Precedence Research recently published a report on “Fire Protection System Market (By Product: Fire Detection, Fire Suppression, Fire Response, Fire Analysis, Fire Sprinkler System; By Services: Managed Service, Installation and Design Service, Maintenance Service, Others; By Application: Commercial, Industrial, Residential) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030, the global fire protection system market size is projected to hit USD 116.8 billion by 2030 from an estimated USD 68.3 billion in 2021, growing at a noteworthy CAGR of 7.1% from 2021 – 2030.
The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2017 to 2030. This research report evaluates fire protection system market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global fire protection system market for the period from 2017 to 2030.
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Crucial factors accountable for market growth are:
Report Highlights
Scope of the Fire Protection System Market Report
| Report Coverage | Details |
| Market Size in 2021 | US$ 68.3 billion |
| Growth Rate from 2021 to 2030 | CAGR of 7.1% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Service, Application, Region |
Scope of the Study
This fire protection system market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
Regional Snapshots
Europe is estimated to witness significant growth during the forecast period owing to the increased awareness regarding the fire safety systems and the presence of Governing agencies such as The Confederation of Fire Protection Associations Europe (CFPA-Europe) that strictly regulates the building safety features. For instance, Robert Bosch GmbH, a German multinational engineering and technology company announced the launch of Avenar panel 2000 and 8000 which is a new innovative fire alarm panel platform offering unparalleled connectivity and scalability from small to large-sized installations. The users of the control safety devices such as door controls, voice alarms and others can now be controlled using this panels display via eMatrix feature. This development in Europe is anticipated to drive the growth of the fire protection system market in Europe.
Market Dynamics
Driver – The installation of the fire protection systems in the buildings help in controlling and reducing the impact of fire accidents and this factor is anticipated to drive the growth of the fire protection system market. For instance, Honeywell International Inc, has developed Xtralis VESDA-E VEP aspirating smoke detector system that yields 1.5 times greater sensitivity and offers six times better dust rejection than the previous generation of products, significantly reducing the potential for nuisance alarms and reducing related customer costs. It can also be connected with Wi-fi that enables the remote monitoring of the real time status. This development is expected to drive the growth of the fire protection system market.
Restraint – The major restraining factor that will negatively impact the growth of the Fire Protection System Market includes the high cost involved in the installation and maintenance of the fire protection systems.
Opportunity – With the advancement of technologies, the fire protection systems can now be coupled with smart technologies such as IoT and big data. This integration of technologies with fire protection systems will enable the remote monitoring of the building and this development will find huge opportunities for market growth.
Challenges – The integration of fire protection system with the central control mechanism that will efficiently work in case of any emergencies is one of the major challenges encountered by the fire protection system market.
Recent Developments
Key Players:
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the fire protection system market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the fire protection system market include Johnson Controls; Honeywell International Inc.; Raytheon Technologies Corporation; GENTEX Corp.; Siemens; Robert Bosch GmbH; Halma plc and Eaton.
Segments Covered in the Report
By Product
By Services
By Application
By Geography
Key Points Covered in fire protection system market Study:
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Fire Protection System Market, By Product
7.1. Fire Protection System Market, by Product Type, 2021-2030
7.1.1. Fire Detection
7.1.1.1. Market Revenue and Forecast (2019-2030)
7.1.2. Fire Suppression
7.1.2.1. Market Revenue and Forecast (2019-2030)
7.1.3. Fire Response
7.1.3.1. Market Revenue and Forecast (2019-2030)
7.1.4. Fire Analysis
7.1.4.1. Market Revenue and Forecast (2019-2030)
7.1.5. Fire Sprinkler System
7.1.5.1. Market Revenue and Forecast (2019-2030)
Chapter 8. Global Fire Protection System Market, By Application
8.1. Fire Protection System Market, by Application, 2021-2030
8.1.1. Commercial
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Industrial
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Residential
8.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Fire Protection System Market, By Services
9.1. Fire Protection System Market, by Services, 2021-2030
9.1.1. Managed Service
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Installation and Design Service
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Maintenance Service
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Fire Protection System Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. Market Revenue and Forecast, by Services (2019-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4.3. Market Revenue and Forecast, by Services (2019-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.5.3. Market Revenue and Forecast, by Services (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. Market Revenue and Forecast, by Services (2019-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4.3. Market Revenue and Forecast, by Services (2019-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5.3. Market Revenue and Forecast, by Services (2019-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6.3. Market Revenue and Forecast, by Services (2019-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.7.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.7.3. Market Revenue and Forecast, by Services (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. Market Revenue and Forecast, by Services (2019-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4.3. Market Revenue and Forecast, by Services (2019-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5.3. Market Revenue and Forecast, by Services (2019-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6.3. Market Revenue and Forecast, by Services (2019-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.7.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.7.3. Market Revenue and Forecast, by Services (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. Market Revenue and Forecast, by Services (2019-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4.3. Market Revenue and Forecast, by Services (2019-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5.3. Market Revenue and Forecast, by Services (2019-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6.3. Market Revenue and Forecast, by Services (2019-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.7.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.7.3. Market Revenue and Forecast, by Services (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Market Revenue and Forecast, by Services (2019-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4.3. Market Revenue and Forecast, by Services (2019-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.5.3. Market Revenue and Forecast, by Services (2019-2030)
Chapter 11. Company Profiles
11.1. Siemens
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Johnson Controls
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Raytheon Technologies Corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Honeywell International Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. GENTEX Corp.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Halma plc
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Robert Bosch GmbH
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Eaton
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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