Fire protection systems market is expected to secure notable revenue share during 2022-2030 – Queen Anne and Mangolia News

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the global fire protection systems market was rated at $92,061.0 million in 2020 for $131,274.5 million by 2027, at a CAGR of 5.8% from 2021 to 2027. A fire protection system is used to suppress and control fires using manual and automatic detectors. Fire protection systems include fire detection systems, fire management systems, fire response systems, and fire analytics and software. Fire protection is an area in which precautions are taken to minimize the risk of fire that can cause injury, death or property damage. A fire protection system alerts people in a building or in the fire area and reduces the damage caused. Fire safety measures include the procedures planned during the construction of a building or implemented in the works and taught to the occupants of the building.

Factors such as increased fire safety awareness and increase in residential and non-residential construction activities are driving the growth of the market. Additionally, an increase in public investment in the building infrastructure sector is fueling the demand for fire protection systems. However, fluctuating commodity prices are expected to hamper the growth of the market. Furthermore, advancements in technology to ensure safety and security are expected to provide lucrative growth opportunities for market players over the forecast period.

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The global fire protection systems market is categorized by product type, end-user, and region. Based on product type, the market is categorized into fire detection, fire response, fire suppression, and fire analytics. Based on type, the market is segmented into active fire protection systems and passive fire protection systems. By end-user, the market is divided into commercial, industrial, government, institutional, and others. Regionally, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the global market over the analysis period owing to technological advancements in fire protection systems and increased infrastructure investment.

Global Fire Protection Systems Market Dynamics

Drivers: increased fire safety awareness

Implementation of stringent standards for the installation of fire protection systems in residential and non-residential buildings globally is expected to fuel the growth of the market. Industrial and commercial areas mostly use fire protection systems for employee safety. Additionally, an increase in the risk of property damage and public safety concerns due to fires are driving the growth of the industry. For example, from 2018 to 2019, the Canadian government spent $34 million per year on fire protection services. According to Fire Safe Europe (FSEU), a European association for fire safety, in Europe at least 5,000 fires occur every day; Fire safety in buildings is therefore a major societal issue. Thus, increased fire safety awareness is expected to complement the growth of the fire protection systems market.

Constraints: high initial costs and predictive maintenance

High initial cost is one of the major challenges restraining the growth of the fire protection systems market. In addition, the predictive maintenance technique uses the data collected in real time through detection or optical sensors installed in the fire protection equipment and then analyzes them for predictive maintenance. In addition, the continuous upgrading of software and application programs to improve the overall performance of fire protection systems involves high costs, thus limiting their use. Additionally, lack of skilled operators and technicians for the maintenance and upkeep of fire protection systems is restraining the market growth among fast emerging economies and price sensitive markets.

Opportunities: technological advances to ensure safety and security

Safety and security are the main concerns of the residential and commercial sectors which have led to an increase in the deployment of voice-activated devices, video intercom systems and smart plugs in homes. This factor is substantially contributing to the growth of the fire protection systems market. In addition, intense competition has arisen among start-ups and large companies, due to the cost effectiveness of fire protection systems.

Moreover, the participation of giants such as Honeywell and Johnson Control has increased due to technological advancements. For example, in April 2020, the European company Securiton AG launched FidesNet, aspirating smoke detectors (ASD). It is a remote control unit with a 7 inch color touch screen capable of operating 100 Securismoke ASDs on a single control panel for airport, data centers, laboratories, etc. Likewise, in January 2020, Robert Bosch launched two AVENAR fire alarm panels, 2000 and 8000. They are equipped with a touch screen to detect fires, have 24/7 assistance and are accessible remotely. Additionally, the increase in the installation of smart home systems for safety and security is improving the visual appeal of the home, thereby creating value for residential end users. This factor is expected to continue to provide profitable business opportunities for market players during the forecast period.

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Report scope

The study categorizes the fire protection systems market based on product type, end-user, and regions.

By Product Type (Sales, USD Million, 2017-2027)

  • Fire detection
  • response to fire
  • Fire suppression
  • Fire analysis

By Type (Sales, USD Million, 2017-2027)

  • Active fire protection systems
  • Passive fire protection systems

By End User (Sales, USD Million, 2017-2027)

  • Commercial
  • Industrial
  • Governmental
  • Institutional
  • Others

By Region (Sales, USD Million, 2017-2027)

  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)

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Fire detection systems, by product type, account for the largest market revenue share

The global fire protection systems market is fragmented into fire detection, response, fire suppression, and fire analysis by product type. Fire detection accounted for the largest market share in 2020 and holds a market share of 36.7%. Fire detection covers components of fire protection systems such as sensors, detectors and RFID systems. Sensors and detection systems are an integral part of a security system.

The market for fire detection system products is expected to grow rapidly due to stringent government fire protection rules and regulations and National Fire Protection Association (NFPA) fire safety code for integration current and future constructions with security systems for general fire safety. Additionally, an increase in industrial and commercial construction buildings is expected to drive the growth of the market. For example, in 2018, the Government of Canada spent $62 billion on commercially constructed buildings. Moreover, the major players are focusing on the development of application-specific fire hydrants. For example, in December 2019, the British company Apollo Fire Detectors Ltd., a subsidiary of Halma Plc, launched a range of UL detectors, such as XP95A, Discovery UL and Series 65A. These products are available in ionization type and photoelectric type equipped with smoke detectors.

Asia-Pacific accounts for the highest CAGR during the forecast period

Based on region, the global fire protection systems market has been segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Asia-Pacific has a growth rate of 8.0% during the forecast period. Asia-Pacific dominates the overall fire protection systems market, owing to the strong economic growth in the region and the highest adoption of fire protection systems in countries such as China, Japan and India. An increase in industrialization, rapid urbanization, and increase in infrastructure projects are mainly driving the growth of the market. Moreover, the exponential growth in population and the development of industrial, commercial and residential infrastructure are driving the growth of the market.

The Asia-Pacific fire protection systems market is growing strongly, driven by an increase in infrastructure development projects. Economic recovery and surge in construction demand are driving the market growth significantly. Rapid industrialization and large population are driving the growth of the Asia-Pacific fire protection systems market. Rising consumer awareness about safety measures propels the growth of fire protection systems market. Major players are introducing fire protection systems for commercial and industrial sectors. For example, in 2020, Firesafe Cambodia launched the SRI 100MM fire hydrant system for commercial use. It has a 4″ gate valve with a pin cap and is operated with a hydrant key. Thus, all these factors are expected to increase the demand for fire protection systems in the region.

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Main market players

Leading players profiled in the Fire Protection Systems Market report are Gentex Corporation, Halma Plc, Hochiki Corporation, Honeywell International Inc., Johnson Controls International Plc., Minimax Viking GmbH, Robert Bosch GmbH, Securiton AG, Siemens AG and Raytheon Technologies.

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