The Global Fire Protection System Market accounted for USD 50.85 billion in 2016 growing at a CAGR of 10.1% during the forecast period of 2019 to 2026.
Market Definition: Fire Protection System Market
Fire protection system includes the measures taken to prevent fire from becoming critical, decrease the influence of unrestrained fire and save lives and property. It has its wide application in energy and power, oil, gas, and mining, transportation and logistics and others. Enhanced technology may act as a major factor in the growth of fire protection system. On the other side, lack of integrity in system interfaces may hamper the market.
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Major Market Drivers & Restraints are as follows:
- Rise in technological advancements and innovations in equipment
- Inflexible regulatory norms for fire protection systems
- Increasing trend of automation in commercial buildings and smart homes
- Increased fire-related expenditure of various enterprises, and rise in deaths and loss of property
- Lack of reliability in system interfaces
- High application and maintenance cost
Key Market Competitors: Fire Protection System Market
Few of the major competitors are Amerex Corporation, Ceasefire Industries Pvt. Ltd, Eaton Corporation PLC, Emerson Electric Co., EMS Security Group Ltd, Fike Corporation, Firefly AB, Gentex Corporation, Halma PLC, Hochiki Corporation, Honeywell International Inc., Johnson Controls, Micropack Engineering Ltd, Minimax Viking GmbH, MSA Safety Inc., National Fire Fighting Manufacturing Company (Naffco), Nitin Fire Protection Industries Ltd., Panasonic Corporation, Robert Bosch GmbH, Schneider Electric, Siemens AG, Sterling Safety Systems, Tyco International PLC, United Technologies, VT Mak, and others.
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Market Segmentation: Inductor Market
The global fire protection system market is segmented on the basis of product into fire detection, fire suppression, fire analysis, fire response, and others. The fire detection segment is further sub segmented into wired and wireless fire detection system, sensors and detectors, RFID systems, and others. The sensors and detectors segment are categorized into flame detectors, smoke detectors by product type, smoke detectors by power source, heat detectors, and others. The flame detector segment is sub segmented into single IR, single UV, dual UV/IR, triple IR (IR3), multi IR, and others. The smoke detector segment by product type segment is further segmented into photoelectric smoke detector, ionization smoke detector, and other smoke detectors. The smoke detector segment by power source is further segmented into battery powered, hardwired with battery backup, hardwired without battery backup, and others.
Major Topics Covered in this Report:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Manufacturers
Chapter 4 Production by Regions
Chapter 5 Consumption by Regions
Chapter 6 Market Size by Type
Chapter 7 Market Size by Application
Chapter 8 Manufacturers Profiles
Chapter 9 Production Forecasts
Chapter 10 Consumption Forecast
Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12 Opportunities & Challenges, Threat and Affecting Factors
Chapter 13 Key Findings
Chapter 14 Appendix
The report for the global fire protection system market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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