves in the North Sea are expected to reflect on Europe’s standing in the global enhanced fire protection systems market, while Asia Pacific is expected to make up the deficit in the global market, led by China, South Korea, Australia, etc.

Companies mentioned in the research report

The report describes the comparative strength of major players operating in the global enhanced fire protection systems market. A SWOT analysis describes where the companies stand to gain and lose in the forecast period. Companies profiled in the report include Ultra Fog AB, Marioff Corporation Oy, Consilium AB, Fire Protection Engineering AS, Knowsley SK Ltd., Tyco International Ltd., and 3M Company.

Global Enhanced Fire Protection Systems Market by End User

• FPSOs and FLNG
• Offshore Rigs
• Fixed Platforms

Major geographies analyzed under this research report are: 

• Europe
• North America 
• Asia Pacific 
• Rest of the World

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