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Fire Protection System Market by Product (Fire Detection (Flame, Smoke (Photoelectric, Ionization, Dual), Heat), Fire Suppression, Fire Sprinkler (Dry, Wet, Pre-Action, Deluge), Fire Analysis, Fire Response), Service, Vertical - Global Forecast to 2024

Fire Protection System Market by Product (Fire Detection (Flame, Smoke (Photoelectric, Ionization, Dual), Heat), Fire Suppression, Fire Sprinkler (Dry, Wet, Pre-Action, Deluge), Fire Analysis, Fire Response), Service, Vertical - Global Forecast to 2024

Fire protection system market to witness significant growth during 2018-2024
The fire protection system market is expected to grow from USD 57.33 billion in 2018 to USD 88.94 billion by 2024, at a CAGR of 7.6% from 2018 to 2024. The growth of the market is fueled by rise in deaths and loss of property due to fire breakouts, stringent government regulations and mandates, rising demand for wireless technologies for fire detection, and technological advancements in the construction industry. However, unexpected failure of fire alarm systems, high installation and maintenance costs of fire protection systems, and high costs involved in replacing traditional fire detectors with smart detectors are hindering the growth of the market.

Market for smoke detectors to grow at highest CAGR during forecast period
Fire detectors are available for residential, commercial, and industrial use. Fire detection systems are permanently installed manual and automatic systems to detect fires at an early stage and quickly inform the relevant emergency service. Fire detection products such as flame detectors, smoke detectors, and heat detectors alert the occupants through alarms, as well as trigger automatic fire extinguishers such as sprinklers. Smoke detectors are designed to provide early warning of a potential fire, involving ordinary combustible materials. The installation of smoke detectors in buildings to identify fires has been in practice much before that of flame and heat detectors. Fire creates smoke that spreads faster than the actual fire; therefore, smoke detectors can detect fire, trigger fire alarms, and warn occupants about the fire.

Market for fire analysis to grow at high CAGR during forecast period
The market for fire analysis is expected to witness significant growth during the forecast period. Fire analysis is an important part of fire protection, which facilitates informed decisions that lead to maximum efficiency. Fire analysis uses fire mapping and analysis software, and fire modeling and simulation software. Fire mapping and analysis software provides an interactive map display with a real-time system for decision makers to efficiently and quickly make decisions during fire-related situations. Moreover, with increasing need for sophisticated fire analysis, which helps in proper decision-making and fire prevention, the need for fire analysis software is expected to grow during the forecast period.

Market for oil, gas, and mining vertical to grow at high CAGR during forecast period
The fire protection system market for the oil, gas, and mining vertical is expected to grow at a high CAGR from 2018 to 2024. In the oil, gas, and mining vertical, flammable and combustible materials such as petroleum, crude oil, flammable gases (such as butane), and coal are used. These materials are susceptible to fire; therefore, to avoid fire accidents, advanced fire protection systems are installed in this vertical. Additionally, high-quality fire protection is an integral part of responsible risk management strategies; oil & gas facilities require the best fire protection systems available in the market.

Market in APAC to grow at highest CAGR during forecast period
The fire protection system market in APAC is expected to grow at the highest CAGR from 2018 to 2024 owing to rapid industrialization in emerging economies such as China and India. New construction and real estate projects are driving the demand for fire protection systems and equipment. The government in this region is expected to come up with strict laws and regulations that would make the installation of fire protection systems mandatory in buildings. These factors are fueling the growth of the fire protection system market in this region. Also, growing urbanization has increased construction activities, contributing significantly to the growth of the fire protection system market in APAC.

The breakup of the profiles of primary participants for the report has been given below:
By Company Type: Tier 1 = 45%, Tier 2 = 35%, and Tier 3 = 20%
By Designation: C-Level Executives = 43%, Directors = 32%, and Others = 25%
By Region: North America =33%, Europe = 30%, APAC = 26%, and RoW = 11%

Key players in the fire protection system market are Johnson Controls (Ireland), United Technologies (UTC, US), Honeywell (US), Siemens (Germany), Halma (UK), Robert Bosch (Germany), Hochiki (Japan), Minimax Viking (Germany), Gentex (US), and Securiton AG (Switzerland). Other players operating in the fire protection system market are Encore Fire Protection (US), Sterling Safety Systems (UK), Fire Suppression Limited (UK), Schrack Seconet AG (Austria), Napco security technologies (US), and VFP Fire Systems (US).

Research Coverage:
This research report covers the fire protection system market by product (fire detection, fire suppression, fire sprinkler, fire analysis, and fire response), service (engineering, installation and design, maintenance, and managed), and vertical (commercial; residential; energy & power; government; manufacturing; oil, gas, and mining; and transportation & logistics). The report covers the fire protection system market in 4 major regions—North America, Europe, APAC, and RoW.

Key Benefits of Buying This Report:
Illustrative segmentation, analyses, and forecasts for the market by product, service, vertical, and region have been provided in the report.
Value chain analysis has been performed to provide an in-depth insight into the fire protection system market.
Major drivers, restraints, opportunities, and challenges pertaining to the market have been detailed in this report.
Detailed competitive landscape, along with key players and their revenues, has been included.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THIS STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table FIRE PROTECTION SYSTEM MARKET, 2016-2024 (USD BILLION)
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES FOR FIRE PROTECTION SYSTEM MARKET GROWTH
    • FIRE PROTECTION SYSTEM MARKET, BY PRODUCT & SERVICE
    • FIRE PROTECTION SYSTEM MARKET, BY PRODUCT
    • FIRE PROTECTION SYSTEM MARKET, BY FIRE DETECTOR TYPE
    • FIRE PROTECTION SYSTEM MARKET, BY VERTICAL
    • KEY REGIONS TO INVEST IN DURING FORECAST PERIOD
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGE
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • LATEST TRENDS IN FPS MARKET
      • INTERNET OF THINGS (IOT) IN FPS MARKET
      • CLOUD-BASED TECHNOLOGY
      • VIDEO IMAGE SMOKE AND FLAME DETECTION SYSTEMS
    • CODES AND STANDARDS RELATED TO FIRE PROTECTION SYSTEMS
      • CODES AND STANDARDS RELATED TO FIRE DETECTION
      • CODES AND STANDARDS RELATED TO FIRE SUPPRESSION
  • FIRE PROTECTION SYSTEM TYPES
    • INTRODUCTION
    • ACTIVE FIRE PROTECTION SYSTEMS
      • ACTIVE FIRE PROTECTION SYSTEMS PROTECT HUMAN LIVES AND MINIMIZE INFRASTRUCTURAL LOSSES
    • PASSIVE FIRE PROTECTION SYSTEMS
      • PASSIVE FIRE PROTECTION SYSTEM PREVENTS SPREADING OF FIRE
  • FIRE PROTECTION SYSTEM MARKET, BY PRODUCT
    • INTRODUCTION
      • Table FIRE PROTECTION SYSTEM MARKET, BY PRODUCT, 2016-2024 (USD BILLION)
    • FIRE DETECTION
      • Table FIRE DETECTION MARKET, IN TERMS OF VALUE AND VOLUME, 2016-2024
      • Table FIRE DETECTION MARKET, BY TYPE, 2016-2024 (USD MILLION)
      • Table FIRE DETECTION MARKET, BY VERTICAL, 2016-2024 (USD MILLION)
      • Table FIRE DETECTION MARKET, BY COMMERCIAL VERTICAL, 2016-2024 (USD MILLION)
      • Table FIRE DETECTION MARKET, BY REGION, 2016-2024 (USD MILLION)
      • FLAME DETECTORS
        • Table FLAME DETECTOR MARKET, IN TERMS OF VALUE AND VOLUME, 2016-2024
        • Table FLAME DETECTOR MARKET, BY TYPE, 2016-2024 (USD MILLION)
        • Table FLAME DETECTOR MARKET, BY TYPE, 2016-2024 (THOUSAND UNITS)
      • SMOKE DETECTORS
        • Table SMOKE DETECTOR MARKET, IN TERMS OF VALUE AND VOLUME, 2016-2024
        • Table SMOKE DETECTOR MARKET, BY TYPE, 2016-2024 (USD MILLION)
        • Table SMOKE DETECTOR MARKET, BY TYPE, 2016-2024 (MILLION UNITS)
      • HEAT DETECTORS
        • Table HEAT DETECTOR MARKET, IN TERMS OF VALUE AND VOLUME, 2016-2024
    • FIRE SUPPRESSION
      • CHEMICAL
      • GASEOUS
      • WATER
      • FOAM
        • Table FIRE SUPPRESSION MARKET, BY VERTICAL, 2016-2024 (USD MILLION)
        • Table FIRE SUPPRESSION MARKET, BY COMMERCIAL VERTICAL, 2016-2024 (USD MILLION)
        • Table FIRE SUPPRESSION MARKET, BY REGION, 2016-2024 (USD MILLION)
    • FIRE SPRINKLER SYSTEM
      • Table FIRE SPRINKLER MARKET, IN TERMS OF VALUE AND VOLUME, 2016-2024
      • Table FIRE SPRINKLER MARKET, BY TYPE, 2016-2024 (USD MILLION)
      • Table FIRE SPRINKLER MARKET, BY TYPE, 2016-2024 (MILLION UNITS)
      • WET
      • DRY
      • PRE-ACTION
      • DELUGE
      • OTHER FIRE SPRINKLER SYSTEMS
        • Table FIRE SPRINKLER MARKET, BY VERTICAL, 2016-2024 (USD MILLION)
        • Table FIRE SPRINKLER MARKET, BY COMMERCIAL VERTICAL, 2016-2024 (USD MILLION)
        • Table FIRE SPRINKLER MARKET, BY REGION, 2016-2024 (USD MILLION)
    • FIRE ANALYSIS
      • FIRE MAPPING AND ANALYSIS SOFTWARE
      • FIRE MODELING AND SIMULATION SOFTWARE
        • Table FIRE ANALYSIS MARKET, BY VERTICAL, 2016-2024 (USD MILLION)
        • Table FIRE ANALYSIS MARKET, BY COMMERCIAL VERTICAL, 2016-2024 (USD MILLION)
        • Table FIRE ANALYSIS MARKET, BY REGION, 2016-2024 (USD MILLION)
    • FIRE RESPONSE
      • EMERGENCY LIGHTING SYSTEMS
      • VOICE EVACUATION AND PUBLIC ALERT SYSTEMS
      • SECURE COMMUNICATION SYSTEMS
      • FIRE ALARM DEVICES
        • Table FIRE RESPONSE MARKET, BY VERTICAL, 2016-2024 (USD MILLION)
        • Table FIRE RESPONSE MARKET, BY COMMERCIAL VERTICAL, 2016-2024 (USD MILLION)
        • Table FIRE RESPONSE MARKET, BY REGION, 2016-2024 (USD MILLION)
  • FIRE PROTECTION SYSTEM MARKET, BY SERVICE
    • INTRODUCTION
      • Table FIRE PROTECTION SYSTEM MARKET, BY SERVICE, 2016-2024 (USD BILLION)
    • ENGINEERING
      • NEED FOR GUIDELINES ON FIRE SAFETY MEASURES AND WAYS TO PREVENT FIRE ACCIDENTS DRIVES DEMAND FOR ENGINEERING SERVICES
    • INSTALLATION AND DESIGN
      • GROWING COMMERCIAL AND INDUSTRIAL SECTORS BOOST REQUIREMENTS OFINSTALLATION AND DESIGN SERVICES
    • MAINTENANCE
      • NECESSITY OF TIMELY MAINTENANCE AND INSPECTION OF FIRE PROTECTION SYSTEMS SURGE DEMAND FOR MAINTENANCE SERVICES
    • MANAGED
      • MANAGED SERVICES ENSURE SECURITY OF BUSINESS INFORMATION AND SMOOTH FUNCTIONING OF BUSINESS OPERATIONS
    • OTHERS
      • Table FIRE PROTECTION SYSTEM SERVICE MARKET, BY VERTICAL, 2016-2024 (USD BILLION)
      • Table FIRE PROTECTION SYSTEM SERVICE MARKET, BY COMMERCIAL VERTICAL, 2016-2024 (USD BILLION)
      • Table FIRE PROTECTION SYSTEM SERVICE MARKET, BY REGION, 2016-2024 (USD MILLION)
  • FIRE PROTECTION SYSTEM MARKET, BY VERTICAL
    • INTRODUCTION
      • Table FIRE PROTECTION SYSTEM MARKET, BY VERTICAL, 2016-2024 (USD BILLION)
    • RESIDENTIAL
      • HIGH DEMAND FOR FIRE PROTECTION SYSTEMS IN RESIDENTIAL SECTOR OWING TO INCREASED RISK OF DEATH OR INJURY FROM FIRE
        • Table FIRE PROTECTION SYSTEM MARKET FOR RESIDENTIAL, BY PRODUCT & SERVICE, 2016-2024 (USD MILLION)
        • Table FIRE PROTECTION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2016-2024 (USD MILLION)
    • COMMERCIAL
      • Table FIRE PROTECTION SYSTEM MARKET FOR COMMERCIAL, BY PRODUCT & SERVICE, 2016-2024 (USD MILLION)
      • Table FIRE PROTECTION SYSTEM MARKET, BY COMMERCIAL VERTICAL, 2016-2024 (USD BILLION)
      • ACADEMIA AND INSTITUTIONAL
      • RETAIL
      • HEALTHCARE
      • HOSPITALITY
      • BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
        • Table FIRE PROTECTION SYSTEM MARKET FOR COMMERCIAL, BY REGION, 2016-2024 (USD MILLION)
    • ENERGY & POWER
      • INCREASED NEED FOR ENERGY GENERATION PROVES TO BE GREAT OPPORTUNITY FOR FIRE PROTECTION COMPANIES
        • Table FIRE PROTECTION SYSTEM MARKET FOR ENERGY & POWER, BY PRODUCT & SERVICE, 2016-2024 (USD MILLION)
        • Table FIRE PROTECTION SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2016-2024 (USD MILLION)
    • GOVERNMENT
      • NEED FOR FIRE PROTECTION SERVICES DOMINATES GOVERNMENT SECTOR
        • Table FIRE PROTECTION SYSTEM MARKET FOR GOVERNMENT, BY PRODUCT & SERVICE, 2016-2024 (USD MILLION)
        • Table FIRE PROTECTION SYSTEM MARKET FOR GOVERNMENT, BY REGION, 2016-2024 (USD MILLION)
    • MANUFACTURING
      • FIRE ANALYSIS TO GROW AT THE HIGHEST RATE IN MANUFACTURING SECTOR
        • Table FIRE PROTECTION SYSTEM MARKET FOR MANUFACTURING, BY PRODUCT & SERVICE, 2016-2024 (USD MILLION)
        • Table FIRE PROTECTION SYSTEM MARKET FOR MANUFACTURING, BY REGION, 2016-2024 (USD MILLION)
    • OIL, GAS, AND MINING
      • OIL, GAS, AND MINING SECTOR TO WITNESS HIGHEST GROWTH RATE IN FIRE PROTECTION SYSTEM MARKET DURING FORECAST PERIOD
        • Table FIRE PROTECTION SYSTEM MARKET FOR OIL, GAS, AND MINING, BY PRODUCT & SERVICE, 2016-2024 (USD MILLION)
        • Table FIRE PROTECTION SYSTEM MARKET FOR OIL, GAS, AND MINING, BY REGION, 2016-2024 (USD MILLION)
    • TRANSPORTATION & LOGISTICS
      • TRANSPORTATION & LOGISTICS REQUIRE FIRE PROTECTION SERVICES DUE TO LIFE SAFETY CHALLENGES FACED BY THIS SECTOR
        • Table FIRE PROTECTION SYSTEM MARKET FOR TRANSPORTATION & LOGISTICS, BY PRODUCT & SERVICE, 2016-2024 (USD MILLION)
        • Table FIRE PROTECTION SYSTEM MARKET FOR TRANSPORTATION & LOGISTICS, BY REGION, 2016-2024 (USD MILLION)
    • OTHERS
      • Table FIRE PROTECTION SYSTEM MARKET FOR OTHERS, BY PRODUCT & SERVICE, 2016-2024 (USD MILLION)
      • Table FIRE PROTECTION SYSTEM MARKET FOR OTHERS, BY REGION, 2016-2024 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table FIRE PROTECTION SYSTEM MARKET, BY REGION, 2016-2024 (USD BILLION)
    • NORTH AMERICA
      • Table FIRE PROTECTION SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2016-2024 (USD BILLION)
      • US
      • CANADA
      • MEXICO
        • Table FIRE PROTECTION SYSTEM MARKET IN NORTH AMERICA, BY PRODUCT & SERVICE, 2016-2024 (USD BILLION)
    • EUROPE
      • Table FIRE PROTECTION SYSTEM MARKET IN EUROPE, BY COUNTRY, 2016-2024 (USD BILLION)
      • UK
      • GERMANY
      • FRANCE
      • REST OF EUROPE
        • Table FIRE PROTECTION SYSTEM MARKET IN EUROPE, BY PRODUCT & SERVICE, 2016-2024 (USD BILLION)
    • APAC
      • Table FIRE PROTECTION SYSTEM MARKET IN APAC, BY COUNTRY, 2016-2024 (USD BILLION)
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • REST OF APAC
        • Table FIRE PROTECTION SYSTEM MARKET IN APAC, BY PRODUCT & SERVICE, 2016-2024 (USD BILLION)
    • REST OF THE WORLD (ROW)
      • Table FIRE PROTECTION SYSTEM MARKET IN ROW, BY REGION, 2016-2024 (USD BILLION)
      • MIDDLE EAST AND AFRICA
      • SOUTH AMERICA
        • Table FIRE PROTECTION SYSTEM MARKET IN ROW, BY PRODUCT & SERVICE, 2016-2024 (USD BILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET PLAYER RANKING ANALYSIS
    • COMPETITIVE SITUATIONS AND TRENDS
      • AGREEMENTS, CONTRACTS, COLLABORATIONS, AND MERGERS (2015-2017)
      • PRODUCT LAUNCHES AND DEVELOPMENTS (2016-2017)
      • EXPANSIONS (2015-2018)
      • ACQUISITIONS (2015-2017)
  • COMPANY PROFILES
    • KEY PLAYERS
      • JOHNSON CONTROLS
      • UNITED TECHNOLOGIES
      • HONEYWELL
      • SIEMENS
      • HALMA
      • ROBERT BOSCH
      • HOCHIKI
      • MINIMAX VIKING
      • GENTEX
      • SECURITON AG
    • OTHER KEY PLAYERS
      • ENCORE FIRE PROTECTION
      • STERLING SAFETY SYSTEMS
      • FIRE SUPPRESSION LIMITED
      • SCHRACK SECONET AG
      • NAPCO SECURITY TECHNOLOGIES
      • VFP FIRE SYSTEMS
    • FIRE PROTECTION SERVICE COMPANIES
      • S&S FIRE SUPPRESSION SYSTEMS
      • FIRELINE CORPORATION
      • ORR PROTECTION
      • ARGUS FIRE PROTECTION COMPANY LTD
      • FIRETROL PROTECTION SYSTEMS, INC
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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