The global fire protection system market is experiencing a steady growth in the current scenario and is anticipated to rise in the coming years. The market for fire protection system consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced technology to the customers. The aircraft manufacturers on the other hand, are procuring the advanced technologies from the aircraft component manufacturers to deliver passengers with additional value-added services and thus, empower the passenger with a superior travel experience. This factor is helping the market for fire protection system to surge over the period.
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What the report features:-
- Global analysis of Fire Protection Systems marketfrom 2018 – 2025 illustrating the progression of the market.
- Forecast and analysis of Fire Protection Systems market by Dosage, Route of Administration and Application from 2018 – 2025
- Forecast and analysis of Fire Protection Systems market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America
Leading key market players mentioned in the report:-
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.
APAC is the fastest growing region in the fire protection system market. The major reason for this is the high reconstruction process in China and India. China is the most populated country in the world, and a country with a large number of companies established. As the population is increasing, the need for new constructions as well as reconstruction of older buildings for turning to high rise towers is increasing, leading to increasing demand for safe and secure fire protection systems integrated in the buildings, office spaces, national heritage sites, manufacturing industries and other building utilities spaces. Apart from this, the development of smart cities in India is leading to infrastructure development and renovation in many major cities of India, leading to increasing demand for integration of high technology based intelligent fire protection systems. These new installations and reconstructions are expected to continue during the forecast period, contributing to high growth of fire protection systems market in the region. Geographically, North America contributed the maximum market share in 2017 in the fire protection system market, owing to rapid technological developments, numerous high rise buildings, and commercial buildings in the region.
Majority of the advanced and developing economies have laid down stringent fire regulations regarding the construction of new buildings in order to ensure safety for occupants. Countries such as North America, Australia, Canada, Mexico, UK, Germany, Spain, Italy and India have laid down stringent regulations. Also, the concerned authorities have laid down heavy punishments in case of violence of the codes. Virtually every building, process, service, design, and installation is affected by NFPA’s codes and standards. These codes and standards, reflect changing industry needs and evolving technologies, supported by research and development, and practical experience. The laying of such rules and regulations have been driving the adoptions of fire protection system market globally.
A plethora of products are used for prevention detection, prevention and suppression of fire by different industry verticals and are again broadly divided into the following categories as fire detection systems, fire alarm systems, fire suppression systems and others. Furthermore, there are many types of fire detection systems used in the market by various industry verticals. These different fire detection systems form the basis of a further sub-segment for the fire detection system market. Smoke detectors, heat detectors, flame detectors and others constitute the segment of fire detection systems.
Key findings of the study:
- North America is anticipated to account the largest fire protection system market share.
- Based on type, the active fire protection systems segment is projected to dominate the fire protection system market.
- Fire alarm system segment held the largest position by product.
- Commercial segment dominated the market by end use industry.
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Reasons to Buy the Report:
- Learn about the driving factors, affecting the market growth.
- Imbibe the advancements and progress in the market during the forecast period.
- Understand where the market opportunities lies.
- Compare and evaluate various options affecting the market.
- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market.
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