New report on Fire protection systems (or FPS), are equipment that mitigate the unwanted impact of potentially cataclysmic fires. Often referred as active fire protection, these systems help in the manual and automatic detection as well as suppression of fires. The most popular fire protection equipment includes the fire alarm, sprinkler system and others. Rapid growth in fire incidents has resulted in causalities and loss of property. Therefore, to curb such causalities and loss of assets from fire outbreaks, the demand for cutting edge protection systems has surged in recent years. This rising need for fire protection equipment is accompanies by the increasing adoption rate of technology advancements used for sensing, detecting, monitoring etc. during fire outbreaks.
In the study, the market is segmented in terms of industry vertical, geography, type, company and competitive landscape. In terms of industry vertical, the demand side analysis of sectors including BFSI, Banking, Retail, Government and others.By type the fire protection systems market is segmented into radio frequency identification (also popular as RFID), sensors and detectors etc. Besides this the market by components consists of fire mapping as well as analysis software, stimulation software and others. The market by geography consists of Western Region, Great Plains, Canadian Shield and more. The market by types is segmented into installation and design, engineering services, managed services and more.
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Brands today are focusing on revamping and modernization of fire protection systems as a major safety element. New technology developments are further curbing the concerns overs through inspection, maintenance and testing of the systems. Brands are also seen serving the demands of centralized fire protection system, by several manufacturers. On the other hand, business strategies such as collaboration, acquisition and mergers and market expansion have contributed to the rapid growth of the fire protection system market.
Some of the major market players evaluated during the study includes Johnson Controls,VT MAK,United Technologies Corporation,Hochiki Corporation,Tyco,Honeywell International Inc.,Siemens AG, Gentex Corporation Halma PLC and Robert Bosch GmbH.
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NORTH AMERICA FIRE PROTECTION SYSTEM MARKET SEGMENTS
Market By Type
- Oil & Gas
Market By Component
- Fire Response
Market By Service
Market By Geography
- Western Region
- Great Plains
- Canadian Shield
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