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Analysis of the Global Fire and Safety Market

  • February 2015
  • -
  • Frost & Sullivan

Key Findings

-The global fire and safety market has exhibited positive revenue growth since the economy recovered in 2012. This economic stability also resulted in the growth of the global construction sector, particularly in North America, India, Africa, and the Middle East.
-The fire and safety market is divided into 2 segments, namely, fire detection and fire suppression.
-The fire detection segment holds the largest share and is projected to dominate throughout the forecast period.
-While both segments were negatively impacted during the recent economic crisis, fire suppression was affected more because the pricing of these systems is driven by the cost of the raw materials used. Therefore, during the economic recession, the high cost of the raw materials and the associated investments led to a decline in growth in the fire suppression segment.
-The types of raw materials used are extinguishing agents (including CO2, pressurizing agents, and dry chemical powders) and piping works. Raw material prices can fluctuate and affect profit margins.
-Hence, vendors have to find a strategy to fight these fluctuations by developing innovative and cost-effective solutions. For example, hybrid systems (water and nitrogen) or water mist systems can be supplied; however, product quality must not be compromised.
-The fire suppression segment has recovered and is expected to witness a compound annual growth rate (CAGR) of x % from 2014 to 2021.
-The North American market is the largest and is anticipated to observe a CAGR of x %. Asia-Pacific is expected to witness a similar CAGR of x %. The Rest-of-World (ROW) holds the 3rd position due to the growing real estate boom in Africa, the Middle East, and India.

CEO’s Perspective

In 2014, the global fire and safety market generated a revenue of $ x million. It is expected to witness a CAGR of x %.
North America and Asia-Pacific are witnessing high growth.
Construction activities, asset protection, fire codes, and consumer knowledge are the main drivers of market growth.
In 2014, the top x participants dominated the market with a x % share.
Price, distribution network, product offerings, and innovation are the key competitive factors

Definitions

Detectors provide a means to identify a developing fire. They are installed as part of a building, and these systems can sense combustion or any unwanted presence of fire. Detectors and alarms are the 2 main categories of detection equipment. Products are chosen based on usage and building type. Detectors are mainly designed to identify products of combustion, such as smoke, heat, and flame. The 3 main types of detectors are as follows:
-Smoke Detectors: Smoke detectors function to detect smoke in a particular room and to warn of fire by triggering an alarm. These detectors are of 2 types - optical (photoelectric) and physical (ionization). Ionization detectors are no longer in significant use due to environmental reasons and are being replaced by optical detectors, in most cases. Optical detectors work on the light scatter principle to identify smoke particles in the sensing chamber.
-Heat Detectors: Heat detectors warn of fire when the temperature in the area around the smoke detector reaches a certain level. These detectors are of 2 types - conventional and addressable heat detectors. They are also categorized as fixed and rate-of-rise detectors. Rate-of-rise detectors react to a rapid change, or a rise, in ambient temperature from a normal baseline condition.
-Flame Detectors: Flame detectors sense the amount of ultraviolet (UV) or infrared (IR) radiant energy given off during a fire. Often, they are considered to have the fastest response time in terms of detecting a fire due to their fast detection capabilities.

Fire alarms are of 3 types, as follows:
-Conventional Panels: Conventional systems have a few circuits, with each circuit covering a zone within a building. The protected area is divided into separate zones; so, if a fire occurs, only the affected zone area is displayed on the main panel.
-Addressable Panels: In addressable systems, the devices are connected in loops, with each device having its own unique address. The addressable system panel can identify the state of each device in the loop. The exact location of the detector will be displayed on the panel in the event of a fire. Further, these panels offer other benefits, such as easier integration with other building safety systems
-Notification Devices: These are output devices used to alert the occupants of a building in case of an emergency fire situation. Notification devices include horns, strobes, and speakers and are defined by the National Fire Protection Association (NFPA) as system components providing audible or visual output, or any combination thereof. Generally, these devices are combined, such as horns and strobes, to meet the needs of persons with hearing or sight disabilities.

Key Product Trends

Despite market maturity, the industry continues to introduce new product offerings that have contributed to product turnover and attracted new demand.
-The demand for clean agents is expected to increase during the forecast period. These agents are considered as premium products; however, water-based products, such as water mist technologies, could capture market share from gas suppression systems.
-Technological and product trends also influence the demand for fire systems. Trends in nozzle designs, water droplet sizes, high pressure systems ( x psi when compared to x psi), and multi-element detection systems hold the potential to positively impact the growth of the fire and safety market.
-Underwriters Laboratories (UL)-approved high-pressure inert systems with x bar will also gain market share during the forecast period.
-Mass notifications, low frequency sounders, aspirating smoke detectors, and voice evacuation are demonstrating increased demand and are expected to trend positively during the forecast period.
-The penetration of Internet protocol (IP) technology in the fire and safety market is on the rise. This is due to the ease of implementation and the convenience of installation as most new buildings already have IP networks.
-Aspirating smoke alarm detectors and addressable control panels will continue to generate demand due to higher performance capabilities.
-Integrated solutions are also acting as excellent specialized solutions to end users. Fire systems can be integrated with other systems in the building, such as the security system and the building management and control system and can even share the same output devices, such as sounders and lighting controls.

Key Questions This Study Will Answer

Is the market growing? How long will it continue to grow and at what rate?
Which geographical regions are demonstrating growth?
Which end user will influence the demand for fire and safety systems?
How does the value chain impact the demand for fire and safety systems?
What are the pricing challenges and trends in the market?

Table Of Contents

Analysis of the Global Fire and Safety Market
Executive Summary 4
Market Overview 9
Total Fire and Safety Market -
- Drivers and Restraints 23
- Forecast and Trends 31
- Market Share and Competitive Analysis 49
Mega Trends and Industry Convergence Implications 58
CEO's 360 Degree Perspective on the Fire and Safety Industry 61
Global Fire Suppression Segment Analysis 63
North America Analysis 75
Europe Analysis 82
Asia-Pacific Analysis 89
ROW Analysis 97
Global Fire Detection Segment Analysis 104
North America Analysis 116
Europe Analysis 123
Asia-Pacific Analysis 130
ROW Analysis 137
The Last Word 144
Appendix 147

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