Global Fire Protection Systems in Oil and Gas Market Report To 2020: Latest Report Available By Radiant Insights, Inc

Global Fire Protection Systems in Oil and Gas Market Share
and Forecasts 2016-2020 by Radiant Insights
Market outlook of the FPS market in the oil and gas industry
Technavios research analyst predicts the global FPS market in the oil and gas industry to grow steadily at a CAGR of
close to 4% during the forecast period. One of the primary drivers for the growth of this market is the stringent
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 overall 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 eco-friendly fire-suppression systems is another significant trend driving the growth of the FPS market.
Rising environmental awareness such as the need to reduce ozone depletion and global warming has driven oil and
gas operators to adopt environmentally friendly FPS such as gaseous and water mist systems. Many oil and
operators and FPS vendors are developing fire suppression materials that are sustainable and effective.
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End-user segmentation and analysis of the FPS market in the oil and gas industry
Upstream
Midstream
Downstream
The upstream segment led the FPS market during 2015, with a market share of over 43%. The growing demand for
oil and gas resources has magnified upstream or exploration and production (E&P) activities worldwide, leading to
its dominance in the overall market. This rising E&P activities coupled with the need to prevent fire hazards has
contributed to the growth of the FPS market.
Geographical segmentation and analysis of the FPS market in the oil and gas industry
Americas
APAC
EMEA
The Americas held the largest share of the FPS market in the oil and gas industry and accounted for about 42% of
the total market share. The US and Canada are the major contributors in this region. For instance, oil companies in
Canada, especially in Calgary, Alberta, are making massive investments in passive and active FPS.
Competitive landscape and key vendors
The 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. Therefore, many providers
have been motivated to enter the market due to the rising oil and gas activities worldwide.
The leading vendors in the market are 3M
KEVTA
Kidde Fire Systems
Orcus Fire & Risk
Tyco International
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Table of Contents
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by end-user
Global FPS market in the oil and gas industry by end-user
FPS market in upstream oil and gas sector
FPS market in downstream oil and gas sector
FPS market in midstream oil and gas sector
PART 07: Geographical segmentation
Geographical segmentation of global FPS market in oil and gas industry
FPS market in oil and gas industry in APAC
FPS market in oil and gas industry in the Americas
FPS market in oil and gas industry in EMEA
PART 08: Market drivers
Strong regulatory framework
Technological advances in fire-suppressing systems
Increased focus on safety standards
PART 09: Impact of drivers
PART 10: Market challenges
Growing investments in alternative energy sources
Technological issues related to FPS
Decreasing oil prices
PART 11: Impact of drivers and challenges
PART 12: Market trends
Use of eco-friendly fire-suppression systems
Rising number of contracts
Employment scenario in the US
PART 13: Vendor landscape
Competitive scenario
PART 14: Key vendor analysis
3M
KEVTA
Kidde Fire Systems
Orcus Fire & Risk
Tyco International
PART 15: Appendix
List of abbreviations
PART 16: Explore Technavio
?
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