10.5% CAGR for fire protection systems market share to reach USD

Insight Partners

The fire protection systems market is growing steadily in the current scenario and is expected to increase in the coming years. The fire protection systems market consists of well-established players across the globe, who are investing huge sums in order to provide the most advanced technology to customers. Aircraft manufacturers, on the other hand, source advanced technologies from aircraft component manufacturers to provide passengers with additional value-added services and thus, give the passenger a superior travel experience. This factor is helping the fire protection system market to rise over the period.

Fire Protection Systems Market to 2025 – Global Analysis and Forecast by Technology (Active and Passive); Type of product (detectors, sprinklers, extinguishers and alarm); and end users (educational institutions, consumer goods and retail, energy and power, government, healthcare, manufacturing, oil and gas, mining and others)

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Market developments:

Some of the recent strategies of some of the players in the Fire Protection System market landscape are listed below-

2018: The South Branch of the National Palace Museum, located in (Taiwan), installed Honeywell’s Notifier fire alarm system, to provide integrated system integration with minimal operational costs and facilitate customization based on the future needs of the museum. The notification system is associated with another system to facilitate evacuations by emitting a signal via a different sound.
2018: Siemens AG works with Skanska Walsh in a joint venture to install Siemens’ intelligent infrastructure solution in the new central terminal complex at LaGuardia International Airport (USA). The smart solution includes a fire and life safety system and integrated building automation.
2018: Viking announced plans for new R&D centers and headquarters in Caledonia Township, West Michigan. This expansion will create high-tech training skills to support the organization’s goal of maintaining its leadership position in fire protection services.

Global Fire Protection Systems Market – Company Profiles

– Honeywell International, Inc.
– Johnson Controls, Inc.
-Robert Bosch GmbH
– Siemens AG
– United Technologies
– Hochiki Corporation
– Minimax Viking GmbH
-Gentex Corporation
– VFP Fire Systems, Inc.
– Halma PLC

Need for a safe and effective fire protection system inside buildings due to increasing urbanization

The 21st century has witnessed a huge influx of people into urban cities in both developed and developing economies in search of a better life. Higher living standards, higher employment opportunities, access to modern amenities and services are the few major factors that have contributed to the migration of rural population to urban areas across the world. Developing economies have seen steady growth in the post-recession period and so there has been an increase in consumer disposable income. According to World Bank data, currently 54% of the entire world population resides in urban areas while the remaining percentages still reside in rural areas. Thus, nearly 4 billion of the world’s population live in urban areas accumulating pressure on infrastructure in urban areas. As a result, population density in these areas has reached unprecedented levels.

Thus, the need for a robust fire protection system in order to be ready to handle any critical situation and avoid fire losses is obvious. Thus, the demand for a safer, efficient and faster fire protection system has driven the market for fire protection systems in recent times.

Main results of the study:

– North America is expected to account for the largest fire protection systems market share.
– On the basis of type, the active fire protection systems segment is expected to dominate the fire protection systems market.
– The fire alarm systems segment occupied the largest position by product.
– Commercial segment led the market by end-use industry.

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Contact us:
If you have any questions about this report or would like further information, please contact us:
Contact person: Sameer Joshi
Email: [email protected]

About Us:
The Insight Partners is an industry unique research provider of actionable intelligence. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Health IT, Manufacturing and Construction, Medical Devices , technology, media and telecommunications, chemicals and materials.

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