Dublin, March 10, 2022 (GLOBE NEWSWIRE) -- The "Fire Protection System Market Share, Size, Trends, Industry Analysis Report, By Product, By Service, By Application, By Region; Segment Forecast, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global fire protection system market size is expected to reach $95.22 billion by 2028 according to a new study. The report gives a detailed insight into the current market dynamics and provides analysis on future market growth.
The prominent factors of the market, such as the increasing penetration of the integrated smoke detectors with the Internet of Things (IoT) and big data, coupled with a growing number of government policies and norms pertaining to flame protection, are propelling the demand. Besides, the rising volume of human and property losses because of flame breakdown and escalating construction activities across various industries fuels the industry growth.
Furthermore, the launch of multiple solutions in the flame protection solution also attributes to the industry growth. For instance, in November 2020, Johnson Controls introduced the company's Smart Fire Sprinkler Monitoring solution, which presents a 24/7 monitoring facility with the help of the cloud, decreases building damage, manages operational downtime, and avert system breakdown.
Based on application, the commercial application segment held the largest revenue share in the global industry in 2020 due to the increasing number of government norms for controlling and preventing flame disasters. Whereas, the industrial application segment is projected to rise at a significant pace in the forecasting period due to the rising need for protecting automated systems from flame accidents.
Implementation of flame protection solutions enhances the safety of workforces along with lessens the chances of property damage. For instance, in Europe, a minimum of 5,000 flame incidents take place everyday day; consequently, flame safety in buildings is a significant measure across the region.
Industry participants such as Eaton, Carrier Global, Fike Corporation, GENTEX CORPORATION, Fire Suppression Ltd, Halma plc, HOCHIKI Corporation, Hitachi, Ltd., Honeywell International Inc., Johnson Controls, Iteris, Inc., Minimax Viking GmbH, Napco Security Technologies, Inc., MSA, Robert Bosch GmbH, Raytheon Technologies Corporation, Securiton AG, Schrack Seconet AG, and Siemens are some of the key players operating in the global market.
Several players in the industry are upgrading and advancing their products to survive in the fierce market competition and offer modernized features that contribute to the market growth. For instance, in April 2021, Siemens Smart Infrastructure introduced the company's novel upgraded version of the Cerberus FIT flame protection system for the small to the medium-sized buildings industry. It is a pocket-friendly, and straightforward solution that maximizes flame safety offers better productivity, and presents superior functionality.
The publisher has segmented the fire protection system market report on the basis of product, service, application, and region:
Fire Protection System, Product Outlook (Revenue - USD Billion, 2016 - 2028)
- Fire Detection
- Fire Suppression
- Fire Response
- Fire Analysis
- Fire Sprinkler System
Fire Protection System, Service Outlook (Revenue - USD Billion, 2016 - 2028)
- Managed Service
- Installation and Design Service
- Maintenance Service
- Other Services
Fire Protection System, Application Outlook (Revenue - USD Billion, 2016 - 2028)
- Commercial
- Industrial
- Residential
Fire Protection System, Regional Outlook (Revenue - USD Billion, 2016 - 2028)
- North America
- U.S
- Canada
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Austria
- Netherlands
- Asia Pacific
- China
- Japan
- India
- Indonesia
- Malaysia
- South Korea
- Latin America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Research Methodology
4. Fire Protection System Market Insights
4.1. Fire Protection System - Industry snapshot
4.2. Fire Protection System Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Fire-related accidents
4.2.1.2. Favorable government regulations
4.2.2. Restraints and Challenges
4.2.2.1. Human casualties
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Fire Protection System Market Industry trends
4.6. COVID-19 Impact Analysis
5. Global Fire Protection System Market, by Product
5.1. Key Findings
5.2. Introduction
5.2.1. Global Fire Protection System Market, by Product, 2016 - 2028 (USD Billion)
5.3. Flame Detection
5.3.1. Global Fire Protection System Market, by Flame Detection, By Region, 2016 - 2028 (USD Billion)
5.4. Flame Suppression
5.4.1. Global Fire Protection System Market, by Flame Suppression, by Region, 2016 - 2028 (USD Billion)
5.5. Flame Response
5.5.1. Global Fire Protection System Market, by Flame Response, by Region, 2016 - 2028 (USD Billion)
5.6. Flame Analysis
5.6.1. Global Fire Protection System Market, by Flame Analysis, by Region, 2016 - 2028 (USD Billion)
5.7. Flame Sprinkler System
5.7.1. Global Fire Protection System Market, by Flame Sprinkler System, by Region, 2016 - 2028 (USD Billion)
6. Fire Protection System Market Assessment by Service
6.1. Key Findings
6.2. Introduction
6.2.1. Global Fire Protection System Market, by Service, 2016 - 2028 (USD Billion)
6.3. Managed Service
6.3.1. Global Fire Protection System Market, by Managed Service, by Region, 2016 - 2028 (USD Billion)
6.4. Installation and Design Service
6.4.1. Global Fire Protection System Market, by Installation and Design Service, by Region, 2016 - 2028 (USD Billion)
6.5. Maintenance Service
6.5.1. Global Fire Protection System Market, by Maintenance Service, by Region, 2016 - 2028 (USD Billion)
6.6. Other Services
6.6.1. Global Fire Protection System Market, by Other Services, by Region, 2016 - 2028 (USD Billion)
7. Fire Protection System Market Assessment by Application
7.1. Key Findings
7.2. Introduction
7.2.1. Global Fire Protection System Market, by Application, 2016 - 2028 (USD Billion)
7.3. Commercial
7.3.1. Global Fire Protection System Market, by Commercial, by Region, 2016 - 2028 (USD Billion)
7.4. Residential
7.4.1. Global Fire Protection System Market, by Residential, by Region, 2016 - 2028 (USD Billion)
7.5. Industrial
7.5.1. Global Fire Protection System Market, by Industrial, by Region, 2016 - 2028 (USD Billion)
8. Fire Protection System Market Assessment by Geography
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. Carrier Global
10.1.1. Company Overview
10.1.2. Financial PerComponentance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Eaton
10.2.1. Company Overview
10.2.2. Financial PerComponentance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Fike Corporation
10.3.1. Company Overview
10.3.2. Financial PerComponentance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Fire Suppression Ltd
10.4.1. Company Overview
10.4.2. Financial PerComponentance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. GENTEX CORPORATION
10.5.1. Company Overview
10.5.2. Financial PerComponentance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Halma plc
10.6.1. Company Overview
10.6.2. Financial PerComponentance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. Hitachi, Ltd.
10.7.1. Company Overview
10.7.2. Financial PerComponentance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. HOCHIKI Corporation
10.8.1. Company Overview
10.8.2. Financial PerComponentance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Honeywell International Inc.
10.9.1. Company Overview
10.9.2. Financial PerComponentance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. Iteris, Inc.
10.10.1. Company Overview
10.10.2. Financial PerComponentance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11. Johnson Controls
10.11.1. Company Overview
10.11.2. Financial PerComponentance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. Minimax Viking GmbH
10.12.1. Company Overview
10.12.2. Financial PerComponentance
10.12.3. Product Benchmarking
10.12.4. Recent Development
10.13. MSA
10.13.1. Company Overview
10.13.2. Financial PerComponentance
10.13.3. Product Benchmarking
10.13.4. Recent Development
10.14. Napco Security Technologies, Inc
10.14.1. Company Overview
10.14.2. Financial PerComponentance
10.14.3. Product Benchmarking
10.14.4. Recent Development
10.15. Raytheon Technologies Corporation
10.15.1. Company Overview
10.15.2. Financial PerComponentance
10.15.3. Product Benchmarking
10.15.4. Recent Development
10.16. Robert Bosch GmbH
10.16.1. Company Overview
10.16.2. Financial PerComponentance
10.16.3. Product Benchmarking
10.16.4. Recent Development
10.17. Schrack Seconet AG
10.17.1. Company Overview
10.17.2. Financial PerComponentance
10.17.3. Product Benchmarking
10.17.4. Recent Development
10.18. Securiton AG
10.18.1. Company Overview
10.18.2. Financial PerComponentance
10.18.3. Product Benchmarking
10.18.4. Recent Development
10.19. Siemens
10.19.1. Company Overview
10.19.2. Financial PerComponentance
10.19.3. Product Benchmarking
10.19.4. Recent Development
For more information about this report visit https://www.researchandmarkets.com/r/yas3vk
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