NEW YORK, Sept. 3, 2021 /PRNewswire/ --
Technavio's latest research report on the Fire Detection And Suppression Systems Market offers a comprehensive analysis on new product launches, the latest trends, and the post-pandemic impact on businesses.
The fire detection and suppression systems market is estimated to grow by USD 5.04 billion during 2021-2025, growing at a CAGR of almost 5%.
The market is driven by factors such as the stringent regulations supporting improved fire safety standards and rise in the development of commercial infrastructure. However, issues associated with corrosion in fire suppression systems will hinder the market growth.
The growing adoption of model building codes is expected to open multiple growth opportunities for players in the market. But the high cost of purchase and maintenance might impact the business of vendors during the forecast period.
Some of the companies covered in this report are AFEX Fire Suppression Systems, API Group Corp., Carrier Global Corp., Emerson Electric Co., Globe Fire Sprinkler Corp., Halma Plc, Honeywell International Inc., Johnson Controls International Plc, McWane Inc., and Siemens AG.
The competitive scenario provided in the fire detection and suppression systems market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
By End-user, the market is classified into commercial buildings, industrial sector, residential buildings, government buildings, and educational buildings. The market witnessed maximum demand for fire detection and suppression systems from the commercial buildings segment in 2020.
By Geography, the market is classified as North America, Europe, APAC, MEA, and South America. APAC will have the largest share of the market.
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Key Topics Covered:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Five forces analysis 2020 & 2025
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by End-user
Comparison by End-user
Commercial buildings - Market size and forecast 2020-2025
Industrial sector - Market size and forecast 2020-2025
Residential buildings - Market size and forecast 2020-2025
Government buildings - Market size and forecast 2020-2025
Educational buildings - Market size and forecast 2020-2025
Market opportunity by End-user
Market Segmentation by Type
Comparison by Type
Fire suppression systems - Market size and forecast 2020-2025
Fire detection systems - Market size and forecast 2020-2025
Market opportunity by Type
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
AFEX Fire Suppression Systems
API Group Corp.
Carrier Global Corp.
Emerson Electric Co.
Globe Fire Sprinkler Corp.
Honeywell International Inc.
Johnson Controls International Plc
Scope of the report
Currency conversion rates for US$
List of abbreviations
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