Press release
Fire Protection Systems Market: Commercial vertical expected to hold the largest market share by 2022
As a result of the increase in fire hazards, government agencies across the globe are implementing stringent measures to reduce the losses from fire. The increase in fire-related spending by a number of enterprises and SMEs across the globe is driving the demand for fire protection systems. There has been a tremendous amount of advancements in the facilities management environment of developing nations over the last several years, especially in the area of building automation. Various security aspects of building automation include monitoring & control systems such as HVAC, power production, lighting, safety, and security systems and elevators among others.
Browse Our Research Report on Fire Protection Systems Market Analysis and Global Forecast to 2022 @ http://www.marketintelreports.com/report/ets0006/fire-protection-systems-market-by-technology-active-passive-product-fire-detection-sensors--detectors-rfid-management-fire-sprinklers-extinguishers-fire-analysis--response-service-vertical-and-geography--global-forecast-to-2022
Passive fire protection systems market expected to grow at the highest CAGR during the forecast period
The market for passive fire protection systems is expected to grow at the highest rate during the forecast period in the fire protection systems market. The passive fire protection systems work on the principle of strengthening building structure and helping in leveraging the profitability by reducing the damages involved in the fire accidents and one of the vital features of the passive fire protection systems is a cluster of codes and regulations to be followed.
Fire management systems held the largest market share of the fire protection systems market based on products in 2015
The fire management systems held the largest market share of the global fire protection market based on products in 2015 and are expected to dominate the market till 2022. The fire management systems such as sprinklers and extinguishers are expected to be used extensively in the commercial vertical during the forecast period. The market for fire analysis software is expected to grow at the highest rate in the fire protection systems product market during the forecast period. The high growth rate of fire analysis software is estimated due to the increasing need for sophisticated fire analysis which helps in proper decision making and fire prevention.
Commercial vertical expected to hold the largest market share by 2022
The commercial vertical is expected to hold the largest share of the fire protection systems market by 2022, while the fire protection systems market for the oil, gas, and mining vertical is expected to grow at the highest rate between 2016 and 2022. The reason for the high growth rate of the oil, gas, and mining vertical is the high risk of fire associated with the same.
Avail more information from Sample Brochure of the Report. Get a Copy @ http://www.marketintelreports.com/pdfdownload.php?id=ets0006
North America expected to hold the largest market share, while Europe expected to witness the highest growth rate
North America is expected to hold the largest market share and dominate the fire protection systems market between 2016 and 2022, owing to the increased awareness of the installation of fire safety systems and government fire safety regulations. In this region, there are numerous fire protection systems and equipment manufacturers that offer different fire protection systems such as smoke detectors, flame detectors, heat detectors, sprinklers, extinguishers, fire alarms, sirens, control panels & interfaces, fire analysis software, and many other products along with the fire service providers.
The major players in the fire protection systems market include Honeywell International Inc. (New Jersey, U.S.), Johnson Controls (Wisconsin, U.S.), Siemens AG (Munich, Germany), Tyco International Plc (Cork, Ireland), and United Technologies Corporation (Connecticut, U.S.) among others.
The scope of the report covers detailed information regarding the major factors influencing the growth of the fire protection systems market such as drivers, restraints, challenges, and opportunities. Detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the fire protection systems market.
Procure this Report @ http://www.marketintelreports.com/purchase.php?id=ets0006
About us:
MarketIntelReports (MIR) aim to empower our clients to successfully manage and outperform in their business decisions, we do this by providing Premium Market Intelligence, Strategic Insights and Databases from a range of Global Publishers.
A group of industry veterans who are well experienced in reputed international consulting firms after identifying the sourcing needs of MNCs for market intelligence, have together started this business savior MarketIntelReports.
Contact us:
Sales Manager
Mayur S
2711 Centerville Road, Suite 400,
Wilmington,
Delaware,
19808
United States
www.marketintelreports.com
sales@marketintelreports.com
Telephone: 1-302-261-5343
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fire Protection Systems Market: Commercial vertical expected to hold the largest market share by 2022 here
News-ID: 562372 • Views: …
More Releases from MIR
Medical Aesthetics Market To 2030 –Global Market Size, Development Status, Top …
The global Medical Aesthetics market is segmented by product, application, and region. The product segment is sub categorized into various segments such as Implants, Body Contouring devices, Aesthetics products and Laser and Energy devices. The Aesthetic product market accounts for the largest share of the segment attributing to various factors such as rising demands for Botox procedures and acceptance for facial aesthetics treatment by patients. The End-User segment can be…
China and Japan collectively accounts for about 39% market share of Global Fish …
Global Fish Oil Market is estimated to reach $2,364 million by 2024; growing at a CAGR of 5.6% from 2016 to 2024. Fish oil is derived from the tissues of oily fish. They contain several important nutrients for humans and animals. Fish oil consist of omega-3 fatty acids such as eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) and can be consumed as general health supplement. Increasing lifestyle diseases and chronic…
Kombucha Market: Demand For Kombucha May Be Driven By Increase In Production & I …
The Kombucha Market produces Kombucha which is a health drink. The market is the fastest growing in the functional beverages category. Rising awareness among consumers about the benefits of the kombucha drink is the main factor that contributes to the growth of the market. On the basis of type, the market is segmented into yeast, bacteria and mold among others.
The kombucha tea produced in the Kombucha Market has lot…
More Releases for Protection
Income Protection - United Kingdom (UK) Protection Insurance 2021
HTF Market Intelligence released a new research report of 39 pages on title 'Income Protection - United Kingdom (UK) Protection Insurance' with detailed analysis, forecast and strategies. The study covers key regions that includes United Kingdom (UK) and important players such as Legal & General, Aviva, Royal London, The Exeter, Friends Life, Vitality, AIG, Guardian, SquareHealth, Medical Screening Solutions, Canopy, Anorak, Quilter, iPipeline.
Request a sample report @ https://www.htfmarketreport.com/sample-report/2806177-income-protection-united-kingdom
Summary
Income…
Crop Protection Chemicals Market, Crop Protection Market Research, Crop Protecti …
The crop protection products, likewise crop pesticides, are utilized to decrease the yield losses by the pests and syndromes. Reliant on the Royal Society of Chemicals, nearly 800 chemicals active ingredients are registered for the usage as a crop protection solution across the globe. Such chemicals are widely classified in the fungicides, herbicides and insecticide groups.
The crop protection chemical industry has been converting over the years, with vigorous growth…
Spear Phishing Protection Market - Multi-Layered Malware Protection, Social Engi …
In the highly competitive vendor landscape for the global spear phishing protection market, companies are focusing on the development of technologically advanced and innovative spear phishing protection solutions so as to retain consumers and attract new ones. Focus on expansion across lucrative regional markets is also emerging as a leading growth strategy adopted by players with the view of strengthening their positions and improving growth prospects, observes Transparency Market Research…
Personal Protective Equipment for Mining Market Report 2018: Segmentation by Typ …
Global Personal Protective Equipment for Mining market research report provides company profile for AJ Charnaud, Cordova Safety Products, Cestus, DuPont, Ergodyne, Moldex, 3M, Ansell, Honeywell International, MSA and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to…
UK Protection Insurance 2017: Critical Illness & Income Protection
"UK Protection Insurance 2017: Critical Illness & Income Protection", discusses income protection and critical illness insurance, looking at market size with regards to changes in contracts and premiums, in addition to claims. It highlights the barriers to consumer engagement, how products are distributed, and the main market players and their propositions. It provides five-year forecasts of market size in premiums to 2021, and discusses how the market is likely to…
UK Protection Insurance: Critical Illness & Income Protection
Individual product performance in the protection market is a turbulent and confusing picture, with erratic premium behavior across the board. While term (and specifically non-mortgage term) products are still the dominant force with over 70% of protection share, there has been downward pressure on every product line in recent times, reflecting the uncertain, fragile national macroeconomic picture. Indeed, in the absence of major market-driven change it is the macro-environment that…
