Global Fire Suppression System Market is projected to reach a value of over USD 39.2 billion by 2027
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 Features
Specifics
Historical/Estimated/Forecasted Market Size Years
2019–2027
Base Year for Market Calculation
2020
Forecasted Period
2021–2027 (2021 estimated year, forecasted up to 2027)
Measured Units
Value (USD Million)
Segments Included
Type, Technology, End Use Industry, and Region
Regional Coverage
North 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
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