The fire protection systems market overview gives a brief idea of the overall market. The market size and share analysis help determine where the market stands and where it is going
Progressive Markets added a report, "Global Fire Protection Systems Market - Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025", which says that the market is expected to grow at a CAGR of 10.5% from 2017 to 2025.
Safety is of prime importance in our workplaces or homes. So, it is necessary to incorporate the buildings with fire protection systems to prevent fire breakouts which can cause a considerable damage to our lives and properties.
Such systems are employed for detecting and extinguishing a fire. Fire protection systems include fire response systems, fire extinguishers, fire analysis software, fire or smoke sensors & detectors, fire sprinklers, and others.
They have become a necessity in residential buildings, commercial buildings, and various industries such as transportation, manufacturing, oil & gas, and more.
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Market Drivers and Restraints
The market for fire protection systems is witnessing a robust growth and several factors are playing a role in fueling the growth of the market. The factors include the rise in policies, regulations, and government mandates, increased fire-related expenditure by various enterprises, and technological advancements and innovations in equipment and networking.
On the other hand, the high cost associated with the installation and maintenance of fire protection systems and the lack of integrity in system interfaces are likely to hinder the market growth.
Fire Protection Systems Market Key Segmentation:
The fire protection systems market research report studies the market based on the technology, products, services, application, and geography. Based on technology, the market is divided into active fire protection systems and passive fire protection systems.
Based on product, the market is segmented into fire detection systems, fire management systems, fire extinguishers, fire analysis software, fire response systems, and others. The fire detection systems are classified into sensors & detectors and Radio-Frequency Identification (RFID) Systems.
The sensors and detectors segment is again divided into flame detectors, single infrared (IR), single ultraviolet (VU), dual VU/IR, triple IR (IR3), multi IR, smoke detectors, and other detectors. The fire management segment is divided into fire sprinklers, fire extinguishers, and others.
The fire sprinklers are classified as wet fire sprinklers, dry fire sprinklers, pre-action fire sprinklers, deluge fire sprinklers, and others. The fire extinguishers are classified as water extinguishers, foam extinguishers, dry chemical extinguishers, carbon dioxide extinguishers, and other extinguishers.
The fire analysis software is divided into fire mapping & analysis software and fire modeling & simulation software. The fire response systems segment is classified as emergency lighting systems, voice evacuation & public alert systems, secure communication systems, and fire alarm devices.
By services, the fire protection systems market is divided into engineering services, installation & design services, maintenance services, managed services, and other services. By application, the market is divided into residential, commercial, energy & power, government, manufacturing, oil, gas & mining, transportation & logistics, and others.
Based on geography, the market is divided into Asia-Pacific, Europe, LAMEA, and North America. The market in the Asia-Pacific region covers China, Japan, India, Australia, South Korea, and the rest of Asia-Pacific.
The market in Europe covers UK, Germany, France, Spain, Italy, and the rest of Europe. The market in LAMEA covers Brazil, Saudi Arabia, South Africa, and the rest of LAMEA.
In North America, the market covers the U.S., Canada, and Mexico.
The fire protection systems market report identifies the key players operating in the global market. These players include Halma PLC, Gentex Corporation, Honeywell International Inc., Bosch Security Systems, Johnson Controls, Inc., Hochiki Corporation, London Security PLC, United Technologies Corporation, Tyco International Limited, and VT MAK.
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Key Benefits from the Report
The report provides a comprehensive understanding of the global fire protection systems industry with the help of fire protection systems market size, fire protection systems market share analysis, fire protection systems market outlook, fire protection systems market overview, Porter's analysis, market dynamics, trends analysis, and more. The report is a useful tool for market players and investors for making informed decisions and planning sound business goals.
The Porter's analysis evaluates the forces that impact the competitive structure of the market. It comprises the bargaining power of buyers, bargaining power of suppliers, the threat of substitutes, industry rivalry, and the threat of new entrants.
The market dynamics include the drivers and restraints impacting the growth of the market. The key players providing solutions in the field are also included in the report.
Apart from the overview of these players, the report also includes their financials and business segments and their recent developments.
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