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North America Fire Protection Systems Market Anticipated to Reach 25,575 Million USD by 2023 - Competitive Analysis of Prominent Industry Players Profiled in this Study

11-27-2018 02:18 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

North America Fire Protection Systems Market Anticipated

The North America Fire protection systems market was valued at $13,798 million in 2016 and is projected to reach $25,575 million by 2023, growing at a CAGR of 8.5% from 2017 to 2023. The oil, gas & mining industry segment is anticipated to grow at the highest rate during the forecast period.

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The U.S. generated the highest revenue in the North America Fire protection systems market in 2016 due to its technological advancements and developed infrastructure, regulatory compliances associated with fire safety, and the introduction of innovative solutions by the key players in the region. The Mexico fire protection systems market is expected to grow at the highest rate of 10.3% during the forecast period.

Fire detection systems segment generated the maximum share of revenue in 2016 and is expected to dominate the market throughout the forecast period at the CAGR of 8.4%. Among services, installation & maintenance is expected to witness the highest CAGR of 10.8% during the forecast period.

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The report features a competitive scenario of the North America Fire protection systems industry and provides a comprehensive analysis of key growth strategies adopted by major players.

The key players profiled in the study are

- Honeywell International Inc.
- Johnson Controls Inc.
- Siemens AG
- Orcus Fire & Risk Inc.
- Halma PLC
- Robert Bosch GmbH
- United Technologies Corporation
- Amerex Corporation
- Gentex Corporation
- HOCHIKI Corporation

These players have adopted competitive strategies, such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations, to augment the growth of the fire protection systems market.

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About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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