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Fire Protection System Market

The Global Fire Protection System Market is expected to reach USD 97,594.4 Million by 2025 at a CAGR of 9.43% during the forecast period

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Fire Protection System Market

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  1. Fire Protection System Market Global Opportunity Analysis and Industry Forecast, 2028-2025

  2. Fire Protection System Market Overview • The Global Fire Protection System Market is expected to reach USD 97,594.4 Million by 2025 at a CAGR of 9.43% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentations and drivers to provide a better glimpse of the market in the coming years. • Over the past few years, there have been several fire-related accidents in commercial and residential spaces that led to the death of individuals. Thus, it becomes necessary for architects to install fire protection systems in building to avoid losses. Fire protection includes a set of fire safety procedures and equipment to guard the property against fire hazards.

  3. Fire protection systems are used to detect, control, and extinguish fire or smoke and alert the occupants of a building or an establishment about the same, thereby reducing the risk of casualties and loss of properties. Fire protection systems include equipment such as fire detectors, fire extinguishers, fire hose reels, fire hydrant systems, and automatic sprinkler systems. • These systems are deployed in several infrastructures and establishments, such as commercial buildings and manufacturing units, to protect them from unforeseeable fire hazards. Governments across the globe have designed specific codes and standards intended to minimize the possibility and effects of fire and other risks in a facility.  Read More at: https://www.marketresearchfuture.com/reports/fire-protection-systems-market-4676#description

  4. Market Segmentation • The global fire protection system market has been segmented based on type, product, service, vertical and region. • Based on type, the market has been classified as active fire protection system and passive fire protection system. The active fire protection system segment accounted for the larger market share of in 2016, with a market value of USD 23,667.0 million; it is expected to register the higher CAGR during the forecast period. However, the passive fire protection system segment contributed less as compared to the active fire protection system in 2016. Active fire protection (AFP) is a combination of different fire protection systems that sends an alert through the fire alarms systems and notifies those trapped inside the building to exit from the place. The passive fire protection (PFP) system compartmentalizes the building based on the level of fire resistance of walls as well as floors. Get the sample copy @ https://www.marketresearchfuture.com/sample_request/4676

  5. Key Market Players

  6. Detailed Regional Analysis • The global fire protection system market, by region, has been segmented into Asia-Pacific, North America, Europe, and the rest of the world. North America is expected to dominate the global fire protection system market during the forecast period due to technological advancements and increasing adoption of fire protection systems across various industry verticals in the region.

  7. Key Developments • In May 2019, Siemens AG launched Cerberus Portal, a cloud-based online fire protection software to monitor the fire systems. This software can be accessed from PCs, laptops, and tablets to have access to general system status and operate fire systems remotely. • In November 2018, United Technologies Corporation acquired Rockwell Collins to separate its commercial businesses—Otis and Carrier—into independent identities. • In September 2018, Napco Security Technologies, Inc. launched StarLink Fire LTE Universal Commercial Fire Cellular communicators for reliability, longevity and incremental recurring monthly revenue (RMR) from fire accounts for cellular reporting to any brand of fire alarm system.

  8. Thank You! For More Details Visit us at https://www.marketresearchfuture.com Follow Us On

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