Fire Detection & Suppression Equipment Market Trends [2031]
Fire Detection & Suppression Equipment Market Trends [2031]
Segments - Fire Detection & Suppression Equipment Market by Product (Fire Detectors, Fire Alarm, Fire Response, Fire Sprinkler System, Fire Suppressor, and Fire Analysis), Service (Managed Service, Maintenance Service, Engineering Services, Installation and Design Services, and Other Services), End-user (Transportation & Logistics, Oil & Gas Industries, Energy & Power, and Residential), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Upcoming
| Report ID :EP-6055
| 4.8 Rating
| 68 Reviews
| 174 Pages
| Format :
Report Description
Fire Detection & Suppression Equipment Market Outlook 2031
The global fire detection & suppression equipment market size was USD 60.54 billion in 2022 and is likely to reach USD 98.91 billion by 2031, expanding at a CAGR of 5.1% during 2023–2031. The growth of the market is attributed to the growing demand for fire protection systems from manufacturing units and commercial buildings.
Fire detection & suppression equipment are usually deployed to control, detect, and extinguish smoke or fire and alert the inhabitants of a building, thus reducing the risk of causalities and property loss. Enterprises and manufacturing industry across various regions has designed specific standards to decrease the possibility and impact of fire and other risks.
Fire protection system includes fire detectors, fire extinguishers, fire hose reels, fire hydrant systems, and automatic sprinkler systems. Common cause of factory fire is flammable liquid and gases used in manufacturing processes. Therefore, commercial buildings and manufacturing units set up a fire suppression technology that prevent ignition of an uncontrolled fire. For instance,
-
In August 2022, Firetrace International bringing fire safety support to those emerging renewable energy markets across 35 continents including India and Chian. This global company provides access to its fire suppression technology, which stands to safe-guard communities, assets, and investments when a fire occurs in renewable energy assets.
The research report finds that the COVID-19 pandemic hampered fire detection & suppression equipment market. Lockdown and several safety measures affected various industries, due to the shift in activities such as supply chain operations, product commercialization, and vendor operations. However, the market is projected to recover and return to its normal operation post pandemic with the robust urbanization and industrialization globally.
Artificial Intelligence (AI) Impact on Fire Detection & Suppression Equipment Market
Similar to other fields, artificial intelligence has importance in firefighting techniques. It analyses data from different sources including cameras and smart sensors to offer real-time insights and recommendations. Additionally, it optimizes the performance of fire suppression systems, such as suppression agents and sprinklers by adjusting its operation based on real-time data. This helps fire fighters to make informed decisions and improve their effectiveness in reducing fire.
Fire Detection & Suppression Equipment Market Dynamics
Major Drivers
Stringent fire safety regulations are anticipated to fuel the market during the forecast period. Moreover, development of construction industry coupled with the rising human and property loss due to fire breakouts is projected to propel the market in the coming years.
Existing Restraints
High maintenance cost of fire safety system is projected to hamper the market expansion during the forecast period. Maintenance cost of the fire safety system depend upon the use, lifespan, and a type of the building. This system is more expensive to deploy in older buildings as compared to newly constructed ones.
Emerging Opportunities
Growing adoption of wireless technology in fire detection is likely to create lucrative opportunities for market players. Research activities are expected to help companies to develop advanced products integrating the modern technologies.
Key players are offering new products, ancillary services, and training and support to help customers select the right products for their specific needs. These initiatives from market players are essential to maintain their market presence in a competitive environment. For instance,
-
In April 2023, Johnson Controls International PLC partnered with the International WELL Building Institute (IWBI) to provide healthy building solutions for their clients and employees. Clients meet ESG reporting, human capital management, and workplace policies and strategies through the Well Enterprise Provider (EP) designation.
Scope of the Fire Detection & Suppression Equipment Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Fire Detection & Suppression Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016–2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
Product (Fire Detectors, Fire Alarm, Fire Response, Fire Sprinkler System, Fire Suppressor, and Fire Analysis), Service (Managed Service, Maintenance Service, Engineering Services, Installation and Design Services, and Other Services), and End-user (Transportation & Logistics, Oil & Gas Industries, Energy & Power, and Residential) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Securiton AG; Encore Fire Protection; Johnson Controls; United Technologies; Honeywell; Siemens; Halma plc; Robert Bosch; Hochiki; Gentex Corporation; Minimax Gmbh & CO. KG; Napco Security Technologies; Schrack Seconet AG; and Argus Fire Protection Co. Limited |
Fire Detection & Suppression Equipment Market Segment Insights
Product Segment Analysis
On the basis of product, the fire detection & suppression equipment market is segmented into fire detectors, fire alarm, fire response, fire sprinkler system, fire suppressor, and fire analysis. The fire suppressor segment is anticipated to account for a major market share during the forecast period, owing to its efficacy over other types of equipment. This system controls the fire and provides cooling and extinguishment of the fire incident.
The fire alarm segment is projected to expand at a considerable CAGR during the forecast period, due stringent regulations to prevent hazards. It reduces the risk of loss of life and property damage in any commercial fire. It alerts people about fire.
Service Segment Analysis
Based on service, the market is divided into managed service, maintenance service, engineering services, installation and design services, and other services. The maintenance service segment is expected to hold a significant share of the market in the coming years. Maintenance services includes auditing and servicing of fire protection systems to ensure that the system meets all required fire safety functions and standards properly during an emergency.
The installation and design services segment accounts for a considerable market share. This service offers testing, inspection, servicing, and repair of components, and monitoring of fire protection systems. Moreover, it includes system testing and commissioning, regular preventative maintenance, and equipment supply.
End-User Segment Analysis
On the basis of end-user, the fire detection & suppression equipment market is segregated into transportation & logistics, oil & gas industries, energy & power, and residential. The oil & gas industries segment is anticipated to expand at a substantial CAGR during the forecast period, owing to various manufacturing and production activities. These industries are prone to fire incidents that takes place during the energy transit or through transformers overload or power surge.
The residential segment is expected to hold a considerable share of the market, due to the rising building projects in real estate and infrastructure or industrial structures. Moreover, fire detection system is commonly used in residential buildings for instant fire suppression and early fire detection.
Regional Analysis
In terms of region, the global fire detection & suppression equipment market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the forecast period, owing to advancements in fire protection systems and rising investments in the construction industry. Furthermore, execution of stringent fire safety regulations of fire protection systems across the region, further fueling the market.
The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, due to increasing urbanization and industrialization. Rising awareness regarding the safety of people in public places is a major factor driving for the market in the region.
Segments
The global fire detection & suppression equipment market has been segmented on the basis of
Product
- Fire Detectors
- Fire Alarm
- Fire Response
- Fire Sprinkler System
- Fire Suppressor
- Fire Analysis
Service
- Managed Service
- Maintenance Service
- Engineering Services
- Installation and Design Services
- Other Services
End-User
- Transportation & Logistics
- Oil & Gas Industries
- Energy & Power
- Residential
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Securiton AG
- Encore Fire Protection
- Johnson Controls
- United Technologies
- Honeywell
- Siemens
- Halma plc
- Robert Bosch
- Hochiki
- Gentex Corporation
- Minimax Gmbh & CO. KG
- Napco Security Technologies
- Schrack Seconet AG
- Argus Fire Protection Co. Limited
Competitive Landscape
Key players competing in the global fire detection & suppression equipment market are Securiton AG; Encore Fire Protection; Johnson Controls; United Technologies; Honeywell; Siemens; Halma plc; Robert Bosch; Hochiki; Gentex Corporation; Minimax Gmbh & CO. KG; Napco Security Technologies; Schrack Seconet AG; and Argus Fire Protection Co. Limited.
Some of the major companies in the market have adopted various organic growth strategies including product launches, mergers, partnerships, and collaborations to increase their market share and witness significant growth. For instance,
-
In February 2022, ORR Protection Systems acquired Liberty Building Technologies (LBT). LBT, a company specializing in fire detection and suppression solutions for almost 18 years in Texas, the US. ORR Protection recent growth has led to the acquisition of Liberty Building Technologies, expanding their geographic footprint to Texas. This acquisition is a testament to ORR's dedication to expansion and continuous improvement.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Fire Detection & Suppression Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fire Detection & Suppression Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fire Detection & Suppression Equipment Market - Supply Chain
4.5. Global Fire Detection & Suppression Equipment Market Forecast
4.5.1. Fire Detection & Suppression Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fire Detection & Suppression Equipment Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Fire Detection & Suppression Equipment Market Absolute $ Opportunity
5. Global Fire Detection & Suppression Equipment Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Fire Detection & Suppression Equipment Market Size and Volume Forecast by End Users
5.3.1. Transportation & Logistics
5.3.2. Oil & Gas Industries
5.3.3. Energy & Power
5.3.4. Residential
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Fire Detection & Suppression Equipment Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Fire Detection & Suppression Equipment Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Fire Detection & Suppression Equipment Demand Share Forecast, 2019-2026
7. North America Fire Detection & Suppression Equipment Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Fire Detection & Suppression Equipment Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Fire Detection & Suppression Equipment Market Size and Volume Forecast by End Users
7.4.1. Transportation & Logistics
7.4.2. Oil & Gas Industries
7.4.3. Energy & Power
7.4.4. Residential
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Fire Detection & Suppression Equipment Demand Share Forecast, 2019-2026
8. Latin America Fire Detection & Suppression Equipment Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Fire Detection & Suppression Equipment Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Fire Detection & Suppression Equipment Market Size and Volume Forecast by End Users
8.4.1. Transportation & Logistics
8.4.2. Oil & Gas Industries
8.4.3. Energy & Power
8.4.4. Residential
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Fire Detection & Suppression Equipment Demand Share Forecast, 2019-2026
9. Europe Fire Detection & Suppression Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Fire Detection & Suppression Equipment Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Fire Detection & Suppression Equipment Market Size and Volume Forecast by End Users
9.4.1. Transportation & Logistics
9.4.2. Oil & Gas Industries
9.4.3. Energy & Power
9.4.4. Residential
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Fire Detection & Suppression Equipment Demand Share Forecast, 2019-2026
10. Asia Pacific Fire Detection & Suppression Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Fire Detection & Suppression Equipment Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Fire Detection & Suppression Equipment Market Size and Volume Forecast by End Users
10.4.1. Transportation & Logistics
10.4.2. Oil & Gas Industries
10.4.3. Energy & Power
10.4.4. Residential
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Fire Detection & Suppression Equipment Demand Share Forecast, 2019-2026
11. Middle East & Africa Fire Detection & Suppression Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Fire Detection & Suppression Equipment Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Fire Detection & Suppression Equipment Market Size and Volume Forecast by End Users
11.4.1. Transportation & Logistics
11.4.2. Oil & Gas Industries
11.4.3. Energy & Power
11.4.4. Residential
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Fire Detection & Suppression Equipment Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Fire Detection & Suppression Equipment Market: Market Share Analysis
12.2. Fire Detection & Suppression Equipment Distributors and Customers
12.3. Fire Detection & Suppression Equipment Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Securiton AG
12.4.2. Encore Fire Protection
12.4.3. Johnson Controls
12.4.4. United Technologies
12.4.5. Honeywell
12.4.6. Siemens
12.4.7. Halma plc
12.4.8. Robert Bosch
12.4.9. Hochiki
12.4.10. Gentex Corporation
12.4.11. Minimax Gmbh & CO. KG
12.4.12. Napco Security Technologies
12.4.13. Schrack Seconet AG
12.4.14. Argus Fire Protection Co. Limited
Methodology
Related Reports
Some other reports from this category!
Our Clients
