The UK, Ireland, and Southeast Asia spark detection system market size is expected to reach US$ 58.01 million by 2031 from US$ 34.14 million in 2023. The market is estimated to record a CAGR of 6.9% from 2023 to 2031. Integration of IoT is likely to bring new trends in the market during the forecast period.
As spark detection systems can help various industries in fire prevention, their demand is continuously increasing. The wood industry has various high-risk areas that could result in fires or dust explosions, which is one of the major reasons for the rise in the demand for spark detection systems in the industry. In addition, various industries, including manufacturing, woodworking, chemical, and food processing, are continuously facing a rising number of fire incidents in the UK, Ireland, and Southeast Asian countries, which is boosting the growth of the market. Furthermore, the implementation of strict fire safety regulations by governments and regulatory authorities can lead to a rise in the demand for spark detection systems in the coming years. The integration of technologies such as IoT can enable real-time monitoring and data processing, which can significantly enhance the effectiveness of spark detection systems.
Spark detection systems are intended to protect industrial processes by preventing ignition sources, such as burning embers, from contacting protected equipment. Sparks are detected and extinguished automatically by the system, with no interruption to process activities. Spark detection systems are utilized in operations where sparks, glowing particles, or other flash points may be introduced into dust filters or other plant units containing flammable materials that are easily ignited. If left unprotected, a single spark can start a fire or explode, harm, or destroy assets. This method is used in several industries, including wood, paper, food, textiles, plastics, recycling, and energy.
Industries such as manufacturing, woodworking, chemical, and food processing are continuously facing various incidents of fire and dust explosions. Industrial fires and dust explosions cause numerous injuries, fatalities, and significant economic damages. Incidents in the process industry can cost millions of dollars and disrupt operations globally. Following are some of the fire and dust explosion incidents that occurred in the UK, Ireland, and Southeast Asia.
The growing number of such incidents is propelling the need for effective fire prevention measures, which is boosting the demand for reliable and effective spark detection systems.
Due to the rising number of fire incidents in manufacturing, woodworking, chemical, food processing, and other industries, the government and regulatory bodies are taking various steps to prevent them. For example, the Health and Safety Executive (HSE)'s regulatory frameworks in the UK require the deployment of effective fire safety measures in locations that handle flammable products. Also, in the UK, the Dangerous Substances and Explosive Atmospheres Regulations 2002 (DSEAR) defines regulations related to protection against risks from fire, explosion, and similar events occurring due to dangerous substances used or present in the workplace. Such strict government regulations for fire prevention are expected to raise the demand for spark detection systems in the above industries.
Various organizations in the UK, Ireland, and Southeast Asian countries are taking different initiatives for fire prevention. For instance, in March 2023, the timber industry launched a comprehensive new fire safety website, "Fire Safety. Wood in Construction." This site has been developed as a collaborative project between Swedish Wood, Timber Development UK (TDUK), and the Structural Timber Association (STA), with a commitment to a periodic review and update of the curation process to reflect any changes in regulation, outcomes of the latest research, and industry guidance. n 2023, Vietnam experienced 3,440 fires, which resulted in the loss of 146 lives and 109 injured people. The economic toll was also devastating, with property damage estimated at US$ 36.1 million (VND 878 billion). These results highlight the crucial need for more awareness and stricter fire safety rules. To cater to this problem several strong fire safety regulations are being established. One such standard is National Standard TCVN 3254:1989, which specifies fire safety criteria for both fire prevention and fire protection systems. Hence, such stringent fire safety regulations are expected to fuel the growth of the spark detection system market in the coming years.
Key segments that contributed to the derivation of the UK, Ireland, and Southeast Asia spark detection system market analysis are type and application.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 34.14 Million |
Market Size by 2031 | US$ 58.01 Million |
Global CAGR (2023 - 2031) | 6.9% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | UK, Ireland, Southeast Asia
|
Market leaders and key company profiles |
The UK, Ireland, and Southeast Asia spark detection system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the UK, Ireland, and Southeast Asia spark detection system market are listed below:
(Source: Atexon, Press Release, May 2023)
The "UK, Ireland, and Southeast Asia Spark Detection System Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
The incremental growth expected to be recorded for the UK, Ireland, and Southeast Asia spark detection system market during the forecast period is US$ 23.87 million.
The UK, Ireland, and Southeast Asia spark detection system market is expected to reach US$ 58.01 million by 2031.
Integration of IoT is anticipated to play a significant role in the UK, Ireland, and Southeast Asia spark detection system market in the coming years.
The key players holding majority shares in the UK, Ireland, and Southeast Asia spark detection system market are Fagus-Gre¬Con Greten GmbH & Co. KG; Fire Shield Systems Ltd; Minimax GmbH; IEP Technologies, LLC; Firefly AB; Fike Corporation; ELECTRONIC WOOD SYSTEMS GMBH; Raille Limited; Blazequel; and BS&B Safety Systems, LLC.
Growing adoption in wood panel industry and increasing number of fire and dust explosion incidents are the major factors that propel the UK, Ireland, and Southeast Asia spark detection system market.
The UK, Ireland, and Southeast Asia spark detection system market was estimated to be US$ 34.14 million in 2023 and is expected to grow at a CAGR of 6.9 % during the forecast period 2023 - 2031.