Global Market for Fire Protection System is Anticipated to grow at a Significant Pace i.e., USD 85.4 Billion during the Forecast Period 2021-2027

Published Date: Apr, 2022

The global fire protection system market is anticipated to grow at a 6.5% CAGR during the forecast period 2021-2027. A fire protection system is one of the vital systems that is installed in any building or establishment to control, detect, and safeguard people from fire hazards in a building or an establishment. Because of the growing urban population and the need to safeguard lives and the environment from fire accidents, the need for fire protection systems is expected to increase. The implementation of strict regulations in installing fire protection systems in residential and commercial buildings worldwide, increased awareness about fire safety, rising number of property damage owing to fire accidents, and high adoption of wireless technology will boost the development of the fire protection system industry during the analysis period. Nevertheless, the new construction in residential and non-residential properties will create new avenues of growth in the fire protection system market.

In August 2021, Ramtech, a provider of wireless safety and security systems in the United Kingdom, has been acquired by Halma. Ramtech will join the Halma plc portfolio, which includes many companies in the safety and fire detection areas.

The COVID-19 outbreak has led to declining demand for fire protection systems in 2020 owing to the temporary shutdown of manufacturing facilities globally, disruption in the supply chain, and reduced demand for several industry verticals like commercial and residential as various projects were halted amidst the crisis.

Browse 53 market data Tables and 35 Figures spread through 250 Pages and in-depth TOC on " Fire Protection System Market by Product (Fire Suppression (Chemical, Water, Gaseous, and Foam), Fire Response(Emergency Lighting Systems, Voice Evacuation and Public Alert Systems, Secure Communication Systems, and Fire Alarm Devices), Fire Sprinkler System (Wet, Dry, Pre-Action, Deluge, and Others), Fire Analysis (Fire Mapping and Analysis Software and Fire Modeling and Simulation Software), and Fire Detection(Flame Detectors, Smoke Detectors, and Heat Detectors)), by Service (Maintenance Services, Managed Services, Engineering Services, Installation and Design Services, and Other Services), by Vertical (Residential, Commercial (Retail, Healthcare, Hospitality, BFSI, Academia and Institutional, and Others), and Industrial (Manufacturing, Energy & Power, Oil, Gas and Mining, and Others)), and Region - Global Forecast to 2027"

By product, the fire analysis segment is anticipated to have a high CAGR during the forecast period.

Based on product, the global fire protection system industry is segmented into fire suppression, fire response, fire sprinkler system, fire analysis, and fire detection. The fire analysis is anticipated to have a high CAGR during the forecast period owing to the rising need for fire analysis to make proper decisions about fire outbreaks and steps to control fire. Fire modeling and simulation software, as well as fire mapping and analysis software, are extensively used in fire analysis. It's an important aspect of a fire-protection system since it allows for informed decision-making, which leads to optimal efficiency.

Global Fire Protection System Market Segmentation Analysis

Segment

Categorization

Leading Category

Product

 Fire Suppression (Chemical, Water, Gaseous, and Foam), Fire Response (Emergency Lighting Systems, Voice Evacuation and Public Alert Systems, Secure Communication Systems, and Fire Alarm Devices), Fire Sprinkler System (Wet, Dry, Pre-Action, Deluge, and Others), Fire Analysis (Fire Mapping and Analysis Software and Fire Modeling and Simulation Software), and Fire Detection (Flame Detectors, Smoke Detectors, and Heat Detectors)

Fire Suppression (Largest)

Fire Analysis

 (High CAGR)

Service

Maintenance Services, Managed Services, Engineering Services, Installation and Design Services, and Other Services

Maintenance Services (High CAGR)

Vertical

Residential, Commercial (Retail, Healthcare, Hospitality, BFSI, Academia and Institutional, and Others), and Industrial (Manufacturing, Energy & Power, Oil, Gas and Mining, and Others)

Commercial (Largest)

Industrial (High CAGR)

 

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America

(Largest)

Asia-Pacific (Fastest)

 

Discover More About This Report, Download A Free Sample Copy of the Global Fire Protection System Market

“North America contributes the largest share in the fire protection system market.”

North America is anticipated to contribute the largest share in the global fire protection system industry owing to significant investments in the oil & gas industry, increased demand for smart buildings and intelligent houses to offer optimum safety and security, and rising demand from Canada and the US will accelerate the advancement in the region.

Some of the major players in the global Fire Protection System market include Johnson Controls, Carrier, Honeywell International, Siemens, Halma, Bosch Sicherheitssysteme GmbH, Hochiki Europe, LLC, GENTEX CORPORATION, Minimax Viking, and Securiton.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Product, Service, Vertical, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Johnson Controls, Carrier, Honeywell International, Siemens, Halma, Bosch Sicherheitssysteme GmbH, Hochiki Europe, LLC, GENTEX CORPORATION, Minimax Viking, and Securiton

Global Fire Protection System Market Coverage

Product Insight and Forecast 2015-2027

  • Fire Suppression
    • Chemical
    • Water
    • Gaseous
    • Foam
  • 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
    • Others
  • Fire Analysis
    • Fire Mapping and Analysis Software
    • Fire Modeling and Simulation Software
  • Fire Detection
    • Flame Detectors
    • Smoke Detectors
    • Heat Detectors

Service Insight and Forecast 2015-2027

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

Vertical Insight and Forecast 2015-2027

  • Residential
  • Commercial
    • Retail
    • Healthcare
    • Hospitality
    • BFSI
    • Academia and Institutional
    • Others
  • Industrial
    • Manufacturing
    • Energy & Power
    • Oil, Gas and Mining
    • Others

Geographical Segmentation

Fire Protection System Market by Region

North America

  • By Product
  • By Service
  • By Vertical
  • By Country – U.S., Canada, and Mexico

Europe

  • By Product
  • By Service
  • By Vertical
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Product
  • By Service
  • By Vertical
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Product
  • By Service
  • By Vertical
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries