The global Fire Protection Systems market size is expected to be worth around US$ 155.05 billion by 2028, according to a new report by Vision Research Reports.
The global Fire Protection Systems market size was valued at US$ 91.7 billion in 2020 and is anticipated to grow at a CAGR of 7.7% during forecast period 2021 to 2028.
Fire protection system is a certified product, developed according to the standards specified by the government authorities and regulatory bodies to control fire outbreaks. This system is equipped with flame detectors and smoke control devices that aid during fire emergency. Alarm valves and sprinkler systems are some of the widely used fire protection systems. These systems have been invented to detect and respond to fire, smoke, or flame. Introduction of fire protection systems has helped in responding quickly and accurately to fire, as compared to the traditional heat or smoke devices used in the past. Furthermore, fire sensors and detectors when installed in commercial buildings serve as ideal and affordable safety measure.
The fire protection systems are one of the essential systems required to be installed in any building. The systems are used for detecting, controlling, and safeguarding the consumers from potential fire destruction. These systems help to extinguish smoke or fire and alert the occupants of a building, thereby reducing the loss of properties and the risk of casualties. They include equipment such as fire suppression systems, detectors, response systems, analysis software, and sprinkler systems. The systems are installed in various establishments and infrastructures, include residential buildings, commercial buildings, and industrial buildings, to safeguard them from unforeseeable fire hazards.
the adoption in various developing countries was low as compared to the developed nation owing to the lack of awareness among consumers. However, the conscious efforts from various systems manufacturers, dealers, and integrators have enabled in creating a widespread awareness among end-users. Launching numerous fire safety programs and explaining the benefits of a has drawn the attention of Small and Medium Enterprises (SMEs) as well as large enterprise. This has paved the path for the market to grow steadily over the past few years.
The market is strongly driven by the standards and codes imposed by the various regulatory authorities. The use of high-cost advanced electronics systems has further increased the need to comply with fire safety standards. Thus, growing stringency has enforced the various organizations to install fire protection systems. Hence, the market is expected to grow significantly over the forecast period.
The fire detection product segment led the market and accounted for more than 40.05% share of the global revenue in 2020. These systems comprise several devices working collectively to detect and warn people through audio and video appliances during an incident involving fire, smoke, carbon monoxide, or other emergencies. Legislative requirements from different countries, including the Building Code of Australia, and the National Fire Protection Association USA, have mandated the installation of fire detection devices hence bolstering the demand for these devices.
Fire suppression systems are used for the reduction of heat release of a fire and the deterrence of its re-growth by means of sufficient and direct application of foam water or water mist, or other materials such as dry chemical powder, Carbon Dioxide (CO2) clean agent through the fire plume to the burning fuel surface. The increasing adoption of environment-friendly agents is expected to trigger the demand for this equipment. The growing pace of construction of commercial units and industrialization is expected to open lucrative growth opportunities for the suppression systems.
Fire protection equipment can work effectively and efficiently if an accurate analysis of events is done. Fire analysis is an integral part of a fire protection system, which facilities well-versed decisions that lead to maximum efficiency. Fire analysis generally uses fire modeling and simulation software, and fire mapping and analysis software. The fire analysis segment is likely to expand at the highest CAGR of 9.12% from 2020 to 2027. This is owing to the growing need for fire analysis, which helps in proper decision-making and fire prevention.
The installation and design service segment led the market and accounted for more than 40.02% share of the global revenue in 2019. Installation and design services of the fire protection system constitute an integral part of the value chain. It is mandatory for installers to use standard solutions and purchase ready-to-use equipment sets directly from producers or distributors.
The maintenance services segment is likely to expand at the highest CAGR of 9.02% from 2020 to 2027. Maintenance services include timely auditing and servicing to make sure that fire protection systems meet all the essential fire safety standards and function correctly in an emergency. The demand for these services is often driven by new building construction activities, modernization activities, and demand for system upgrades. Activities involved in the upgrading process include advancements in system technology and codes & standard changes.
Maintenance services such as monitoring, repair of components, testing, servicing, and inspection. The services contain regular preventative maintenance, system testing and commissioning, and equipment supply. Additionally, the replacement of aging systems owing to the increased enforcement of fire safety system testing standards and the consecutive rise in the discovery of failed components is likely to result in the increased demand for upgrades.
The commercial application segment led the market and accounted for more than 45.02% share of the global revenue in 2020. The demand in commercial applications across facilities such as hospitals, educational institutions, and government offices is rising owing to the formulation of stringent fire prevention and control norms by government across the globe. Increasing investment of companies for reducing the loss of property and life and safeguarding the infrastructure across several applications is also estimated to further propel the demand in the commercial sector. Furthermore, reduction in prices has triggered the wide-spread adoption of these devices across residential applications.
However, the industrial application segment is expected to expand at the highest CAGR of 8.9% from 2020 to 2027. The need to safeguard expensive automated systems from accidents is expected to drive the industrial application. The fire-prone sectors, including oil and gas, manufacturing, energy & power, emphasize on the installation of full proof protection and prevention systems, further driving demand across the industrial sector.
The growth of the residential sector can be attributed to the growing installations of fire protection systems in retrofit applications owing to the ease involved in installing these systems, the cost-effectiveness of the solutions, and the reduction in the time required for system installation. Retrofit deployments are primarily driven by changes in existing laws and codes that may have been pointed out during an inspection.
Hence, the need to upgrade as per the rules of insurance carriers and remodeling of a residential building to the latest systems is expected to drive the market for retrofit application. However, in existing residential infrastructures and buildings, rewiring the entire building can be extensive. Thus, fire safety equipment integrated with RF or infrared technologies is preferred over conventional wired systems.
North America dominated the market and accounted for over 35.05% share of global revenue in 2020. The increasing demand for smart buildings and intelligent houses which deliver optimum safety and security is expected to drive the North American market.
Robert Bosch GmbH
Fire Sprinkler System
Installation and Design Services
Middle East & Africa
The Fire Protection Systems market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Fire Protection Systems market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Fire Protection Systems market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Fire Protection Systems market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Fire Protection Systems market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Fire Protection Systems capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Fire Protection Systems by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Fire Protection Systems market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Fire Protection Systems market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Fire Protection Systems market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Fire Protection Systems industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Fire Protection Systems 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 companies’ focus related to Fire Protection Systems market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Fire Protection Systems market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Fire Protection Systems market. These factors have benefited the growth of the global market for Fire Protection Systems. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Fire Protection Systems. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Fire Protection Systems are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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