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Fire Protection Systems Market is Expected to Reach $1, 31,274.5 Million by 2027

09-14-2021 08:50 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Fire Protection Systems Market

Fire Protection Systems Market

Fire protection system is a certified product, developed according to the standards specified by the government authorities and regulatory bodies to control fire outbreaks. This system is equipped with flame detectors and smoke control devices that aid during fire emergency.

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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Contact:
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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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