The global Fire Protection Systems market is expected to rise at a significant rate in the forthcoming years. The high rate of modernization and technological growth in the construction sector are some of the major factors that are estimated to enhance the overall development of the global Fire Protection Systems market in the coming years. Further, a substantial rise in the number of deaths and the increasing cases of property loss due to fire breakouts are projected to fuel the growth of the market in the forthcoming years.
Additionally, the strict government rules and regulations and huge development in the wireless technologies for the fire detection systems are further estimated to support the growth of the overall market over the forecast period. Moreover, the rising trend of using the Internet of Things and Big Data for security reasons in several accidental cases particularly fire accidents is anticipated to aid in the expansion of the global fire protection systems market progressively.
However, the high cost of maintenance and the high cost of installations of fire protection systems are projected to hamper the market’s growth in the near future. Besides, the unexpected failure of the fire alarm systems is projected to further restrain the growth of the overall market in the coming years.
Covid-19 Impact on Fire Protection Systems Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Fire Protection Systems Market Segment Overview
Based on Product, the Fire Detection segment accounted for the largest share of the global Fire Protection Systems in 2020. A fire detection system comprises several devices working collectively, which help detect and warn people through video and audio equipment during an incident involving smoke, carbon monoxide, fire, or other emergencies. In addition, regulatory requirements by many organizations, such as the National Fire Protection Association by the United States and the Building Code Australia, have mandated the installation of fire detection systems, hence boosting the demand for these systems.
According to Service, the Installation and Design Service segment has the largest share of the market in 2020. Installation and design services refer to the practice of outsourcing the solution for design, development, upgrades documentation and installing processes of the fire protection system. Additionally, installation and design services are progressively preferred owing to the subject-matter expertise offered by vendors. This key fact boosting the demand for installation and design services in the market.
Fire Protection Systems Market, By Product
· Fire Detection
· Fire Suppression
· Fire Response
· Fire Analysis
· Fire Sprinkler System
Fire Protection Systems Market, By Service
· Managed Service
· Installation and Design Service
· Maintenance Service
· Others
Fire Protection Systems Market, By Application
· Commercial
· Industrial
· Residential
Fire Protection Systems Market Regional Overview
In terms of region, North America is estimated to account for a maximum share of the fire protection systems market and will continue its dominance throughout the forecast period. The vastly rising investments in the oil and gas industry and the increasing demand from Canada and the U.S. are anticipated to support the growth of the market of this region in the coming years. Likewise, the Asia Pacific market for fire protection systems is estimated to grow at a healthy pace in the coming years. This is because of the rising number of exploration activities.
Fire Protection Systems Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Fire Protection Systems Market, Key Players
· Fike Corporation
· Consilium AB Publ.
· Gielle Srl
· 3M
· Emerson Electric Co.
· Danfoss Semco A/S
· Johnson Controls plc
· Drägerwerk AG & Co. KGaA
· KEVTA Fire Systems, Inc.
· Blaze Manufacturing Solutions Ltd.
· Deluge Offshore & Marine Pte Ltd.
· Honeywell International, Inc.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Fire Protection Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Fire Detection
- 5.2.2. Fire Suppression
- 5.2.3. Fire Response
- 5.2.4. Fire Analysis
- 5.2.5. Fire Sprinkler System
- 5.3. Market Analysis, Insights and Forecast – By Service
- 5.3.1. Managed Service
- 5.3.2. Installation and Design Service
- 5.3.3. Maintenance Service
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Commercial
- 5.4.2. Industrial
- 5.4.3. Residential
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Fire Protection Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Fire Detection
- 6.2.2. Fire Suppression
- 6.2.3. Fire Response
- 6.2.4. Fire Analysis
- 6.2.5. Fire Sprinkler System
- 6.3. Market Analysis, Insights and Forecast – By Service
- 6.3.1. Managed Service
- 6.3.2. Installation and Design Service
- 6.3.3. Maintenance Service
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Commercial
- 6.4.2. Industrial
- 6.4.3. Residential
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Fire Protection Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Fire Detection
- 7.2.2. Fire Suppression
- 7.2.3. Fire Response
- 7.2.4. Fire Analysis
- 7.2.5. Fire Sprinkler System
- 7.3. Market Analysis, Insights and Forecast – By Service
- 7.3.1. Managed Service
- 7.3.2. Installation and Design Service
- 7.3.3. Maintenance Service
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Commercial
- 7.4.2. Industrial
- 7.4.3. Residential
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Fire Protection Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Fire Detection
- 8.2.2. Fire Suppression
- 8.2.3. Fire Response
- 8.2.4. Fire Analysis
- 8.2.5. Fire Sprinkler System
- 8.3. Market Analysis, Insights and Forecast – By Service
- 8.3.1. Managed Service
- 8.3.2. Installation and Design Service
- 8.3.3. Maintenance Service
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Commercial
- 8.4.2. Industrial
- 8.4.3. Residential
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Fire Protection Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Fire Detection
- 9.2.2. Fire Suppression
- 9.2.3. Fire Response
- 9.2.4. Fire Analysis
- 9.2.5. Fire Sprinkler System
- 9.3. Market Analysis, Insights and Forecast – By Service
- 9.3.1. Managed Service
- 9.3.2. Installation and Design Service
- 9.3.3. Maintenance Service
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Commercial
- 9.4.2. Industrial
- 9.4.3. Residential
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Fike Corporation
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Consilium AB Publ.
- 10.6. Gielle Srl
- 10.7. 3M
- 10.8. Emerson Electric Co.
- 10.9. Danfoss Semco A/S
- 10.10. Johnson Controls plc
- 10.11. Drägerwerk AG & Co. KGaA
- 10.12. KEVTA Fire Systems, Inc.
- 10.13. Blaze Manufacturing Solutions Ltd.
- 10.14. Deluge Offshore & Marine Pte Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
