openPR Logo
Press release

Fire Protection Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

Increase in expenditure on the protection of assets from fire hazards is contributing to the growth of the Fire Protection Equipment Market. Moreover, increasing awareness in combating fire hazards along with considerable growth in building of infrastructures is also fueling this market. Therefore, this market has witness traction in the fields of the banking, retail, energy and power, healthcare, government, and mining among others. Organizations across the globe have remarkably increased their spending on fire protection to safeguard their infrastructure and also to reduce human losses. Technologies, such as smart building, human machine interface solutions, nanotechnology, and wireless sensory networks are expected to enter in the fire protection systems market. Newly innovated advanced sensors, that provide accurate data to the control units, have been developed. Intelligent sensors possessing networking capabilities, in a group of detectors and sensors can easily communicate through control units that help in achieving more efficiency in the systems. Distant users are now able to access these intelligent detectors and sensors by connecting through WAN/LAN networks.

Implementation of the renovation conducts and building safety codes against fire is a major driving factor for the remarkable growth of fire protection equipment market. For instance, in China, the Code of Design for Building Fire Protection and Prevention forms a part of the national building standards. These standards are developed by state agencies with the help of designers, industry and municipal agencies. Such regulations are governed by the public security ministry through local fire services. Owing to the growth in infrastructure in the developed countries, new opportunities are defined in the fire protection system market. In addition, increasing number of fire accidents leads to increased number of causalities, losses of assets as well as humans. To restrict and reduce these causalities from such threats the need of fire protection equipment is increasing. Organizations are anticipated to invest in this market at a much higher rate as compared to the past. The organizations have to adhere to strict corporate compliance and regulatory requirements, owing to which sectors such as mining, energy, oil and gas and power, are showing positive trend.

Demand for fire protection equipment is price elastic, so it forces manufacturers to make products of high quality at low prices. Established market players can handle price pressures by outweighing lower earnings from products providing higher profits, however, it is a major challenge for small players in order to remain competitive. But with technological advancements, market is likely to observe low cost fire protection equipment market in near future.

One of the challenges that the fire protection market faces is of user interface, especially when there is a use of multiple solutions in the control mechanism. For instance, integration of fire detectors to the existing one may lead to difficulties for the user which is encumbered with the task of learning different interfaces.

Get Free Sample Report Copy :
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2874

European region poses as the largest market for fire protection system worldwide. The reason being, compulsory conformance to strict government rules and regulations related to installation of fire protection system in buildings. Similarly, Asia-Pacific is expected to achieve the fastest growth in the fire protection system market owing to considerable growth in building of infrastructures.

Some of the Major Players operating in this market are; Cooper Wheelock, Bosch Security System Inc., Gentex Corporation, Panasonic Corporation, ADT Security Services Inc. Honeywell Security & Communications, WSA Fire Systems., Napco Security Company Inc., Nittan Company Limited, RSG/Aames Security Inc., Signal Communications Corporation, Siemens Building Technologies Group, Tyco International, Ltd., Spectronics Corporation, SimplexGrinnell LP, Fenwal Controls Japan Ltd, Nohmi Bosai Ltd, and Space Age Electronics Inc., among others

About Us :

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

90 State Street,

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fire Protection Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020 here

News-ID: 347626 • Views:

More Releases for Security

Healthcare Cyber Security Market by Type (Service and Solution), Security (Appli …
Healthcare Cyber Security Market: 2023 The global Healthcare Cyber Security Market size was valued at USD 4,591 Million in 2016, and is projected to reach at USD 12,467 Million by 2023, with a CAGR of 15.6% from 2017 to 2023. Covid-19 latest section covered in this report. Get Free Sample: https://reports.valuates.com/request/sample/ALLI-Auto-1J168/Healthcare_Cyber_Security Cyber security solutions and services enable healthcare organizations to protect their business-critical infrastructure and patient data, and meet regulatory compliance. Increase
Aerospace Cyber Security Market Analysis and Forecasts by Security Type (Network …
The aviation industry is one of the sophisticated industries across the globe and the industry is integrated with advanced technological solutions. This has created a major concern towards securing the enormous quantity of data being generated every day. With the advancements in the different technological fields, the cyber attackers are also finding newer process to gain desired insights. In the current market scenario, aerospace industry is also witnessing substantial upswing
Security Assessment Market Report 2018: Segmentation by Security Type (Endpoint …
Global Security Assessment market research report provides company profile for Kaspersky (Russia), IBM (US), FireEye (US), Optiv Security (US), Qualys (US), Trustwave (US), Veracode (US), Check Point (Israel), Absolute Software (Canada), Rapid7 (US), CynergisTek (US) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth
Security System Integrators Market | Worth 15.48 Billion USD By 2023 | By Securi …
New Market Research Reports Title "Security system integrators Market 2018" Has Been Added to Crystal Market Research Report database. The Global Security System Integrators Market was worth USD 7.29 billion in the year 2014 and is expected to reach USD 15.48 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 8.72% during the forecast period. The security system integrators market is driven by factors, for example,
The Mobile Security (mSecurity) Bible: 2014 - 2020 - Device Security, Infrastruc …
Mobile networks around the globe generate more than 86 Exabytes of traffic annually. The immense volume of traffic together with the growing adoption of open source Operating System (OS) platforms such as Android has opened up new security threats. Mobile malware, SMS spam, cyber attacks and unlawful eavesdropping are an ever-increasing problem for enterprises, consumers and mobile network operators around the globe. This has in turn led to significant investments in
Mobile Security (MSecurity) Market Analysis To 2020 - Device Security, Infrastru …
Mobile networks around the globe generate more than 86 Exabytes of traffic annually. The immense volume of traffic together with the growing adoption of open source Operating System (OS) platforms such as Android has opened up new security threats. Mobile malware, SMS spam, cyber attacks and unlawful eavesdropping are an ever-increasing problem for enterprises, consumers and mobile network operators around the globe. This has in turn led to significant investments in