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Global Fire Protection Systems in Oil and Gas Markets 2016-2020

Fire Protection Systems Sector: Worldwide Forecast until 2020 in Oil and Gas Markets

  • December 2015
  • 56 pages
  • ID: 3517800
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According to a 2009 Union of Concerned Scientists (UCS) analysis, a national renewable electricity standard was set to reduce emissions by ##% by 2025.
Global oil demand increased from ##.## million barrels per day in 2013 to ## million barrels per day in 2014, increasing daily production rates in the Middle East.
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Market outlook of the FPS sector in the oil and gas market

Research's analyst anticipates the overall FPS sector in the oil and gas sector to grow steadily at a Compound annual growth rate of close to 4.0 percent during the forecast time frame. One of the primary drivers for the increase of this market is the strict regulatory framework set up by the government. These regulatory frameworks and standards state that every direct oil and gas operators should allocate a certain share of their global investments in fire safety. As per these standards, the establishment of a health and safety department in every oil and gas facility is mandatory to analyze and prevent fires during onshore and offshore activities.

The use of ecological fire-suppression systems is another meaningful trend driving the growth of the FPS sector. Growing environmental awareness including the need to minimize ozone depletion and overall warming has driven oil and gas operators to adopt environmentally friendly FPS including gaseous and water mist systems. Several oil and operators and FPS dealers are developing fire suppression materials that are sustainable and effective.

End-user segmentation and analysis of the FPS sector in the oil and gas market

The upstream segment led the FPS sector during 2015, with a market share of over 43%. The increasing demand for oil and gas resources has magnified upstream or exploration and production activities world-wide, leading to its dominance in the global sector. This increasing E&P activities along the need to prevent fire hazards has contributed to the growth of the FPS sector.

Geographical segmentation and analysis of the FPS sector in the oil and gas sector

Americas

Asia-Pac

Europe, Middle East and Africa (EMEA)

The whole Americas held the biggest share of the FPS sector in the oil and gas market and accounted for about 42.0 percent of the global market share. The USA and Canada (CA) are the main contributors in this area. For example, oil companies in Canada (CA), especially in Calgary, Alberta, are making massive investments in passive and active FPS.

What is the current competitive panorama? Who are the main vendors?

The need to minimize the risks combined with flammable and explosive products and the subsequent deployment of risk management strategies has boosted the FPS sector in the oil and gas sector. Accordingly, various providers have been motivated to enter the market owing to the growing oil and gas activities world-wide.

What are the main questions answered?

What will the market value and the increase rate be in 2020?

What are the most significant drivers yielding the overall fire protection systems sector in the oil and gas market?

What are the main projections/trends in this sector/market? impacting the growth of the overall fire protection systems sector in the oil and gas sector?

What are the key specifications that can lead to a growing segment?

Who are the major actors in this maket environment??

What are the opportunities in this industry and segment risks faced by the sellers in the overall fire protection systems sector in the oil and gas market?

Trending factors influencing the Americas's market shares, Asia-Pac, and Europe, Middle East and Africa (EMEA).

What are the main outcomes of the Porter 5 forces analysis of the overall fire protection systems sector in the oil and gas sector?

Research company also provides customization on reports established on particular client requirement.

What are the associated reports?

Overall Lab Equipment Fire Extinguisher Market 2015-2019

Overall Process Safety Systems Market 2015-2019

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Related Market Segments :

Oil And Gas

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