Market Size of Industrial Cooking Fire Protection Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 8.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Industrial Cooking Fire Protection Systems Market Analysis
The Industrial Cooking Fire Protection Systems Market is expected to grow at a CAGR of 8.7% over the forecast period 2021 to 2026. Technological advancements and innovations drive the growth of the market in cooking equipment and techniques. Besides, rigorous regulatory standards held by many government agencies and associations for the obstruction of fire mishaps in industrial cooking areas are also fostering the growth of this market.
- In the food manufacturing business, the sensitivity of industrial kitchens to fire accidents with an enhanced rate of appropriation of high-energy cooking equipment is boosting the need for the industrial cooking fire protection systems worldwide. Fire protection systems companies are investing massively in R&D that would lead to innovative and active fire protection products.
- Fire suppressing systems such as fire extinguishers and fire pumps resume garnering notable traction, as commercial kitchens have a high number of potential fire sources, flammable substances, and the risk of accelerated spread. On the contrary, the low average unit cost of fire response systems remains to translate into more substantial volume sales exceed gains.
- The emergence of throwable fire extinguishers, sound wave fire extinguishers, water mist system, integrated voice evacuation, messaging system, and personalized vocal smoke alarms has been frequently added to the requirement for advanced fire protection systems industrial cooking.
- With the growing food delivery market, many foodservice operators such as Cloud Kitchens, Kitchen United, DoorDash Kitchens are made to trade-off dine-in experience with quickly growing delivery business, heading to substantial investments in cloud kitchen. Growth in the number of this new model of a commercial kitchen is anticipated to initiate a window of opportunity in the market for industrial cooking fire protection systems.
- The continuous trend of combining fire protection systems with emergency elevator evacuation system forces market players to innovate and set their products apart from the competition. Need for fire protection systems for industrial cooking is presently based on rising stringency of industrial fire safety standards and regulations in line with businesses' intense focus on promoting high-return products, notably those that connect end-users with popular trends.
