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Indian Fire and Gas Detection Systems Market
Frost & Sullivan, Nov 2009, Pages: 93
This research service analyses the Indian market for Fire and Gas Detection systems, with 2008 as the base year. It provides a complete analysis of the market dynamics such as drivers, restraints, challenges, strategies adopted in the market, market share analysis, competitive structure, industry best practices and key company profiles.
This Frost & Sullivan research service titled Indian Fire and Gas Detection Systems Market provides an overview of the fire and gas detection market, analyzes the competition among companies, and offers a snapshot of market opportunities. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: fire detection systems (detectors, fire alarm panels) and gas detection systems (toxic gas detectors and flammable gas detectors).
This analysis is available throughFrost & Sullivan's Building Management Technologies Growth Partnership Service program. With continuous access to intelligence and resources from all seven perspectives of the Complex Business Universe, the Growth Partnership Services program ensures that you and your Growth Team™ are able to maintain a 360 Degree Perspective of the market. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth.
Market Overview
Industrial Growth in India Ignites the Market for Fire and Gas Detection Systems
Ever since India opened up its markets to international participants, the attendant rise in construction activity in industrial sectors such as oil and gas, power, and petrochemicals as well as the higher awareness about the need for security has made the country a hotbed of activity for the fire and gas detection system market. Such a favorable environment has helped the Indian fire and gas detection market grow at an unprecedented pace over the last couple of years. The market will also be buoyed by the growth of the IT and IT-enabled services (ITES) sector – one of the major end users of security products. While the IT and ITES sector offers a favorable platform for the fire detection equipment market in the commercial space, the industrial sector stimulates the gas detection equipment market. The increasing focus on the oil and gas and metals industries has fostered an encouraging investment environment for the fire and gas detection market in India.
Such heightened demand for security has placed greater pressure on the supply market to grow in tandem, overcoming the issues of high costs and low budgets. The market is expected to exhibit new usage patterns and participants will have to figure out ways to cope with them and use them to their advantage. 'For instance, until a few years back, there was almost no usage of liquefied petroleum gas (LPG) or compressed natural gas (CNG) as alternate fuels in commercial and residential sectors,' says the analyst of this research. 'However, of late, the use of gas pipeline for gas supply in residential complexes has improved, promoting the growth of gas detection systems.' Manufacturers and suppliers have also done their bit by spreading awareness to shift end-user perception in favor of technically sophisticated fire and gas detection systems and participants are expected to capitalize on this shift by providing technologically advanced products. This enhanced awareness has caused sectors such as steel to start using gas detection systems. Public infrastructure growth such as new airports and commercial office spaces are further fueling the development of detection systems in India.
As most companies in the market are foreign participants, currency exchange volatility will affect their bottom line growth. Most projects are generated from the government sector, where the payment cycle is around three to four months. This creates a crunch in the working capital. Companies that have not hedged against these currency fluctuations will be challenged when the Indian currency fluctuates against the US dollar. Meanwhile, due to the current economic conditions, a few construction projects were deferred, especially in the IT and ITES sectors. 'Fire and gas detection companies should focus on high-growth sectors such petrochemical, metals, telecom, airports, railways, and power,' notes the analyst. 'Similarly, companies should concentrate on Tier II cities that are offering abundant opportunities in terms of commercial infrastructure development.'
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
Fire detection systems
- Detectors
- Fire alarm panels
Gas detection systems
- Toxic gas detectors
- Flammable gas detectors
Technologies
The following technologies are covered in this research:
- Laser
- Infrared
- Point-type detectors
- Electrochemical sensors
- Catalytic sensors
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