Press release
Fire Protection Systems Market By Global Leaders:Honeywell International Inc., Siemens AG, Tyco International PLC , Johnson Controls International , United Technologies Corporation
North America region holds the largest market share of global fire protection systems market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by the U.S. and Canada and is attributed to rise in technological enhancement and growing trend of automation in buildings and smart cities in the region. North America region has presence of various fire protection system manufacturers and equipment providers. This is another major factor responsible for the growth of fire protection systems market in the region.
Fire protection systems market has been segmented on the basis of type, product, service and vertical. The product segment is further bifurcated into fire detection, fire suppression, fire analysis and, fire response. Out of which, the fire suppression segment is expected to hold the largest market share of the fire protection systems market. This is owing to the extensive use of fire extinguishers and fire sprinklers across various industry verticals. The fire suppression sub segment is further bifurcated into fire sprinklers and fire extinguishers. Whereas, the fire analysis software sub segment is expected to grow at the highest rate during the forecast period. This is owing to the increasing demand for sophisticated fire analysis which further helps in proper decision making and fire prevention.
The global fire protection systems market is expected to grow at approximately USD 95 Billion by 2023, at 8% of CAGR between 2017 and 2023.
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Segments:
Fire protection systems market can be segmented on the basis of following:
By Type
Active Fire Protection Systems
Passive Fire Protection Systems
By Product
Fire Detection
- RFID Systems
- Sensors & Detectors
- Smoke Detectors
- Flame Detectors
- Heat Detectors
Fire Suppression
Fire Extinguishers
Foam Extinguisher
Water Extinguisher
Carbon Dioxide Extinguisher
Dry Chemical Powder Extinguisher
Others
Fire Sprinklers
Wet-Pipe Fire Sprinklers
Dry-Pipe Fire Sprinklers
Pre Action Fire Sprinklers
Deluge Fire Sprinklers
Others
Fire Analysis
Fire Mapping & Analysis Software
Fire Modelling & Simulation Software
Fire Response
Response Communication Systems
Emergency Lighting Systems
Voice Evacuation & Public Alert Systems
Fire Alarm Devices
By Service
Engineering Services
Managed Services
Maintenance Services
Installation & Design
By Vertical
Commercial
Residential
Energy & Power
Manufacturing
Transportation & Logistics
Oil & Gas
Government
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Intended Audience
• Technology Investors
• Research/Consultancy firms
• Technology Solution Providers
• Government Bodies
• Fire Protection Systems Component Providers
• Fire Protection Systems Service Providers
• Fire Protection Systems Product Manufacturers
• Fire Protection Systems Original Equipment Manufacturers (OEMs)
• Managed Service Providers
• Third-Party System Integrators
• Distributors and Traders
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