PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1446307
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1446307
The global fire protection system market size is estimated to grow from USD 71.6 billion in 2024 to 97.2 billion in 2029, by a CAGR of 6.3%. Wireless fire detection systems are becoming increasingly popular with the advancement of wireless technologies. The emergence of fully automated building control systems is crucial in this field. New smart buildings have a single control interface for various applications, such as HVAC, lighting control, security, and fire safety. The growth of the wireless fire detection system market is mainly due to the increase in the construction of small- and large-scale residential and commercial buildings worldwide.
Scope of the Report | |
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Years Considered for the Study | 2020-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Billion) |
Segments | By Fire Suppression, Smoke Detector, Heat Detector, Sprinkler, Service, Vertical and Region |
Regions covered | North America, Europe, APAC, RoW |
"Fire response segment is projected to grow at a significant CAGR during the forecast period."
Fire response mechanisms are triggered simultaneously with fire suppression measures to halt the spread of flames. These systems initiate alarms and sirens within buildings, issue warnings and notifications, and dispatch emergency messages to law enforcement, fire departments, and medical services. This section covers both active and passive fire response systems. Active fire response products encompass emergency lighting, public alert systems, secure communication devices, and fire alarm apparatus. Passive fire response systems include fire-resistant walls, floors, doors, and other components that impede or slow fire progression. The growing emphasis on human safety across various industries and stringent fire prevention and safety regulations mandated by governments worldwide drive the demand for fire response systems.
"Maintenance services expected to gain the largest market share during the forecast period."
Maintenance services are crucial in the fire protection system market to ensure fire safety standards are met, and systems function properly during emergencies. These services involve inspecting, testing, servicing, and repairing various components and monitoring fire protection systems and their parts. Maintenance services include regular audits and timely servicing of fire protection equipment to ensure that the system complies with all necessary fire safety standards and functions correctly during an emergency. Maintenance services include equipment supply, system testing & commissioning, and regular preventative maintenance. Reactive, preventive, informative, and real-time monitoring are different types of maintenance services. These services are vital for various industries, such as oil, gas & mining; energy & power; commercial; and transportation & logistics. Fireline Corporation, ORR Protection, Firetrol Protection Systems, Inc., and S&S Sprinkler Co., LLC are some companies offering maintenance services for fire protection systems.
"The market in North America is expected to grow at a significant CAGR during the forecast period."
The North American market majorly consists of countries such as US, Canada, and Mexico. The fire protection system market in North America is expected to be dominated by the US during the forecast period. This is driven by supportive government regulations, the adoption of advanced fire protection technologies, and increased concerns related to fire hazards. Another key factor driving the fire protection system market is the adoption in US the rising awareness of wireless technologies for fire detection. The growing awareness among consumers about the benefits of these systems, such as cost-effectiveness and ease of installation of technologies, along with amendments in government rules and regulations specific to wireless technologies, led to the market's rapid growth.
Major players profiled in this report are as follows: Carrier (US), Honeywell International Inc. (US), Johnson Controls (Ireland), Robert Bosch GmbH (Germany), and Siemens (Germany), Eaton (Ireland), Gentex Corporation (US), Halma plc (UK), HOCHIKI Corporation (Japan), Teledyne Technologies Incorporated (US) and others.
Research Coverage
The fire protection system market is divided into various products, including fire suppression, fire sprinkler, fire detection, fire analysis, and fire response. Fire suppression products are divided into suppression reagent types, including gaseous, chemical, water, and foam-based. Similarly, a fire sprinkler is further sub-segmented into its types, including wet, dry, pre-action, deluge, and others. Fire detection market includes flame detectors, smoke detectors, and heat detectors. Besides, the market has also been segmented into service, vertical, and region. Engineering, installation & design, maintenance, managed, and other services have been included. In addition, residential, commercial, and industrial verticals are covered. Furthermore, North America, Europe, Asia Pacific, and RoW are regions that have been covered in this report.
Product Development/Innovation: Detailed insights on new products, technologies, research & development activities, funding activities, industry partnerships, and new product launches in the fire protection system market
Market Development: Comprehensive information about lucrative markets - the report analyses the fire protection system market across regions such as North America, Europe, Asia Pacific, and RoW.
Market Diversification: Exhaustive information about new products & technologies, untapped geographies, recent developments, and investments in the fire protection system market
Competitive Assessment: In-depth assessment of the market position, growth strategies, and product offerings of leading players like Carrier (US), Honeywell International Inc. (US), Johnson Controls (Ireland), Robert Bosch GmbH (Germany), and Siemens (Germany) and among others in the fire protection system market
Strategies: The report also helps stakeholders understand the pulse of the fire protection system market and provides information on key market drivers, restraints, challenges, and opportunities.
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))**