Need for fire protection systems across various industry domains dominating Fire detection systems Market

Advanced technologies, such as smart building, building automation, Internet of Things (IoT), wireless sensory networks, nanotechnology, and human machine interface solutions are being introduced in the fire protection system market. Intelligent sensors with networking capabilities, and sensors and detectors can communicate easily through control units leading to increased efficiency in the fire protection systems.

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.

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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.

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, and HOCHIKI Corporation.

High rise buildings are in need for fire protection systems, strict fire and safety codes are being implemented to minimize the risks and losses that would be caused by fire. The U.S. and Canada have witnessed major infrastructural developments owing to the high population growth rates in these regions.

Key Benefits for Stakeholders
• In-depth analysis of the North America fire protection systems market along with its dynamics is provided to understand the market scenario.
• Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.
• Porter’s Five Forces analysis examines the competitive structure of the Fire protection systems market and provides a clear understanding of the factors that influence the market entry and expansion.
• A detailed analysis of the geographical segments enables identification of profitable segments for market players.
• Comprehensive analysis of the trends, sub-segments, and key revenue pockets are provided in the report.
• Detailed analysis of the key players and their business strategies are anticipated to assist stakeholders to take informed business decisions.
• Profile analysis of leading players that operate in the fire protection systems market are provided in the report, which highlight the major developmental strategies such as mergers & acquisitions, expansions, and new product launches adopted by these companies.

North America Fire Protection Systems Market Key Segments:
Fire Protection Systems Market by Product
• Fire detection systems
• Fire management systems
• Fire response systems
• Fire analysis & software
• Others
Fire Protection Systems Market by Services
• Consulting & design
• Installation & maintenance
Fire Protection Systems Market by Industry Vertical
• BFSI
• Automotive & Transport
• Manufacturing
• Energy & Power
• Healthcare
• Oil & Gas and Mining
• Other Verticals
Fire Protection Systems Market by Country
• U.S.
• Canada
• Mexico

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