"Actionable Insights to Fuel Your Growth"

Fire Suppression Equipment Market Size, Share & Industry Analysis, By Product (Fire Suppressor, Fire Response, Fire Sprinkler System, Fire Analysis, Fire Detectors), By Services (Maintenance Service, Managed Services, Engineering Services, Installation and Design Services, Other services), By End-user (Oil & Gas, Industrial, Transportation & Logistics, Energy & Power, Residential) And Regional Forecast, 2024-2032

Region : Global | Report ID: FBI105621 | Status : Ongoing

 

KEY MARKET INSIGHTS

Fire protection systems are generally used to control, detect and extinguish fire or smoke and alert the occupants of a building, thus reducing the risk of casualties and property loss. Fire protection systems are consisting of equipment such as fire detectors, fire hose reels, fire extinguishers, fire hydrant systems, and automatic sprinkler systems. These systems are deployed by several infrastructures and establishments, such as manufacturing units and commercial buildings, to protect them from fire hazards. Governments across various regions have designed specific codes and standards intended to minimize the possibility and effects of fire and other risks.


The products are classified into fire suppressors, fire response, fire sprinkler system, fire analysis, and fire detectors. Fire suppressors are likely to dominate the market due to their effectiveness over other types of equipment. The characteristics of fire suppression systems are to provide cooling, control the fire, and provide extinguishment of the fire incident. A variety of fire suppression methods are available to protect a facility in which both portable and fixed systems can be utilized.

The services can be further bifurcated into maintenance, managed, engineering, installation & design services. Maintenance services involve timely servicing and auditing of fire protection systems to ensure that the system meets all required fire safety standards and functions appropriately during an emergency. The service contains testing, servicing, inspection, and repair of components, and monitoring of fire protection systems. The services involve system testing and commissioning, equipment supply, and regular preventative maintenance.

Based on the end-user, the market is segmented into oil & gas, industrial, transportation & logistics, energy & power, residential, government, and others. The industrial segment dominated the fire suppression market share in 2020 and is expected to grow at the fastest pace during the forecast period due to various manufacturing and production activities. In addition, the energy & power sectors are also prone to fire incidents that can be caused during the energy transit or through transformers overload or power surge.

The major market driver for the fire suppression equipment market is the growing demand for fire protection systems. Factors such as increasing human and property loss due to fire breakouts, development of the construction industry, stringent regulations, and adoption of wireless technology in fire detection are fuelling the growth of the fire protection system market. In addition, increased fire-related expenditures in the enterprise are another key driver for the market.

The factor that is expected to inhibit the growth of the market is the high maintenance costs. The cost of a fire safety system varies depending upon the lifespan, use, size, and type of the building. A fire alarm system is more expensive to install in older buildings as compared to newly constructed ones.

Key Market Driver -

Growing demand for fire protection systems.

Key Market Restraint -

High maintenance costs.


Key Players Covered:


Some of the major companies that are present in the fire suppression equipment market are Johnson Controls, United Technologies, Honeywell, Siemens, Halma plc, Robert Bosch, Hochiki, Gentex Corporation, Minimax Gmbh & Co. KG, Securiton AG, Encore Fire Protection, Schrack Seconet AG, Napco Security Technologies, and Argus Fire Protection Co. Limited.

Regional Analysis:


The fire suppression equipment market has been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market for fire suppression market during the analysis period due to advancements in fire protection systems and an increase in infrastructure investments. Implementation of stringent fire safety regulations of fire protection systems across the region is expected to drive the growth of the market. The Asia Pacific is likely to emerge with significant opportunities with countries such as Japan, India, and China. The growth in this region is mainly driven by extensive industrialization and urbanization. Factor such as growing awareness about ensuring the safety of people in public places has been leading to increasing installation of fire protection equipment.

To gain extensive insights into the market, Request for Customization


Segmentation


























  ATTRIBUTE

  DETAILS

By Product



  • Fire Suppressor

  • Fire Response

  • Fire Sprinkler System

  • Fire Analysis

  • Fire Detectors



By Services



  • Maintenance Service

  • Managed Services

  • Engineering Services

  • Installation and Design Services

  • Other services



By End-user



  • Oil & Gas

  • Industrial

  • Transportation & Logistics  

  • Energy & Power

  • Residential

  • Government

  • Others



By Geography



  • North America (the USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



Key Industry Developments



  • In June 2019, Hassantuk, the centralized smart fire alarm system introduced in buildings and villas in Dubai. This system is aimed at connecting houses with the smart alarm system to prevent a fire.

  • In June 2019, Halma announced the acquisition of Ampac a leading Australian fire and evacuation systems company. The company will be a part of Halma’s Infrastructure Safety sector and will continue to operate under its current management team.


  • Ongoing
  • 2023
  • 2019-2022

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients

Fujifilm
Hitachi
The Japan Research
GM
Sumitomo

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X