Fire Protection System Market By Technology (Active, Passive); By Product Type (Detectors, Sprinklers, Extinguishers, Alarms, Others); By End Use (Educational Institution, Banking, Financial Services and Insurance (BFSI), Consumer Goods and Retail, Energy and Power, Governmental, Healthcare, Manufacturing, Oil and Gas, Mining, Transportation and Logistics); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
Fire Protection System Market Overview
The global fire protection system market is expected to mask a notable CAGR of 6.1% during the projected period. Strong building fire safety regulations across all countries is likely to emerge as a major driving factor of global fire protection system market during projected period. Apart from this, increasing construction activities across the globe is resulting in rise in number of buildings. Further, growing infrastructure development across the globe is expected to bolster the growth of market in upcoming years
The global fire protection system market size was valued at around USD 71.5 billion in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 6.1% from 2022 to 2032.The market size is projected to succeed in USD 130.4 billion by 2032.
The fire protection system market is expected to be dominated by the North American region, which is expected to account for over 35% of the global market in 2022. The Asia Pacific region is also expected to be a major growth market, with a CAGR of over 10% from 2023 to 2032.
Fire Protection System Market Segmentation
The research offers a comprehensive analysis of fire protection system market with respect to following sub-markets
By Product Type
By End Use
- Educational Institutions
- Banking, Financial Services and Insurance (BFSI)
- Consumer Goods and Retail
- Energy and Power
- Oil and Gas
- Transportation and Logistics
- Others (Telecom & IT, Public Utilities and Media)
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Fire Protection System Market Key Players
The report profiles various major market players such as
- APi Group, Inc.
- VFP Fire Systems, Inc.
- Gentex Corporation
- Bosch Sicherheitssysteme GmbH
- Hochiki Europe, LLC
- Tyco Fire Products LP
- VT MAK
- Consilium AB
- MARIOFF CORPORATION
- Other Prominent Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development expansion and other market activities)
The study also provides company’s positioning and market share in fire protection system market
Timeline Considered for Analysis
- 2021: Base Year
- 2022: Estimated Year
- 2022 to 2032: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis
Industry report analyzes the global fire protection system market by the following segments
- Product Type
- End Use
Geographic Market Analysis
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report
Customization: We also offers customization’s in the industry report as per the company’s specific needs
Key Questions Answered in the Global Fire Protection System Industry Report
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2032?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?