Fire Protection Systems in Europe
Summary
Fire Protection Systems in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.Key Highlights
- A fire protection system is designed to prevent the destructive and potentially life-threatening consequences of fire. These systems serve to extinguish flames or smoke and alert building occupants, thereby reducing the risk of loss of life and property. Market scope encompasses products related to fire suppression, sprinklers, detection, analysis, and response. Market value represents revenue generated by market players in a specific year.
- The European fire protection systems market recorded revenues of $22.5 billion in 2023, representing a compound annual growth rate (CAGR) of 1.9% between 2018 and 2023.
- The commercial segment accounted for the market's largest proportion in 2023, with total revenues of $14.5 billion, equivalent to 64.4% of the market's overall value.
- The European fire protection market is driven by evolving regulatory standards under the EU’s Construction Products Regulation (CPR), which mandates that all fire safety products meet stringent performance requirements. In 2023, the European Committee for Standardization (CEN) updated fire safety standards to include specifications for eco-friendly fire-resistant materials and low-emission fire suppression systems, aligning fire safety with the EU’s Green Deal objectives.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the fire protection systems market in Europe
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the fire protection systems market in Europe
- Leading company profiles reveal details of key fire protection systems market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Europe fire protection systems market with five year forecasts
Reasons to Buy
- What was the size of the Europe fire protection systems market by value in 2023?
- What will be the size of the Europe fire protection systems market in 2028?
- What factors are affecting the strength of competition in the Europe fire protection systems market?
- How has the market performed over the last five years?
- What are the main segments that make up Europe's fire protection systems market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Johnson Controls International Plc
- Honeywell International Inc
- Bosch Security Systems
- Siemens AG