Fire Protection Systems Market Research Report
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Report on Fire Protection Systems Market
Fire Protection
Systems Market’s leading
Manufacturers:
·
Tyco
·
Napco Security
·
Hochiki
·
Gentex Corporation
·
United Technologies
·
Johnson Controls
·
Honeywell
·
Robert Bosch
·
Siemens
Fire Protection
Systems Market Dynamics (including
market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The global fire protection systems market
is predicted to witness an upsurge in demand during the forecast period due to
the increasing urbanization and construction of various commercial,
residential, and public infrastructure. Furthermore, the growing concerns
associated with the safety of the consumers and the launch of stringent fire
safety regulations by the government and local bodies will further augment the
growth of the fire protection systems market. There has been an upsurge in
demand for various fire safety equipment for immediate application due to the
rapid expansion in the industrial sector. This is presenting various new growth
opportunities for the market. Additionally, the growing number of fire stations
and staff to serve the rising population with fire safety gear, extinguishers,
and other equipment, coupled with the increasing number of fire stations, will
further boost the demand of the market.
The rising awareness
among people associated with personal fire safety is another factor that will
have a positive influence on the market's demand. However, the high investment
cost of the installation of these systems and the expensive maintenance and
replacement services are the factors hindering the growth of the market.
Application Segment Drivers
Based on the region,
Asia-pacific is predicted to rise at a faster CAGR due to the increasing
urbanization and industrialization in the Asian economies, such as China,
India, and Japan. Furthermore, the presence of numerous sensor manufacturing
players and the growing production of fire equipment are certain factors that
are expected to drive the growth of the market.
Fire Protection
Systems Market Segmentation:
Segmentation by Solution:
·
Detection
·
Suppression
Segmentation by Fire Detection Product:
·
Detectors
o Flame
o Smoke
o Heat
·
Alarms
Segmentation by Fire Suppression Product:
·
Extinguishers
o Gas
o Water
o Dry Chemical Powder
o Others
·
Sprinklers
Segmentation by Application:
·
Residential
·
Commercial
·
Industrial
Segmentation 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)
About GMI
Research
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refined forecasts, a bird's eye view of the competitive landscape, factors
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