Fire detection systems are generally created and connected to provide alerts regarding possible outbursts of fire. The alerts produced facilitate immediate evacuation thus protecting lives, and if required emergency firefighting may be carried out to prevent further spread of fire protecting property as well. Fire protection systems comprise of fire alarms, automatic fire detection, and fire suppression systems. Two types of fire detection devices can be used to detect combustion. Ionization detectors use radioactive substance within the device to discover hidden results of combustion. In photoelectric detectors, the light beam has been used to detect the presence of visible particles of smoke. Fire suppression systems consist of sprinkler systems, standpipe systems, and specialized extinguishing systems. The automatic sprinkler system is the most commonly used fire suppression system. Installation of fire protection systems in constructions has enhanced community, as these systems are effective in detecting, containing, and extinguishing fires swiftly.
Modernization and technological advancements revolving around the construction industry, with a focus on providing several safety features to consumers is a major factor likely to fuel the growth of the target market. In addition to this, stringent government regulations and mandates related to worker safety in industrial premise, both in developed, as well as developing countries, are expected to propel the growth of Fire Detection and Suppression Systems market.
Furthermore, recovery of the construction sector in developed regions, coupled with the strong growth of the construction sector in developing regions, is another key factor anticipated to fuel the growth of the target market.
However, high installation and maintenance costs of fire protection systems coupled with, high costs needed in replacing traditional fire detectors with smart detectors might hinder market growth. Nonetheless, the rapid development of smoke detectors and other systems, assimilated with the Internet of Things and big data is expected to provide lucrative opportunities to the key players in the market.