Fire Protection System Market
Segments - by Products (Fire Suppression, Fire Response, Fire Analysis, and Fire Detection), Services (Maintenance Services, Managed Services, Engineering Services, Installation & Design Services, and Others), Applications (Commercial, Industrial, and Residential), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028
The fire protection system market is estimated to register a robust CAGR during the forecast period, between 2021 and 2028. Fire suppression system protects residents of a building or establishment from fire hazards by controlling, detecting, and preventing fires. As a result, smoke or fire can be extinguished and building inhabitants are alerted, reducing property damage and life losses. Fire protection systems include equipment, such as fire detectors, fire response systems, fire analysis software, fire suppression systems, and fire sprinkler systems. These systems are installed in various infrastructures, including industrial, residential, and commercial buildings, to safeguard people and reduce the loss of destruction from fire hazards.
Many developing nations lag behind in adopting fire protection systems. Consumers are mostly unaware of the product due to low regulatory pressure and lack of awareness. However, the efforts of manufacturers, distributors, and system integrators have made users more aware. The launch of fire safety programs and the use of targeted marketing explaining the benefits of a fire protection system have drawn the attention of large as well as small & medium enterprises. This has led to steady market growth over the past few years.
Market Trends, Drivers, Restraints, and Opportunities
- Rapid urbanization and development of commercial, industrial, and residential infrastructure is expected to propel the market growth.
- Increasing adoption of fire prevention systems to prevent the spread of fire or greenhouse gases is estimated to increase the market potential.
- High initial investment can restrain the market growth.
- In order for enterprises and government agencies to provide complete fire protection to infrastructure, companies spend a lot of money on developing these advanced technologies. This, in turn, can create challenges for the market.
- The adoption of Internet of Things (IoT) and big data technology has resulted the demand for smart smoke detectors, resulting in the strong growth of the market.
Scope of Fire Protection System Market Report
The report on fire protection system market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Fire Protection System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018 & 2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Products (Fire Suppression, Fire Response, Fire Analysis, and Fire Detection), Services (Maintenance Services, Managed Services, Engineering Services, Installation & Design Services, and Others), Applications (Commercial, Industrial, and Residential) |
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Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
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Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
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Key Players Covered in the Report |
ENCORE FIRE PROTECTION, Fike Corporation, FIRE SUPPRESSION LIMITED, Hochiki Corporation, Gentex Corporation, Halma PLC, Honeywell International Inc., Johnson Controls International PLC, NAPCO SECURITY TECHNOLOGIES, Raytheon Technologies, Schneider Electric, SCHRACK SECONET AG, Securiton AG, Siemens AG, Victaulic Co., Robert Bosch GmbH, Viking Automatic Sprinkler Company, and Viking Group Inc |
Fire Protection System Market Segment Insights
Fire analysis segment is projected to hold significant market share
In the terms of products, the fire protection system market can be divided into fire suppression, fire response, fire analysis, and fire detection. The fire analysis segment is projected to hold significant market share. The segment progress can be attributed to the increasing requirement for fire analysis solution, which helps to make proper decisions during fire prevention. Fire analysis normally uses fire modeling & simulation software and fire mapping & analysis software. It is an essential part of a fire protection system, as it facilitates well-versed decision-making, which leads to maximum efficiency.
Installation & design services segment is anticipated to account for a substantial share
Based on services, the fire protection system market can be segmented into maintenance services, managed services, engineering services, installation and design services, and others. The installation & design services segment is anticipated to account for a substantial share. The practice of outsourcing the fire protection system design, development, documentation, and installation refers to the practice of outsourcing the fire protection system installation and design services. The services are increasingly preferred due to the subject-matter expertise offered by vendors.
Industrial segment is expected to grow at a rapid pace in near future
On the basis of applications, the fire protection system market can be segmented into commercial, industrial and residential. The industrial segment is anticipated to expand at a significant pace in the near future. This segment covers major sectors, such as oil & gas, mining, energy & power, and manufacturing. The requirement for solutions to safeguard automated systems from fire accidents is expected to fuel the growth of the segment. Furthermore, in the fire-prone sector, the emphasis is on installing complete proof protection and prevention systems. Thus, such factors are expected to further drive the industrial segment.
North America is estimated to dominate the market
In terms of regions, the fire protection system market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market. This segment can be attributed to the high demand for intelligent houses and smart buildings, which deliver optimum safety. Furthermore, North America has a strong presence of key market players, such as Raytheon Technologies Corporation, GENTEX Corp., and Honeywell International, Inc. These companies are actively involved in spreading product awareness via marketing programs.
Segments
By Products
- Fire Suppression
- Fire Response
- Fire Analysis
- Fire Detection
By Services
- Maintenance Services
- Managed Services
- Engineering Services
- Installation & Design Services
- Others
By Applications
- Commercial
- Industrial
- Residential
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
By Key Players
- ENCORE FIRE PROTECTION
- Fike Corporation
- FIRE SUPPRESSION LIMITED
- Hochiki Corporation
- Gentex Corporation
- Halma PLC
- Honeywell International Inc.
- Johnson Controls International PLC
- NAPCO SECURITY TECHNOLOGIES
- Raytheon Technologies
- Schneider Electric
- SCHRACK SECONET AG
- Securiton AG
- Siemens AG
- Victaulic Co.
- Robert Bosch GmbH
- Viking Automatic Sprinkler Company
- Viking Group Inc
Competitive Landscape
Key players in the fire protection system market are ENCORE FIRE PROTECTION, Fike Corporation, FIRE SUPPRESSION LIMITED, Hochiki Corporation, Gentex Corporation, Halma PLC, Honeywell International Inc., Johnson Controls International PLC, NAPCO SECURITY TECHNOLOGIES, Raytheon Technologies, Schneider Electric, SCHRACK SECONET AG, Securiton AG, Siemens AG, Victaulic Co., Robert Bosch GmbH, Viking Automatic Sprinkler Company, and Viking Group Inc. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fire Protection System 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 Protection System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fire Protection System Market - Supply Chain
4.5. Global Fire Protection System Market Forecast
4.5.1. Fire Protection System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fire Protection System Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Fire Protection System Market Absolute $ Opportunity
5. Global Fire Protection System Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Fire Protection System Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Fire Protection System Demand Share Forecast, 2019-2026
6. North America Fire Protection System Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Fire Protection System Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Fire Protection System Demand Share Forecast, 2019-2026
7. Latin America Fire Protection System 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
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Fire Protection System Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Fire Protection System Demand Share Forecast, 2019-2026
8. Europe Fire Protection System 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. Europe Average Pricing Analysis
8.2. Europe Fire Protection System Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Fire Protection System Demand Share Forecast, 2019-2026
9. Asia Pacific Fire Protection System 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. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Fire Protection System Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Fire Protection System Demand Share Forecast, 2019-2026
10. Middle East & Africa Fire Protection System 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. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Fire Protection System Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Fire Protection System Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Fire Protection System Market: Market Share Analysis
11.2. Fire Protection System Distributors and Customers
11.3. Fire Protection System Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. ENCORE FIRE PROTECTION
11.4.2. Fike Corporation
11.4.3. FIRE SUPPRESSION LIMITED
11.4.4. Hochiki Corporation
11.4.5. Gentex Corporation
11.4.6. Halma PLC
11.4.7. Honeywell International Inc.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fire Protection System 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 Protection System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fire Protection System Market - Supply Chain
4.5. Global Fire Protection System Market Forecast
4.5.1. Fire Protection System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fire Protection System Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Fire Protection System Market Absolute $ Opportunity
5. Global Fire Protection System Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Fire Protection System Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Fire Protection System Demand Share Forecast, 2019-2026
6. North America Fire Protection System Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Fire Protection System Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Fire Protection System Demand Share Forecast, 2019-2026
7. Latin America Fire Protection System 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
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Fire Protection System Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Fire Protection System Demand Share Forecast, 2019-2026
8. Europe Fire Protection System 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. Europe Average Pricing Analysis
8.2. Europe Fire Protection System Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Fire Protection System Demand Share Forecast, 2019-2026
9. Asia Pacific Fire Protection System 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. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Fire Protection System Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Fire Protection System Demand Share Forecast, 2019-2026
10. Middle East & Africa Fire Protection System 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. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Fire Protection System Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Fire Protection System Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Fire Protection System Market: Market Share Analysis
11.2. Fire Protection System Distributors and Customers
11.3. Fire Protection System Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. ENCORE FIRE PROTECTION
11.4.2. Fike Corporation
11.4.3. FIRE SUPPRESSION LIMITED
11.4.4. Hochiki Corporation
11.4.5. Gentex Corporation
11.4.6. Halma PLC
11.4.7. Honeywell International Inc.
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