Introduction of Fire Protection Systems Market Report

Fire protection systems consist of a variety of integrated systems that are used for detecting, controlling, and safeguarding the consumers from potential fire destruction, thereby reducing the risk of casualties and loss of properties. Fire protection systems include equipment such as fire detectors, fire suppression systems, fire extinguishers, fire hose reels, response systems, analysis software, fire hydrant systems, and automatic sprinkler systems. These systems help to extinguish smoke or fire while providing alert to the occupants of a building and play a vital role in keeping building occupants, assets, and the building safe. The fire protection systems are installed in various establishments and infrastructures, including commercial buildings, industrial buildings, and residential buildings for safeguarding them from unforeseeable fire hazards.

To have an edge over the competition by knowing the market dynamics and current trends of “Fire Protection Systems Market”, request for Sample Report here

The key factors fuelling the growth of the fire protection systems market include the increasing awareness for the safety and security of assets among consumers, growth in the construction industry, and rising human and property loss due to fire breakouts. In addition to this, the standards and codes imposed by the various regulatory authorities have been enforcing to install fire protection systems in residential and non-residential buildings globally. Moreover, rapid urbanization, industrialization, along with the increase in the risk of property damage and public safety concerns due to fire accidents are certain other factors propelling the growth of the segment.

Furthermore, technological advancements and development of advanced equipment including wireless fire alarm systems, extinguishing technology based on mist, alarms with embedded voice evacuation announcements, hypoxic air fire suppression systems, fire mapping and analysis software, and infrared smoke detectors are expected to contribute to the growth of the market globally. However, high initial costs, fluctuation in raw material prices, concerns related to false alarms and detection failure, and high cost of upgrading traditional fire detectors to smart detectors are some of the factors that are expected to hinder the market growth during the forecast period.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the type, the market has been segmented into active fire protection systems and passive fire protection systems. The passive fire protection systems segment is expected to witness faster CAGR during the forecast period owing to the increasing incorporation of passive fire protection into buildings that have fire doors, fire escapes, fireproofing walls, fire-resistant floors, doors, and fire-stopping devices. Additionally, a passive fire protection system involves the compartmentalization of buildings that helps in reducing structural damage by isolating fire to one compartment within the building and slowing its spread. This factor is expected to stimulate the growth of the segment over the forecast period.

Based on product, the market has been segmented into fire suppression, fire response, fire sprinkler system, fire analysis, and fire detection. The fire suppression segment is anticipated to grow at a faster CAGR in the market during the forecast period. This is attributed to the various benefits provided by the built-in components in the fire suppression system that detect fires at the beginning stages through heat, smoke, and other warning signals and uses a combination of dry chemicals and wet agents to suppress equipment fires. Additionally, increasing installation of fire suppression systems in commercial spaces including hotels, data centres, medical infrastructures, museum, and telecommunication buildings is further expected to drive the segment growth.

Based on service, the market has been segmented into maintenance services, managed services, engineering services, installation and design services, others. The maintenance services segment is predicted to grow at a higher CAGR over the forecast period. This is primarily due to the increasing demand for regular auditing and servicing for the appropriate functioning of fire protection systems and to make sure that fire protection systems meet all the essential fire safety standards. Additionally, rising new building construction activities, renovations, and increasing demand for fire protection system upgrades are further contributing to the growth of the market.

Based on the vertical, the market has been segmented into commercial, oil, gas, and mining, manufacturing, transportation & logistics, energy & power, residential, government, and others. The oil, gas, and mining vertical is projected to grow at a higher CAGR during the forecast period primarily due to the increasing usage of highly flammable materials including petroleum, crude oil, flammable gases, and coal in this industry vertical, which require highly efficient fire detection and prevention systems. Moreover, the use of various fire suppression systems that include clean agent fire suppression systems, dry chemical fire suppression systems, gas-based suppression systems, and water and foam sprinklers in these industries is further expected to escalate the growth of the segment.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Based on the region, the Asia-Pacific region is predicted to dominate the fire protection systems market during the forecast period, primarily due to the increasing demand, especially among the emerging economies, including China, Japan, India, and South Korea, due to the rising number of constructional activities. The growing population and the growth in the residential sector are further increasing the installations of fire protection systems in the region. Moreover, the rising number of the establishment of hospitals, educational institutions, government offices, and commercial spaces are further propelling the demand for fire protection equipment, thereby, driving the growth of the market in the region.

Various notable players operating in the global fire protection systems market include Johnson Controls International Plc, Honeywell International Inc., Siemens AG, Halma Plc, Robert Bosch GmbH, Napco Security Technologies, Inc., Hochiki Corporation, VFP Fire Systems, Inc., S&S Sprinkler Co. LLC., and Argus Fire Protection Company Ltd., among other companies. 

Key Developments: 

• • In 2020, Boyne Capital and Rapid Fire Protection Holdings acquired Aegis Fire Systems, a provider of end-to-end fire protection solutions including design, installation, and ongoing service of fire suppression systems to a variety of end markets including commercial office, mixed-use, multifamily residential, industrial and government. This acquisition is expected to enhance the product portfolio of the company and strengthen the geographical expansion in the San Francisco Bay Area and the Northern California market.
  • In 2019, Siemens AG launched Cerberus™ Cloud Apps, a suite of products that provides remote connectivity to fire protection systems. Cerberus™ Portal, Cerberus™ Test App, and Cerberus™ Tunnel allow service providers and building operators to monitor, service, and operate fire systems. Used on either a laptop, tablet or smartphone, these apps improve efficiency and productivity and reduce maintenance costs and time.
  • In 2019, ABB Ltd. launched an Alarm-Stick that integrates ABB’s smoke, heat and carbon monoxide (CO) detectors into [email protected] to provide ultimate security and control, both in the home and remotely. The solution consists of USB stick and the new detectors that are designed to offer fire protection for residential homes, and locations where carbon monoxide can be produced, including fire places, chimneys and waste gases.

The global fire protection systems market has been segmented on the basis of type, product, service, vertical, and region. Based on the type, the market has been segmented into active fire protection system and passive fire protection system. On the basis of product, the market has been segmented into fire suppression, fire response, fire sprinkler system, fire analysis, and fire detection. On the basis of service, the market has been segmented into maintenance services, managed services, engineering services, installation and design services, others. Based on the vertical, the market has been segmented into commercial, oil, gas, and mining, manufacturing, transportation & logistics, energy & power, residential, government, and others.

For detailed scope of the “Fire Protection Systems Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Fire Protection Systems market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Fire Protection Systems market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Fire Protection Systems market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various verticals of global Fire Protection Systems market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Product, By Service, By Vertical, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Johnson Controls International Plc, Honeywell International Inc., Siemens AG, Halma Plc, Robert Bosch GmbH, Napco Security Technologies, Inc., Hochiki Corporation, VFP Fire Systems, Inc., S&S Sprinkler Co. LLC., and Argus Fire Protection Company Ltd. among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Fire Protection Systems Market by Type

• • Active Fire Protection Systems
  • Passive Fire Protection Systems

Global Fire Protection Systems Market by Product

• • Fire Suppression
    • Fire Suppression Products
      • Fire Detectors and Control Panels
      • Fire Sprinklers, Nozzles, Caps, and Control Heads
      • Fire Suppressor Reagent
        • Chemical
          • Dry Chemical
          • Wet Chemical
        • Gaseous
          • Clean agent
          • Carbon Dioxide (Co2) Clean Agent Fire Suppression System
          • FM200 Clean Agent Fire Suppression
          • Other Clean Agent Fire Suppression Systems
        • Water
          • Water Mist
        • Foam
          • Foam Water
  • Fire Response
    • Emergency Lighting Systems
    • Voice Evacuation and Public Alert Systems
    • Secure Communication Systems
    • Fire Alarm Devices
  • Fire Sprinkler System
    • Wet
    • Dry
    • Pre-action
    • Deluge
    • Other Fire Sprinkler Systems
  • Fire Analysis
    • Fire Mapping And Analysis Software
    • Fire Modelling And Simulation Software
  • Fire Detection
    • Flame Detectors
      • Single IR (infrared)
      • Single ultraviolet (UV)
      • Dual UV/IR
      • Triple IR (IR3)
      • Multi IR
    • Smoke Detectors
      • Photoelectric
      • Ionization
      • Dual-Sensor Smoke Detectors
    • Heat Detectors

Global Fire Protection Systems Market by Service

• • Maintenance Services
  • Managed Services
  • Engineering Services
  • Installation and Design Services
  • Others

Global Fire Protection Systems Market by Vertical

• • Commercial
    • Academia and Institutional
    • Retail
    • Healthcare
    • Hospitality
    • Banking, Financial Services, and Insurance (BFSI)
  • Oil, Gas, and Mining
  • Manufacturing
  • Transportation & Logistics
  • Energy & Power
  • Residential
  • Government
  • Others

Global Fire Protection Systems Market by Region

• • North America Fire Protection Systems Market (Option 1: As a part of the free 25% customization)
    • North America Market by Type
    • North America Market by Product
    • North America Market by Service
    • North America Market by Vertical
    • US Market All-Up
    • Canada Market All-Up
  • Europe Fire Protection Systems Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Type
    • Europe Market by Product
    • Europe Market by Service
    • Europe Market by Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Fire Protection Systems Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Type
    • Asia-Pacific Market by Product
    • Asia-Pacific Market by Service
    • Asia-Pacific Market by Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Fire Protection Systems Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Type
    • RoW Market by Product
    • RoW Market by Service
    • RoW Market by Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Fire Protection Systems Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Johnson Controls International Plc
  • Honeywell International Inc.
  • Siemens AG
  • Halma Plc
  • Robert Bosch GmbH
  • Napco Security Technologies, Inc.
  • Hochiki Corporation
  • VFP Fire Systems, Inc.
  • S&S Sprinkler Co. LLC.
  • Argus Fire Protection Company Ltd.