Major giants like Honeywell International Inc., Siemens AG, Tyco International PLC, Johnson Controls, United Technologies and Robert Bosch GmbH among others are well established in the fire protection systems market. Honeywell has announced new industrial fire and gas systems for hazard monitoring and control. Honeywell offers various fire protection systems like gas, smoke and flame detection systems and other hazard protection products. Now with this new announced systems, Honeywell provides complete plant safety system.
North America region holds the largest market share of global fire protection systems market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by the U.S. and Canada and is attributed to rise in technological enhancement and growing trend of automation in buildings and smart cities in the region. North America region has presence of various fire protection system manufacturers and equipment providers. This is another major factor responsible for the growth of fire protection systems market in the region.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/4676
Major Key Players
Honeywell International Inc. (U.S.),
Siemens AG (Germany),
Tyco International PLC (Ireland),
Johnson Controls International Plc. (U.S.),
United Technologies Corporation (U.S.),
Robert Bosch GmbH (Germany),
Hochiki Corporation (Japan),
Halma PLC (UK),
Minimax Viking GmbH (Germany), and Gentex Corporation (U.S.)
The global Fire Protection Systems Market is expected to grow at approximately USD 95 Billion by 2023, at 8% of CAGR between 2017 and 2023.
The regional analysis of fire protection systems market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Europe is projected to grow at the fastest rate during the forecast period. The major growth in fire protection systems market in North America is attributed to technological advancements and increasing adoption of fire protection systems across various industry verticals in that region.
Fire protection systems market has been segmented on the basis of type, product, service and vertical. The product segment is further bifurcated into fire detection, fire suppression, fire analysis and, fire response. Out of which, the fire suppression segment is expected to hold the largest market share of the fire protection systems market. This is owing to the extensive use of fire extinguishers and fire sprinklers across various industry verticals. The fire suppression sub segment is further bifurcated into fire sprinklers and fire extinguishers. Whereas, the fire analysis software sub segment is expected to grow at the highest rate during the forecast period. This is owing to the increasing demand for sophisticated fire analysis which further helps in proper decision making and fire prevention.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/fire-protection-systems-market-4676
- Technology Investors
- Research/Consultancy firms
- Technology Solution Providers
- Government Bodies
- Fire Protection Systems Component Providers
- Fire Protection Systems Service Providers
- Fire Protection Systems Product Manufacturers
- Fire Protection Systems Original Equipment Manufacturers (OEMs)
- Managed Service Providers
- Third-Party System Integrators
- Distributors and Traders
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar