Research and Markets: Global Fire Protection Systems in Oil and Gas Markets 2016-2020 – Key Vendor Analysis

Research and Markets (http://www.researchandmarkets.com/research/rhn5b2/global_fire) has announced the addition of the "Global Fire Protection Systems in Oil and Gas Markets 2016-2020" report to their offering.

The research report 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.

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.

Companies Mentioned:

• 3M
• KEVTA
• Kidde Fire Systems
• Orcus Fire & Risk
• Tyco International

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by end-user

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/rhn5b2/global_fire

View source version on businesswire.com: http://www.businesswire.com/news/home/20160112006276/en/