Press release
Fire Suppression Market Detail Analysis focusing on Key Players like TYCO, United Technologies Corporation, Minimax, Lubrizol, Bristol Fire Engineering, Halma PLC, SFFECO, Firetronics, NAFFCO, Master Fire Preventions Ltd., National Fire Equipment Ltd. and
Global Fire Suppression Market size will exceed USD 16 billion by 2024, as reported in the latest study by Global Market Insights, Inc.
Stringent government regulations towards public safety along with growing consumer awareness will drive the fire suppression market size. Growing commercial floorspace along with introduction of safety codes and standards will stimulate the product penetration. As per American Chemistry Council, the fire codes set by NFPA and IFC states that all areas with upholstered furniture including healthcare facilities and educational institutes must have sprinkler system installed.
Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/568806/?utm_source=openpr.com&utm_medium=Deepak
Notable players in global fire suppression market include TYCO, United Technologies Corporation, Minimax, Lubrizol, Bristol Fire Engineering, Halma PLC, SFFECO, Firetronics, NAFFCO, Master Fire Preventions Ltd., National Fire Equipment Ltd. and Amerex Corporation.
U.S. is projected to reach over annual installation of 150 million units by 2024. Upsurge in construction industry along with technological advancement in the product design and development will embellish the U.S. fire suppression market share. Increasing demand for environment friendly, less toxic, automatic and new generation systems will propel the product growth. In 2016, the country construction industry continued its rebound with 5.3% with another 2% expected increase by the end of 2017.
Growing awareness toward the adoption of fire protection systems to mitigate the hazards and accidents will foster the fire suppression market share. Introduction of green buildings in Europe coupled with stringent safety regulations will fuel the business growth. As per European Commission, 70,000 people are hospitalized due to severe injuries caused by fire with an estimated damage of USD 148.6 billion every year.
Rapid industrialization across developing economies along with increasing demand for safety equipment will drive the global fire suppression market. Ongoing investments across Asia-Pacific and Africa towards the expansion of industrial, commercial and residential establishments will boost the product demand. As per Central Banks and Governments? statistics bureau, investments across Asia Pacific for the development of Industrial sector was USD 10.6 billion in 2016.
Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/568806/?utm_source=openpr.com&utm_medium=Deepak
Germany fire suppression market is set to experience substantial growth on account of enhancement and improvisation of safety standards. As per European Commission, in Germany, any office or residential building with height of over 60 m must be provided with two stair cases as a safety exit and a sprinkler system must be installed to meet the safety standards.
China fire suppression market is set to witness growth over 3% by 2024. Expansion of industrial and commercial sector along with growing measures to reduce the fire accidents will positively influence the business landscape. In 2015, China surpassed the U.S. as the world?s major safety and security products market with an annual rise of 10.8%.
Saudi Arabia fire suppression market in 2016 was valued over 150 million. Ongoing O&G projects along with expansion and establishment of other available industries will boost the demand for suppression systems. In 2015, number of operating industrial units have reached up to 7,007 with the investment of USD 290 billion.
More details on this Report: https://www.marketstudyreport.com/reports/fire-suppression-market/?utm_source=openpr.com&utm_medium=Deepak
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fire Suppression Market Detail Analysis focusing on Key Players like TYCO, United Technologies Corporation, Minimax, Lubrizol, Bristol Fire Engineering, Halma PLC, SFFECO, Firetronics, NAFFCO, Master Fire Preventions Ltd., National Fire Equipment Ltd. and here
News-ID: 1509736 • Views: …
More Releases from MarketStudyReport
At 6.1% CAGR, High Voltage Circuit Breaker (33KV-765KV) Market Size is Expected …
Global High Voltage Circuit Breaker Market Report by Market Study report scrutinizes the overall market synopsis globally, their restraining factors, drivers, major challenges, opportunities, latest trends to stabilize the global High Voltage Circuit Breaker (33KV-765KV) market situation, future developmental plans, and values pertaining to various marketing states. This global High Voltage Circuit Breaker (33KV-765KV) market report also enables users to make a decision and considering the overall market feasibility. It…
Global Diabetes Dietary Supplements Market size to witness 4.2% CAGR through 202 …
Market Study Report presents latest report on, global diabetes dietary supplements market is predicted to grow at a CAGR of about 4.2% over the forecast period.The increasing prevalence of diabetes, the soaring geriatric population, and surging awareness about supplements are some of the chief factors driving the growth of global diabetes dietary supplements market.
The competitive landscape of global diabetes dietary supplements industry is defined by companies such as Nutricia, Nature's…
Automotive Steel Market size is projected to reach USD 193230.61 million by 2028 …
Global Automotive Steel Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Automotive Steel Market Size was estimated at USD 134610 million in 2021 and is projected to reach USD 193230.61 million by 2028, exhibiting a CAGR of 5.21%…
Data Center Construction Market size projected to reach USD 54902.09 million by …
Global Data Center Construction Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Data Center Construction Market Size was estimated at USD 26780 million in 2021 and is projected to reach USD 54902.09 million by 2028, exhibiting a CAGR…
More Releases for Suppression
Data Center Fire Detection and Suppression Market Analysis of Fire Detection Fir …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Data Center Fire Detection and Suppression Market - (By Fire Safety Systems (Fire Detection and Fire Suppression), By Deployment Locations (Technical Space and Other Spaces) Trends, Industry Competition Analysis, Revenue and Forecast To 2034."
According to the latest research by InsightAce Analytic, the Global Data Center Fire Detection and Suppression Market is valued at USD 1.3…
Electric Vehicles Transient Suppression Diodes Market
Electric Vehicles Transient Suppression Diodes Market Analysis:
The global Electric Vehicles Transient Suppression Diodes Market size was estimated at USD 122 million in 2023 and is projected to reach USD 559.32 million by 2030, exhibiting a CAGR of 24.30% during the forecast period.
North America Electric Vehicles Transient Suppression Diodes market size was USD 31.79 million in 2023, at a CAGR of 20.83% during the forecast period of 2025 through 2030.
To Read…
EMI Suppression Capacitor Market
EMI Suppression Capacitor Market Overview
EMI suppression capacitors reduce the amount of electro magnetic interference (EMI) generated in equipment. They protect against surges and can be used for AC filtering. EMI suppression capacitors are used in a wide variety of applications, for example, for RFI suppression and prevention of electrical shock to humans and animals.
This report provides a deep insight into the global EMI Suppression Capacitor market covering all its essential…
Fire Suppression Market - Advancing Safety and Innovation
The Fire Suppression Market size was estimated at USD 21.5 billion in 2023 and is expected to reach USD 31.5 billion by 2031 at a CAGR of 4.85 % during the forecast period of 2024-2031.
The global fire suppression market is experiencing significant growth, driven by rising safety concerns, stringent regulations, and technological advancements. This press release provides a comprehensive overview of market dynamics, key drivers, opportunities, and challenges shaping…
Fire Suppression System Market
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- Fire Suppression System Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.
The growth of the fire suppression system market is primarily driven by the increasing emphasis on safety regulations and the rising incidence of fire hazards across various industries. Stricter government regulations…
Fire Suppression Market Growth Framework 2028
Fire Suppression Market – Introduction
Fire suppression is defined as the process of reducing heat released from the fire and limiting it from spreading further. A fire suppression system is a product that extinguishes and prevents the spread of fire across an enclosure or facility. The global fire suppression market is anticipated to accelerate at a rapid pace owing to the swelling demand from fire risk-prone industries, including oil and gas…
