About Fire Suppression
The global fire suppression market is witnessing a positive growth due to the increase in demand from residential and non-residential end-users. Fire suppression products can be segmented into fire extinguishers and fire sprinklers. The market is witnessing demand due to several factors like stringent safety regulations that are deployed by governments across regions such as EMEA, APAC, and the Americas. There are several factors concerning fire disasters witnessed throughout countries, which drive the implementation of certain fire safety measures.
Technavio’s analysts forecast the global fire suppression market to grow at a CAGR of 10.16% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global fire suppression market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of fire suppression products.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fire Suppression Market 2017-2021
Technavio recognizes the following companies as the key players in the global fire suppression market: yco Fire Protection, Minimax, Amerex, and BRK
Other Prominent Vendors in the market are: ANAF, Buckeye Fire Equipment, Britannia Fire, Cosco Fire Protection, Douze It, Fire Fighter Industry, Globe Fire Sprinkler, Hochiki, Kidde, NAFFCO, Reliable Fire Sprinklers, Safex Fire, Strike First, and United Technologies
Commenting on the report, an analyst from Technavio’s team said: “Rising consumer awareness about fire safety and mandatory building safety codes are likely to drive the growth of the automated fire suppression systems market. Along with the increasing awareness about sophisticated fire safety products, there is rise in demand for advanced technologies related to the automation of fire safety systems. The automation process is likely to get simpler due to the construction of smart cities with wireless sensory networks. The rise in demand for highly efficient centralized fire suppression systems with advanced sensors and detectors that are connected through LAN/WAN networks is expected to boost market growth. Thus, the most widely used fire suppression systems are fire sprinkler systems, condensed aerosol fire suppression systems, and gaseous fire suppression systems.”
According to the report, the implementation of stringent fire safety regulations across developed regions like North America and Western Europe will contribute to market growth. Awareness initiatives by the federal governments across different regions will encourage fire prevention measures.
Further, the report states that fire suppression products necessitate continuous training and awareness programs, which poses a challenge for various industries. On a global level, about 90% of all fire-related incidents can be controlled if the correct fire suppression system is deployed in the process. Fire suppression products require training on their use in various classes of fires. Depending on the source of the fire, a particular type of extinguishers must be used. Therefore, it is important to know the different types of fire to deploy fire suppression products adequately.
yco Fire Protection, Minimax, Amerex, BRK, ANAF, Buckeye Fire Equipment, Britannia Fire, Cosco Fire Protection, Douze It, Fire Fighter Industry, Globe Fire Sprinkler, Hochiki, Kidde, NAFFCO, Reliable Fire Sprinklers, Safex Fire, Strike First, United Technologies.
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