Global Fire Protection System Market By Product (Fire Detection, Fire Sprinkler System, Fire Suppression, Fire Response, Fire Analysis), Service (Installation and Design, Engineering, Managed, Maintenance, Others), Vertical (Commercial, Residential, Energy & Power, Government, Manufacturing, Oil, Gas and Mining, Transportation and Logistics, Others), Region (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Definition: Global Fire Protection System Market
Fire Protection is developed to reduce the undesirable impact of flame and its conceivably damaging perils. The arrangement of fire indicators, alarms and programmed fire sprinklers are the piece of flame assurance framework. The flame guidelines must be executed in production lines, open spots, transportation and living zones. A few instances of flame assurance frameworks are post marker cautions, alter switches, water stream alerts and among others.
Market Drivers: Global Fire Protection System Market
- Strict government regulations regarding fire protection is driving the growth of the market
- Increasing technological advancements worldwide is boosting the market growth
- Property loss and increasing deaths due to fire is driving the growth of the market
- Increased rate of accidents is also one of the key factor in driving the market growth
- Unpredicted fire alarm system failure is restraining the growth of the market
- High Expenditure cost of fire protection system hampers the market growth
Segmentation: Global Fire Protection System Market
- Fire Detection
- Flame Detectors
- Smoke Detectors
- Heat Detectors
- Fire Suppression
- Fire Response
- Emergency Lighting Systems
- Voice Evacuation and Public Alert Systems
- Secure Communication Systems
- Fire Alarm Devices
- Fire Analysis
- Fire Mapping and Analysis Software
- Fire Modelling and Simulation Software
- Fire Sprinkler System
- Other Fire Sprinkler Systems
- Installation and Design
- Academic and Institutional
- Banking Financial Services, and Insurance (BFSI)
- Energy & Power
- Oil, Gas, and Mining
- Transportation & Logistics
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market
- In June, 2019 The National Wildfire Coordinating Group accepted a modification of wildland firefighter shirt to include retroreflective striping on the pockets flaps and the arms. Reducing life risk of firefighters as the normal yellow meta-aramid blend shirt will have suitable stability of all fabric qualities.
- In May, 2019 The Bureau of Indian Standards (BIS) proposed an Indian standard for fire survival cables. Short circuits and electrical fires are the major cause of melting cables and in India there are no standards for fire –survival cables. The move will help to aware people about the fire safety as these cables are intended to withstand temperatures upto 950°C for at least 3 hrs.
Global fire protection system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of photonic integrated circuit market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Major Market Players:
Few of the major competitors currently working in the global fire protection system market are Johnson Controls ;United Technologies; Honeywell International Inc ; Siemens; Halma plc; Robert Bosch GmbH.; Hochiki Europe, LLC.; Minimax; Gentex Corporation; Securiton A ; Encore Fire Systems; Sterling Safety Systems ; Fire Suppression Ltd; SCHRACK SECONET AG ; Napco Security Technologies ,Inc.; VFP Fire Systems,Inc.; H.I.S. Fire And Safety ; Total Safety U.S.,Inc., Fire & Safety Specialists.
Research Methodology: Global Fire Protection System Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved