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
Asia Pacific
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 https://www.lucintel.com/fire-protection-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.