Fire Protection Systems Market – Global Opportunities & Forecast, 2020-2027
The GMI Research’s market research report is a professional
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and forecast. The market report also offers brief information related to the
competitors and the specific growth opportunities with key market drivers.
The Fire Protection Systems Market drivers and trends are
as follows:
The significant factors contributing
to the growth of the
fire protection systems market include
the growing awareness for the safety and security of assets among consumers,
rising construction industry, and increasing human and property loss owing to
fire breakouts. Moreover, the standards and codes imposed by several
regulatory authorities have been implementing to install fire protection
systems in residential and non-residential buildings at a global level.
Furthermore, rapid urbanization, industrialization, and the growth in the risk of
property damage and public safety concerns due to fire accidents are certain
factors driving the growth of the segment.
Technological advancements and development of advanced
equipment, such as wireless fire alarm systems, fire mapping and analysis software,
alarms with embedded voice evacuation announcements, extinguishing technology
based on mist, hypoxic air fire suppression systems, and infrared smoke
detectors are factors propelling the growth of the market globally. On the
other hand, high initial costs, variation in raw material prices, concerns
regarding false alarms, and detection failure, followed by the high cost of
upgrading traditional fire detectors to smart detectors, will hamper the market
growth in the upcoming years.
Based on the region, the Asia-Pacific region is expected to
dominate the market during the forecast period owing to the rising demand,
particularly among the developing countries, including India, China, Japan, and
South Korea, due to the growing number of construction activities. The
increasing population and the growth in the residential sector are further
contributing to the installations of fire protection systems in the region. In
addition to this, the growing number of hospitals, government offices,
educational institutions, and commercial spaces are further accelerating the
demand for fire protection equipment, thus, surging the growth of the market in
the region.
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Key Benefits of the Report:
·
This report offers an analytical depiction of
the fire protection systems market while providing the current trends and
future estimations to determine the imminent investment pockets.
·
This study illustrates every relevant
information, including the market drivers, restraints, and emerging
opportunities, followed by a detailed analysis of the fire protection systems
market share.
·
The report also provides a detailed fire
protection systems market analysis based on competitive intensity and how the
competition will take shape over the next six years.
Various companies covered in the Fire Protection Systems
Market report:
·
Johnson Controls International Plc
·
Honeywell International Inc.
·
Siemens AG
·
Halma Plc
·
Robert Bosch GmbH
·
Napco Security Technologies, Inc.
·
Hochiki Corporation
·
VFP Fire Systems, Inc.
·
S&S Sprinkler Co. LLC.
·
Argus Fire Protection Company Ltd.
Segmentation of the Fire Protection Systems Market:
Breakup by Type:
·
Active Fire Protection Systems
·
Passive Fire Protection Systems
Breakup by Product:
·
Fire Suppression
o
Fire Suppression Products
§
Fire Detectors and Control Panels
§
Fire Sprinklers, Nozzles, Caps, and Control
Heads
§
Fire Suppressor Reagent
·
Chemical
o
Dry Chemical
o
Wet Chemical
·
Gaseous
o
Clean agent
o
Carbon Dioxide (Co2) Clean Agent Fire
Suppression System
o
FM200 Clean Agent Fire Suppression
o
Other Clean Agent Fire Suppression Systems
·
Water
o
Water Mist
·
Foam
o
Foam Water
·
Fire Response
o
Emergency Lighting Systems
o
Voice Evacuation and Public Alert Systems
o
Secure Communication Systems
o
Fire Alarm Devices
·
Fire Sprinkler System
o
Wet
o
Dry
o
Pre-action
o
Deluge
o
Other Fire Sprinkler Systems
·
Fire Analysis
o
Fire Mapping And Analysis Software
o
Fire Modelling And Simulation Software
·
Fire Detection
o
Flame Detectors
§
Single IR (infrared)
§
Single ultraviolet (UV)
§
Dual UV/IR
§
Triple IR (IR3)
§
Multi IR
o
Smoke Detectors
§
Photoelectric
§
Ionization
§
Dual-Sensor Smoke Detectors
o Heat
Detectors
Breakup by Service:
·
Maintenance Services
·
Managed Services
·
Engineering Services
·
Installation and Design Services
·
Others
Breakup by Vertical:
·
Commercial
o
Academia and Institutional
o
Retail
o
Healthcare
o
Hospitality
o
Banking, Financial Services, and Insurance
(BFSI)
·
Oil, Gas, and Mining
·
Manufacturing
·
Transportation & Logistics
·
Energy & Power
·
Residential
·
Government
·
Others
Breakup by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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