All updated as on -
In 2022, the market size for fire protection systems was estimated at USD 69,403.9 million. During the projection period (2023 - 2030), the Fire Protection Systems market industry is anticipated to increase from USD 75,539.6 million in 2023 to USD 191,572.11 million, at a compound yearly growth rate (CAGR) of 13.3%.
No matter if the building is a hospital, educational facility, or a business infrastructure, a fire prevention system is an essential part of the safety strategy. Depending on the size, purpose, and style of the building's construction, different fire safety devices and systems are used. Fire hydrant systems, fire hose reels, automatic sprinkler systems, and fire extinguishers are a few of the popular fire protection devices on the market. Some systems may also be related to the building's smoke control, ventilation system, and stairwell pressurization systems depending on the type of building. Additionally, planning for fire protection requires an integrated strategy in which system designers must assess building components as a whole. However, systems must be maintained and updated to the most recent fire safety regulations in order for them to function correctly.
The increase in fire incidences has generated significant growth potential for the installation of these systems in residential and commercial settings. Since materials like crude oil, coal, petroleum, and flammable gases are widely used in industrial sectors like energy & power, manufacturing, and oil & gas, there is expected to be an increase in demand for fire suppression equipment, such as fire sprinklers, across all industrial verticals in the United States. Product demand is projected to be fueled by rising consumer spending power and a greater emphasis on upgrading the overall fire safety standard of the region's buildings by the government and regulatory bodies.
The regional market is expected to grow as a result throughout the course of the projected period. Additionally, the U.S. construction industry is expected to grow as a result of increased demand for contemporary sprinkler systems and expanding construction activity in the country. For instance, residential construction growth in the U.S. increased by 6.7% and total construction growth in the country increased by 8.8% in 2021, both of which will increase demand for the product. Fire suppression systems are governed by the NFPA, or National Fire Protection Association, established codes.
The market scenarios had shifted as a result of the COVID 19 outbreak. In the midst of the COVID-19 pandemic, promising signs are emerging, and the country's focus is gradually shifting toward helping businesses recover and kickstart the economy. In numerous regions of the nation, fire sprinkler contractors never stopped putting in long hours. However, as sites shuttered and financially strapped facilities prioritized other budgets, jobs elsewhere dried up. The fire sprinkler industry in the US was booming before COVID-19. For the first time ever, more than 25% of the fire sprinkler head shipments that NFSA tracked in 2019 were residential. In most significant metro areas, the sprinkler market expanded by double digits, with an overall growth of more than 6%.
Federal custodians, tenants, owners of private-sector buildings, and regional fire service organizations all contribute to fire safety. The goals of policies and laws, which vary from region to region, are to protect property and human life. The Australian Building Codes Board (ABCB), which is one example of this, is in charge of overseeing matters pertaining to safety, health, amenity, accessibility, and sustainability in buildings. In order to expand the current deemed-to-satisfy (DTS) provisions for sprinkler protection to medium-rise multistorey residential buildings, ABCB is collaborating with Fire and Rescue New South Wales (FRNSW), the Australasian Fire and Emergency Services Authorities Council (AFAC), and the Fire Protection Association of Australia (FPAA).
Similar to this, the Act on the Indemnification for Fire-caused Loss and the Purchase of Insurance Policies, a fire prevention law, led to the creation of the Korean Fire Protection Association in 2011. For particular structures such manufacturing plants, educational facilities, schools, and public sites, this association offers fire safety inspection and advisory services. The majority of industrialized economies' governments offer financial assistance for the installation and upkeep of smoke detectors and other fire safety devices in residential and commercial structures.
Smoke detectors and other fire detection devices have the problem of false alarms. For instance, a smoke detector placed in or close to a kitchen may sound a bothersome alarm when using kitchen appliances as usual. Heat detectors are made to sound when the heat on their sensors rises at a certain rate or reaches a predetermined level but do not detect combustion particles. Such elements may prevent fire alarm systems from warning people.
Report Coverage
Global Fire Suppression System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fire Suppression System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fire Suppression System competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fire Suppression System market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fire Suppression System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fire Suppression System market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Honeywell International Inc. (US), Siemens AG (Germany), Johnson Controls International PLC (Ireland), United Technologies Corporation (US), Robert Bosch GmbH (Germany), Hochiki Corporation (Japan), Halma PLC (UK), Minimax Viking GmbH (Germany), Gentex Corporation (US), Securiton AG (Switzerland), Encore Fire Protection (US), Sterling Safety Systems, Fire Suppression Ltd (UK), Napco Security Technologies, Inc. (US), and Others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Fire Suppression System market based on the below-mentioned segments:
Global Fire Suppression System Market, By Type
Active Fire Protection Systems
Passive Fire Protection Systems
Global Fire Suppression System market, By Services
Installation and Design Services
Maintenance Services
Managed Services
Global Fire Suppression System Market, By Vertical
Commercial
Residential
Manufacturing
Transportation & Logistics
Energy & Power
Government
Oil & Gas
Others
Global Fire Suppression System market, Regional Analysis
No matter if the building is a hospital, educational facility, or a business infrastructure, a fire prevention system is an essential part of the safety strategy. Depending on the size, purpose, and style of the building's construction, different fire safety devices and systems are used. Fire hydrant systems, fire hose reels, automatic sprinkler systems, and fire extinguishers are a few of the popular fire protection devices on the market. Some systems may also be related to the building's smoke control, ventilation system, and stairwell pressurization systems depending on the type of building. Additionally, planning for fire protection requires an integrated strategy in which system designers must assess building components as a whole. However, systems must be maintained and updated to the most recent fire safety regulations in order for them to function correctly.
The increase in fire incidences has generated significant growth potential for the installation of these systems in residential and commercial settings. Since materials like crude oil, coal, petroleum, and flammable gases are widely used in industrial sectors like energy & power, manufacturing, and oil & gas, there is expected to be an increase in demand for fire suppression equipment, such as fire sprinklers, across all industrial verticals in the United States. Product demand is projected to be fueled by rising consumer spending power and a greater emphasis on upgrading the overall fire safety standard of the region's buildings by the government and regulatory bodies.
The regional market is expected to grow as a result throughout the course of the projected period. Additionally, the U.S. construction industry is expected to grow as a result of increased demand for contemporary sprinkler systems and expanding construction activity in the country. For instance, residential construction growth in the U.S. increased by 6.7% and total construction growth in the country increased by 8.8% in 2021, both of which will increase demand for the product. Fire suppression systems are governed by the NFPA, or National Fire Protection Association, established codes.
The market scenarios had shifted as a result of the COVID 19 outbreak. In the midst of the COVID-19 pandemic, promising signs are emerging, and the country's focus is gradually shifting toward helping businesses recover and kickstart the economy. In numerous regions of the nation, fire sprinkler contractors never stopped putting in long hours. However, as sites shuttered and financially strapped facilities prioritized other budgets, jobs elsewhere dried up. The fire sprinkler industry in the US was booming before COVID-19. For the first time ever, more than 25% of the fire sprinkler head shipments that NFSA tracked in 2019 were residential. In most significant metro areas, the sprinkler market expanded by double digits, with an overall growth of more than 6%.
Federal custodians, tenants, owners of private-sector buildings, and regional fire service organizations all contribute to fire safety. The goals of policies and laws, which vary from region to region, are to protect property and human life. The Australian Building Codes Board (ABCB), which is one example of this, is in charge of overseeing matters pertaining to safety, health, amenity, accessibility, and sustainability in buildings. In order to expand the current deemed-to-satisfy (DTS) provisions for sprinkler protection to medium-rise multistorey residential buildings, ABCB is collaborating with Fire and Rescue New South Wales (FRNSW), the Australasian Fire and Emergency Services Authorities Council (AFAC), and the Fire Protection Association of Australia (FPAA).
Similar to this, the Act on the Indemnification for Fire-caused Loss and the Purchase of Insurance Policies, a fire prevention law, led to the creation of the Korean Fire Protection Association in 2011. For particular structures such manufacturing plants, educational facilities, schools, and public sites, this association offers fire safety inspection and advisory services. The majority of industrialized economies' governments offer financial assistance for the installation and upkeep of smoke detectors and other fire safety devices in residential and commercial structures.
Smoke detectors and other fire detection devices have the problem of false alarms. For instance, a smoke detector placed in or close to a kitchen may sound a bothersome alarm when using kitchen appliances as usual. Heat detectors are made to sound when the heat on their sensors rises at a certain rate or reaches a predetermined level but do not detect combustion particles. Such elements may prevent fire alarm systems from warning people.
Report Coverage
Global Fire Suppression System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fire Suppression System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fire Suppression System competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fire Suppression System market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Honeywell International Inc. (US), Siemens AG (Germany), Johnson Controls International PLC (Ireland), United Technologies Corporation (US), Robert Bosch GmbH (Germany), Hochiki Corporation (Japan), Halma PLC (UK), Minimax Viking GmbH (Germany), Gentex Corporation (US), Securiton AG (Switzerland), Encore Fire Protection (US), Sterling Safety Systems, Fire Suppression Ltd (UK), Napco Security Technologies, Inc. (US), and Others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Fire Suppression System Market from 2021 to 2030.
- Market Forecast for Fire Suppression System Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Fire Suppression System competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Fire Suppression System
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fire Suppression System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fire Suppression System market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Honeywell International Inc. (US), Siemens AG (Germany), Johnson Controls International PLC (Ireland), United Technologies Corporation (US), Robert Bosch GmbH (Germany), Hochiki Corporation (Japan), Halma PLC (UK), Minimax Viking GmbH (Germany), Gentex Corporation (US), Securiton AG (Switzerland), Encore Fire Protection (US), Sterling Safety Systems, Fire Suppression Ltd (UK), Napco Security Technologies, Inc. (US), and Others.
Primary Target Market
- Market Players of Fire Suppression System
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Fire Suppression System market based on the below-mentioned segments:
Global Fire Suppression System Market, By Type
Active Fire Protection Systems
Passive Fire Protection Systems
Global Fire Suppression System market, By Services
Installation and Design Services
Maintenance Services
Managed Services
Global Fire Suppression System Market, By Vertical
Commercial
Residential
Manufacturing
Transportation & Logistics
Energy & Power
Government
Oil & Gas
Others
Global Fire Suppression System market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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