Market Leader - Industrial Cooking Fire Protection Systems Market
The industrial cooking equipment comprises deep fat fryers, industrial oil cookers, ovens, and other equipment, that are used in the food processing sector. Fire detection and management systems are used in these cooking areas to protect the cooking equipment to help prevent the damages from fires, reduce the impact of uncontrolled fires, and thus save lives and properties. The food processing plants considered for the study includes meat &and fish products processing, dairy products manufacturing, bakeries &and tortilla manufacturing, and sugar &and confectionary manufacturing, among others. The industrial cooking fire protection systems (FPS) market focused on food manufacturing sector is anticipated to grow at a CAGR 6.2% between 2016 and 2020 and expected to reach USD 2.35 Billion in 2020. APAC and North America are the major regions that are expected to witness growth in this market. Players such as Johnson Controls International Plc (U.S.), Tyco International Plc (Ireland), and United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), and Siemens AG (Germany) dominated the industrial cooking fire protection systemsFPS market in 2015. Currently, North America is the leading market for industrial cooking fire protection systems (FPS)proximity marketing; however, the APAC market in APAC is expected to register the grow at the highest growth rate between 2016 and 2020
Tyco International Plc is a diversified manufacturing and service company that serves the commercial, industrial, retail, institutional, and government sectors. Tyco operates in the Americas, EMEA, and APAC. Tyco International Plc provides security products and services, fire detection and suppression products, and life safety products and services. The company's products and services are sold under the brand names SimplexGrinnell, Sensormatic, Wormald, Ansul, Simplex, Grinnell, Scott, and ADT. It operates through three business segments North America integrated solutions and services, Rest of the World integrated solutions and services, and global products.
The operational growth of Tyco is highly dependent on its strategic mergers and acquisitions, which also increases the scope of its business geographically. Continuous development and innovation in products and services provide it a competitive edge over its competitors and result in the constant year-on-year revenue growth. Tyco acquired Industrial Safety Technologies (IST-France), a global leader in the market for gas and flame detection , for USD 329.5 Million. This acquisition would help Tyco in becoming a leading designer and manufacturer of gas and flame detection products in the world, offering a full range of safety solutions pertaining to both fixed and portable detection systems.
Johnson Controls, Inc. operates in building efficiency, automotive skills, and power solutions. The building efficiency segment is involved in designing , manufacturing, marketing , and installation of integrated heating, ventilating, and air conditioning (HVAC) systems, building management systems, controls, and security and mechanical equipment. It also provides technical services, energy management consulting, and operations of entire real estate portfolios for the non residential buildings market. In addition, this segment provides residential air conditioning and heating systems and industrial refrigeration products. Johnson Controls has a business unit committed toward developing and providing quality products, services, and solutions related to fire protection safety and security.
Johnson Controls has recently started concentrating on its core business by acquiring and divesting non profit companies. This has helped the company grow its revenue and expand its presence in the emerging markets including India, China, and some of the countries in the Middle East and Latin America. This would also help the company in reducing the risk associated with its business. Johnson Controls has a huge customer base as it is a global diversified technological firm. The company serves 30% of the Fortune 1,000 companies with its advanced security and safety services. Johnson Controls’ unique network of technology partners helps it in providing the most comprehensive solutions in the industry. Johnson Controls has a business unit committed toward developing and providing quality products, services, and solutions related to fire protection safety and security. As a leading innovative firm, the company is focused on delivering value to the shareholders and meeting its customers’ needs.
Related Reports:
Industrial Cooking Fire Protection Systems Market for Food Manufacturing by Product (Fire Detection Systems (Flame, Smoke, Heat), Fire Management Systems), Service, Geography - Global Forecast to 2020
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