AP NEWS

Global Fire Suppression Market by Product, Suppression Reagent, Sector and Region - Forecast to 2023 - ResearchAndMarkets.com

November 28, 2018

DUBLIN--(BUSINESS WIRE)--Nov 28, 2018--The “Fire Suppression Market by Product (Fire Suppressors, Fire Detectors and Control Panels, Sprinklers, Nozzles, Caps, and Control Heads), Suppression Reagent, Sector (Residential, Commercial, Industrial), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The fire suppression market is estimated to be worth USD 22.97 billion in 2018 and is projected to reach USD 29.13 billion by 2023, at a CAGR of 4.87% between 2018 and 2023.

Key factors such as technological advancements and innovations in the construction industry; increasing policies, regulations, and government mandates; and increased damage to human life and property due to fire breakouts are driving the fire suppression market growth.

Major factors restraining the fire suppression market growth are high installation and maintenance costs of fire suppression systems and the lack of integrity in system interfaces.

Key Highlights

FM200 (fire suppression reagent) accounted for the largest market size in 2017. Oil & gas and mining accounted for the largest market size in 2017. Asia Pacific held the largest share of the fire suppression market in 2017.

Major companies in the fire suppression market are Johnson Controls, United Technologies, Robert Bosch, Siemens, Halma, Hochiki, Firefly, Minimax Viking, Honeywell, and S&S Fire Suppression Systems. Key innovators in the market are EMS Security Group, Electro Detectors, Napco Security Technologies, Fike, and Gentex.

Other key players are Noha Norway, Sterling Safety Systems, FireProTec, Fire Suppression Limited, and Encore Fire Protection. These companies are focusing on product launches and developments, acquisitions, and collaborations to enhance their product and service offerings and expand their businesses.

Market Dynamics

Drivers

Technological Advancements & Innovations in Construction Industry Increasing Policies, Regulations and Government Mandates Increased Damage to Human Life & Property Due to Fire Breakouts

Restraints

High Installation and Maintenance Costs of Fire Suppression Systems Lack of Integrity in System Interfaces

Opportunities

Improvement in HMI Solutions Amendments in Rules & Mandatory Standards

Challenges

Declining Prices of Oil & Gas

Topics Covered

1 Introduction

1.1 Study Objectives

1.2 Definition

1.3 Study Scope

1.4 Currency

1.5 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Secondary and Primary Research

2.3 Market Size Estimation

2.4 Market Breakdown and Data Triangulation

2.5 Research Assumptions

3 Executive Summary

4 Premium Insights

4.1 Fire Suppression Market

4.2 Fire Suppression Market, By Product (2018-2023)

4.3 Fire Suppression Market, By Suppression reagent (2018-2023)

4.4 Fire Suppression Market, By Sector (2018-2023)

4.5 Key Regions to Invest in During Forecast Period

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

6 Fire Suppression Market, By Product

6.1 Introduction

6.2 Fire Detectors and Control Panels

6.3 Fire Sprinklers, Nozzles, Caps and Control Heads

6.4 Fire Suppressors

7 Fire Suppression Market, By Suppression Reagent

7.1 Introduction

7.2 Chemical

7.3 Gaseous

7.4 Water

7.5 Foam

8 Fire Suppression Market, By Sector

8.1 Introduction

8.2 Residential

8.3 Commercial

8.4 Industrial

9 Geographic Analysis

9.1 Introduction

9.2 North America

9.3 Europe

9.4 Asia Pacific

9.5 Rest of the World (RoW)

10 Competitive Landscape

10.1 Overview

10.2 Market Player Ranking Analysis

10.3 Competitive Situations & Trends

11 Company Profiles

11.1 Key Players

11.2 Key Innovators

11.3 Other Key Players

For more information about this report visit https://www.researchandmarkets.com/research/cjlvf7/global_fire?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181128005312/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Fire Protection Materials and Devices

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/28/2018 05:51 AM/DISC: 11/28/2018 05:51 AM

http://www.businesswire.com/news/home/20181128005312/en

AP RADIO
Update hourly