Fire Protection Systems Markets: Fire Suppression, Fire Analysis, Fire Response, Fire Detection – Global Forecast to 2026

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DUBLIN – (BUSINESS WIRE) – The “Fire protection systems market” report was added to ResearchAndMarkets.com offer.

The global fire protection systems market size is expected to reach $ 84.6 billion by 2026, from $ 62.1 billion in 2021, with a CAGR of 6.4%.

The growth of this market is attributed to the growth of the construction industry, strict regulations and the increasing adoption of wireless technology in fire detection. However, factors such as high upfront costs, concerns about false alarms and detection failures, and the high cost of upgrading traditional fire detectors to smart detectors are holding back the market growth.

The fire analysis segment is expected to grow at the highest CAGR during the forecast period in the fire protection systems market.

A fire protection system can operate effectively if proper analysis of events is performed. Fire analysis is an essential part of fire protection, which facilitates informed decisions that lead to maximum efficiency. Fire analysis uses fire mapping and analysis software, as well as fire modeling and simulation software. The growth of this market can be attributed to the growing need for sophisticated fire analysis, which aids in proper decision making and fire prevention.

Maintenance services are expected to grow at the highest CAGR in the fire protection systems market during the forecast period.

Maintenance services include the upkeep and timely verification of fire protection systems to ensure that fire protection systems meet all required fire safety standards and operate properly in an emergency.

Maintenance services include inspection, testing, maintenance and repair of components, as well as monitoring of fire protection systems and their components. The services include the supply of equipment, testing and commissioning of the system, as well as regular preventive maintenance.

North America will be the largest market for fire protection systems during the forecast period.

North America is expected to dominate the global fire protection systems industry from 2021 to 2026. The United States and Canada dominate the North American fire protection systems market. These countries have experienced significant infrastructural developments due to the high population growth rate, due to which the demand for fire protection systems is also increasing.

Increased awareness of fire safety systems and fire safety regulations set by governments are among the important factors driving the market in North America.

The main players in the market are Johnson Controls (Ireland), Carrier Global Corporation (United States), Honeywell International, Inc. (United States), Siemens (Germany), Halma Plc (United Kingdom), Robert Bosch Gmbh (Germany ), Hochiki (Japan), Gentex Corporation (United States), Minimax Viking (Germany) and Securiton (Switzerland).

Premium previews

  • Growth in the construction industry to stimulate the market

  • The Fire Suppression Segment To Be The Largest Market Size From 2021-2026

  • Maintenance services to hold the largest market size from 2021 to 2026

  • Commercial and North America will account for the largest market share in 2021

  • The United States is expected to hold the largest share of the fire protection systems market in 2021

Market dynamics

Conductors

  • Growth in the construction industry

  • Increase in human and material losses due to fires

  • Growing stringency of fire protection regulations

  • Growing adoption of wireless technology in fire detection

Constraints

  • High costs of installing and maintaining fire protection systems

  • Concerns about false alarms and detection failure

  • High cost of upgrading traditional fire detectors to smart detectors

Opportunities

  • Growing adoption of water mist systems

  • Integration of smoke detectors with IoT and Big Data

  • Periodic review of regulatory compliance

Challenges

  • Integration of user interfaces with fire protection solutions

Case study analysis

  • Saracen supplied a fire detection system for a food processing plant in the east of England

  • Ongc Integrated F&G Safety Systems to improve safety and improve operational efficiency

  • Norwich Cathedral chooses Honeywell to provide comprehensive fire protection for its new visitor center

  • Eaton College has installed fire protection systems for its older buildings

Technological analysis

  • Internet of Things (IoT)

  • Cloud based solutions

  • Video image smoke and flame detection systems

Companies mentioned

  • Argus Fire Protection Company Ltd

  • Global carrier company

  • Ciqurix

  • Encore Fire Protection

  • Fike Company

  • Fire and gas detection technologies

  • Fire protection service companies

  • Limited fire suppression

  • Fireline Company

  • Firetrol Protection Systems, Inc.

  • Gentex

  • Halma plc

  • Hochiki

  • Honeywell International

  • Johnson Controls

  • Minimax Viking

  • Msa security

  • Napco Security Technologies

  • Orr protection

  • Other players

  • Robert bosch

  • S&S Fire Suppression Systems, Inc.

  • Schrack Seconet AG

  • Security

  • Siemens AG

  • VFP fire systems

For more information on this report, visit https://www.researchandmarkets.com/r/g5n88b.

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