Gmi Research's blog : Fire Protection Systems Market Research

GMI Research anticipates that the Fire Protection Systems Market to witness a significant Compound Annual Growth Rate over the forecast period (2020-2027).

The factors driving the growth of Fire Protection Systems Market includes increasing construction of malls, corporate offices, multiplexes, and residential complexes. The increasing Government spending on fire protection services along growing urbanization, followed by rising risk of property damage is further increasing the Fire Protection Systems Market size. As per the report from Fortune, The United States Administration is planning to spend $50 billion to combat wildfire, which will push the market growth in North America. In addition, the growing adoption of wireless technology for fire detection along with its minimal maintenance cost are further increasing Fire Protection Systems Market share.

However, the growth of Fire Protection Systems Market is hindered due to high capital and upgradation cost, followed by variation in the prices of raw materials.

Type: Segment Analysis

Based on type, the passive fire protection systems segment is anticipated to witness higher CAGR during the forecast period due to growing use of Passive Fire Protection (PFP) in the buildings with fire-resistant floors, doors, and fireproofing walls. Moreover, its ability to minimize the structural damage within the building, is contributing to the growth of Fire Protection Systems Market.

Product: Segment Analysis

Based on product, the fire suppression segment is projected to grow at a faster CAGR in the market over the forecast period due to its growing installation in medical infrastructures, data centers and museum.

Service: Segment Analysis

Based on service, the maintenance services segment is expected to grow at a faster CAGR during the forecast period due to growing demand for regular monitoring of fire protection systems for ensuring safety standards. In addition, the increasing number of construction and renovation activities are contributing to the growth of the segment.

Vertical: Segment Analysis

The oil, gas, and mining segment is projected to grow at a higher CAGR during the forecast period attributed to its growing use in crude oil and flammable gases in this industry vertical.

Region: Segment Analysis

Based on the region, the Asia-Pacific region is expected to grow at a faster rate during the forecast period due to growing number of construction activities in residential areas along with increasing installations of fire protection systems in the region.

Market Segmentation

Global Fire Protection Systems Market by Type

· Active Fire Protection Systems

· Passive Fire Protection Systems

Global Fire Protection Systems Market by Product

· Fire Suppression

· Fire Suppression Products

· Fire Detectors and Control Panels

· Fire Sprinklers, Nozzles, Caps, and Control Heads

· Fire Suppressor Reagent

· Chemical

· Dry Chemical

· Wet Chemical

· Gaseous

· Clean agent

· Carbon Dioxide (Co2) Clean Agent Fire Suppression System

· FM200 Clean Agent Fire Suppression

· Other Clean Agent Fire Suppression Systems

· Water

· Water Mist

· Foam

· Foam Water

· Fire Response

· Emergency Lighting Systems

· Voice Evacuation and Public Alert Systems

· Secure Communication Systems

· Fire Alarm Devices

· Fire Sprinkler System

· Wet

· Dry

· Pre-action

· Deluge

· Other Fire Sprinkler Systems

· Fire Analysis

· Fire Mapping and Analysis Software

· Fire Modelling and Simulation Software

· Fire Detection

· Flame Detectors

· Single IR (infrared)

· Single ultraviolet (UV)

· Dual UV/IR

· Triple IR (IR3)

· Multi IR

· Smoke Detectors

· Photoelectric

· Ionization

· Dual-Sensor Smoke Detectors

· Heat Detectors

Global Fire Protection Systems Market by Service

· Maintenance Services

· Managed Services

· Engineering Services

· Installation and Design Services

· Others

Global Fire Protection Systems Market by Vertical

· Commercial

· Academia and Institutional

· Retail

· Healthcare

· Hospitality

· Banking, Financial Services, and Insurance (BFSI)

· Oil, Gas, and Mining

· Manufacturing

· Transportation & Logistics

· Energy & Power

· Residential

· Government

· Others

Global Fire Protection Systems Market by Region

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· North America

o United States of America

o Canada

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

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