Press release
Need for fire protection systems across various industry domains dominating Fire detection systems Market
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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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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