New York, Jan. 28, 2022 (GLOBE NEWSWIRE) — The number of registered data centers worldwide in 2020 was close to 7 billion. Moreover, in the same year, expenditure on data center infrastructure was recorded at almost USD 190 billion, which is further expected to reach around USD 200 billion by the end of 2021. On the other hand, according to statistics from the United States Fire Administration (USFA), the total number of non-residential building fires in the United States in 2019 was estimated at approximately 110,900 numbers. On top of that, fire dollar losses in the country increased by 74.5% from the year 2010 to $14.8 billion in 2019.
Research Nester recently published a report on “Global data center fire detection and suppression marketwhich focuses on the key strategies adopted by market players operating in the market, and also includes an in-depth overview of growth factors, key market opportunities, latest trends, and barriers associated with market growth in the years to come. year.
Internet addiction of the world’s population is increasing dramatically. The International Telecommunication Union (ITU), said in one of its statistics that nearly 4 billion people worldwide were using the internet by the end of 2019. On the other hand, the increasing adoption of advanced technologies, such as Internet of Things (IoT), artificial intelligence, machine learning and cloud technologies, among others, reinforce the need for companies to increase their investments in these technologies and deploy data centers to store a large amount of user-generated data. For example, projected spending on IoT globally is estimated to be around $1 trillion by the end of 2023. However, the growing concern over data center fires is growing at a rapid rate, which which is expected to drive the demand for fire detection and suppression systems in data centers. Publicly reported data center outages caused by fire globally have increased from around 1 case in 2016 to nearly 5 cases in 2020. Additionally, the number of reported data center outages due to a of fire extinguishing equipment in 2020 was 2 cases.
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Global data center fire detection and suppression market recorded revenue of USD 353.6 million in 2020 and is further expected to reach USD 647.1 million by the end of 2030 , increasing with a CAGR of 6.3% during the forecast period, i.e., 2021-2030. The market is also expected to grow owing to the increasing concern of data center owners for the cost associated with unplanned downtime and for the increasing load on data centers every year. The average data center density in 2018 was close to 5 kW per rack. Additionally, the estimated average rack density in major data centers was close to 8 kW in 2021.
The global data center fire detection and suppression market is segmented by region into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Among the market in these regions, North America market registered the highest revenue of USD 131.2 million in 2020 and is further expected to touch USD 228.4 million by the end of 2030. D On the other hand, the Asia-Pacific market is expected to generate the largest revenue of $183.7 million by the end of 2030, and also grow with the highest CAGR of 7.2% during of the forecast period.
The global data center fire detection and suppression market is also segmented by fire systems into fire suppression and detection. Among these segments, the fire detection segment recorded the highest market share in 2020 and is further expected to generate the the biggest turnover by the end of 2030. The segment is also expected to grow with the highest CAGR of 6.5% during the forecast period. The segment is further divided into flame detection, smoke detection, and heat detection. Among these segments, the smoke detection-based segment is expected to generate the largest revenue of USD 192.3 million by the end of 2030, compared to revenue of USD 102.8 million in 2020.
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The global data center fire detection and suppression market is further segmented by deployment level at cabinet level, technical space/room level and other spaces/ building levels. Among all these segments, the firm-level segment had the highest revenue of USD 212.6 million in 2020 and is further expected to reach USD 403.4 million by the end of 2030. The segment is also expected to to grow with the highest CAGR during the year 2020. the forecast period.
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Some of the major industry leaders in the global data center fire detection and suppression market that are included in our report are 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.
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