Press release
North America Fire Protection Systems Market Rising Trends and Research Outlook 2021 - Honeywell International Inc., Johnson Controls, Inc.
Fire protection systems are equipment used to suppress and control fire with the help of manual or automatic detectors. Fire protection systems offer safety and reduces potential damage or loss caused by fire hazard. Fire protection system comprises of various components such fire management systems, fire detection systems, fire response systems, and fire analysis & software.
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Competitive Landscape :
The North America Fire Protection Systems market is highly competitive and consists of numerous market players. Some of the major market players in this market includes Honeywell International Inc., Johnson Controls, Inc., Siemens AG, Orcus Fire & Risk, Inc., Halma PLC, Robert Bosch GmbH, United Technologies Corporation, Gentex Corporation, and HOCHIKI Corporation.
Market Dynamics and Trends:
The increase in the number of fire incidences has led to a rise in casualties, loss of assets and human lives. North America has suffered a loss of around USD 25.6 billion due to fire incidents in 2018 alone. In order to prevent these casualties and loss of assets from such hazards, the demand for advanced fire protection systems have increased in recent years. This growing demand for fire protection systems is followed by the demand for technologies used in alarms, detection, monitoring, and sensing during fire hazards.
Additionally, North America has been witnessing major infrastructural developments which has further boosted the demand for fire protection system market in this region. However, greater penetration of predictive maintenance and fluctuation in raw material prices may hamper the growth of the fire protection system market growth.
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Market Segmentations and Scope of the Study:
The North America Fire Protection Systems market share has been analyzed based on product, services, industry vertical, and country. Based on product, the market is segmented into fire detection systems, fire management systems, fire response systems, fire analysis & software, and others. Based on services, the market is segmented into consulting & design services and installation & maintenance services. Based on industry vertical, the North America Fire Protection Systems Market is segmented into BFSI, automotive & transport, manufacturing, energy & power, healthcare, oil & gas and mining, and other verticals. Geographic breakdown and analysis of each of the previously mentioned segments is further analysed across countries such as the U.S., Canada, and Mexico.
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Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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