Fire Protection Systems Market Scope
The fire protection system are the measures that can prevent fire from becoming severe, its lowering down the influence of unrestrained fires and save properties & lives. The fire protection system are mostly applicable in residential and commercial purposes such as smart homes, oil & gas, energy & power, industries, factories and others. The fire protection system market is rapidly increasing in global regions due to development of automatic fire sprinklers, fire detectors and fire alarms in developed and developing countries. Autronica Fire & Security research and development introduced a premium first plug and play fire detection system in commercial markets that beneficial in providing cost effective, easy to install fire detection system in global market.
According to AMA, the Global Fire Protection Systems market is expected to see growth rate of 8.9% and may see market size of USD84.23 Million by 2026.
Johnson Controls (Ireland), United Technologies (United States), Honeywell (United States), Siemens (United States), Halma (United Kingdom), Robert Bosch (Germany), Hochiki (Japan), Minimax Viking (Germany), Gentex (United States), VFP Fire Systems (United States), 3M (United States) and Trelleborg AG (Sweden) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Encore Fire Protection (United States), Sterling Safety Systems (United Kingdom), Fire Suppression Limited (United Kingdom), Schrack Seconet AG (Austria) and Napco security technologies (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Fire Protection Systems market by Type (Active Fire Protection Systems and Passive Fire Protection Systems), by Application (Commercial Housing, Bank, Government, Oil Industry, Energy and Power,, Oil & Gas, Transportation and Logistics and Other) and Region with country level break-up.
On the basis of geography, the market of Fire Protection Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In October 2, 2018, United Technologies Corporation completely acquired S2 Security where its beneficial in providing collaborative strength to control the fire protection, building automation, heating and ventilation.
In August 27, 2018, Honeywell International Inc . launched a new line of addressable fire detection devices with improved protective solutions for modern buildings materials. It also offers advanced system reliability against false alarms.
“According to Source, VdS is currently the only inspection service to be accredited to ISO 17020 by Deutsche Akkreditierungs-GmbH (DAkkS) for stationary fire protection equipment.” and “In Building it’s required a fire sprinkler system, it must also be properly maintained to work properly and pass fire inspections. NFPA 25: Standard for the Inspection, Testing, and Maintenance of Water-Based Fire Protection Systems describes the requirements for water-based systems”.
Market Trend
- Increase demand due to automation in commercial buildings and smart homes.
- Upsurge demand of fire protection at oil & gas and mining industries.
Market Drivers
- Increase Demand of Fire Protection System at Commercial Building and Infrastructures Areas.
- Government Safety Regulations Emphasized the Use of Fire Protection Equipment’s.
Opportunities
- Focus On Digitalization That Allows Proper System Interfaces.
- Rise in Demand of Advanced Fire Protection Technology in Different End User.
Restraints
- Distortion of Fire Protection System Devices Due To Government Regulatory Norms and Conditions.
- High Initial and Maintenance Cost Leads to Affect the Fire Protection System Market.
Challenges
- Fire Protection System Failures Leads to Damage of Human Life.
Key Target Audience
Fire Protection System Manufacturers, Fire Protection System Traders, End-Use Market Participants of Different Segments of Fire Protection System, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others