Industrial Cooking Fire Protection System Market Expected to Reach $71.9 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Industrial Cooking Fire Protection System Market," The industrial cooking fire protection system market was valued at $34.3 billion in 2021, and is estimated to reach $71.9 billion by 2031, growing at a CAGR of 8.3% from 2022 to 2031.

An industrial Cooking Fire Protection System is a specialized safety solution designed to identify and extinguish fires that may arise in commercial kitchens, restaurants, catering facilities, and other food preparation areas. Its primary purpose is to prevent and manage fires originating from cooking appliances, hot surfaces, flammable cooking oils, and other potential sources of ignition. The system comprises several elements, such as heat and smoke detectors, fire-suppressing agents, control panels, and strategically positioned discharge nozzles within the kitchen space.

Once a fire is detected, the system promptly releases a fire-suppressing agent, typically a wet chemical or fine mist, directly onto the fire's source. The agent functions by cooling the flames and creating a barrier to prevent re-ignition. Additionally, it depletes the oxygen necessary for combustion, effectively extinguishing the fire. The system's control panel acts as the central control hub, continually monitoring the cooking area for any signs of fire and triggering the fire suppression process when needed.

End users of industrial Cooking Fire Protection Systems encompass a wide array of establishments engaged in food preparation and cooking activities. This includes restaurants, hotels, cafeterias, fast-food chains, catering companies, food processing plants, and institutional kitchens. As these places often handle extensive cooking operations, the risk of fire incidents is heightened. Implementing a reliable fire protection system is critical not only for ensuring the safety of occupants and employees but also for safeguarding valuable equipment and property from fire-related damages. Compliance with fire safety regulations and insurance requirements is another significant factor motivating end users to adopt such systems, as they demonstrate a commitment to safety and risk mitigation.

Due to rising demand for water mist suppression systems and the need to safeguard industrial kitchens from fire threats, the industrial cooking fire protection system market trends is anticipated to expand significantly over the forecast period. Additionally, during the anticipated period, the development of wireless and remote function cooking fire protection systems is anticipated to drive the market expansion for industrial cooking fire protection systems. The key reasons that limit the growth of the Industrial Cooking Fire Protection System Market Growth are, however, cost, which is frequently the deciding factor when choosing a new cooking fire protection system.

The industrial cooking fire protection system market size is based on the analysis of product type, connectivity, and end use segments. Among product type, the fire alarm type segment was the highest contributor to the market in 2021, and accounted for a notable market share in 2021. Among connectivity, the wired segment was the highest revenue contributor in 2021. The surge in demand for industrial cooking fire protection system in sectors such as commercial, residential, and others globally has led to the growth of the market. Among end use, Restaurants and Hotels segment was the highest contributor to the market in 2021, and it is expected to provide a notable industrial cooking fire protection system market share during the forecast period.

KEY FINDINGS OF THE STUDY

• The fire alarm type segment was the highest revenue contributor to the industrial cooking fire protection system industry, with $26,940.4 million in 2021, and is estimated to reach $57,399.97 million by 2031, with a CAGR of 8.5%.
• The wired segment was the highest revenue contributor to the market, with $28,921.91 million in 2021, and is estimated to reach $59,371.5 million by 2031, with a CAGR of 8.1%.
• The restaurants and hotels segment was the highest revenue contributor to the market, with $12,624.54 million in 2021, and is estimated to reach $28,289.89 million by 2031, with a CAGR of 9.05%.
• North America was the highest revenue contributor, accounting for $10,647.36 million in 2021, and is estimated to reach $20,834.7 million by 2031, with a CAGR of 7.58%. Europe is estimated to reach $21,093.51 million by 2031, at a significant CAGR of 8.53%.

The key players profiled in the report include Carrier Global Corporation, Eaton Corporation Plc, Halma Plc, Hochiki Corporation, Honeywell International Inc, Johnson Controls International Plc, Napco Security Technologies Inc, Nittan Company Limited, Robert Bosch GmbH, and Siemens AG. Market players have adopted various strategies such as product launch, collaboration, partnership, joint venture, and acquisition to expand their foothold in the industrial cooking fire protection system market.