Under Section 19 of the Safety, Health and Welfare at Work Act 2005 (the 2005 Act) every employer shall identify hazards, assess risks and have a written risk assessment, including any unusual or other risks. To comply with Section 19, employers are required to carry out risk assessments and to record these in the Safety Statement
The article cited AMA's "Global Flame Detectors Market Study" explored CAGR of 6.6%. According to the report, Increasing Development of Smart Buildings and Sustainable Construction
is one of the primary growth factors for the market. The Need of Comprehensive Flame Detector Solutions Across Diverse Sectors
is also expected to contribute significantly to the Flame Detectors market. Overall, Manufacturing
applications of Flame Detectors, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Service Type, such as Maintenance, is boosting the Flame Detectors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Flame Detectors market identified that the demand is rising in many different parts of the world as "Localizing Value Chain Activities in Developing Countries
". Furthermore, some recent industry insights like "In January 2023, Siemens has introduced two new aspirating smoke detectors (ASD), FDA261 and FDA262, catering to particularly challenging fire safety installations that extend over wide areas, such as large data centers, e-commerce warehouses, or industrial manufacturing sites" is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Flame Detectors market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Flame Detectors market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.