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Fire Protection System Market

Fire Protection System Market Size, Share & Segment By Type (Passive Fire Protection Systems, Active Fire Protection Systems) By Product (Fire Suppression, Fire Sprinkler System, Fire Detection, Fire Response, Fire Analysis) By Service (Maintenance Services, Engineering Services, Managed Services, Installation And Design Services, Other) By Vertical (Commercial, Residential, Industrial), By Regions And Global Forecast 2023-2030

Report Id: SNS/SEMI/2269 | July 2022 | Region: Global | 127 Pages

Report Scope & Overview:

Fire Protection System Market Size was valued at USD 75.36 billion in 2022, and is expected to reach USD 120.1 billion by 2030, and grow at a CAGR of 6.6% over the forecast period 2023-2030.

A fire protection system is a certified product that was developed in accordance with the standards established by government authorities and regulatory bodies in order to control fire outbreaks. This system includes flame detectors and smoke control devices to help in the event of a fire. Alarm valves and sprinkler systems are two common types of fire protection systems. These systems were developed to detect and respond to fires, smoke, and flames. In comparison to the traditional heat or smoke devices used in the past, the introduction of fire protection systems has aided in responding to fires more quickly and accurately. Furthermore, when installed in commercial buildings, fire sensors and detectors serve as an ideal and cost-effective safety measure.

Fire Protection System Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Wireless technology is becoming more widely used in fire detection.

  • Increased human and property loss as a result of fire outbreaks.

  • Construction industry expansion.

RESTRAINTS:

  • Fears about false alarms and detection failure.

  • High installation and maintenance costs for fire protection systems.

  • The cost of upgrading traditional fire detectors to smart detectors is prohibitively expensive.

OPPORTUNITIES:

  • Regulatory compliance is reviewed on a regular basis.

  • Water mist systems are becoming more popular.

  • IoT and big data integration for smoke detectors

CHALLENGES: 

  • User interface integration with fire protection solutions

IMPACT OF COVID-19: 

Following the outbreak of COVID-19, the growth of the fire protection system and consumer demand for fire protection systems declined in 2020, as component manufacturing was reduced due to the shutdown of the majority of fire protection system product manufacturing facilities globally. The COVID-19 outbreak caused significant product supply disruption in 2020, as the majority of manufacturing facilities were shut down. Demand for fire protection systems from various verticals, such as commercial and residential, was impacted globally as many projects were halted and were expected to restart at a slower rate following the COVID-19 crisis or by the end of FY 2021.

Based on Product, the fire protection system market is segmented into Fire Suppression, Fire Sprinkler System, Fire Detection, Fire Response and Fire Analysis.  The growing need for fire analysis, which aids in making proper decisions during fire prevention, can be attributed to the segment's growth. Fire modelling and simulation software, as well as fire mapping and analysis software, are frequently used in fire analysis. It is an important component of a fire protection system because it allows for informed decision-making, which leads to maximum efficiency.

Based on Service, the fire protection system market is segmented into Maintenance Services, Engineering Services, Managed Services, Installation and Design Services and Other. The maintenance services segment is expected to grow at the fastest rate. Fire protection systems are critical for detecting and alerting people in the event of a fire or smoke; however, any flaw in the system can result in accidents and asset losses. As a result, regular maintenance is required to reduce the risk of failure and extend the system's life. Maintenance service includes auditing and servicing fire protection equipment on a regular basis to ensure that fire protection systems meet all essential fire safety standards during an emergency.

Based on Vertical, the fire protection system market is segmented into Commercial, Residential and Industrial. The industrial application segment is expected to grow at the fastest rate. Oil and gas, mining, energy and power, and manufacturing are all examples of industrial applications. The need to protect automated systems from fires is expected to fuel the segment's growth. Furthermore, in the fire-prone sector, the emphasis is on installing complete proof protection and prevention systems in industries, as well as strict government regulations. This is expected to fuel the industrial segment even more.

COMPETITIVE LANDSCAPE:

The key players in the fire protection market are Gentex Corporation, Halma, Honeywell International, Minimax Viking, Securiton, Raytheon Technologies, Hochiki Corporation, Johnson Controls International, Robert Bosch and Siemens.

MARKET SEGMENTATION:

BY TYPE

  • Passive Fire Protection Systems

  • Active Fire Protection Systems

BY PRODUCT

  • Fire Suppression

  • Fire Sprinkler System

  • Fire Detection

  • Fire Response

  • Fire Analysis

BY SERVICE

  • Maintenance Services

  • Engineering Services

  • Managed Services

  • Installation and Design Services

  • Other

BY VERTICAL

  • Commercial

  • Residential

  • Industrial

Fire Protection System Market Segment Pie Chart

REGIONAL ANALYSIS:

During the forecasted period 2022-2028, APAC is expected to be the fastest-growing market for fire protection systems. Growing urbanization has increased construction activity, which is helping to drive market growth in this region. APAC is a developing region, with China, Japan, and South Korea propelling the region's overall growth in the fire protection system sector. The demand for fire protection systems is expected to rise as technology and the economy advance. Furthermore, the region's growing urbanization has increased construction activity, which has contributed significantly to the growth of the fire protection system sector. Governments in this region have established fire safety standards, and the fire protection system market is expected to expand as these policies are implemented.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Fire Protection System Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 75.36 Billion
Market Size by 2030 US$ 120 Billion
CAGR CAGR of 6.6% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Passive Fire Protection Systems, Active Fire Protection Systems)
• By Product (Fire Suppression, Fire Sprinkler System, Fire Detection, Fire Response, Fire Analysis)
• By Service (Maintenance Services, Engineering Services, Managed Services, Installation And Design Services, Other)
• By Vertical (Commercial, Residential, Industrial)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Gentex Corporation, Halma, Honeywell International, Minimax Viking, Securiton, Raytheon Technologies, Hochiki Corporation, Johnson Controls International, Robert Bosch and Siemens.
Key Drivers • Wireless technology is becoming more widely used in fire detection.
• Increased human and property loss as a result of fire outbreaks.
• Construction industry expansion.
Restraints • Fears about false alarms and detection failure.
• High installation and maintenance costs for fire protection systems.


Frequently Asked Questions (FAQ) :

The Fire Protection System Market size was valued at 71.1 billion in 2021 at a CAGR of 6.6%.

The market value is expected to reach USD 111.2 billion by 2028.

The market has been segmented with respect to type, product, service and vertical.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Fire Protection System Market Segmentation, by type

8.1Introduction

8.2 Passive Fire Protection Systems

8.3 Active Fire Protection Systems

 

9. Fire Protection System Market Segmentation, by product

9.1Introduction

9.2 Fire Suppression

9.3 Fire Sprinkler System

9.4 Fire Detection

9.5 Fire Response

9.6 Fire Analysis

 

10. Fire Protection System Market Segmentation, by service

10.1 Introduction

10.2 Maintenance Services

10.3 Engineering Services

10.4 Managed Services

10.5 Installation and Design Services

10.6 Other

 

11. Fire Protection System Market Segmentation, by vertical

11.1 Introduction

11.2 Commercial

11.3 Residential

11.4 Industrial

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13.Company Profiles

13.1 Johnson Controls International

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Gentex Corporation

13.3 Halma

13.4 Honeywell International

13.5 Minimax Viking

13.6 Securiton

13.7 Raytheon Technologies

13.8 Hochiki Corporation

13.9 Robert Bosch

13.10 Siemens

 

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15.Conclusion

 

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Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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