LONDON–(BUSINESS WIRE)–Technavio has announced the top five leading vendors in their recent global fire protection systems (FPS) market in the oil and gas industry report. The report also discusses the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market. The geographical regions considered in the report are the Americas, APAC, and EMEA.
Competitive vendor landscape
The distinctive need to reduce the risks associated with flammable and explosive products and the subsequent deployment of risk management strategies has boosted the FPS market in the oil and gas industry, which has resulted in a projected CAGR of close to 4% for the market.
According to Anju Ajaykumar, a lead analyst at Technavio for the oil and gas sector, “Rising oil and gas activities worldwide have encouraged many FPS providers to enter into the market. The markets in the Americas and EMEA consist of large and established players. Increasing oil and gas exploration activities in APAC will contribute to the need for FPS due to the volatile nature of most of oil reserves in the region.”
The report also states that the FPS market is highly competitive due to the presence of many established players. These players maintain market competitiveness by providing high-tech, customized FPS to different end-users according to their requirements.
Top five market vendors for fire protection systems in the oil and gas industry
3M was founded in 1902 and is headquartered in Minnesota, US. The company develops, manufactures, and markets a wide range of products for the industrial, safety, graphics, electronics, energy, healthcare, and consumer markets.
3M oil and gas fire protection products are designed to mitigate fire hazards, provide additional time to control the fire, and allow safer site evacuation. These products ensure superior-quality refinery protection, including high performance during high-intensity fires and advanced fire protection for critical assets.
KEVTA was founded in 1986 and is headquartered in Escondido, California, US. The company operates as a subsidiary of ROC Industries, a leading manufacturer of FPS for gas turbines and power generating machinery. It operates in more than 90 countries.
KEVTA has an inventory of more than 10,000 FPS units. The systems manufactured by the company are installed across the oil and gas and power generation industries for packed gas turbines and reciprocating engines, compressors, and wind turbine nacelles. The company’s products, systems, services, and solutions play an important role in protecting property and life in oil, power generation, and natural gas projects worldwide.
Kidde Fire Systems
Kidde Fire Systems is a special-hazard FPS provider, which was founded in 1917 and is headquartered in Ashland, Massachusetts, US. The company manufactures and develops a full range of custom-engineered fire protection solutions across the marine, mining, military, agribusiness, healthcare, petroleum, oil and gas, and waste management industries.
Kidde Fire Systems provides a broad array of fire protection solutions and technologies to meet industry needs. Its products and solutions find application in commercial cooking, cement plants, clean rooms, cold storage warehouses, control rooms, data processing, dust collectors, heat treating processes, historical and cultural buildings, oil sands, paint booths, iron and steel hauling, and printing plants.
Orcus Fire & Risk
Orcus Fire & Risk was founded in 2008 and is headquartered in League City, Texas, US. The company provides fire protection engineering, emergency response, process safety, risk management, and environmental compliance consulting.
They offer its safety and security solutions to the refining, liquefied natural gas (LNG) facilities, onshore and offshore terminals, offshore platforms, power generation, gas plants, chemical and petrochemical, warehousing, manufacturing, mining, commercial, and healthcare industries.
The company designs, manufactures, and markets a wide range of security, fire detection, suppression, and life safety products worldwide. The company operates in more than 1,000 locations in 50 countries and markets its products in more than 200 countries. As of September 26, 2014, the company had 57,000 employees worldwide. Geographically, the company categorizes its business operations into four areas: North America, EMEA, APAC, and Latin America.
Tyco International established its presence in FPD market with its wide range of offerings for the oil and gas, healthcare, home security, marine, banking and finance, retail, and transportation industries.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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