Fire Protection Systems Market Key Players Profile, Statistics and Growth 2023 | COVID-19 Analysis

Market Highlights

Fire protection systems are necessary for overcoming safety challenges occurred due to fire that can cause heavy infrastructure damage as well as the loss of life. The new research report about the global fire protection systems market published by Market Research Future (MRFR) computes betterment for this market at 8% CAGR between 2017 and 2023. By value, the market can be worth the USD 95 bn by the end of the forecast period.

Fire is an eminent danger, which enquires implementation of effective safety measures. Governments all over the world are introducing stern fire safety policies. Specific safety codes and standards have been introduced to effectively tackle fire emergencies. This has led to an increased installation of fire protection system. The system is a combination of equipment, which include fire extinguishers, fire hydrant systems, fire detectors, automatic sprinkler systems and fire hose reels. Due the system’s high efficacy, it is witnessing a fast uptake in various types of infrastructures such residential apartments, offices, stadiums, railway stations, airports etc.

Segmentation:

The global fire protection systems market size segmentation covers fire analysis, fire response, fire sprinklers, fire suppression, product, service, type, and vertical. MRFR is analyzing the features of these segments to understand market trends.

As per fire analysis, this market has been segmented into fire mapping & analysis software and fire modelling & simulation software. For fire response, the market has been segmented into emergency lighting systems, fire alarm devices, response communication systems, and voice evacuation & public alert systems.

Based on fire sprinklers, the market has been segmented into deluge fire sprinklers, dry-pipe fire sprinklers, pre-action fire sprinklers, wet-pipe fire sprinklers, and others. Regarding fire suppression, the market has been segmented into carbon dioxide extinguisher, dry chemical powder extinguisher, fire extinguishers, foam extinguisher, water extinguisher, and others.

In the context of the product, the market has been segmented into various fire detection products that are flame detectors, heat detectors, radio frequency identification system (RFID systems), sensors & detectors, and smoke detectors. In terms of services, the market has been segmented into engineering services, installation & design, maintenance services, and managed services.

By type, the market has been segmented into active fire protection systems and passive fire protection systems. The vertical-based segmentation of this market covers commercial, energy & power, government, manufacturing, oil & gas, and residential.

Regional Analysis:

On the basis of region, the COVID-19 analysis of fire protection system market has been segmented into North America, Europe, Asia Pacific (APAC) and the Rest of the World (RoW). Of these, North America has emerged as the most attractive market for fire protection. Further, the region is expected to maintain its dominance throughout the assessment period. Market growth in North America is driven the faster uptake of advanced fire protection systems along with a higher level of awareness among consumers. Moreover, presence of stricter fire safety policies is viewed as important market driver in North America. The North America fire protection system market stood at a valuation of USD 18,775.1 Mn in 2018 and is projected to post a CAGR of 12.10% during the assessment period.

Competitive Dashboard:

Major players in the global fire protection systems market include Gentex Corporation (USA), Halma PLC (UK), Hochiki Corporation (Japan), Honeywell International Inc. (USA), Johnson Controls International Plc. (USA), Minimax Viking GmbH (Germany), Robert Bosch GmbH (Germany), Siemens AG (Germany), Tyco International PLC (Ireland), and United Technologies Corporation (USA).

Latest Industry News

• A part of Rostec State Corporation, Technodinamika holding company, has completed testing accessories, primarily fire protection systems of those aircraft systems that have been developed for MC-21 and SSJ-100. Now, the new fire protection system accessories are to be sent to Sukhoi Civil Aircraft for further certification testing within SSJ 100 aircraft. 18 JUL 2019