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Fire Protection System Market by Fire Suppression, Smoke Detector (Photoelectric, Ionization, Beam), Flame Detector (IR, UV), Heat Detector, Sprinkler (Wet, Dry, Deluge), Fire Response & Analysis, Service, Vertical and Region - Forecast to 2029

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    Report

  • 276 Pages
  • March 2024
  • Region: Global
  • Markets and Markets
  • ID: 5414955
Description Jump to:
The global fire protection system market size is estimated to grow from USD 71.6 billion in 2024 to USD 97.2 billion in 2029, by a CAGR of 6.3%. Wireless fire detection systems are becoming increasingly popular with the advancement of wireless technologies. The emergence of fully automated building control systems is crucial in this field. New smart buildings have a single control interface for various applications, such as HVAC, lighting control, security, and fire safety. The growth of the wireless fire detection system market is mainly due to the increase in the construction of small - and large-scale residential and commercial buildings worldwide.

Fire response segment is projected to grow at a significant CAGR during the forecast period

Fire response mechanisms are triggered simultaneously with fire suppression measures to halt the spread of flames. These systems initiate alarms and sirens within buildings, issue warnings and notifications, and dispatch emergency messages to law enforcement, fire departments, and medical services. This section covers both active and passive fire response systems. Active fire response products encompass emergency lighting, public alert systems, secure communication devices, and fire alarm apparatus. Passive fire response systems include fire-resistant walls, floors, doors, and other components that impede or slow fire progression. The growing emphasis on human safety across various industries and stringent fire prevention and safety regulations mandated by governments worldwide drive the demand for fire response systems.

Maintenance services expected to gain the largest market share during the forecast period

Maintenance services are crucial in the fire protection system market to ensure fire safety standards are met, and systems function properly during emergencies. These services involve inspecting, testing, servicing, and repairing various components and monitoring fire protection systems and their parts. Maintenance services include regular audits and timely servicing of fire protection equipment to ensure that the system complies with all necessary fire safety standards and functions correctly during an emergency. Maintenance services include equipment supply, system testing & commissioning, and regular preventative maintenance. Reactive, preventive, informative, and real-time monitoring are different types of maintenance services. These services are vital for various industries, such as oil, gas & mining; energy & power; commercial; and transportation & logistics. Fireline Corporation, ORR Protection, Firetrol Protection Systems, Inc., and S&S Sprinkler Co., LLC are some companies offering maintenance services for fire protection systems.

The market in North America is expected to grow at a significant CAGR during the forecast period

The North American market majorly consists of countries such as US, Canada, and Mexico. The fire protection system market in North America is expected to be dominated by the US during the forecast period. This is driven by supportive government regulations, the adoption of advanced fire protection technologies, and increased concerns related to fire hazards. Another key factor driving the fire protection system market is the adoption in US the rising awareness of wireless technologies for fire detection. The growing awareness among consumers about the benefits of these systems, such as cost-effectiveness and ease of installation of technologies, along with amendments in government rules and regulations specific to wireless technologies, led to the market's rapid growth.

Breakdown of the profiles of primary participants:

  • By Company Type: Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
  • By Designation: C-level Executives - 48%, Directors - 33%, and Others - 19%
  • By Region: North America - 30%, Europe - 25%, Asia-Pacific - 33%, and RoW - 12%
Major players profiled in this report are as follows: Carrier (US), Honeywell International Inc. (US), Johnson Controls (Ireland), Robert Bosch GmbH (Germany), and Siemens (Germany), Eaton (Ireland), Gentex Corporation (US), Halma plc (UK), HOCHIKI Corporation (Japan), Teledyne Technologies Incorporated (US) and others.

Research Coverage

The fire protection system market is divided into various products, including fire suppression, fire sprinkler, fire detection, fire analysis, and fire response. Fire suppression products are divided into suppression reagent types, including gaseous, chemical, water, and foam-based. Similarly, a fire sprinkler is further sub-segmented into its types, including wet, dry, pre-action, deluge, and others. Fire detection market includes flame detectors, smoke detectors, and heat detectors. Besides, the market has also been segmented into service, vertical, and region. Engineering, installation & design, maintenance, managed, and other services have been included. In addition, residential, commercial, and industrial verticals are covered. Furthermore, North America, Europe, Asia-Pacific, and RoW are regions that have been covered in this report.

Key Benefits of Buying the Report

The report provides insights on the following pointers:

  • Analysis of critical drivers (Surge in residential and commercial infrastructure development, Increase in enterprise spending to safeguard infrastructure, Enforcement of stringent norms related to smoke alarm installations, Rapid advancement in wireless technology), restraints (High installation and maintenance costs, concerns over false alarms and detection failures), opportunities (Rising popularity of advanced foam based and water mist fire detectors, Growing adoption of IoT integrated detection devices, Increasing government initiatives to upgrade building costs) and challenges (Complexity in fire detector integration and configuration and Addressing ever-evolving regulatory requirements) influencing the growth of the fire protection system market.
  • Product Development/Innovation: Detailed insights on new products, technologies, research & development activities, funding activities, industry partnerships, and new product launches in the fire protection system market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the fire protection system market across regions such as North America, Europe, Asia-Pacific, and RoW.
  • Market Diversification: Exhaustive information about new products & technologies, untapped geographies, recent developments, and investments in the fire protection system market
  • Competitive Assessment: In-depth assessment of the market position, growth strategies, and product offerings of leading players like Carrier (US), Honeywell International Inc. (US), Johnson Controls (Ireland), Robert Bosch GmbH (Germany), and Siemens (Germany) and among others in the fire protection system market
  • Strategies: The report also helps stakeholders understand the pulse of the fire protection system market and provides information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Fire Protection System Market Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered
1.3.4 Inclusions and Exclusions
1.4 Currency Considered
1.5 Limitations
1.6 Units Considered
1.7 Stakeholders
1.8 Summary of Changes
1.9 Impact of Recession
2 Research Methodology
2.1 Research Approach
Figure 2 Fire Protection System Market: Research Design
2.1.1 Primary and Secondary Research
Figure 3 Fire Protection System Market: Research Approach
2.1.2 Secondary Data
2.1.2.1 List of Major Secondary Sources
2.1.2.2 Key Data from Secondary Sources
2.1.3 Primary Data
2.1.3.1 List of Primary Interview Participants and Key Opinion Leaders
2.1.3.2 Key Data from Primary Sources
2.1.3.3 Key Industry Insights
2.1.3.4 Breakdown of Primaries
2.2 Market Size Estimation Methodology
2.2.1 Bottom-Up Approach
2.2.1.1 Approach to Estimate Market Size Using Bottom-Up Analysis (Demand Side)
Figure 4 Fire Protection System Market: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach to Estimate Market Size Using Top-Down Analysis (Supply Side)
Figure 5 Fire Protection System Market: Top-Down Approach
Figure 6 Fire Protection System Market Size Estimation Methodology
2.3 Market Breakdown and Data Triangulation
Figure 7 Fire Protection System Market: Data Triangulation
2.4 Research Assumptions
Figure 8 Fire Protection System Market: Research Assumptions
2.5 Research Limitations
2.6 Risk Assessment
Table 1 Fire Protection System Market: Risk Assessment
2.7 Parameters Considered to Analyze Recession Impact on Fire Protection System Market
Table 2 Parameters Considered to Analyze Recession Impact on Fire Protection System Market
3 Executive Summary
Figure 9 Fire Protection System Market, 2020-2029 (USD Billion)
Figure 10 Fire Suppression Product to Hold Largest Market Share in 2029
Figure 11 Maintenance Services to Register Highest CAGR During Forecast Period
Figure 12 Oil, Gas & Mining to Dominate Fire Protection System Market Between 2024 and 2029
Figure 13 Asia-Pacific to Exhibit Highest CAGR During Forecast Period
4 Premium Insights
4.1 Attractive Opportunities for Players in Fire Protection System Market
Figure 14 Rising Infrastructure Development to Create Lucrative Opportunities for Players in Fire Protection System Market
4.2 Fire Protection System Market, by Product
Figure 15 Fire Suppression Products to Account for Largest Share in 2024
4.3 Fire Protection System Market, by Service
Figure 16 Maintenance Services to Dominate Market Between 2024 and 2029
4.4 Fire Protection System Market, by Vertical
Figure 17 Industrial Vertical to Hold Largest Share of Fire Protection System Market in 2029
4.5 North American Fire Protection System Market, by Vertical and Country
Figure 18 Industrial Vertical and US to Account for Largest Share of North American Fire Protection System Market in 2029
4.6 Fire Protection System Market, by Country
Figure 19 China to Register Highest CAGR in Fire Protection System Market from 2024 to 2029
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 20 Fire Protection System Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Surging Residential and Commercial Infrastructure Development
5.2.1.2 Increasing Enterprise Spending to Safeguard Infrastructure
Figure 21 Number of Causalities in US (2013-2022)
5.2.1.3 Rising Implementation of Stringent Norms Related to Smoke Alarm Installations
5.2.1.4 Rapid Advancement in Wireless Technology
Figure 22 Impact Analysis: Drivers
5.2.2 Restraints
5.2.2.1 High Installation and Maintenance Costs
5.2.2.2 Concerns Over False Alarms and Detection Failures
Figure 23 Impact Analysis: Restraints
5.2.3 Opportunities
5.2.3.1 Rising Popularity of Advanced Foam-based and Water Mist Fire Detectors
5.2.3.2 Growing Adoption of IoT-Integrated Detection Devices
5.2.3.3 Increasing Government Initiatives to Upgrade Building Codes
Figure 24 Impact Analysis: Opportunities
5.2.4 Challenges
5.2.4.1 Complexity in Fire Detector Integration and Configuration
5.2.4.2 Addressing Ever-Evolving Regulatory Requirements
Figure 25 Impact Analysis: Challenges
5.3 Trends/Disruptions Impacting Customers’ Businesses
Figure 26 Fire Protection System Market: Trends/Disruptions Impacting Customers’ Businesses
5.4 Pricing Analysis
5.4.1 Average Selling Price of Flame Detectors
Figure 27 Indicative Selling Price of Flame Detectors, 2020-2029 (USD)
5.4.1.1 Average Selling Price of Flame Detectors Offered by Three Key Players, by Type
Table 3 Average Selling Price of Flame Detectors Offered by Three Key Players, by Type (USD)
Figure 28 Average Selling Price of Flame Detectors Offered by Three Key Players, by Type (USD)
5.4.2 Average Selling Price of Smoke Detectors
Figure 29 Indicative Selling Price of Smoke Detectors
5.4.2.1 Average Selling Price of Smoke Detectors Offered by Three Key Players, by Type
Figure 30 Average Selling Price of Smoke Detectors Offered by Three Key Players, by Type (USD)
Table 4 Average Selling Price of Smoke Detectors Offered by Three Key Players, by Type (USD)
Table 5 Average Selling Price Trend, by Product (USD)
5.4.3 Average Selling Price Trend, by Region
Table 6 Average Selling Price of Flame and Smoke Detectors, by Region (USD)
5.5 Value Chain Analysis
Figure 31 Fire Protection System Market: Value Chain Analysis
5.6 Ecosystem Analysis
Figure 32 Fire Protection System Market: Ecosystem Analysis
Table 7 Role of Companies in Fire Protection System Ecosystem
5.7 Technology Analysis
5.7.1 Key Technology
5.7.1.1 Internet of Things (IoT)
5.7.2 Complementary Technologies
5.7.2.1 Video Image Smoke and Flame Detection Systems
5.7.2.2 Artificial Intelligence
5.7.3 Adjacent Technology
5.7.3.1 Cloud-based Solutions
5.8 Patent Analysis
Figure 33 Fire Protection System Market: Patents Applied and Granted, 2013-2022
Table 8 Fire Protection System Market: List of Patents, 2022-2023
5.9 Trade Analysis
5.9.1 Import Scenario
Figure 34 Import Data for HS Code 853110-Compliant Fire Alarms and Similar Apparatus, by Country, 2018-2022 (USD Million)
5.9.2 Export Scenario
Figure 35 Export Data for HS Code 853110-Compliant Fire Alarms and Similar Apparatus, by Country, 2018-2022 (USD Million)
5.10 Key Conferences and Events, 2024-2025
Table 9 Fire Protection System Market: List of Conferences and Events, 2024-2025
5.11 Case Study Analysis
5.11.1 Saracen Fire Protection Limited Installs Compliant Fire Alarms in Food Production Plant in England
5.11.2 Eton College Deploys Notifier's Fire Detection Technology to Meet Safety Standards
5.11.3 Mouka Limited Installs Robert Bosch GmbH's Aviotec Video-based Fire Detection Devices at Manufacturing Factories
5.11.4 Schrack Seconet Delivers Fire Protection Solutions for Nivy Tower
5.11.5 Royal Papworth Hospital Appoints Static Systems Group to Design and Supply Hospital Fire Alarms and Management Systems
5.12 Regulatory Landscape and Standards
5.12.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 RoW: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12.2 Standards
Table 14 Codes and Standards Related to Fire Detection Systems
Table 15 Codes and Standards Related to Fire Suppression Systems
5.13 Porter's Five Forces Analysis
Figure 36 Fire Protection System Market: Porter's Five Forces Analysis
Table 16 Fire Protection System Market: Porter's Five Forces Analysis
5.13.1 Bargaining Power of Suppliers
5.13.2 Bargaining Power of Buyers
5.13.3 Threat of New Entrants
5.13.4 Threat of Substitutes
5.13.5 Intensity of Competitive Rivalry
5.14 Key Stakeholders and Buying Criteria
5.14.1 Key Stakeholders in Buying Process
Figure 37 Influence of Stakeholders on Buying Process for Top Three Industries
Table 17 Influence of Stakeholders on Buying Process for Top Three Industries (%)
5.14.2 Buying Criteria
Figure 38 Key Buying Criteria for Top Three Industries
Table 18 Key Buying Criteria for Top Three Industries
6 Fire Protection System Types
6.1 Introduction
Figure 39 Fire Protection System Market, by Type
6.2 Active
6.3 Passive
Figure 40 Passive Fire Protection Areas
7 Fire Protection System Market, by Product
7.1 Introduction
Figure 41 Fire Protection System Market, by Product
Figure 42 Fire Suppression to Dominate Market During Forecast Period
Table 19 Fire Protection System Market, by Product, 2020-2023 (USD Million)
Table 20 Fire Protection System Market, by Product, 2024-2029 (USD Million)
Table 21 Fire Protection System Market, by Product, 2020-2023 (Million Units)
Table 22 Fire Protection System Market, by Product, 2024-2029 (Million Units)
7.2 Fire Suppression
7.2.1 Fire Suppression Reagents
7.2.1.1 Chemical
7.2.1.1.1 Use of Chemical Fire Suppression Systems That Meet Ventilation Control and Fire Protection Standards to Boost Segmental Growth
7.2.1.1.2 Dry Chemical Systems
7.2.1.1.3 Wet Chemical Systems
7.2.1.2 Gaseous
7.2.1.2.1 Reliance on Gaseous Fire Suppression Systems to Increase On-Site Safety in Industrial and Commercial Facilities to Expedite Segmental Growth
7.2.1.2.2 Carbon Dioxide (Co2) Clean Agent Fire Suppression
7.2.1.2.3 Fm-200 Clean Agent Fire Suppression
7.2.1.2.4 Other Clean Agent Fire Suppressions
7.2.1.3 Water
7.2.1.3.1 Adoption of Water Mist Fire Extinguishing Systems with High Cooling Effect to Foster Segmental Growth
7.2.1.4 Foam
7.2.1.4.1 Utilization of Foam-based Fire Suppression Systems to Safeguard Flammable Liquid Storage Vessels to Boost Segmental Growth
Table 23 Fire Suppression: Fire Protection System Market, by Suppression Reagent, 2020-2023 (USD Million)
Table 24 Fire Suppression: Fire Protection System Market, by Suppression Reagent, 2024-2029 (USD Million)
Table 25 Fire Suppression: Fire Protection System Market, by Vertical, 2020-2023 (USD Million)
Table 26 Fire Suppression: Fire Protection System Market, by Vertical, 2024-2029 (USD Million)
Table 27 Fire Suppression: Fire Protection System Market, by Commercial Vertical, 2020-2023 (USD Million)
Table 28 Fire Suppression: Fire Protection System Market, by Commercial Vertical, 2024-2029 (USD Million)
Table 29 Fire Suppression: Fire Protection System Market, by Region, 2020-2023 (USD Million)
Table 30 Fire Suppression: Fire Protection System Market, by Region, 2024-2029 (USD Million)
7.3 Fire Sprinklers
7.3.1 Wet Fire Sprinklers
7.3.1.1 Cost Efficiency and Ease of Operations to Boost Adoption of Wet Pipe Fire Sprinklers
Table 31 Advantages and Disadvantages of Wet Fire Sprinklers
7.3.2 Dry Fire Sprinklers
7.3.2.1 Reliance on Dry Fire Sprinklers to Provide Automatic Protection in Cold Spaces to Accelerate Segmental Growth
7.3.3 Pre-Action Fire Sprinklers
7.3.3.1 Low Risk of Inadvertent Discharge to Augment Demand for Pre-Action Fire Sprinklers
7.3.4 Deluge Fire Sprinklers
7.3.4.1 Installation of Deluge Fire Sprinklers to Protect Extra-Hazardous Buildings to Fuel Segmental Growth
7.3.5 Other Fire Sprinklers
Table 32 Fire Sprinkler: Fire Protection System Market, by Type, 2020-2023 (USD Million)
Table 33 Fire Sprinkler: Fire Protection System Market, by Type, 2024-2029 (USD Million)
Table 34 Fire Sprinkler: Fire Protection System Market, by Vertical, 2020-2023 (USD Million)
Table 35 Fire Sprinkler: Fire Protection System Market, by Vertical, 2024-2029 (USD Million)
Table 36 Fire Sprinkler: Fire Protection System Market, by Commercial Vertical, 2020-2023 (USD Million)
Table 37 Fire Sprinkler: Fire Protection System Market, by Commercial Vertical, 2024-2029 (USD Million)
Table 38 Fire Sprinkler: Fire Protection System Market, by Region, 2020-2023 (USD Million)
Table 39 Fire Sprinkler: Fire Protection System Market, by Region, 2024-2029 (USD Million)
7.4 Fire Detection
7.4.1 Conventional Systems
7.4.2 Addressable Systems
Table 40 Fire Detection: Fire Protection System Market, by Type, 2020-2023 (USD Million)
Table 41 Fire Detection: Fire Protection System Market, by Type, 2024-2029 (USD Million)
Table 42 Fire Detection: Fire Protection System Market, by Vertical, 2020-2023 (USD Million)
Table 43 Fire Detection: Fire Protection System Market, by Vertical, 2024-2029 (USD Million)
Table 44 Fire Detection: Fire Protection System Market, by Commercial Vertical, 2020-2023 (USD Million)
Table 45 Fire Detection: Fire Protection System Market, by Commercial Vertical, 2024-2029 (USD Million)
Table 46 Fire Detection: Fire Protection System Market, by Region, 2020-2023 (USD Million)
Table 47 Fire Detection: Fire Protection System Market, by Region, 2024-2029 (USD Million)
7.4.3 Flame Detectors
7.4.3.1 Single Ir
7.4.3.1.1 Use of Single Ir Flame Detectors to Detect Flames Containing Organic Materials to Drive Market
7.4.3.2 Single UV
7.4.3.2.1 Adoption of Single UV Flame Detectors to Address Fire Safety Requirements to Boost Segmental Growth
7.4.3.3 Dual UV/Ir
7.4.3.3.1 Installation of Dual UV/Ir Flame Detectors in Industries Emitting Hydrocarbons to Accelerate Segmental Growth
7.4.3.4 Triple Ir
7.4.3.4.1 Reliance on Triple Ir Flame Detectors to Identify Hydrogen Emissions to Fuel Segmental Growth
7.4.3.5 Multi Ir
7.4.3.5.1 Utilization of Multi Ir Flame Detectors to Improve Differentiation of Flame Sources to Propel Market
Table 48 Fire Detection: Fire Protection System Market for Flame Detectors, by Type, 2020-2023 (USD Million)
Table 49 Fire Detection: Fire Protection System Market for Flame Detectors, by Type, 2024-2029 (USD Million)
7.4.4 Smoke Detectors
7.4.4.1 Photoelectric Smoke Detectors
7.4.4.1.1 Installation of Photoelectric Smoke Detectors in Commercial Spaces to Drive Market
7.4.4.2 Ionization Smoke Detectors
7.4.4.2.1 Reliance on Ionization Smoke Detectors to Reduce Smoke from Flaming Fires to Boost Segmental Growth
7.4.4.3 Dual-Sensor Smoke Detectors
7.4.4.3.1 Use of Dual-Sensor Smoke Detectors Powered by Ionization and Photoelectric Technologies to Propel Market
7.4.4.4 Beam Smoke Detectors
7.4.4.4.1 Installation of Beam Smoke Detectors in Large Spaces to Contribute to Segmental Growth
7.4.4.5 Other Smoke Detectors
Table 50 Fire Detection: Fire Protection System Market for Smoke Detectors, by Type, 2020-2023 (USD Million)
Table 51 Fire Detection: Fire Protection System Market for Smoke Detectors, by Type, 2024-2029 (USD Million)
7.4.5 Heat Detectors
7.4.5.1 Growing Adoption of Heat Detectors in Small, Confined Spaces to Contribute to Segmental Growth
7.5 Fire Analysis
7.5.1 Utilization of Fire Analysis Solutions to Enable Real-Time Mapping of Fire-Related Situations to Drive Market
Table 52 Fire Analysis: Fire Detection Market, by Vertical, 2020-2023 (USD Million)
Table 53 Fire Analysis: Fire Detection Market, by Vertical, 2024-2029 (USD Million)
Table 54 Fire Analysis: Fire Detection Market, by Commercial Vertical, 2020-2023 (USD Million)
Table 55 Fire Analysis: Fire Detection Market, by Commercial Vertical, 2024-2029 (USD Million)
Table 56 Fire Analysis: Fire Detection Market, by Region, 2020-2023 (USD Million)
Table 57 Fire Analysis: Fire Detection Market, by Region, 2024-2029 (USD Million)
7.6 Fire Response
7.6.1 Requirement for Fire Response Systems to Adhere to Safety Regulations to Foster Segmental Growth
7.6.2 Emergency Lighting Systems
7.6.3 Voice Evacuation & Public Alert Systems
7.6.4 Secure Communication Systems
7.6.5 Fire Alarm Devices
Table 58 Fire Response: Fire Protection System Market, by Vertical, 2020-2023 (USD Million)
Table 59 Fire Response: Fire Protection System Market, by Vertical, 2024-2029 (USD Million)
Table 60 Fire Response: Fire Protection System Market, by Commercial Vertical, 2020-2023 (USD Million)
Table 61 Fire Response: Fire Protection System Market, by Commercial Vertical, 2024-2029 (USD Million)
Table 62 Fire Response: Fire Protection System Market, by Region, 2020-2023 (USD Million)
Table 63 Fire Response: Fire Protection System Market, by Region, 2024-2029 (USD Million)
8 Fire Protection System Market, by Service
8.1 Introduction
Figure 43 Fire Protection System Market, by Service
Figure 44 Maintenance Services to Account for Largest Market Share in 2024
Table 64 Fire Protection System Market, by Service, 2020-2023 (USD Million)
Table 65 Fire Protection System Market, by Service, 2024-2029 (USD Million)
Table 66 Service: Fire Protection System Market, by Vertical, 2020-2023 (USD Million)
Table 67 Service: Fire Protection System Market, by Vertical, 2024-2029 (USD Million)
Table 68 Service: Fire Protection System Market, by Commercial Vertical, 2020-2023 (USD Million)
Table 69 Service: Fire Protection System Market, by Commercial Vertical, 2024-2029 (USD Million)
Table 70 Service: Fire Protection System Market, by Region, 2020-2023 (USD Million)
Table 71 Service: Fire Protection System Market, by Region, 2024-2029 (USD Million)
8.2 Engineering Services
8.2.1 Increasing Requirement for Strategic Fire Inspection to Contribute to Segmental Growth
8.3 Installation & Design Services
8.3.1 Rising Popularity of Customized Fire Protection Systems to Accelerate Segmental Growth
8.4 Maintenance Services
8.4.1 Growing Need for Regular Fire Maintenance and Real-Time Monitoring to Drive Market
8.5 Managed Services
8.5.1 Increasing Complexity of Modern Technology in Fire Detectors to Contribute to Market Growth
8.6 Other Services
9 Fire Protection System Market, by Vertical
9.1 Introduction
Figure 45 Fire Protection System Market, by Vertical
Figure 46 Industrial Vertical to Exhibit Highest CAGR Between 2024 and 2028
Table 72 Fire Protection System Market, by Vertical, 2020-2023 (USD Million)
Table 73 Fire Protection System Market, by Vertical, 2024-2029 (USD Million)
9.2 Residential
9.2.1 Increasing Renovation of Residential Buildings to Accelerate Need for Retrofitting Fire Protection Systems
Table 74 Residential: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 75 Residential: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
Table 76 Residential: Fire Protection System Market, by Region, 2020-2023 (USD Million)
Table 77 Residential: Fire Protection System Market, by Region, 2024-2029 (USD Million)
9.3 Commercial
Table 78 Commercial: Fire Protection System Market, by Application, 2020-2023 (USD Million)
Table 79 Commercial: Fire Protection System Market, by Application, 2024-2029 (USD Million)
Table 80 Commercial: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 81 Commercial: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
Table 82 Commercial: Fire Protection System Market, by Region, 2020-2023 (USD Million)
Table 83 Commercial: Fire Protection System Market, by Region, 2024-2029 (USD Million)
9.3.1 Academia & Institutional
9.3.1.1 Adoption of Fire Protection Systems to Safeguard Valuable Artifacts to Contribute to Segmental Growth
Table 84 Academia & Institutional: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 85 Academia & Institutional: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
9.3.2 Retail
9.3.2.1 Installation of Monitoring Systems for Fast and Reliable Fire Detection in Retail Stores to Boost Segmental Growth
Table 86 Retail: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 87 Retail: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
9.3.3 Healthcare
9.3.3.1 Allocation of Funds to Maintain Fire Safety Compliance in Hospitals to Augment Segmental Growth
Table 88 Healthcare: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 89 Healthcare: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
9.3.4 Hospitality
9.3.4.1 Need for Regular Fire Inspection in Restaurants and Other Hospitality Centers to Fuel Segmental Growth
Table 90 Hospitality: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 91 Hospitality: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
9.3.5 BFSI
9.3.5.1 Adoption of Fire Safety Equipment to Prevent Critical Business Data Loss to Expedite Segmental Growth
Table 92 BFSI: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 93 BFSI: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
9.4 Industrial
Table 94 Industrial: Fire Protection System Market, by Application, 2020-2023 (USD Million)
Table 95 Industrial: Fire Protection System Market, by Application, 2024-2029 (USD Million)
Table 96 Industrial: Fire Protection System Market, by Region, 2020-2023 (USD Million)
Table 97 Industrial: Fire Protection System Market, by Region, 2024-2029 (USD Million)
9.4.1 Energy & Power
9.4.1.1 High Concentration of Combustible Fluids and Materials in Energy & Power Plants to Boost Adoption of Fire Protection Systems
Table 98 Energy & Power: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 99 Energy & Power: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
9.4.2 Government
9.4.2.1 Installation of Automated Fire Detectors to Safeguard Government Infrastructure and Critical Documents to Foster Segmental Growth
Table 100 Government: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 101 Government: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
9.4.3 Manufacturing
9.4.3.1 Enforcement of Stringent Regulations to Curb Fire Outbreaks in Manufacturing Facilities to Accelerate Segmental Growth
Table 102 Manufacturing: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 103 Manufacturing: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
9.4.4 Oil, Gas & Mining
9.4.4.1 Presence of Combustible Materials in Oil, Gas & Mining Facilities to Augment Demand for Fire Detection Systems
Table 104 Oil, Gas & Mining: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 105 Oil, Gas & Mining: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
9.4.5 Transportation & Logistics
9.4.5.1 Installation of Fire Suppression Systems to Minimize Property Damage in Warehouses to Fuel Segmental Growth
Table 106 Transportation & Logistics: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 107 Transportation & Logistics: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
9.4.6 Other Industries
Table 108 Other Industries: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 109 Other Industries: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
10 Fire Protection System Market, by Region
10.1 Introduction
Figure 47 Fire Protection System Market, by Region
Figure 48 China to Exhibit Highest CAGR During Forecast Period
Table 110 Fire Protection System Market, by Region, 2020-2023 (USD Million)
Table 111 Fire Protection System Market, by Region, 2024-2029 (USD Million)
10.2 North America
10.2.1 Recession Impact on Market in North America
Figure 49 US to Hold Largest Market Share from 2024 to 2029
Figure 50 North America: Fire Protection System Market Snapshot
Table 112 North America: Fire Protection System Market, by Country, 2020-2023 (USD Million)
Table 113 North America: Fire Protection System Market, by Country, 2024-2029 (USD Million)
Table 114 North America: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 115 North America: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
Table 116 North America: Fire Protection System Market, by Vertical, 2020-2023 (USD Million)
Table 117 North America: Fire Protection System Market, by Vertical, 2024-2029 (USD Million)
10.2.2 US
10.2.2.1 Establishment of Strict Fire Safety Regulations for Real Estate Developers to Expedite Market Growth
10.2.3 Canada
10.2.3.1 Expansion of Oil & Gas Business to Contribute to Market Growth
10.2.4 Mexico
10.2.4.1 High Investment in Warehouse Infrastructure Development to Drive Market
10.3 Europe
10.3.1 Recession Impact on Market in Europe
Figure 51 UK to Register Highest CAGR in Fire Protection System Market from 2024 to 2029
Figure 52 Europe: Fire Protection System Market Snapshot
Table 118 Europe: Fire Protection System Market, by Country, 2020-2023 (USD Million)
Table 119 Europe: Fire Protection System Market, by Country, 2024-2029 (USD Million)
Table 120 Europe: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 121 Europe: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
Table 122 Europe: Fire Protection System Market, by Vertical, 2020-2023 (USD Million)
Table 123 Europe: Fire Protection System Market, by Vertical, 2024-2029 (USD Million)
10.3.2 UK
10.3.2.1 Government Efforts to Increase Building Safety to Augment Demand for Fire Protection Systems
10.3.3 Germany
10.3.3.1 Introduction of Strict Fire Service Laws for Federal Buildings to Fuel Market Growth
10.3.4 France
10.3.4.1 Mandates Related to Installation of Emergence Alarms and Communication Systems to Drive Market
10.3.5 Rest of Europe
10.4 Asia-Pacific
10.4.1 Recession Impact on Market in Asia-Pacific
Figure 53 China to Account for Largest Share of Fire Protection System Market in 2029
Figure 54 Asia-Pacific: Fire Protection System Market Snapshot
Table 124 Asia-Pacific: Fire Protection System Market, by Country, 2020-2023 (USD Million)
Table 125 Asia-Pacific: Fire Protection System Market, by Country, 2024-2029 (USD Million)
Table 126 Asia-Pacific: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 127 Asia-Pacific: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
Table 128 Asia-Pacific: Fire Protection System Market, by Vertical, 2020-2023 (USD Million)
Table 129 Asia-Pacific: Fire Protection System Market, by Vertical, 2024-2029 (USD Million)
10.4.2 China
10.4.2.1 Increasing Real Estate Projects to Foster Market Growth
10.4.3 Japan
10.4.3.1 Growing Efforts to Enhance Fire Safety Awareness to Facilitate Market Growth
10.4.4 South Korea
10.4.4.1 Rising Implementation of Strict Laws to Reduce Fire-Related Damage to Drive Market
10.4.5 Rest of Asia-Pacific
10.5 RoW
10.5.1 Recession Impact on Market in RoW
Figure 55 GCC Countries to Dominate Fire Protection System Market During Forecast Period
Table 130 RoW: Fire Protection System Market, by Country, 2020-2023 (USD Million)
Table 131 RoW: Fire Protection System Market, by Country, 2024-2029 (USD Million)
Table 132 RoW: Fire Protection System Market, by Product and Service, 2020-2023 (USD Million)
Table 133 RoW: Fire Protection System Market, by Product and Service, 2024-2029 (USD Million)
Table 134 RoW: Fire Protection System Market, by Vertical, 2020-2023 (USD Million)
Table 135 RoW: Fire Protection System Market, by Vertical, 2024-2029 (USD Million)
10.5.2 GCC Countries
10.5.2.1 Growing Emphasis on Safeguarding Petroleum Refineries and Other Vital Infrastructure to Drive Market
Table 136 GCC Countries: Fire Protection System Market, by Country, 2020-2023 (USD Million)
Table 137 GCC Countries: Fire Protection System Market, by Country, 2024-2029 (USD Million)
10.5.3 Africa
10.5.3.1 Increasing Expansion of Retail Chains to Contribute to Market Growth
10.5.4 South America
10.5.4.1 Rising Development of Warehouses to Foster Market Growth
10.5.5 Rest of Middle East
11 Competitive Landscape
11.1 Introduction
11.2 Strategies Adopted by Key Players, 2020-2023
Table 138 Fire Protection System Market: Overview of Strategies Adopted by Key Players, 2020-2023
11.3 Revenue Analysis
Figure 56 Fire Protection System Market: Revenue Analysis of Top Five Players, 2018-2022
11.4 Market Share Analysis, 2023
Figure 57 Fire Protection System Market, Market Share Analysis, 2023
Table 139 Fire Protection System Market: Market Share Analysis (2023)
11.5 Financial Metrics
Figure 58 Financial Metrics (EV/EBITDA), 2022
11.6 Brand/Product Comparison
Figure 59 Brand/Product Comparison for Fire Detection Technology
11.7 Company Evaluation Matrix: Key Players, 2023
11.7.1 Stars
11.7.2 Emerging Leaders
11.7.3 Pervasive Players
11.7.4 Participants
Figure 60 Fire Protection System Market: Company Evaluation Matrix, 2023
11.7.5 Company Footprint
11.7.5.1 Overall Footprint
Figure 61 Overall Company Footprint
11.7.5.2 Product Footprint
Table 140 Company Product Footprint
11.7.5.3 Service Footprint
Table 141 Company Service Footprint
11.7.5.4 Vertical Footprint
Table 142 Company Vertical Footprint
11.7.5.5 Region Footprint
Table 143 Company Region Footprint
11.8 Company Evaluation Matrix: Start-Ups, SMEs, 2023
11.8.1 Progressive Companies
11.8.2 Responsive Companies
11.8.3 Dynamic Companies
11.8.4 Starting Blocks
Figure 62 Fire Protection System Market, Start-Up/SME Evaluation Matrix, 2023
11.8.5 Competitive Benchmarking
11.8.5.1 List of Key Start-Ups/SMEs
Table 144 Fire Protection System Market: List of Key Start-Ups/SMEs
11.8.5.2 Competitive Benchmarking of Key Start-Ups/SMEs
Table 145 Fire Protection System Market: Start-Up/SME Product Footprint
Table 146 Fire Protection System Market: Start-Up/SME Service Footprint
Table 147 Fire Protection System Market: Start-Up/SME Vertical Footprint
Table 148 Fire Protection System Market: Start-Up/SME Region Footprint
11.9 Competitive Scenarios and Trends
11.9.1 Product Launches
Table 149 Fire Protection System Market: Product Launches, February 2020-December 2023
11.9.2 Deals
Table 150 Fire Protection System Market: Deals, February 2020-December 2021
12 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 Key Players
12.1.1 Carrier
Table 151 Carrier: Company Overview
Figure 63 Carrier: Company Snapshot
Table 152 Carrier: Products/Solutions/Services Offered
Table 153 Carrier: Product Launches
Table 154 Carrier: Deals
Table 155 Carrier: Others
12.1.2 Honeywell International Inc.
Table 156 Honeywell International Inc.: Company Overview
Figure 64 Honeywell International Inc.: Company Snapshot
Table 157 Honeywell International Inc.: Products/Solutions/Services Offered
Table 158 Honeywell International Inc.: Product Launches
Table 159 Honeywell International Inc.: Deals
12.1.3 Johnson Controls
Table 160 Johnson Controls: Company Overview
Figure 65 Johnson Controls: Company Snapshot
Table 161 Johnson Controls: Products/Solutions/Services Offered
Table 162 Johnson Controls: Product Launches
Table 163 Johnson Controls: Others
12.1.4 Robert Bosch GmbH
Table 164 Robert Bosch GmbH: Company Overview
Figure 66 Robert Bosch GmbH: Company Snapshot
Table 165 Robert Bosch GmbH: Products/Solutions/Services Offered
Table 166 Robert Bosch GmbH: Product Launches
Table 167 Robert Bosch GmbH: Deals
12.1.5 Siemens
Table 168 Siemens: Company Overview
Figure 67 Siemens: Company Snapshot
Table 169 Siemens: Products/Solutions/Services Offered
Table 170 Siemens: Product Launches
12.1.6 Eaton
Table 171 Eaton: Company Overview
Figure 68 Eaton: Company Snapshot
Table 172 Eaton: Products/Solutions/Services Offered
12.1.7 Gentex Corporation
Table 173 Gentex Corporation: Company Overview
Figure 69 Gentex Corporation: Company Snapshot
Table 174 Gentex Corporation: Products/Solutions/Services Offered
12.1.8 Halma PLC
Table 175 Halma PLC: Company Overview
Figure 70 Halma PLC: Company Snapshot
Table 176 Halma PLC: Products/Solutions/Services Offered
Table 177 Halma PLC: Deals
12.1.9 Hochiki Corporation
Table 178 Hochiki Corporation: Company Overview
Figure 71 Hochiki Corporation: Company Snapshot
Table 179 Hochiki Corporation: Products/Solutions/Services Offered
Table 180 Hochiki Corporation: Product Launches
12.1.10 Teledyne Technologies Incorporated
Table 181 Teledyne Technologies Incorporated: Company Overview
Figure 72 Teledyne Technologies Incorporated: Company Snapshot
Table 182 Teledyne Technologies Incorporated: Products/Solutions/Services Offered
Table 183 Teledyne Technologies Incorporated: Product Launches
Table 184 Teledyne Technologies Incorporated: Deals
12.2 Other Players
12.2.1 API Group
12.2.2 Argus Fire Protection Company Ltd.
12.2.3 Bakerrisk
12.2.4 Ciqurix
12.2.5 Dnv As
12.2.6 Encore Fire Protection
12.2.7 Fike
12.2.8 Fire & Gas Detection Technologies, Inc.
12.2.9 Fireline Corporation
12.2.10 Gexcon
12.2.11 Iamtech
12.2.12 Insight Numerics, LLC
12.2.13 Minimax Viking GmbH
12.2.14 Msa (Msa Safety Incorporated)
12.2.15 Napco Security Technologies, Inc.
12.2.16 Orr Protection
12.2.17 Potter Electric Signal Company, LLC
12.2.18 Schrack Seconet AG
12.2.19 Securiton AG
12.2.20 S&S Sprinkler Co. LLC.
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies
13 Adjacent Markets
13.1 Introduction
13.2 HVAC System Market, by Application
Table 185 HVAC System Market, by Application, 2019-2022 (USD Billion)
Table 186 HVAC System Market, by Application, 2023-2028 (USD Billion)
13.2.1 Commercial
13.2.1.1 Growing Adoption of Energy-Efficient Equipment to Boost Demand in Commercial Spaces
Table 187 HVAC System Market, by Commercial Application Type, 2019-2022 (USD Billion)
Table 188 HVAC System Market, by Commercial Application Type, 2023-2028 (USD Billion)
Table 189 Commercial: HVAC System Market, by Cooling Equipment, 2019-2022 (USD Million)
Table 190 Commercial: HVAC System Market, by Cooling Equipment, 2023-2028 (USD Million)
Table 191 Commercial: HVAC System Market, by Heating Equipment, 2019-2022 (USD Billion)
Table 192 Commercial: HVAC System Market, by Heating Equipment, 2023-2028 (USD Billion)
Table 193 Commercial: HVAC System Market, by Ventilation Equipment, 2019-2022 (USD Million)
Table 194 Commercial: HVAC System Market, by Ventilation Equipment, 2023-2028 (USD Million)
13.2.1.2 Offices
13.2.1.3 Government Buildings
13.2.1.4 Healthcare Facilities
13.2.1.5 Education Institutions
13.2.1.6 Retail Stores
13.2.1.7 Airports
14 Appendix
14.1 Insights from Industry Experts
14.2 Discussion Guide
14.3 Knowledgestore: The Subscription Portal
14.4 Customization Options

Companies Mentioned

  • Carrier
  • Honeywell International Inc.
  • Johnson Controls
  • Robert Bosch GmbH
  • Siemens
  • Eaton
  • Gentex Corporation
  • Halma PLC
  • Hochiki Corporation
  • Teledyne Technologies Incorporated
  • API Group
  • Argus Fire Protection Company Ltd.
  • Bakerrisk
  • Ciqurix
  • Dnv As
  • Encore Fire Protection
  • Fike
  • Fire & Gas Detection Technologies, Inc.
  • Fireline Corporation
  • Gexcon
  • Iamtech
  • Insight Numerics, LLC
  • Minimax Viking GmbH
  • Msa (Msa Safety Incorporated)
  • Napco Security Technologies, Inc.
  • Orr Protection
  • Potter Electric Signal Company, LLC
  • Schrack Seconet AG
  • Securiton AG
  • S&S Sprinkler Co. LLC.

Methodology

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Table Information

Report AttributeDetails
No. of Pages276
PublishedMarch 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 71.6 Billion
Forecasted Market Value ( USD ) by 2029 $ 97.2 Billion
Compound Annual Growth Rate6.3%
Regions CoveredGlobal
No. of Companies Mentioned30

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About the Fire Protection Market

The Fire Protection market is composed of materials and devices used to prevent and extinguish fires. Fire protection materials are designed to slow the spread of fire and smoke, while fire protection devices are used to detect and suppress fires. Fire protection materials include fire-resistant building materials, such as fire-resistant walls, ceilings, and floors, as well as fire-resistant insulation and fire-resistant fabrics. Fire protection devices include fire alarms, sprinkler systems, fire extinguishers, and fire suppression systems. The Fire Protection market is a highly regulated industry, with strict standards and regulations in place to ensure the safety of people and property. Fire protection materials and devices are used in a variety of settings, including commercial and residential buildings, industrial facilities, and public spaces. Some companies in the Fire Protection market include Tyco Fire Protection Products, Johnson Controls, Siemens, Honeywell, and Kidde Fire Safety. Show Less Read more

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