Global Fire Protection System Market, By Type (Active Fire Protection System, Passive Fire Protection Systems, Passive Fire Protection Areas), Product (Fire Detection, Fire Sprinkler System, Fire Suppression, Fire Response, Fire Analysis), Service (Installation and Design Services, Engineering Services, Managed Services, Maintenance Services, Others), End User (Commercial, Residential, Energy and Power, Government, Manufacturing, Oil, Gas and Mining, Transportation and Logistics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The fire protection system market size is valued at USD 118.77 billion by 2028 is expected to grow at a compound annual growth rate of 7.58% in the forecast period of 2021 to 2028. Data Bridge Market Research report on fire protection system provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Fire protection systems are chiefly used to control, detect and extinguish fire or smoke and aware the occupants of a building or an establishment regarding the same, thus reducing the risk of casualties and loss of properties. Fire protection systems consist of equipment such as fire extinguishers, fire detectors, fire hose reels, fire hydrant systems and automatic sprinkler systems.
The high adoption of wireless technology in fire detection is expected to influence the growth of fire protection system market over the forecast period of 2021 to 2028. Also the stringent regulations and increase in the human and property loss due to fire breakouts are also anticipated to flourish the growth of the fire protection system market. Furthermore, the high growth in construction industry and rise in awareness of the safety and security of assets are also likely to positively impact the growth of the market. Moreover, the increase in demand to replace the traditional wired system and the high demand for fire protection systems that has the combined features of surveillance and fire detection systems are also expected create a huge demand for fire protection system as well as lifting the growth of the fire protection system market.
However, the high initial costs, rise in cost of upgrading traditional fire detectors to smart detectors and increase in concerns related to false alarms and detection failure are expected to act as the major limitations for the growth of fire protection system in the above mentioned forecasted period, whereas the integration of user interfaces with fire protection solutions can challenge the fire protection system market growth in the forecast period of 2021 to 2028.
Likewise, the high adoption of water mist systems, periodic revision of regulatory compliances and incorporation of smoke detectors with IoT and big data are expected to create various new opportunities that will lead to the growth of the fire protection system market in the above mentioned forecasted period.
This fire protection system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fire protection system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fire Protection System Market Scope and Market Size
The fire protection system market is segmented on the basis of type, product, service and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The fire protection system market is segmented on the basis of type into active fire protection system, passive fire protection systems and passive fire protection areas.
- On the basis of product, the fire protection system market is segmented into fire detection, fire sprinkler system, fire suppression, fire response and fire analysis. Fire detection has further been segmented into flame detectors, smoke detectors and heat detectors. Flame detectors have further been sub-segmented into single IR (infrared), single ultraviolet (UV), dual UV/IR, triple IR (IR3) and multi IR. Smoke detectors have further been sub-segmented into photoelectric, ionization and dual-sensor smoke detectors. Fire suppression has further been segmented into chemical, gaseous, water and foam. Fire response has further been segmented into emergency lighting systems, voice evacuation and public alert systems, secure communication systems and fire alarm devices. Fire sprinkler system has further been segmented into wet, dry, pre-action, deluge and other fire sprinkler systems. Fire analysis has further been segmented into fire mapping and analysis software and fire modelling and simulation software.
- Based on service, the fire protection system market is segmented into installation and design services, engineering services, managed services, maintenance services and others. Others have further been segmented into tenancy and refurbishment upgrade services.
- The end user segment of the fire protection system market is segmented into commercial, residential, energy and power, government, manufacturing, oil, gas and mining, transportation and logistics and others. Commercial has further been segmented into academia and institutional, retail, healthcare, hospitality and banking, financial services, and insurance (BFSI). Others have further been segmented into telecom and IT, public utilities and media and entertainment.
Fire Protection System Market Country Level Analysis
The fire protection system market is analyzed and market size, volume information is provided by country, type, product, service and end user as referenced above.
The countries covered in the fire protection system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the fire protection system market because of the high demand for smart buildings and intelligent houses that deliver optimum safety and security. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the strong presence of all industrial and commercial organizations and the rise in awareness amongst the end-consumers and booming construction sector in countries such as India and China.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fire Protection System Market Share Analysis
The fire protection system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fire protection system market.
The major players covered in the fire protection system market report are Johnson Controls, United Fire Protection Corporation, Honeywell International Inc., Siemens, Halma plc, Robert Bosch GmbH, Hochiki Europe, LLC, Minimax, GENTEX CORPORATION, Securiton AG, Encore Fire Protection, Sterling Safety Systems, Fire Suppression Ltd., SCHRACK SECONET AG, Napco Security Technologies, Inc., VFP Fire Systems,Inc., Total Safety U.S.,Inc., Fire & Safety Specialists, ORR PROTECTION and SA Fire Protection among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Fire Protection System Market
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