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Global Fire Protection System Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Fire Protection System Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 69.66 Billion
Diagram Market Size (Forecast Year) USD 128.24 Billion
Diagram CAGR %

Global Fire Protection System Market, By Type (Active Fire Protection System, Passive Fire Protection Systems, Passive Fire Protection Areas), Product (Fire Detection, Fire Sprinkler System, Fire Suppression, Fire Response, Fire Analysis), Service (Installation and Design Services, Engineering Services, Managed Services, Maintenance Services, Others), End-User (Commercial, Residential, Energy and Power, Government, Manufacturing, Oil, Gas and Mining, Transportation and Logistics, Others) - Industry Trends and Forecast to 2030.

 

Fire Protection System Market Analysis and Size

In past years, fire protection system technology is being highly deployed globally due to the growing cases of fires in residential and commercial spaces. The technology is widely used across several industries owing to the emergence of flexible, reliable and superior solution of fire detection systems.

Global fire protection system market was valued at USD 69.66 billion in 2022 and is expected to reach USD 128.24 billion by 2030, registering a CAGR of 7.98% during the forecast period of 2023-2030. Installation and Design Services accounts for the largest service segment in the respective market owing to the high preference due to the subject-matter expertise offered by vendors. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Fire Protection System Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023-2030

Base Year

2021

Historic Years

2020 ((Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Active Fire Protection System, Passive Fire Protection Systems, Passive Fire Protection Areas), Product (Fire Detection, Fire Sprinkler System, Fire Suppression, Fire Response, Fire Analysis), Service (Installation and Design Services, Engineering Services, Managed Services, Maintenance Services, Others), End-User (Commercial, Residential, Energy and Power, Government, Manufacturing, Oil, Gas and Mining, Transportation and Logistics, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa

Market Players Covered

Ems Security Group Ltd (U.K.), Electro Detectors Ltd (U.K.), Sterling Safety Systems (U.K.), Honeywell International, Inc. (U.S.), Siemens AG (Germany), Wagner Group Gmbh (Germany), Hochiki Corporation (Japan), Halma Plc. (U.K.), Apollo Fire Detectors Limited (U.K.), Robert Bosch Gmbh (Germany), EUROFYRE LTD. (U.K.), Detectomat Gmbh (Germany), Ceasefire Industries Pvt. Ltd (India), Johnson Controls (Ireland), Napco Security technologies, Inc. (U.S.), Def Nederland, Zeta Alarm ltd (U.K.), Libelium Comunicaciones Distribuidas S.L (Spain), Attentis (Australia), and Vigilys, Inc (U.S.), among others

Market Opportunities

  • Enhancement in the regulations and standards associated with fire safety
  • Increase in the advancement in technologies such as artificial intelligence (AI) and the internet of things (IoT)
  • Increase in the emphasis on design, aesthetics and ease

Market Definition

Fire protection systems are chiefly used to control, detect and extinguish fire or smoke and aware the occupants of a building or an establishment regarding the same, thus reducing the risk of casualties and loss of properties. Fire protection systems consist of equipment such as fire extinguishers, fire detectors, fire hose reels, fire hydrant systems and automatic sprinkler systems.

Global Fire Protection System Market Dynamics

Drivers

  • Demand for Wireless Connected Safety Systems

The rise in trend of adopting wireless connected safety systems in residential and commercial buildings is one of the major factors driving the growth of fire protection system market. The rise in urbanization is accelerating the number of residential and commercial buildings.

  • Advancement in Technologies

The increase in the advancement in technologies such as artificial intelligence (AI) and the internet of things (IoT) accelerate the market growth. The ability of IoT enables wireless fire detection systems prevents fire accidents and injuries.

  • Demand for Residential Fire Safety

The increase in the emphasis on design, aesthetics and ease included in these systems further influence the market. Also, surge in demand for residential fire safety and increasing awareness have a positive impact on the market.

In addition, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the fire protection system market.

Opportunity

  • Adoption of Water Mist Systems

Furthermore, adoption of water mist systems and integration of smoke detectors with IoT and big data extend profitable opportunities to the market players in the forecast period of 20233 to 2030. Also, periodic revision of regulatory compliances will further expand the market.

Restraint/Challenge

  • High Cost Associated with Installation and Maintenance of fire Protection Systems

On the other hand, high cost associated with installation and maintenance of fire protection systems, and concerns related to false alarms and detection failure are expected to obstruct market growth. Also, high cost of upgrading traditional fire detectors to smart detectors and integration of user interfaces with fire protection solutions are projected to challenge the fire protection system market in the forecast period of 2023 to 2030.

This fire protection system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fire protection system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

 Recent Development

  • In August 2018, Napco Security has announced the launch of Napco FireLink 8-32 Zone FACP with Built-in LTE Cellular Communicator which would help in connecting the fire alarm systems. It would be beneficial for the company as the product is custom programmable and/or expandable up to 32 points using any combination of conventional, addressable and wireless devices and is NFPA 72/UL certified which would give assurance of the quality to the customers.

Global Fire Protection System Market Scope

The fire protection system market is segmented on the basis of type, product, service and end-user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Active Fire Protection System
  • Passive Fire Protection Systems
  • Passive Fire Protection Areas

Product

  • Fire Detection
  • Fire Sprinkler System
  • Fire Suppression
  • Fire Response
  • Fire Analysis

Service

  • Installation and Design Services
  • Engineering Services
  • Managed Services
  • Maintenance Services
  • Others

End-User

  • Commercial
  • Residential
  • Energy and Power
  • Government
  • Manufacturing
  • Oil, Gas and Mining
  • Transportation and Logistics
  • Others

Global Fire Protection System Market Region Analysis/Insights

The fire protection system market is analyzed and market size insights and trends are provided by type, product, service and end-user as referenced above The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. The regions covered in the global fire protection system market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the Global Fire Protection System Market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa.

North America dominates the fire protection system market because of the high demand for smart buildings and intelligent houses that deliver optimum safety and security within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 because of the presence of all industrial and commercial organizations and the rise in awareness amongst the end-consumers in the region.. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

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The global fire protection system market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global artificial intelligence in marketing market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2015 to 2020.

Competitive Landscape and Global Fire Protection System Market Share Analysis

The biosensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to biosensors market.

Some of the major players operating in biosensors market are

  • Ems Security Group Ltd (U.K.)
  • Electro Detectors Ltd (U.K.)
  • Sterling Safety Systems (U.K.)
  • Honeywell International, Inc. (U.S.)
  • Siemens AG (Germany)
  • Wagner Group Gmbh (Germany)
  • Hochiki Corporation (Japan)
  • Halma Plc. (U.K.)
  • Apollo Fire Detectors Limited (U.K.)
  • Robert Bosch Gmbh (Germany)
  • EUROFYRE LTD. (U.K.)
  • Detectomat Gmbh (Germany)
  • Ceasefire Industries Pvt. Ltd (India)
  • Johnson Controls (Ireland)
  • Napco Security technologies, Inc. (U.S.)
  • Def Nederland, Zeta Alarm ltd (U.K.)
  • Libelium Comunicaciones Distribuidas S.L (Spain)
  • Attentis (Australia)
  • Vigilys, Inc (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The fire protection system market size will be worth USD 128.24 billion by 2030.
The growth rate of the fire protection system market is 7.98% in the forecast period by 2030.
Demand for wireless connected safety systems, advancement in technologies & demand for residential fire safety are the growth drivers of the fire protection system market.
Type, product, service, and end-user are the factors on which the fire protection system market research is based.
Major companies in the fire protection system market are Ems Security Group Ltd (U.K.), Electro Detectors Ltd (U.K.), Sterling Safety Systems (U.K.), Honeywell International, Inc. (U.S.), Siemens AG (Germany), Wagner Group Gmbh (Germany), Hochiki Corporation (Japan), Halma Plc. (U.K.), Apollo Fire Detectors Limited (U.K.), Robert Bosch Gmbh (Germany), EUROFYRE LTD. (U.K.), Detectomat Gmbh (Germany), Ceasefire Industries Pvt. Ltd (India), Johnson Controls (Ireland), Napco Security technologies, Inc. (U.S.), Def Nederland, Zeta Alarm ltd (U.K.), Libelium Comunicaciones Distribuidas S.L (Spain), Attentis (Australia), and Vigilys, Inc (U.S.), among others
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