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North America Fire Protection Systems Market Regional Growth Analysis and Forecast by 2023 by Top Manufacturers 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 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 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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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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