Fire Protection Systems Market top 10 companies 2027

1. Fire Protection Systems market Fire Protection Systems Market to 2025 - Global Analysis and Forecasts by Technology (Active and Passive); Product Type (Detectors, Sprinklers, Extinguishers and Alarm); and End Users (Educational Institutions, Consumer Goods & Retail, Energy & Power, Governmental, Healthcare, Manufacturing, Oil & Gas, Mining and Others)

2. Fire Protection Systems market Current and future Market Scenario The global fire protection system market accounted for US$ 52.64 Bn in 2017 and is expected to grow at a CAGR of 10.5% during the forecast period 2018 to 2025, to account for US$ 116.51 Bn by 2025. Growth in the recent five years is primarily driven by two major factors, such as need for a safe and efficient fire protection system inside buildings owing to increasing urbanization, and necessity to adhere to the stringent fire compliances and regulations. The global fire protection system market is experiencing a steady growth in the current scenario and is anticipated to rise in the coming years. The market for fire protection system consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced technology to the customers. The aircraft manufacturers on the other hand, are procuring the advanced technologies from the aircraft component manufacturers to deliver passengers with additional value-added services and thus, empower the passenger with a superior travel experience. This factor is helping the market for fire protection system to surge over the period.

3. Fire Protection Systems market Factors Contributing to Market Growth  APAC is the fastest growing region in the fire protection system market. The major reason for this is the high reconstruction process in China and India. China is the most populated country in the world, and a country with a large number of companies established.  As the population is increasing, the need for new constructions as well as reconstruction of older buildings for turning to high rise towers is increasing, leading to increasing demand for safe and secure fire protection systems integrated in the buildings, office spaces, national heritage sites, manufacturing industries and other building utilities spaces.  Apart from this, the development of smart cities in India is leading to infrastructure development and renovation in many major cities of India, leading to increasing demand for integration of high technology based intelligent fire protection systems.  These new installations and reconstructions are expected to continue during the forecast period, contributing to high growth of fire protection systems market in the region.

4. Key Findings Key findings of the study: Geographically, North America contributed the maximum market share in 2017 in the fire protection system market, owing to rapid technological developments, numerous high rise buildings, and commercial buildings in the region.  North America is anticipated to account the largest fire protection system market share.  Based on type, the active fire protection systems segment is projected to dominate the fire protection system market.  Fire alarm system segment held the largest position by product.  Commercial segment dominated the market by end use industry. A plethora of products are used for prevention detection, prevention and suppression of fire by different industry verticals and are again broadly divided into the following categories as fire detection systems, fire alarm systems, fire suppression systems and others.

5. Fire Protection Systems market Market Segments by Technology (Active and Passive) End Users Product Type (Educational Institutions, Consumer Goods & Retail, Energy & Power, Governmental, Healthcare, Manufacturing, Oil & Gas, Mining) Detectors, Sprinklers, Extinguishers and Alarm

6. Fire Protection Systems market Dominating Segments Need for a safe and efficient fire protection system inside buildings owing to increasing urbanization  The 21st century has witnessed huge influx of population in the urban cities of developed and developing economies in search of better life.  Higher standards of living, higher job opportunities, access to modern amenities and services are the few major factors that have contributed in the migration of rural population to the urban areas around the world.  Developing economies witnessed a steady growth in the post-recession era and thus there was rise in the disposable incomes by consumers.  As per the data from Worldbank, currently 54% of the entire globe’s population resides in the urban areas while the remaining percentages are still residing in the rural areas.

7. Dominating Segments Hence, close to 4 billion of the world’s population houses in the urban areas piling up pressure on the infrastructures in the urban areas. As a result, density of population in these areas has reached unprecedented levels. Thus, the need for a robust fire protection system in order to be prepared to handle any critical situation and avoid fire losses is evident. Thus, the demand for a safer, efficient and quicker response fire protection system have been driving the fire protection system market in the recent times. Necessity to adhere to the stringent fire compliances and regulations Majority of the advanced and developing economies have laid down stringent fire regulations regarding the construction of new buildings in order to ensure safety for occupants. Countries such as North America, Australia, Canada, Mexico, UK, Germany, Spain, Italy and India have laid down stringent regulations.

8. Dominating Segments  Also, the concerned authorities have laid down heavy punishments in case of violence of the codes. Virtually every building, process, service, design, and installation is affected by NFPA’s codes and standards.  These codes and standards, reflect changing industry needs and evolving technologies, supported by research and development, and practical experience. The laying of such rules and regulations have been driving the adoptions of fire protection system market globally.  Get sample PDF copy @ https://www.theinsightpartners.com/sample/TIPTE100000629/

9. Dominating Segments Strategic Insights Few of the recent strategies by some of the players in fire protection system market landscape are listed below- 2018: The Southern Branch of National Palace Museum, situated in (Taiwan), installed Honeywell’s Notifier fire alarm system, to provide integrate system integration with in minimum operational costs and facilitates customization as per the museum’s future needs. Notifier system is paired with another system to help in evacuations by giving signal through a different sound. 2018: Siemens AG is working with Skanska Walsh under a joint venture to install Siemens Intelligent Infrastructure Solution into the new central terminal complex at LaGuardia International Airport (US). The intelligent solution comprises of fire and life safety system and integrated building automation. 2018: Viking announced the plans for new R&D centers and headquarter in Caledonia Township, West Michigan. This expansion will create high-tech training skill for supporting the organization’s aim for maintaining its position as a leader in fire protection services.

10. Fire Protection Systems market Leading Players Companies Mentioned  1. Honeywell International, Inc.  2. Johnson Controls, Inc.  3. Robert Bosch GmBH  4. Siemens AG  5. United Technologies  6. Hochiki Corporation  7. Minimax Viking GmbH  8. Gentex Corporation  9. VFP Fire Systems, Inc.  10. Halma PLC

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12. Fire Protection Systems market

13. Fire Protection Systems market Access Full Research Report at: https://www.theinsightpartners.com/reports/fire-protection-system-market Thank You! Thank You!