Connect with us

Hi, what are you looking for?

Fire Protection Systems Market Trends, Top Manufactures, Industry Growth Analysis and Forecast 2030

The Global Fire Protection Systems Market was valued at USD 96.21 billion in 2020 and is predicted to reach USD 152.88 billion by 2030 with a CAGR of 4.3% from 2021-2030.

Fire protection systems are used to suppress or control fire with the help of manual or automatic detectors. These systems are essentially installed in any building to detect, control and extinguish potential fire outbreaks. They consist of various components such as flame detectors, smoke control device, fire alarms and automatic sprinkler system, which help to alarm the building residents on time and thereby reduce the loss of properties. Apart from residential buildings, fire protection systems find application in various other sectors such as banks, institutions, mining, oil & gas, healthcare and transportation among others for safeguarding against fire.

Access Full Description of this report at:-

https://www.nextmsc.com/report/fire-protection-systems-marketg

Competitive Landscape

The Fire Protection Systems Market, which is highly competitive, consists of a few major players such as Gentex Corporation, Halma Plc., Hochiki Corporation, Honeywell International Inc., Johnson Controls International Plc., Minimax Viking GmbH, Robert Bosch GmbH, Securiton AG, Siemens AG, and Raytheon Technologies. The market players have adopted various strategies such as product launch and acquisition to maintain their dominance in the market. For instance, in June 21, 2019, Halma Plc announced that it has acquired Ampac, which is a fire and evacuation system company in the Australian and New Zealand market. This acquisition supports Halma Plc’s strategy to grow its business internationally, strengthen its market position and enhance its fire system offering.

Also, in November 13, 2020, Johnson Controls International Plc. launched Smart Connected Fire Sprinkle Monitoring solution that has 24/7 remote monitoring capabilities, which helps to prevent system failure. This monitoring system continuously collects data such as water presence, pressure and temperature to provide proactive notification to building manager who can than quickly manage the issue.

Request sample copy of this report at:-

https://www.nextmsc.com/fire-protection-systems-marketg/request-sample

Market Segmentations and Scope of the Study:

The global fire protection systems market is segmented on the basis of product type, type, end-user and geography. On the basis of product type, the market is divided into fire detection, fire response, fire suppression, and fire analysis. On the basis of type, the market is categorized into active fire protection systems and passive fire protection systems. On the basis of end user, the market is segregated into commercial, industrial, governmental, institutional, and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the lion share of the fire protection systems market. This is attributed to the factors such advancement in fire protection equipment, stringent fire safety regulation and increasing construction of commercial building. Besides, rising awareness about fire safety concerns and increasing damage of properties due to fire accidents also boost the market growth in this region.

However, the Asia Pacific is expected to witness the highest growth rate during the forecast period. The growth is most likely to be fueled by the rapid industrialization, increasing construction of residential buildings and government regulation towards safety.

Contact:
Phone Number: +1-217-650-7991
E-mail: info@nextmsc.com

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com

Written By

You may also like:

World

Calling for urgent action is the international medical humanitarian organization Doctors Without Borders/Médecins Sans Frontières (MSF)

Business

The cathedral is on track to reopen on December 8 - Copyright AFP Ludovic MARINParis’s Notre-Dame Cathedral, ravaged by fire in 2019, is on...

Business

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas - Copyright AFP Mark FelixPointing to the still...

Business

A recent article in the Wall Street Journal infers that some workers might be falling out of the job market altogether.