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Fire Protection System Market : Global Demand Analysis & Opportunity Outlook 2021

Published On : 09:40 AM, 14th September, 2017 REP-ID-50 Category: ICT & Electronics

Fire protection systems assists in controlling and putting-off fire, preventing destruction of property and people. These systems work by reducing oxygen content of fire affected area and promote supply of nitrogen in that area to build a "fire safe" zone.

The global fire protection system market is anticipated to expand from USD 48.06 Billion in 2015 to USD 98.11 Billion by 2021, registering a compound annual growth (CAGR) of 10.09% over the period of 2015-2021.

Market Segmentation

By Technology

On the basis of technology, Global fire protection system market is segment into:

  • Active Fire Protection Systems
  • Passive Fire Protection Systems

By Product

On the basis of product, Global fire protection system market can be divided into:

  • Fire Management Systems
  • Fire Response Systemss
  • Fire Detection Systems
  • Fire Analysis Software
  • Other

By Service

Based on service, Global fire protection system market can be segregated as:

  • Engineering Services
  • Managed Services
  • Installation & Design Services
  • Maintenance Services
  • Other Services

By Vertical

On the basis of application, Global fire protection system market is segment as follows:

  • Oil, Gas, & Mining
  • Energy & Power
  • Transportation & Logistics
  • Residential
  • Commercial
  • Government
  • Manufacturing
  • Other Verticals

By Region

On the basis of region, Global fire protection system market is segment as follows:

  • North America
  • Latin America
  • Western And Eastern Europe
  • Asia-Pacific
  • Row (Rest Of World)

Growth Drivers and challenges

Augmentation in expenditure by enterprises for fire protection, stringent government policies and regulations, political pressure to condense the losses from fire and rise in fire threats are the major growth drivers for the global fire protection system market over the forecasted period i.e. 2015-2021.

High maintenance cost of fire protection systems and special skills required to manage the fire protection system are some factors which restraints the growth of global fire protection system in the upcoming years.

Market Size and Forecast

In recent years, North America led the market in global fire protection system and the market is further estimated to grow at a healthy rate owing to stringent government regulation and high demand from industrial sector in this region.

The European fire protection system market was valued at USD 9.12 Billion in the year 2015 and it will grow at 14.4% annually to reach USD 20.2 Billion by the end of the year 2021. The Europe fire protection system market accounted 28.52% of the global fire protection system market in the year 2015.

In 2015, the Asia-Pacific fire protection system market was valued at USD 8.93 Billion and is growing at 21.4% annually to reach USD 22.78 Billion by 2021.The Asia-Pacific fire protection system market contributes 22.21% of the global fire protection system market and it is projected that it will reach 32.15% by 2021.

Key Players

The key players of the global fortified food market are as follows:

  • Blaze Manufacturing Solutions Ltd.
  • Consilium AB Publ.
  • Deluge Offshore & Marine Pte Ltd.
  • Drägerwerk AG & Co. KGaA
  • Emerson Electric Co.
  • Bosch Security Systems
  • Tyco International

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
  • Middle East and North Africa (MENA)
  • Rest of World

Segmentation

  • By Technology
  • By Product
  • By Service
  • By Verticals
  • By Region

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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