COVID Update: Fire Suppression System Market is projected to reach a value of over USD 39.2 billion by 2027 at a CAGR of around 6.6%

Fire Suppression System Market: Summary

The Global Fire Suppression System Market is projected to reach a value of over USD 39.2 billion by 2027 at a CAGR of around 6.6%.

Fire suppression system is a group of units which are built to extinguish fires through the application of a substance. moreover, the fire suppression system has built-in components that detects fires at early stages through smoke, heat, and other warning signals. This system is then attached to alarm system to alert when fire has been detected. In current scenario, may fire suppression will automatically release the application of external substance for fire detection. However, some fire suppression systems have manual application release.

Fire Suppression System Market: Drivers & Opportunity

Market Driver:

  • Increasing Damage to Human Life by Fire Accidents

In current scenario, the increasing car fire, building fires, electricity fire, industrial fire is damaging the human spaces and human life. According to Institute for Health Metrics and Evaluation, Heat-related incidents resulted in nearly 9 million injuries and more than 120,000 deaths worldwide in 2017. Hence, to save human lives and accidents, many global players are developing advanced and automated fire suppression systems and get approved from government. Hence fire accidents will have expected to drive the fire suppression system market during forecast period.

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Market Opportunity:

  • Adoption of New Technologies and Innovations in Fire Protection System

In current scenario, the key players in the fire suppression system market are continuously developing new products and investing more revenue in research, development, and innovation. The companies and government, and many end user industries are currently focused on buying advanced fire suppression systems such as Advanced smoke detection for homeowners, Video detection of smoke/flames, Integrated voice evacuation, and Water mist suppression systems. These latest technologies will create more opportunities for the market during growth period.

Fire Suppression System Market: Key Segments

  • Segmentation based on component: Fire Suppression Products, Software, and Services
  • Segmentation based on end use industry: Residential and Industrial (Oil & Gas, Manufacturing, Chemical, Mining, Energy & Power, IT & Telecommunication, Military & Defense, Logistics & Transportation, and Others)
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

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Fire Suppression System Market: Report Scope

The report on the fire suppression system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2019–2027Base Year for Market Calculation2020Forecasted Period2021–2027 (2021 estimated year, forecasted up to 2027)Measured UnitsValue (USD Million)Segments IncludedType, Technology, End Use Industry, and RegionRegional CoverageNorth America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • Johnson Controls (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Amerex Corporation
  • Marioff, a Carrier Company
  • National Fire Equipment Ltd
  • Bosch Sicherheitssysteme GmbH
  • Siemens
  • Halma
  • Honeywell
  • Semco Maritime A/S
  • KNOWSLEY SK
  • Koetter Fire Protection LLC
  • Napco Security Technologies, Inc.
  • Minimax Viking Group
  • Reacton Fire Suppression Limited
  • Other Key Companies

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Fire Suppression System Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Fire Suppression System Market, by Component

  • Fire Suppression Products
  • Fire Sprinklers
  • Fire Extinguishers
  • Chemicals
  • Dry Chemical
  • Wet Chemical
  • Foam
  • Others
  • Gaseous
  • CO2
  • Clean Agent
  • Fire Detectors & Control Panels
  • Software
  • Services
  • Inspection & Maintainance Services
  • Installation Services
  • Training Services

Fire Suppression System Market, by End Use Industry

  • Residential
  • Industrial
  • Oil & Gas
  • Manufacturing
  • Chemical
  • Mining
  • Energy & Power
  • IT & Telecommunication
  • Military & Defense
  • Logistics & Transportation
  • Others

Fire Suppression System Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • Taiwan
  • South Korea
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Switzerland
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL FIRE SUPPRESSION SYSTEMS MARKET BY COMPONENT, Market Size in USD Million (2019–2027)

7 GLOBAL FIRE SUPPRESSION SYSTEMS MARKET BY END USE INDUSTRY, Market Size in USD Million (2019–2027)

8 GLOBAL FIRE SUPPRESSION SYSTEMS MARKET BY REGION, Market Size in USD Million (2019–2027)

9 Competitive Landscape

10 Company Profiles

11 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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