Press release
Fire Protection System 2021 Global Market Projection By Key Players – Gentex Corporation, United Technologies Corporation, Siemens AG, Robert Bosch GmbH– Analysis and Forecast to 2026
Fire Protection System Market 2021-2026
Logistics and warehousing solutions witnessing substantial demand from the E-commerce industry that involves the integration of material handling, stocking, packaging, transportation, inventory management, supply chain management, procurement and shipping security aspects, is triggering the sales of fire protection systems, at a global level.
“The E-commerce is far from saturation, considering that even mature markets like Japan are making efforts to create a sizeable share among total retail sales in 2019, creating significant demand for large-scale warehouse spaces. Moreover, as prominent players compete to solidify their market standing in the E-commerce landscape, regional mergers and acquisition activities will continue. In addition, encouraging demand growth from warehouse constructions ahead of World Expo- 2020, is anticipated”, explained a senior research analyst of the company.
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Key Players:
The report has profiled some of the Important players prevalent in the global like – Gentex Corporation, United Technologies Corporation, Siemens AG, Robert Bosch GmbH, NAFFCO, GUNNEBO AB, Johnson Controls, Honeywell International, Hochiki Corporation, Halma plc, Consilium AB, DESAUTEL SAS, Yamato Protec Corporation, Swastik Synergy Engineering Private Limited and Solas Fire Safety Equipment (P) Ltd and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Fire Protection System.
Stellar Growth Anticipated for Fire Protection Systems
As per a recently released intelligence study by Persistence Market Research (PMR), the global revenue generated through the sales of fire protection systems, will exceed the valuation of US$ 45.2 Bn in 2019. With the increasing demand for modern warehouses, global players in the fire protection systems market have started foraying into the nascent markets, says the report.
“Given the expanding landscape for fire protection systems, the market is estimated to grow at a stellar annual growth rate of 9.1 percent, between 2018 and 2026, representing an incremental dollar opportunity of a whopping US$ 40 Bn, during the same timeline”, the analyst revealed further.
In the wheel of fortune, the PMR report on fire protection systems has placed product type, end-use, and regional segments, in different growth quadrants—ranging from slow-to high growth quadrant.
Significant demand for fire suppression systems spotted: In terms of product type, while fire detection systems occupy a position in the steady growth quadrant, fire extinguishers and fire response systems are projected to represent moderate growth through the forecast period. Fire suppression systems, on the other hand, lies in the high growth quadrant, arising from increasing safety standards.
The segment analysis is indicative of a highest market share—at nearly 52 percent—held by fire suppression systems.
Industrial deployments to fetch maximum revenue: On the basis of end-use, fire protection systems will witnessed increased adoption in the industrial sector, lying in the high growth quadrant. While commercial sector showcases moderate rate through the assessment timeline, adoption of fire protection systems in the residential sector lies in the steady growth quadrant.
An-depth analysis of the end-use segment, indicates approximately 38 percent market share held by the industrial sector.
Industries such as manufacturing, Oil & Gas, Mining, and marine are projected to extensively employ fire protection systems given the stringency in government norms, aimed at improving the safety standards.
Emerging economies hold notable market potential: South East Asia & Pacific and China—both holding a position in the high growth quadrant are identified as the most lucrative revenue pockets in the global fire protection systems market. With this region, India is projected to be the most lucrative country, in the coming years, considering burgeoning manufacturing sector in the region.
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Major Highlights of the Fire Protection System Market Report:
The Fire Protection System Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Fire Protection System Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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