Global Fire Suppression Market is set to exceed over 500 million units by 2024.
Considering these compelling issues, stringent government norms have been mandated on workers associated with mining and petrochemicals sectors to maintain occupational safety and control loss of property, which again has proved to be a major driver for the global fire suppression market outlook.
Request For Sample Copy Of This Report @ https://www.gminsights.com/request-sample/detail/2059
The U.S. government, for instance, has established NFPA (National Fire Protection Association) codes and protocols for the standardization of equipment and protection systems across the country. Undoubtedly, it has brought remarkable proceeds in the regional fire suppression market trends. U.S. is one of those fire-accident prone regions where the record is noticeably high.
In fact, National Fire Protection Association, in its latest report, stated that in the year 2015, America accounted for almost 1,345,500 fire accidents. Strong positive outlook toward building safety codes along with growing incidence of fire hazards is expected to stimulate the product penetration in this country. If experts’ estimations are to be relied on, U.S. fire suppression industry is anticipated to exceed an annual installation of 150 million units in the coming seven years.
Browse complete summary of this report @ https://www.gminsights.com/industry-analysis/fire-suppression-market
Europe is also claimed to be another lucrative ground for fire suppression market growth, with U.K at its foray. In fact, U.K fire suppression industry, is estimated to witness a y-o-y growth of 3% over 2017-2024. Spreading awareness among the Europeans with regards to increasing adoption of fire protection system has fostered the regional market proliferation. Additionally, the European Commission estimates that approximately over 70000 people get hospitalized every year from fire hazards with a subsequent damage of almost USD 148.6 billion.
Unfortunately, the percentage is increasing day by day, which proves to be a significant contributing factor contributing to the regional fire suppression market share. The British government in this regard, has taken substantial steps toward the development of workplace safety especially across residential and commercial sectors. For Instance, The BAFSA (British Automatic Fire Sprinkler Association) deals with building codes that standardize the installation, design, and sprinklers in residential complexes of U.K. The British government has also mandated that the premises with heavy electrical equipment should have installations of 5kg CO2 extinguisher. For fire suppression industry players, this is a vital factor to be taken into consideration.
Make An Inquiry To Purchase This Report @ https://www.gminsights.com/inquiry-before-buying/2059
Global fire suppression market is characterized by the participation of some of the renowned biggies like TYCO, Amerex Corporation, United Technologies Corporation, National Fire Equipment Ltd., SFFECO, Minimax, and Master Fire Preventions Ltd. These giants are increasingly focusing on product innovations which are endowed with advanced technological affluences.
For instance, Tyco, in the year 2015, introduced a novel ESFR pendent sprinkler for storage and warehouse application with an objective to strengthen its business position in the competitive landscape. Looking at the incessant effort taken by the leading companies toward the upgradation of their product portfolios along with consumers’ growing awareness toward fire safety, it is undeniable that fire suppression industry would profoundly enhance its profitability landscape over the forthcoming years.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1 888-689-0688
This release was published on openPR.
Permanent link to this press release:
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 Global Fire Suppression Market is set to exceed over 500 million units by 2024. here
News-ID: 910324 • Views: 132
More Releases from Global Market Insights Inc.
Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug
More Releases for Suppression
Global Suppression Capacitors Market Insights, Forecast 2025
The Suppression Capacitors market was valued at Million US$ in 2018 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Suppression Capacitors. Get sample copy of report: https://www.marketdensity.com/contact?ref=Sample&reportid=125514 Table of Contents 1 Study Coverage 1.1 Suppression Capacitors Product
Automatic Fire Suppression Systems Market Share by 2025: QY Research
QY Research has lately published a new report on “Global Automatic Fire Suppression Systems Sales Market Report 2018,”. Automatic Fire Suppression Systems are used where cost of installation needs to be cheaper, such as those in residential buildings and low-traffic commercial applications. The Automatic Fire Suppression Systems market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during
Dust Suppression Systems Industry Analysis by 2025: QY Research
In the recently published report, QY Research has provided a unique insight into the global Dust Suppression Systems market for the forecasted period of 7-years (2018-2025). The report has covered the significant aspects that are contributing the growth of the global Dust Suppression Systems market. The primary objective of this report is to highlight the various key market dynamics such as drivers, trends, and restraints that are impacting the global
Excellent Growth of Enhanced Fire Detection and Suppression Systems Market
A new business intelligence report released by HTF MI with title “Global Enhanced Fire Detection and Suppression Systems Market Status and Outlook 2018-2025” that targets and provides comprehensive market analysis with future prospects to 2023. The analysts of the study have garnered extensive research methodologies and data sources (i.e Secondary & Primary Sources) in order to generate collective and useful information that delivers latest market undercurrents and industry trends. If
Fire Suppression Market By Product, Application, Chemical, Region 2024
Global Fire Suppression Market will be valued USD 16 billion by 2024, as reported in the latest study by Global Market Insights, Inc. Stringent government regulations towards public safety along with growing consumer awareness will drive the fire suppression market size. Growing commercial floorspace along with introduction of safety codes and standards will stimulate the product penetration. As per American Chemistry Council, the fire codes set by NFPA and
Fire Suppression Market Research Report Analysis To 2021
Market Research analysts forecast the global fire suppression market to grow at a CAGR of 10.16% during the period 2017-2021. According to the report, the implementation of stringent fire safety regulations across developed regions like North America and Western Europe will contribute to market growth. Awareness initiatives by the federal governments across different regions will encourage fire prevention measures. Download Sample Report @ https://marketreportscenter.com/request-sample/507679 Further, the report states that fire suppression products necessitate