Press release
Fire Protection Systems Market Size, Share, Global Leaders - United Technologies, Robert Bosch, Hochiki Corporation, Halma, Minimax Viking, Gentex Corporation
Major giants like Honeywell International Inc., Siemens AG, Tyco International PLC, Johnson Controls, United Technologies and Robert Bosch GmbH among others are well established in the fire protection systems market. Honeywell has announced new industrial fire and gas systems for hazard monitoring and control. Honeywell offers various fire protection systems like gas, smoke and flame detection systems and other hazard protection products. Now with this new announced systems, Honeywell provides complete plant safety system.
Increasing demand for fire protection systems is one of the major factors driving the growth of fire protection systems market. Increased fire related expenditures of various enterprises and rise in deaths due to fire explosions are other major factors responsible for fueling the growth of fire protection systems market.
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What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
Industry/ Innovation/ Related News
August 13, 2018 – Align Capital Partners (US), a private equity firm announced the merger of ABCO Fire Protection into its fire safety platform company, ISA Fire and Security (US). Align had acquired ISA from Gen Cap America, Tennessee private equity firm in January this year following a recapitalization. The deal provides Align with a unique opportunity to achieve the next phase of growth.
Market Segmentation:
Fire protection systems market has been segmented on the basis of type, product, service and vertical. The service segment is bifurcated into engineering services, managed services, maintenance services, installation & design and other services. Out of which, the maintenance services is expected to hold the largest market share of the fire protection systems market. Also, the maintenance services segment is expected to grow at the highest rate during the forecast period.
The major factor restraining the growth of fire protection systems market is the lack of awareness and lack of integrity in system interfaces. This could be a major factor that could cause hindrance in the growth of fire protection systems market. High implementation and maintenance costs of fire protection systems are other major factors that could hamper the growth of fire protection systems market.
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Geographical Analysis
North America region leads the global fire protection systems market and is expected to witness a fabulous market growth during the review period. Technological advancement and increased adoption of automation across the residential and industrial construction projects are some of the key driving forces behind the market growth. The growth is predominantly driven by the augmented demand & availability of quality automated system in the region.
Europe is another lucrative market for fire protection systems drawing a substantial market share. The market is poised to witness huge growth over the review period. The increasing smart homes and automation project are fostering the market growth in the region. Simultaneously, the proliferation of smart and connected devices along with the penetration of Internet is substantiating the market growth. Simultaneously, the regulatory mandates introduced in the region coupled with the presence of large untapped consumer base are providing impetus to the market growth.
The Asia Pacific market for fire protection systems perceives a rapid expansion stage backed by the growing markets in China, Japan and India. The wide uptake of connected devices along with the presence of sensors manufacturing companies acts as a major driving force to the market growth in China and India.
Intended Audience
• Technology Investors
• Research/Consultancy firms
• Technology Solution Providers
• Government Bodies
• Fire Protection Systems Component Providers
• Fire Protection Systems Service Providers
• Fire Protection Systems Product Manufacturers
• Fire Protection Systems Original Equipment Manufacturers (OEMs)
• Managed Service Providers
• Third-Party System Integrators
• Distributors and Traders
LIST OF TABLES
Table 1 Fire Protection Systems Market, By Type
Table 2 Fire Protection Systems Market, By Product
Table 3 Fire Protection Systems Market, By Service
Table 4 Fire Protection Systems Market, By Vertical
Table 5 Fire Protection Systems Market, By Region
Table 6 North America Fire Protection Systems Market, By Type
Table 7 North America Fire Protection Systems Market, By Product
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