Fire Protection Systems Market Share, Size and Forecast 2025

Fire Protection Systems Market to 2025 - Global Analysis and Forecasts by Technology (Active and Passive); Product Type (Detectors, Sprinklers, Extinguishers and Alarm); and End Users (Educational Institutions, Consumer Goods & Retail, Energy & Power, Governmental, Healthcare, Manufacturing, Oil & Gas, Mining and Others)

Publication Month : Jun 2018

  • Report Code : TIPTE100000629
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 168
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The fire protection system market accounted for US$ 52.64 Bn in 2017 and is expected to grow at a CAGR of 10.5% during the forecast period 2018 to 2025, to account for US$ 116.51 Bn by 2025.

Growth in the recent five years is primarily driven by two major factors, such as need for a safe and efficient fire protection system inside buildings owing to increasing urbanization, and necessity to adhere to the stringent fire compliances and regulations.

The global fire protection system market is experiencing a steady growth in the current scenario and is anticipated to rise in the coming years. The fire protection system market consists of some well-established players across the globe, which invest huge amounts in order to deliver the most advanced technology to the customers. The aircraft manufacturers on the other hand, are procuring the advanced technologies from the aircraft component manufacturers to deliver passengers with additional value-added services and thus, empower the passenger with a superior travel experience. This factor is helping the fire protection system market to surge over the period.

 

Fire Protection System Market

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Fire Protection System Market Insights

Need for a safe and efficient fire protection system inside buildings owing to increasing urbanization

The 21st century has witnessed huge influx of population in the urban cities of developed and developing economies in search of better life. Higher standards of living, higher job opportunities, access to modern amenities and services are the few major factors that have contributed in the migration of rural population to the urban areas around the world. Developing economies witnessed a steady growth in the post-recession era and thus there was rise in the disposable incomes by consumers. As per the data from Worldbank, currently 54% of the entire globe’s population resides in the urban areas while the remaining percentages are still residing in the rural areas. Hence, close to 4 billion of the world’s population houses in the urban areas piling up pressure on the infrastructures in the urban areas. As a result, density of population in these areas has reached unprecedented levels.

Thus, the need for a robust fire protection system in order to be prepared to handle any critical situation and avoid fire losses is evident. Thus, the demand for a safer, efficient and quicker response fire protection system have been driving the fire protection system market in the recent times.

Necessity to adhere to the stringent fire compliances and regulations

Majority of the advanced and developing economies have laid down stringent fire regulations regarding the construction of new buildings in order to ensure safety for occupants. Countries such as North America, Australia, Canada, Mexico, UK, Germany, Spain, Italy and India have laid down stringent regulations. Also, the concerned authorities have laid down heavy punishments in case of violence of the codes. Virtually every building, process, service, design, and installation is affected by NFPA’s codes and standards. These codes and standards, reflect changing industry needs and evolving technologies, supported by research and development, and practical experience. The laying of such rules and regulations have been driving the adoptions of fire protection system market globally.

Fire Protection System Market by Region

Fire Protection System Market
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Fire Protection Systems Market: Strategic Insights

fire-protection-system-market
Market Size Value inUS$ 52.64 Billion in 2017
Market Size Value byUS$ 116.51 Billion by 2025
Growth rateCAGR of 10.5% from 2018-2025
Forecast Period2018-2025
Base Year2018
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Few of the recent strategies by some of the players in fire protection system market landscape are listed below-

2018:The Southern Branch of National Palace Museum, situated in (Taiwan), installed Honeywell’s Notifier fire alarm system, to provide integrate system integration with in minimum operational costs and facilitates customization as per the museum’s future needs. Notifier system is paired with another system to help in evacuations by giving signal through a different sound.
2018:Siemens AG is working with Skanska Walsh under a joint venture to install Siemens Intelligent Infrastructure Solution into the new central terminal complex at LaGuardia International Airport (US). The intelligent solution comprises of fire and life safety system and integrated building automation.
2018:Viking announced the plans for new R&D centers and headquarter in Caledonia Township, West Michigan. This expansion will create high-tech training skill for supporting the organization’s aim for maintaining its position as a leader in fire protection services.

The report segments the global fire protection system market are as follows:

Fire Protection System Market – By Type

  • Active Fire Protection System
  • Passive Fire Protection System

Fire Protection System Market – By Product

  • Fire Detection System
  • Fire Alarm System
  • Fire Suppression System
  • Others

Fire Protection System Market – By End-Use Industry

  • Residential
  • Commercial
  • Government
  • Power & Energy
  • Mining
  • Transportation
  • Manufacturing
  • Oil & Gas
  • Others


Fire Protection System Market – By Geography

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • Spain
    • U.K.
    • Rest of Europe
  • Asia Pacific (APAC)

    • Japan
    • China
    • India
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)

    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Qatar
    • Rest of MEA
  • South America (SA)

    • Brazil
    • Rest of SAM


Global Fire Protection System Market - Company Profiles

  • Honeywell International, Inc.
  • Johnson Controls, Inc.
  • Robert Bosch GmBH
  • Siemens AG
  • United Technologies
  • Hochiki Corporation
  • Minimax Viking GmbH
  • Gentex Corporation
  • VFP Fire Systems, Inc.
  • Halma PLC
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Technology ; Product Type ; and End Users

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies - Fire Protection Systems Market

  1. Honeywell International, Inc.
  2. Johnson Controls, Inc.
  3. Robert Bosch GmBH
  4. Siemens AG
  5. United Technologies
  6. Hochiki Corporation
  7. Minimax Viking GmbH
  8. Gentex Corporation
  9. VFP Fire Systems, Inc.
  10. Halma PLC

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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