The report, now available on ASDReports, recognizes the following companies as the key players in the Global Fire Protection Systems Market in the Oil and Gas Industry: 3M, KEVTA, Kidde Fire Systems, Orcus Fire & Risk and Tyco International
Commenting on the report, an analyst said: “Rising environmental awareness regarding the need to reduce ozone depletion and global warming has encouraged oil and gas operators to adopt environmentally friendly FPS such as gaseous and water mist systems. Water mist suppression systems are preferred for fire protection, as they use less water than sprinkler systems.”
According to the report, the Government of India established the OISD in 1986. This organization conducts external safety audits to identify and prevent hazards and monitor the workplace environment of oil and gas facilities. The OISD examines safety management systems and management policies; plant layouts; operations, inspections, and maintenance procedures; fire accident records and protection facilities; and safety training facilities. It also conducts pre-commissioning safety audits and surprise safety audits.
Further, the report states that a persistent decline in the oil prices during the forecast period will likely reduce investments in drilling and exploration, affecting demand for FPS.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Source: ASDReports - Market Research
Date: Jan 4, 2016