The fire protection system market is expected to grow at a CAGR of 10% by 2024

   October 1, 2019
According to a market report by Lucintel, the future of the fire protection systems market looks promising with opportunities in the residential, commercial, energy and power, government, manufacturing, oil, gas, and mining, and transportation and logistics industries. The fire protection systems market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are stringent regulatory norms for fire protection systems, increased fire-related expenditure of various enterprises, and rise in deaths and loss of property, increasing trend of automation in commercial buildings and smart homes along with the evolution of IoT.

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In this market, fire detection, fire suppression, fire sprinkler systems, fire analysis, and fire response are the major system types. Within fire protection system market, residential, commercial, energy and power, government, manufacturing, oil, gas, and mining, and transportation and logistics are the major end use industries.

Firefly, EMS Security, Sterling Safety Systems, VT Mak, Micropack Engineering, Msa Safety, Gentex, Emerson Electric, Tyco International, Johnson Controls, Ceasefire Industries are among the major manufacturers of fire protection systems.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the fire protection systems market by technology, system type, service, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Fire Protection Systems Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the fire protection systems market by technology, system type, service, and end use industry as follows:

By System Type [$M shipment analysis for 2013 – 2024]:

  • Fire Detection

  • Fire Suppression

  • Fire Sprinkler Systems

  • Fire Extinguishers

  • Fire Analysis

By Technology [$M shipment analysis for 2013 – 2024]:

  • Active Fire Protection Systems

  • Passive Fire Protection Systems

By Service [$M shipment analysis for 2013 – 2024]:

  • Engineering Services

  • Installation & Design

  • Maintenance Services

  • Managed Services

  • Other Services

By End Use Industry [$M shipment analysis for 2013 – 2024]:

  • Residential

  • Commercial

  • Energy & Power

  • Government

  • Manufacturing

  • Oil, Gas, and Mining

  • Transportation & Logistics

  • Others

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

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