Fire Suppression Market Valued at 39780 million $ by 2023 | Top Key Manufacturers - Amerex, BRK, Tyco Fire Protection, Minimax, ANAF, Buckeye Fire

Businessindustryreports have new report on “Global Fire Suppression Market 2018-2022”. The report provides the newest industry data and industry future trends. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

With the slowdown in world economic growth, the Fire Suppression industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Fire Suppression market size to maintain the average annual growth rate of 4.7% from 29210 million $ in 2014 to 33529 million $ in 2017, market analysts believe that in the next few years, Fire Suppression market size will be further expanded, we expect that by 2022, The market size of the Fire Suppression will reach 39780 million $.

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Despite their effectiveness, chemical fire extinguishing agents are not without disadvantages. In the early 20th century, carbon tetrachloride was extensively used as a dry cleaning solvent, a refrigerant and as a fire extinguishing agent. In time, it was found carbon tetrachloride could lead to severe health effects. From the mid-1960s Halon 1301 was the industry standard for protecting high-value assets from the threat of fire. Halon 1301 had many benefits as a fire suppression agent; it is fast-acting, safe for assets and required minimal storage space.

Geographically Europe accounted for largest market share for fire suppression system owing to stringent government rules and regulations supporting the installation of fire protection system in buildings. Stringent fire safety norms in Norway and UK have also pushed offshore oil and gas operators in the region to increase their investment to improve fire safety arrangements. Asia Pacific contributed to a significant market share owing to considerable growth in building infrastructure and rising investment in offshore development in the region.

Key Players:

1 Amerex

2 BRK

3 Tyco Fire Protection Products

4 Minimax

5 ANAF

6 Britannia Fire and more...

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As growing awareness among organizations related to fire protection including safeguarding the structure and minimizing human loss are expected to be the key drivers for growth of global fire suppression market. In addition, stringent regulations supporting improved fire safety standards due to rising disasters are expected to propel market growth.

Also the increase in infrastructure activities particularly in developing is expected to augment the market growth over the forecast period. Rising consumer awareness regarding fire safety coupled with mandatory building safety codes is likely to augment market growth. Rising demand for advanced technologies related to automation of fire safety systems is anticipated to drive market growth. In addition, construction of smart cities with wireless sensory networks is likely to simplify the automation process

Regions:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

Product Types:

1 Fire extinguishers

2 Fire sprinklers

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Table of Content:

1 Fire Suppression Product Definition

2 Global Fire Suppression Manufacturer Share and Market Overview

3 Manufacturer Fire Suppression Business Introduction

4 Global Fire Suppression Segmentation (Region Level)

5 Global Fire Suppression Segmentation (Product Type Level)

6 Global Fire Suppression Segmentation (Industry Level)

7 Global Fire Suppression Segmentation (Channel Level)

8 Fire Suppression Forecast 2018-2022

9 Fire Suppression Segmentation Product Type

10 Fire Suppression Segmentation Industry

11 Fire Suppression Cost of Production Analysis

12 Conclusion

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