Research Nester has released a report titled “Data Center Fire Detection and Suppression Market: Global Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
About USD 5500/minute is registered to be the average cost of downtime in the IT industries. On the other hand, the average data center density grew from about 5kW per rack in the year 2018 to 8kW per rack in the year 2021.
The statistics portray the growing concern amongst IT companies for the cost of an unplanned downtime, and on the other hand, also shares the increase in the capacities of the data centers worldwide. The surge in the load capacities of data centers raises the risk of an equipment failure, resulting in a fire incident at any point of time. As a result, there is a growing need amongst data center owners to adopt fire detection and suppression systems so as to monitor any incidences of fire and also lower the risks of damage caused due to such events.
The global data center fire detection and suppression market is anticipated to grow with a CAGR of 6.3% over the forecast period, i.e., 2021 – 2030. The market is estimated to garner a revenue of USD 647.1 Million by the end of 2030, up from a revenue of USD 353.6 Million in the year 2020. The market is segmented by deployment level into in-cabinet level, technical space/room level, and other building space/level. By the end of 2030, the in-cabinet level segment is anticipated to garner the largest revenue of USD 403.4 Million. Also, the segment generated a revenue of USD 212.6 Million in the year 2020, and is further expected to grow with a CAGR of 6.7% during the forecast period.
By region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. By the end of 2030, the market in North America is anticipated to garner the largest revenue of USD 228.4 Million, up from a revenue of USD 131.2 Million in the year 2020. The market in the region is anticipated to grow on the back of the availability of numerous data centers in countries, such as the United States, as well as the stringent government norms to follow fire safety protocols.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
However, the high installation and maintenance cost is one of the major factors predicted to hinder the market growth.
This report also provides the existing competitive scenario of some of the key players of the global data center fire detection and suppression market, which includes company profiling of Honeywell International Inc., Danfoss A/S, Siemens AG, Johnson Controls, Robert Bosch GmbH, Halma plc, HOCHIKI Corporation, Cannon Fire Protection Ltd., The Chemours Company, Minimax GmbH & Co. KG, Carrier Global Corporation, Fike Corporation, Amerex Corporation, FIREFLEX SYSTEMS INC., Victaulic Company, and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Data Center Fire Detection and Suppression Market: Global Demand Analysis & Opportunity Outlook 2030”, analyses the overall global data center fire detection and suppression industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global data center fire detection and suppression market in the near future.