Market Highlights:
Fire protection systems are integral to overcome safety challenges occurred due to fire that struck without warning in the most unlikely of places, presenting a significant threat to the livelihood. Even a small blaze in a piece of equipment or machinery can severely impact operations in a building. Installation of fire protection systems helps ensure consistency in inspections and continuity in a comprehensive fire prevention program.
Deploying fire protection systems designed with the reconfiguration can help fireproof warehouses. These fire systems not only respond to an emergency but also mitigate the risk, preventing the fire event from occurring. This makes economic sense for organizations of any size as they mitigate the loss of housing stock and business revenue, but it also prevents injury and the psychological trauma that go along with the fire experience for the people.
Having a fire protection system increases the chance of surviving a fire by more than 80 percent. Hence, these systems are widely deployed in the commercial settings as well as in homes. The increasing integration into smart homes is the key trend observed in consumers during the analysis. The huge uptake of these systems is the key driving force escalating the market on the global platform.
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Major Key Players:
- Siemens AG (Germany),
- Honeywell International Inc. (US),
- Tyco International PLC (Ireland),
- United Technologies Corporation (US),
- Johnson Controls International Plc. (US),
- Robert Bosch GmbH (Germany),
- Halma PLC (UK),
- Hochiki Corporation (Japan),
- Gentex Corporation (US),
- Minimax Viking GmbH (Germany).
According to MRFR, The global Fire Protection Systems Market is expected to grow at approximately USD 95 Billion by 2023, at 8% of CAGR between 2017 and 2023.
Industry/ Innovation/ Related News
Align Capital Partners (US), a private equity firm announced the merger of ABCO Fire Protection into its fire safety platform company, ISA Fire and Security (US). Align had acquired ISA from Gen Cap America, Tennessee private equity firm in January this year following a recapitalization. The deal provides Align with a unique opportunity to achieve the next phase of growth.
Market Segmentation:
The global fire protection systems market has been segmented on the basis of type, product, services, vertical and region. Types have been segmented into active fire protection systems and passive fire protection systems.
Product has been segmented to include fire detection, fire suppression, fire sprinklers, fire analysis , and fire response. The various segments by product have been segmented further to include the following
• Fire Detection – sensors & detectors, flame detectors, heat detectors, RFID systems, and smoke detectors.
• Fire Suppression – water extinguisher, foam extinguisher, fire extinguishers, carbon dioxide extinguisher, dry chemical powder extinguisher, and others.
• Fire Sprinklers – wet-pipe fire sprinklers, dry pipe fire sprinklers, pre-action fire sprinklers, deluge fire sprinklers, and others.
• Fire Analysis – fire mapping & analysis software, fire modeling & simulation software
• Fire Response – emergency lighting systems, response communication systems, voice evacuation & public alert systems, and fire alarm devices.
Service has been segmented into engineering services, managed services, maintenance services, installation & design.
Verticals have been segmented into residential, energy & power, manufacturing, commercial, transportation & logistics, oil & gas, and government.
Regional Analysis
Among the regions featured in the global analysis of the fire protection systems market, the North American region has captured the largest share of the market and is followed by the European and Asia Pacific markets. North America is largely made up of developed economies where there is a growing trend for automation and smart system in buildings, thus driving the demand for intelligent fire protection systems. Moreover, there is a strong presence of leading manufacturers in the region.
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Intended Audience
- Technology Investors
- Research/Consultancy firms
- Technology Solution Providers
- Government Bodies
- Fire Protection Systems Component Providers
- Fire Protection Systems Service Providers
- Fire Protection Systems Product Manufacturers
- Fire Protection Systems Original Equipment Manufacturers (OEMs)
- Managed Service Providers
- Third-Party System Integrators
- Distributors and Traders
LIST OF TABLES
Table 1 Fire Protection Systems Market, By Type
Table 2 Fire Protection Systems Market, By Product
Table 3 Fire Protection Systems Market, By Service
Table 4 Fire Protection Systems Market, By Vertical
Table 5 Fire Protection Systems Market, By Region
Table 6 North America Fire Protection Systems Market, By Type
Table 7 North America Fire Protection Systems Market, By Product
Continued……
LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 FIRE PROTECTION SYSTEMS MARKET, BY TYPE
FIGURE 3 FIRE PROTECTION SYSTEMS MARKET, BY PRODUCT
FIGURE 4 FIRE PROTECTION SYSTEMS MARKET, BY SERVICE
FIGURE 5 FIRE PROTECTION SYSTEMS MARKET, BY VERTICAL
Continued……
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