Dublin, March 25, 2021 (GLOBE NEWSWIRE) -- The "Fire Suppression Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Despite Legislation & Institution of Strict Fire Safety Measures, Numerous Fire Accidents Worldwide Are Just Waiting to Happen. Fire Suppression Systems to Witness Global Opportunities Rise to US$ 27.5 Billion
The global market for Fire Suppression Systems is expected to slump by -4.7% in the year 2020 in response to COVID-19 induced business and economic challenges and thereafter recover and grow to reach US$ 27.5 billion by the year 2027, trailing a post COVID-19 CAGR of 5.4% over the analysis period 2020 through 2027.
While passive methods focus on curbing the happening of fire events by using fire proof materials such as coatings, claddings and cement materials in construction of buildings, active methods rely on manual and automatic technologies integrated with alarm systems, evacuation tools and suppression equipment to identify fire in a site, evacuate people, and control and extinguish the fire. Fire suppression systems provide an effective means to ensure protection against fire.
When used in combination with fire alarm systems and smoke detectors, they provide safety to people and aid in minimizing asset damage. Automatic fire suppression systems are basically fire safety equipment, which integrate sensors, detectors and fire suppression materials such as water, gaseous agents, foam, wet agents or dry chemicals to identify a fire event in a building or facility, and extinguish and control spread of fire.
With heavy dependence on the construction sector, demand for fire suppression systems is coming under severe pressure as weak economic environment on account of disruptions due to COVID-19 outbreak considerably brings down the momentum in the construction activity in residential, commercial enterprise, hospitality, healthcare, institutional, and industrial sectors.
Factors such as supply chains disruptions; shortage of building materials, subcontractors, and workers; and the termination of contracts to control expenses are all wielding considerable pressure on residential as well as non-residential construction projects. Uncertainty in the housing sector as is evident through considerable drop in housing starts and permits clearly demonstrate the headwinds for the industry.
While residential segment remains highly affected segment, the industrial and commercial segments also remain affected as the turmoil created by the epidemic remains massive on industrial enterprise operations, commercial enterprise activity and also hospitality and travel & tourism sectors. The slowdown in construction activity coupled with weak economic scenario is likely to lessen the demand for fire suppression systems globally.
In the post COVID-19 period, growth will be driven by increased use of IoT in fire safety which has potential to offer immense safety and efficiency benefits. Wireless cellular networks or low-power wide area networks (LPWAN) can seamlessly transmit a wide range of data from IoT devices to help in prevention and suppression of fire.
Sophisticated IoT sensors such as heat-proof sensors can resourcefully communicate the origin point of fire, the intensity and nature of fire and the spreading patterns, and also information about occupants in the fire zone. Accurate real-time information about the events going on at the hazard site empowers streamlined and synchronized firefighting and evacuation efforts, while potentially reducing the property damage and human casualties.
Furthermore, IoT-enabled personal alert safety system allows detection of firefighter motion through an acoustic transmitter that functions as a beacon to precisely locate the firefighter. Such IoT monitoring systems may potentially incorporate sensors to gauge body temperature, heart rate, volume flow rate, gas pressure, and acoustic impact, among others. Also, environment friendly sophisticated watermist fire suppression systems will come to the fore to substantially improve the fire safety in residential buildings.
Watermist systems use small droplets of water and enhance the surface area of the suppressant material to help reduce the oxygen and temperature at the flame front of the fire, eventually curbing the spread of the fire. Watermist consumes much of the energy of fire while converting water into steam, thereby minimizing the room temperature in the region of the fire. The technology produces large amounts of inert steam and minimizes smoke and toxic gases locally, by bringing down temperatures, eliminating oxygen, and slowing the oxidation reactions of the fire.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- Sprinkler Systems Installations to Change amid Re-opening of Offices
- Fire Safety & Security: An Introductory Prelude
- Manual & Automatic Technologies for Comprehensive Fire Safety Strategy: A Snapshot
- Introduction
- Select Fire Event Related Stats Highlighting the Importance of Fire Suppression Systems
- Developed Markets: Key Revenue Contributors
- Developing Markets to Drive Future Market Growth
- Competition
- Manufacturers Focus on End-to-End Support Services
- Asian Companies Seek to Expand Business Footprint
- World Brands
2. FOCUS ON SELECT PLAYERS (Total 224 Featured):
- AFEX Fire Suppression Systems
- APi Group Inc.
- Carrier Global Corporation
- Chubb Fire & Security Ltd.
- Kidde Fire Systems
- Marioff Corporation Oy
- Eusebi Impianti s.r.l
- Fike Corporation
- Fireboy- Xintex LLC
- Halma plc
- Hochiki Corporation
- Johnson Controls International Plc
- Jomarr Products, Inc.
- Minimax GmbH & Co. KG
- NAFFCO FZCO
- Semco Maritime A/S
- Siemens Building Technologies
3. MARKET TRENDS & DRIVERS
- Innovations Drive Momentum in Fire Suppression Market
- Focus Grows on Sustainable Technologies
- Smart Systems Evolve to Rejuvenate Growth
- Future Evolution of Fire Suppression Systems
- Next-Generation Smoke Detectors
- Innovative Fire Safety Applications in Pipes
- High-Rise, Modular Buildings Drive Space-Saving Innovations in Fire Suppression Market
- IoT Gains Traction in Fire Suppression Technologies
- Automatic Fire Extinguishing Systems Best for Heavy Machinery Protection
- Fire Suppression Systems Crucial to Prevent Major Service Interruptions in Modern Data Center Operations
- Expanding Role of Fire Protection Engineering in Building Architecture Generates Opportunities
- Regulations and Building Codes Support Proliferation of Fire Suppression Systems
- Water Based Systems: The Largest Market Segment
- Wet Pipe Systems Continue to Widen Audience Base
- Dry Pipe Systems Ideal for Structures Characterized by Sub-Zero Temperatures
- Design, Functional & Cost Limitations Hamper Adoption of Dry Pipe Systems
- Pre-Action Systems Gain Traction in Water-Leakage Sensitive Environments
- Deluge Sprinkler Systems for High-Hazard Sites
- Water Mist Systems Burn Bright in Fire Safety Technology Industry
- New Watermist Technologies Improve Fire Safety
- Gaseous Fire Suppression for Cleaner and Effective Suppression of Fire
- Select Gaseous Fire Suppression Agents by Mechanism Type: A Snapshot
- Clean Agents Make Rapid Progress Following Phase-Out of Virgin Halons
- F-Gas Regulation Curtail HFC-based Gaseous Systems
- CO2 Systems for Fast, Highly Adaptive, Non-Damaging & Eco-Friendly Fire Suppression
- PFAS Free Foams to Increasingly Replace PFAS Based Foams in Fire Suppression Systems for Industrial Facilities
- Specialty Systems Aim to Expand Market Share
- Drive towards Smart Home to Trigger Expansion
- High Thrust on Building Automation Augments Market Prospects
- Technologies Used in Building Automation Systems (BAS) by Application Area: A Snapshot
- Emerging IoT Technologies Enhance Fire Safety in Smart Cities
- Hospitals Integrate Fire Suppression in Building Security Mix
- Rise in Use of Advanced Fire Safety Systems in Hospitals
- Fire Suppression Systems Assume Critical Importance in Industrial Manufacturing Sites
- Warehouses & Logistics Sites Prioritize Fire Suppression to Avoid Inventory Losses
- Flammable Nature of Hydrocarbons Necessitates Fire Suppression in Oil & Gas Facilities
- Museums, Historic Buildings & Heritage Sites Extend Potential Opportunities
- Growth in Demand in the Transportation Sector
- Fire Suppression Systems Seek Role in the Airport Security Mix
- Education Sector: A Lucrative End-Use Sector
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- GEOGRAPHIC MARKET ANALYSIS
- UNITED STATES
- Market Overview
- Recovery in Construction Sector to Boost Growth
- Sprinkler Systems Gain from Advancements
- Demand for Water Mist Systems on Rise
- CANADA
- JAPAN
- CHINA
- EUROPE
- FRANCE
- GERMANY
- ITALY
- UNITED KINGDOM
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA-PACIFIC
- AUSTRALIA
- INDIA
- SOUTH KOREA
- REST OF ASIA-PACIFIC
- LATIN AMERICA
- ARGENTINA
- BRAZIL
- MEXICO
- REST OF LATIN AMERICA
- MIDDLE EAST
- IRAN
- ISRAEL
- SAUDI ARABIA
- UNITED ARAB EMIRATES
- REST OF MIDDLE EAST
- AFRICA
IV. COMPETITION
- Total Companies Profiled: 208
For more information about this report visit https://www.researchandmarkets.com/r/awppzq