Protection system

Global fire protection systems industry expected to reach $95.22 billion by 2028

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Fire Protection Systems Market

Fire Protection Systems Market

Fire Protection Systems Market

Dublin, March 10, 2022 (GLOBE NEWSWIRE) — The “Fire Protection Systems Market Share, Size, Trends, Industry Analysis Report, by Product, by Service, by Application, by Region; Segment Forecast, 2021-2028” report has been added to from ResearchAndMarkets.com offer.

The global fire protection systems market size is expected to reach $95.22 billion by 2028 according to a new study. The report provides a detailed overview of current market dynamics and provides analysis of future market growth.

Major market factors such as rising penetration of smoke detectors embedded with Internet of Things (IoT) and big data coupled with increasing number of government policies and standards relating to flame protection are propelling the demand. Additionally, the increasing volume of human and material losses due to the flame outage and escalating construction activities in various industries is fueling the growth of the industry.

Furthermore, the launch of several solutions in the flame protection solution also attributes to the growth of the industry. For example, in November 2020, Johnson Controls introduced the company’s Smart Fire Sprinkler Monitoring solution, which features a 24/7 monitoring facility using the cloud, reduces building damage, manages operational downtime and prevents system failures.

Based on applications, the commercial application segment held the largest share of global industry revenue in 2020 owing to the growing number of government standards to control and prevent fire disasters. While the industrial application segment is expected to grow at a significant rate during the forecast period owing to the growing need to protect automated systems from flame accidents.

Implementing flame protection solutions improves worker safety and reduces the risk of property damage. For example, in Europe, a minimum of 5,000 flame incidents occur every day; therefore, fire protection in buildings is an important measure throughout the region.

Industry participants such as Eaton, Carrier Global, Fike Corporation, GENTEX CORPORATION, Fire Suppression Ltd, Halma plc, HOCHIKI Corporation, Hitachi, Ltd., Honeywell International Inc., Johnson Controls, Iteris, Inc., Minimax Viking GmbH, Napco Security Technologies, Inc., MSA, Robert Bosch GmbH, Raytheon Technologies Corporation, Securiton AG, Schrack Seconet AG, and Siemens are some of the key players operating in the global market.

Several industry players are improving and advancing their products to survive in the fierce market competition and offering modernized features which help in the growth of the market. For example, in April 2021, Siemens Smart Infrastructure introduced the company’s new and improved version of the Cerberus FIT flame protection system for the small to mid-sized building industry. It is a user-friendly and simple solution that maximizes flame safety, offers better productivity and has superior functionality.

The publisher has segmented the Fire Protection Systems market report on the basis of product, service, application, and region:

Fire Protection System Product Outlook (Revenue – USD Billion, 2016 – 2028)

  • Fire detection

  • Fire suppression

  • response to fire

  • Fire analysis

  • Fire sprinkler system

Fire Protection System, Service Outlook (Revenue – USD Billion, 2016 – 2028)

Fire Protection System, Application Outlook (Revenue – USD Billion, 2016 – 2028)

  • Commercial

  • Industrial

  • Residential

Fire Protection System, Regional Outlook (Revenue – USD Billion, 2016 – 2028)

  • North America

  • we

  • Canada

  • Europe

  • Germany

  • UK

  • Italy

  • France

  • Spain

  • Austria

  • Netherlands

  • Asia Pacific

  • China

  • Japan

  • India

  • Indonesia

  • Malaysia

  • South Korea

  • Latin America

  • Mexico

  • Brazil

  • Argentina

  • Middle East and Africa

  • United Arab Emirates

  • Saudi Arabia

  • Israel

  • South Africa

Main topics covered:

1. Introduction

2. Executive Summary

3. Research methodology

4. Fire Protection Systems Market Overview
4.1. Fire Protection System – Industry Overview
4.2. Fire Protection Systems Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Fire-related accidents
4.2.1.2. Favorable government regulations
4.2.2. Constraints and challenges
4.2.2.1. Casualties
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining power of suppliers (moderate)
4.3.2. Threats from new entrants: (low)
4.3.3. Bargaining power of buyers (moderate)
4.3.4. Substitute Threat (Moderate)
4.3.5. Rivalry between existing companies (high)
4.4. PESTLE analysis
4.5. Fire Protection System Market Trends
4.6. COVID-19 Impact Analysis

5. Global Fire Protection Systems Market, By Product
5.1. Main conclusions
5.2. introduction
5.2.1. Global Fire Protection Systems Market, by Product, 2016-2028 (USD Billion)
5.3. Flame detection
5.3.1. Global market for fire protection systems, by flame detection, by region, 2016-2028 (USD billion)
5.4. Suppression of flames
5.4.1. Global fire protection systems market, by flame suppression, by region, 2016-2028 (USD billion)
5.5. Flame Response
5.5.1. Global Fire Protection Systems Market, by Flame Response, by Region, 2016-2028 (USD Billion)
5.6. Flame analysis
5.6.1. Global Fire Protection Systems Market, by Flame Analysis, by Region, 2016-2028 (USD Billion)
5.7. Flame sprinkler system
5.7.1. Global fire protection systems market, by flame sprinkler system, by region, 2016-2028 (USD billion)

6. Fire Protection Systems Market Assessment by Service
6.1. Main conclusions
6.2. introduction
6.2.1. Global fire protection systems market, by service, 2016-2028 (USD billion)
6.3. Managed service
6.3.1. Global Fire Protection Systems Market, by Managed Service, by Region, 2016-2028 (USD Billion)
6.4. Installation and design service
6.4.1. Global fire protection systems market, by installation and design service, by region, 2016-2028 (USD billion)
6.5. Maintenance service
6.5.1. Global fire protection systems market, by maintenance service, by region, 2016-2028 (USD billion)
6.6. Other services
6.6.1. Global Fire Protection Systems Market, by Other Services, by Region, 2016-2028 (USD Billion)

7. Fire Protection Systems Market Assessment by Application
7.1. Main conclusions
7.2. introduction
7.2.1. Global Fire Protection Systems Market, by Application, 2016-2028 (USD Billion)
7.3. Commercial
7.3.1. Global Fire Protection Systems Market, by Salesperson, by Region, 2016-2028 (USD Billion)
7.4. Residential
7.4.1. Global Fire Protection Systems Market, by Residential, by Region, 2016-2028 (USD Billion)
7.5. Industrial
7.5.1. Global fire protection systems market, by industry, by region, 2016-2028 (USD billion)

8. Fire Protection Systems Market Assessment by Geography

9. Competitive landscape
9.1. Expansion and acquisition analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles
10.1. Global Carrier
10.1.1. Company presentation
10.1.2. Financial by component
10.1.3. Product Benchmarking
10.1.4. Recent development
10.2. eaton
10.2.1. Company presentation
10.2.2. Financial by component
10.2.3. Product Benchmarking
10.2.4. Recent development
10.3. Fike Corporation
10.3.1. Company presentation
10.3.2. Financial by component
10.3.3. Product Benchmarking
10.3.4. Recent development
10.4. Fire Suppression Ltd.
10.4.1. Company presentation
10.4.2. Financial by component
10.4.3. Product Benchmarking
10.4.4. Recent development
10.5. GENTEX CORPORATION
10.5.1. Company presentation
10.5.2. Financial by component
10.5.3. Product Benchmarking
10.5.4. Recent development
10.6. Halma plc
10.6.1. Company presentation
10.6.2. Financial by component
10.6.3. Product Benchmarking
10.6.4. Recent development
10.7. Hitachi, Ltd.
10.7.1. Company presentation
10.7.2. Financial by component
10.7.3. Product Benchmarking
10.7.4. Recent development
10.8. HOCHIKI Company
10.8.1. Company presentation
10.8.2. Financial by component
10.8.3. Product Benchmarking
10.8.4. Recent development
10.9. Honeywell International Inc.
10.9.1. Company presentation
10.9.2. Financial by component
10.9.3. Product Benchmarking
10.9.4. Recent development
10.10. Iteris, Inc.
10.10.1. Company presentation
10.10.2. Financial by component
10.10.3. Product Benchmarking
10.10.4. Recent development
10.11. Johnson Controls
10.11.1. Company presentation
10.11.2. Financial by component
10.11.3. Product Benchmarking
10.11.4. Recent development
10.12. Minimax Viking GmbH
10.12.1. Company presentation
10.12.2. Financial by component
10.12.3. Product Benchmarking
10.12.4. Recent development
10.13. MSA
10.13.1. Company presentation
10.13.2. Financial by component
10.13.3. Product Benchmarking
10.13.4. Recent development
10.14. Napco Security Technologies, Inc.
10.14.1. Company presentation
10.14.2. Financial by component
10.14.3. Product Benchmarking
10.14.4. Recent development
10.15. Raytheon Technologies Corporation
10.15.1. Company presentation
10.15.2. Financial by component
10.15.3. Product Benchmarking
10.15.4. Recent development
10.16. Robert Bosch GmbH
10.16.1. Company presentation
10.16.2. Financial by component
10.16.3. Product Benchmarking
10.16.4. Recent development
10.17. Schrack Seconet SA
10.17.1. Company presentation
10.17.2. Financial by component
10.17.3. Product Benchmarking
10.17.4. Recent development
10.18. SA Security
10.18.1. Company presentation
10.18.2. Financial by component
10.18.3. Product Benchmarking
10.18.4. Recent development
10.19. Siemens
10.19.1. Company presentation
10.19.2. Financial by component
10.19.3. Product Benchmarking
10.19.4. Recent development

For more information on this report, visit https://www.researchandmarkets.com/r/yas3vk

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