Fire Protection System Global Market Report 2024

Description

“Fire Protection System Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on fire protection system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for fire protection system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The fire protection system market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Active Fire Protection Systems; Passive Fire Protection Systems
2) By Services: Managed Service; Installation And Design Service; Maintenance Service; Other Services
3) By End-User: Commercial; Industrial; Governmental; Institutional; Other End-Users
Companies Mentioned: Honeywell International Inc.; Siemens AG; Halma plc; Robert Bosch Gmbh; Johnson Controls
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Fire protection systems are standardized products installed in buildings to detect and combat fire outbreaks. These systems utilize components such as smoke detectors, flame detectors, and more to detect and extinguish fires, playing a crucial role in safeguarding lives and property across various settings, including residential, commercial, industrial, and public buildings.

There are two main types of fire protection systems, active fire protection systems and passive fire systems. An active fire protection system, which includes water spray systems, deluge systems, sprinkler systems, fire water monitors, and steam rings around flanges, is a dormant system that requires activation in the event of a fire to function. These systems offer services such as managed services, installation and design services, maintenance services, and other related services. They find applications in various end-user sectors, including commercial, industrial, governmental, institutional, and others.

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The fire protection system market size has grown strongly in recent years. It will grow from $75.72 billion in 2023 to $81.89 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth observed in the historic period can be attributed to a surge in building construction, the enforcement of rigorous safety regulations, the trends of industrialization and urbanization, the requirements set by the insurance industry, and heightened awareness and education on fire safety.

The fire protection system market size is expected to see strong growth in the next few years. It will grow to $113.83 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.

The anticipated growth in the forecast period can be ascribed to the increasing development of urban infrastructure, a global emphasis on life safety, the expansion of commercial and residential construction, the impact of climate change, and alterations in insurance policies. Noteworthy trends in the forecast period encompass the adoption of video fire detection systems, an emphasis on human behavior analysis in fire evacuation, adherence to more stringent fire safety regulations, the utilization of drones for fire monitoring, and the growing market for fire protection as a service (FaaS).

The anticipated growth in the fire protection system market is driven by the heightened human and property loss resulting from fire outbreaks. Property loss pertains to the financial or material damage inflicted on tangible assets or property, often arising from various events or risks such as fires, theft, natural disasters, accidents, or vandalism. Fire protection systems, including smoke detectors and heat sensors, are designed to detect fires early, potentially mitigating property loss. For example, a report published by the Government of the UK in February 2023 revealed an increase in fire-related fatalities in England from 249 to 276 in the year ending September 2022. Among these, 99 fatalities occurred in the final three months of 2021. Additionally, fire and rescue services in England responded to 620,758 incidents in the year ending September 2022, marking a 16% increase from the previous year (537,423). The total number of fires recorded in these incidents was 185,437, reflecting a 28% increase from the 145,313 fires reported in the previous year. Consequently, the rise in human and property loss due to fire outbreaks is a driving force for the fire protection system market.

The growth of the fire protection systems market is further expected to be fueled by increased demand from the building and construction sector. The building and construction sector encompasses the industry involved in the planning, design, construction, and management of buildings and infrastructure. Fire protection systems are integral to the overall design and planning of a building, with architects and engineers working collaboratively to seamlessly integrate these systems into the structure while maintaining aesthetics and functionality. As an illustration, according to the Office for National Statistics, a UK-based government department, total annual construction output witnessed a 5.6% increase in 2022 compared to 2021. Therefore, the escalating demand from the building and construction sector is a key driver for the growth of the fire protection systems market.

The fire protection system market is witnessing a prominent trend of embracing innovative technologies. Major companies in this market are dedicated to developing cutting-edge products infused with advanced technologies, aiming to fortify their market positions. An illustration of this trend is evident in the August 2022 announcement by Honeywell International Inc., a US-based engineering and technology company, regarding the launch of the Morley MAx fire detection and alarm system. This system is designed to enhance occupant and building safety, offering installers and end-users a highly sophisticated range of capabilities that are simple to install, commission, and maintain. The intelligent fire alarm control panel features a 7-inch touchscreen panel with a user-friendly and ergonomic interface, displaying visual icons and color-coded events. Additionally, it incorporates modern features such as multi-Boolean logic and the CANBus protocol for quicker communication across panels.

Major companies in the fire protection system market are strategically engaging in partnerships and collaborations with start-ups and mid-sized companies to expand their product and service offerings. These strategic collaborations and partnership agreements are instrumental in broadening the companies' existing product portfolios and extending their geographical reach. An example of such collaboration is seen in the partnership between National Engineering Industries Ltd. (NEI), an India-based flexible engineering solutions provider, and FOGTEC Fire Protection Pvt. Ltd., an India-based fire extinguisher service provider. This collaboration focuses on supplying the Fire Detection System and Fire Suppression System used in Indian Railways, enhancing safety and security while introducing new, innovative, reliable, and globally competitive solutions at favorable prices.

In August 2022, Endeavor Fire Protection, a US-based provider of fire protection and life safety services, acquired Valley Fire Protection Systems for an undisclosed amount. This strategic acquisition enables Endeavor to expand its service capabilities into monitoring, testing, and inspection of fire suppression systems, along with the design and installation of fire alarm systems. Valley Fire Protection Systems, a US-based construction company specializing in fire sprinklers, fire sprinkler systems, and retrofit services, aligns with Endeavor's goals for broader expertise and service offerings in the fire protection sector.

Major companies operating in the fire protection system market report are Honeywell International Inc., Siemens AG, Halma plc, Robert Bosch Gmbh, Johnson Controls, Ems Security Group Ltd., Electro Detectors Ltd., Sterling Safety Systems, Wagner Group Gmbh, Hochiki Corporation, Apollo Fire Detectors Limited, Eurofyre Ltd., Detectomat Systems GmbH, Ceasefire Industries Pvt. Ltd., Bosch Security Systems GmbH, Gentex Corporation, Hitachi Ltd., Argus Fire Protection Company Ltd., Teledyne Technologies Incorporated, Viking Group Inc., Victaulic Company, Fike Corporation, Securiton AG, Carrier Global Corporation, Eaton Corporation plc, API Group Corp., Encore Fire Protection, United Technologies Corporation, Orbis Technology, Global Fire Protection Group

Asia-Pacific was the largest region in the fire protection system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global fire protection system market report during the forecast period. The regions covered in the fire protection system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the fire protection system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The fire protection systems market consists of sales of fire alarm systems, fire suppression systems, fire extinguishers and sprinkler systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11730

1. Executive Summary

2. Fire Protection System Market Characteristics

3. Fire Protection System Market Trends And Strategies

4. Fire Protection System Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Fire Protection System Market Size and Growth

5.1. Global Fire Protection System Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Fire Protection System Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Fire Protection System Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Fire Protection System Market Segmentation

6.1. Global Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Active Fire Protection Systems
Passive Fire Protection Systems
6.2. Global Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Managed Service
Installation And Design Service
Maintenance Service
Other Services
6.3. Global Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Commercial
Industrial
Governmental
Institutional
Other End-Users

7. Fire Protection System Market Regional And Country Analysis

7.1. Global Fire Protection System Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Fire Protection System Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Fire Protection System Market

8.1. Asia-Pacific Fire Protection System Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Fire Protection System Market

9.1. China Fire Protection System Market Overview
9.2. China Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Fire Protection System Market

10.1. India Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Fire Protection System Market

11.1. Japan Fire Protection System Market Overview
11.2. Japan Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Fire Protection System Market

12.1. Australia Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Fire Protection System Market

13.1. Indonesia Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Fire Protection System Market

14.1. South Korea Fire Protection System Market Overview
14.2. South Korea Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Fire Protection System Market

15.1. Western Europe Fire Protection System Market Overview
15.2. Western Europe Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Fire Protection System Market

16.1. UK Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Fire Protection System Market

17.1. Germany Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Fire Protection System Market

18.1. France Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Fire Protection System Market

19.1. Italy Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Fire Protection System Market

20.1. Spain Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Fire Protection System Market

21.1. Eastern Europe Fire Protection System Market Overview
21.2. Eastern Europe Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Fire Protection System Market

22.1. Russia Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Fire Protection System Market

23.1. North America Fire Protection System Market Overview
23.2. North America Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Fire Protection System Market

24.1. USA Fire Protection System Market Overview
24.2. USA Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Fire Protection System Market

25.1. Canada Fire Protection System Market Overview
25.2. Canada Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Fire Protection System Market

26.1. South America Fire Protection System Market Overview
26.2. South America Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Fire Protection System Market

27.1. Brazil Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Fire Protection System Market

28.1. Middle East Fire Protection System Market Overview
28.2. Middle East Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Fire Protection System Market

29.1. Africa Fire Protection System Market Overview
29.2. Africa Fire Protection System Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Fire Protection System Market, Segmentation By Services, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Fire Protection System Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Fire Protection System Market Competitive Landscape And Company Profiles

30.1. Fire Protection System Market Competitive Landscape
30.2. Fire Protection System Market Company Profiles
- 30.2.1. Honeywell International Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Siemens AG
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Halma plc
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Robert Bosch Gmbh
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Johnson Controls
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Fire Protection System Market Competitive Benchmarking

32. Global Fire Protection System Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Fire Protection System Market

34. Fire Protection System Market Future Outlook and Potential Analysis

34.1 Fire Protection System Market In 2028 - Countries Offering Most New Opportunities
34.2 Fire Protection System Market In 2028 - Segments Offering Most New Opportunities
34.3 Fire Protection System Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer