Press release
Fire Protection Systems Market is Expected to Reach $1, 31,274.5 Million by 2027
Fire Protection Systems Market
The global fire protection systems market size was valued at $96.5 billion in 2019, and is projected to reach $131.2 billion by 2027, registering a CAGR of 5.2% from 2020 to 2027.
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North America generated the highest revenue in 2019, however, Asia-Pacific is expected to grow at a highest CAGR during the forecast period, followed by LAMEA. In addition, increase in fire casualty rate, property damage, and rise in public safety concerns in the developing countries such as India, Vietnam, and Indonesia during fire accidents is expected to propel the fire protection systems industry growth.
Top 10 Key Market Players
Gentex Corporation
Halma Plc.
Hochiki Corporation
Honeywell International Inc.
Johnson Controls International Plc.
Minimax Viking GmbH
Robert Bosch GmbH
Securiton AG
Siemens AG
Raytheon Technologies
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Key Market Segments
By Product Type
Fire Detection
Fire Response
Fire Suppression
Fire Analysis
By Type
Active Fire Protection Systems
Passive Fire Protection Systems
By End-User
Commercial
Industrial
Governmental
Institutional
Others
By Region
North America
Europe
Asia-Pacific
LAMEA
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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