Press release
North America Fire Protection Systems Market Drivers, Restraints, & Opportunities | Leading Industry Players Profiled Such as Honeywell International Inc.,Johnson Controls, Inc.,Siemens AG,Orcus Fire & Risk, Inc., Halma PLC, Robert Bosch GmbH, United Tech
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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 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 maximum share of revenue in 2016 and is expected to dominate the market throughput the forecast period at the CAGR of 8.4%. Among services, installation & maintenance is expected to witness highest CAGR of 10.8% during the forecast period.
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.
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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, and 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.
Drivers, Restraints, & Opportunities: Fire Protection Systems Market
Need for Fire Protection Systems Across Various Industry Domains
Increase in Automation in rEsidential and Commercial Buildings
Higher Installation & Maintenance Costs
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