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Fire Protection Systems Market to 2025 - Halma, VFP Fire Systems, Gentex Corporation, Minimax Viking, Hochiki Corporation, United Technologies, Robert Bosch, Johnson Controls and Siemens AG

01-29-2019 04:37 AM CET | Industry, Real Estate & Construction

Press release from: The Insight Partners

Fire Protection Systems Market

Fire Protection Systems Market

The measures taken to prevent the occurrence of fire in building premises or implement a corrective action on the fires happened to enforce minimal losses of human lives and property are done with the help of fire protection system. A broad variety of equipment used for varied purposes such as detection, alarming, and extinguishing together form the fire protection system. Rising urbanization in the current times has also increased the risks of rising fire cases in the buildings. Hence, the protection of building assets and human lives is the extremely critical aspect of infrastructural constructions.

The global fire protection system market is expected to grow from US$ US$ 52.64 Bn in 2017 to US$ 116.51 Bn by 2025 at a CAGR of 10.5% between 2018 and 2025.

Fire protection systems that constitute detection systems, suppression systems and extinguishing systems. These systems prove to be of high importance as they can detect fires and also alert warnings to human occupants so that they can evacuate the premises insufficient period of time and also take corrective actions against the fires minimizing the fire losses.

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This report contains:

Market sizing for the global Fire Protection Systems Market.
Compare major Fire Protection Systems providers strategies and approaches to the challenges they face
Analysis of the effects deglobalisation trends may have for Fire Protection Systems providers
Profiles of major Fire Protection Systems providers
5-year CAGR forecasts for logistics-intensive vertical sectors

Some of the global key players operating in the fire protection system market are United Technologies Corporation, Honeywell International Inc., Halma PLC, Minimax Viking GmBH, and VFP Fire Systems. Also, Hochiki Corporation, Genetex Corportation, Siemens AG, Johnson Controls, Inc., and Robert Bosch GmBH are other key companies in the fire protection system market.

The Fire Protection System market segmentation is done on the basis of type, product, and end-use industry. The market for fire protection system is bifurcated on the basis of type into active fire protection systems and passive fire protection systems. A plethora of products performing different functions in detection, warning, and extinguishing of fires are used in the global market space come under the scope of fire protection system. Broadly, these diverse ranges of products are categorized and segmented under the product based segmentation into fire detection system, fire alarm system, fire suppression system and others.

The fire detection system is further sub-segmented into the different types of detector used. The sub-segmentation on the basis of fire detection systems include flame detectors, smoke detectors, heat detectors and others. These fire protection systems are used in a broad and a very diverse range of end-user industries and therefore, form the basis of segmentation based on end-use industry. The end-users for fire protection system include residential, commercial, manufacturing, oil & gas, government, transportation, power & energy, mining & others. On the basis of geography, the fire protection system market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).

APAC is the fastest growing region in the fire protection system market. The major reason for this is the high reconstruction process in China and India. China is the most populated country in the world, and a country with a large number of companies established. As the population is increasing, the need for new constructions as well as reconstruction of older buildings for turning to high rise towers is increasing, leading to increasing demand for safe and secure fire protection systems integrated into the buildings, office spaces, national heritage sites, manufacturing industries and other building utilities spaces.

Apart from this, the development of smart cities in India is leading to infrastructure development and renovation in many major cities of India, leading to increasing demand for integration of high technology-based intelligent fire protection systems. These new installations and reconstructions are expected to continue during the forecast period, contributing to the high growth of fire protection systems market in the region.

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Key Benefits

This report provides a detailed study of market trends and forecast from 2019 to 2025, which assist to identify the prevailing market opportunities.

In-depth coverage of the global market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.

This study further includes market share analysis in terms of type and applications.

Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.

Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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