Spark Detection Systems Market Report Overview
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The global spark detection systems market size was USD 177.5 million in 2021 the market is expected to reach USD 329.03 billion in 2030, exhibiting a Compound annual growth rate (CAGR) of 7.1% during the forecast period.
The sudden rise in CAGR was brought on by the market's expansion and the demand levelling down after the pandemic is over.
The purpose of a spark detector device is to monitor the infrared light within a certain frequency range. As the device detects the ignition or spark, within a millisecond it automatically extinguishes the spark before it turns into a big explosion or deteriorating situation. The device is primarily used in the industries such as grinding systems, chopping, manufacturing units, drying, cooling system, dust collectors, and heavy material conveyer chutes which are more prone to short circuits.
When the device identifies an ignition or spark, its extinguishing unit extinguishes sparks and embers with a small amount of water. It has a signal router that controls and monitors the extinguishing system. Its alarming feature informs about the threat by dint of a sound signal and a flashing light. In case of overheating or a spark shower, the controller stops blowers. Also, the spark detector has a cable that detects overheating and monitors bearings and the blower circuit. Its compression controller supervises the water pump operation and heat conducting cables.
COVID-19 Impact: Halted Demand & Supply Chains Amid Pandemic Impacted the Market Dynamics
The COVID-19 pandemic impacted the spark detection systems market severely. The restriction over the supply chain and production of end-use industries halted the market growth during the lockdown period. The commencement of the coronavirus outbreak in the year 2020, impacted every business industry’s growth globally. In addition, the lockdown and its restrictions significantly obstructed the demand for the product, supply, and product manufacturing. However, it is expected that the market will recover steadily over the forecast period.
Latest Trends
"Advances in Spark Detection Systems to Augment Market Growth"
The spark detection system is the latest trend in the market. The market has seen a surge of growth with new inquiries and opportunities. The spark detection system market is evolving rapidly and gradually with the change in the requirements of customers. In today's market, as the industry is consolidating and undergoing changes, more and more companies are embracing what is available in the market to develop their own products. The result of these developments is an increase in product competition, which has led to increased customer choice. For example, by examining the specifications for one particular company's spark detection system model.
Spark Detection Systems Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into Normal Type Spark Detector, High-Temperature Spark Detector
- By Application Analysis
Based on application, the market can be divided into Wood Based Panel, Pulp & Paper, Bioenergy, Food Industry, Textile Industry, Chemical Industry, Power Industry, and Others.
Driving Factors
"Due to Industrial Development & Government Regulation Fire Prevention System is Mandatory at the Workplace"
Nowadays, rapid industrialization has increased the number of factories and manufacturing units such as wood, paper, food, textiles, plastics, recycling, and the energy industries where the chances for ignition & dust explosion are high. Due to being highly prone to an area of fire, these workplaces are essentially required to install a spark detection system. As it works automatically and extinguishes the ignition within a millisecond. Additionally, these industries are obliged by the government to use the spark detection system in the workplace. Therefore, growing industrial development augments the spark detection systems market growth during the forecast period.
"For Workers’ Safety & Equipment Damage Prevention at Workplaces Demand for Spark Detector Rises"
One of the other driving factors of the market is the safety of the workers. In addition, in recent years, the number of fire cases at factories has increased. Thus, to decrease the risk of employees injuries, equipment damage and loss of production from fires and dust explosions, a spark detection system has been necessary for all industries the regulatory. Hence, these factors are anticipated to augment the demand for the spark detection system in the coming years.
Restraining Factors
"Device Failure or Mislead Can Restrict Market Development"
The spark detection systems work efficiently. However, the chances of its failure are also present. The spark detector can mislead. As different materials have different minimum ignition temperatures. Therefore, sometimes materials do not spark but get overheated and are likely to cause a spark or ignition which is not detected by the detection system. As a result, it can be a market challenge that can hinder the growth of the market expansion.
Spark Detection Systems Market Regional Insights
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"Essential Requirement for Spark Detector Devices in Industrial Development is Anticipated to Boost Market Expansion in Asia Pacific"
In the context of regional insights, the Asia Pacific is expected to lead the market over the forecast period. Since Asian countries are a growing economy, and rapid industrialization development is going on in the region, small, medium, and large industries require fire prevention devices. Resulted, it enhances the demand for spark detection systems in several industries. Therefore, it is estimated that the Asia Pacific will hold the largest spark detection systems market shares over the forecast period.
Apart from this, North America is one of the leading regions of the market. In developed industries, immense manufacturing plants are equipped with spark detection systems. Which force the demand for spark detectors market growth in the region.
Key Industry Players
"Continue Advancement & Technology Development to Beat Market Competition by Key Players Influencing Market Development"
Top key players are ruling the market with their advanced technology, product enhancement, and continuing capital investment in research & development, acquisition, and mergers. As well, to beat the market competition, key players keep changing their strategies according to the market scenarios to maintain their position in the market. In terms of revenue, the top five market players are; Fagus-GreCon Greten, BS&B, Hansentek, and Firefly, and others hold the majority of the spark detection systems market shares. In addition, collaboration with other companies & extensive possession over market shares by these key players stimulates market growth.
List of Market Players Profiled
- Fagus-GreCon Greten
- BS&B
- Hansentek
- Firefly
- Control Logic
- Flamex
- Argus Fire Control
- EWS
- Atexon Oy
- EDS Srl
- Boss Products
- Ampe Technology
- Wuxi Yongan
Report Coverage
This report focuses on the spark detection systems market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Apart from this, it defines the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key driving forces, and restraints that impact the demand for growth, opportunities, and risks.
Besides, the post-COVID-19 pandemic’s effects on international market restrictions and a clear understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been studied in detail to provide clarification of the competitive landscape.
This report also reveals the research based on methodologies that outline price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records on the basis of market sales. Additionally, all the significant aspects which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been described in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 177.5 Million in 2021 |
Market Size Value By |
US$ 329.03 Million by 2030 |
Growth Rate |
CAGR of 7.1% from 2021 to 2030 |
Forecast Period |
2023-2030 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the global spark detection systems market expected to touch by 2030?
The global spark detection systems market is expected to touch USD 329.03 million by 2030.
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What CAGR is the spark detection systems market expected to exhibit during 2022-2030?
The spark detection systems market is expected to exhibit a CAGR of 7.1% over 2022-2030.
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Which are the driving factors of the spark detection systems market?
Growing establishment & development of industries is the driving factor of the spark detection systems market.
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Which are the top companies operating in the spark detection systems market?
Fagus-GreCon Greten, BS&B, Hansentek, Firefly, Control Logic, Flamex, Argus Fire Control EWS, Atexon Oy, EDS Srl, Boss Products, Ampe Technology and Wuxi Yongan are the top operating companies in the spark detection systems market.
