Press release
Fire Protection Systems Market - Worth $48.06 Billion by 2021
The global fire protection system market is anticipated to expand from USD 48.06 Billion in 2015 to USD 98.11 Billion by 2021, registering a compound annual growth (CAGR) of 10.09% over the period of 2015-2021.
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The European fire protection system market was valued at USD 9.12 Billion in the year 2015 and it will grow at 14.4% annually to reach USD 20.2 Billion by the end of the year 2021. The Europe fire protection system market accounted 28.52% of the global fire protection system market in the year 2015.
In 2015, the Asia-Pacific fire protection system market was valued at USD 8.93 Billion and is growing at 21.4% annually to reach USD 22.78 Billion by 2021.The Asia-Pacific fire protection system market contributes 22.21% of the global fire protection system market and it is projected that it will reach 32.15% by 2021.
Market Segmentation
By Technology
On the basis of technology, Global fire protection system market is segment into:
Active Fire Protection Systems
Passive Fire Protection Systems
By Product
On the basis of product, Global fire protection system market can be divided into:
Fire Management Systems Fire Response Systems
Fire Detection Systems
Fire Analysis Software
Other
By Service
Based on service, Global fire protection system market can be segregated as:
Engineering Services
Managed Services
Installation & Design Services
Maintenance Services
Other Services
Growth Drivers and challenges
Augmentation in expenditure by enterprises for fire protection, stringent government policies and regulations, political pressure to condense the losses from fire and rise in fire threats are the major growth drivers for the global fire protection system market over the forecasted period i.e. 2015-2021.
By Region
On the basis of region, Global fire protection system market is segment as follows:
North America
Latin America
Western and Eastern Europe
Asia-Pacific
Row (Rest of World)
Contact Key extracts from the Table of Content of Fire protection systems Market 2015-2021 report:
Fire protection systems Market Size and Forecast, 2015-2021
Fire protection systems Market CAGR for the Period 2015-2021
Fire protection systems Market Y-O-Y for the Period 2015-2021
Fire protection systems Market Demand & Supply Analysis
Fire protection systems Market Investment Attractiveness
Fire protection systems Market BPS Analysis
Fire protection systems Market Dynamics – Trends, Drivers, Challenges, and Opportunities
Fire protection systems Market Competitive Landscape Analysis
Fire protection systems Market Investment Proposition, by Geography
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Research Nester is a leading service provider for strategic market research and consulting, serving clients from 120+ countries across the globe. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc.
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web:www.researchnester.com
Research Nester is a leading service provider for strategic market research and consulting, serving clients from 120+ countries across the globe. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc.
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