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Fire Protection Systems Market by Product, Service, Vertical - Global Forecast to 2022

Fire Protection Systems Market: Global Forecast until 2022

  • May 2017
  • 208 pages
  • ID: 3816728
In this report:
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The market volume for flame detectors was valued at ##.## million units in 2016 and is expected to reach ##.## million units by 2022, at the highest CAGR of ##.##% during the forecast period.

Summary

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Increase in technological improvements and modernizations in equipment and networking, together with improvement and enhancement of different codes and standards, are fostering the rise of the fire protection systems market

The fire protection systems market is anticipated to be worth ~$93.5B by 2022, increasing at a compound annual growth rate (CAGR) of 9.70 percent between 2017 and 2022. The current marketplace is anticipated to be driven by increased fire-related expenditure of several enterprises, together with the growing trend of automation in commercial buildings and smart homes. Additionally, improvement in the existing government regulations and mandates regarding fire protection systems are driving this industry. Factors restraining the increase of the FPS market contain the high implementation and maintenance costs of fire protection systems, and lack of integrity in system interfaces.

Robust demand for fire suppression systems during the estimate period

Various types of products for sensing, detecting, and suppressing the fire are available in the market, containing wet-pipe sprinkler systems, dry-pipe sprinkler systems, pre-action sprinkler systems, and deluge sprinkler systems.The suppression systems also include different extinguishers including CO2, dry chemical, wet chemical, and water-based chemicals.

The robust rise in infrastructure, utilities, and facilities is bringing in the need for a higher adoption of suppression systems across the world.

North America (NA) and EU are the main industries for fire protection systems

North America continent held the biggest share of the fire protection systems market in 2016.Europe (EU) is one of the potential sectors for fire protection systems globally.

The industry in EU is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period.The fire protection and safety regulations in this area are highly mandated.

Accordingly, most of the building structures are fixed with fire protection systems. The high increase of fire protection systems in Europe (EU) can be accredited to the stringent government mandate on installation of smoke detectors or smoke alarms in homes of European countries including the UK, France (FR), and Germany (DE).

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main experts. The breakup of the profile of primary members taking part is presented below:

• By Company category: Tier 1-42.0 percent, Tier 2-37.0 percent, and Tier 3-21.0 percent

• By Description: C-Level Executives-30%, Directors-33%, and Others-37%

• By Area: North America-45%, Europe-26%, APAC-15%, and RoW-14%

The main players decribed in this business report are Honeywell (NYSE:HON), Robert Bosch (RBOS), Siemens (SIA), Tyco International plc, Johnson Controls, and United Technologies, among others.

Segment Research

The industry report offers a picture of the fire protection systems market.It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including product, service, vertical and area.

Moreover, the study also comprises the industry trends, market forces, regulation study, and competitive review of the top actors in the sector, together with their company descriptions, vendor DIVE matrix, and recent evolutions.

Main highlights

The analysis would benefit the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global fire protection systems and the sub-segments.This industry report would benefit partners to better find out the competitor overview and obtain additional insights to better option their businesses and make suitable go-to-market approaches.

The market research also benefits the partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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