Global Fire Suppression Market by Product, Suppression Reagent, Sector and Region - Forecast to 2023 - ResearchAndMarkets.com
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 HighlightsFM200 (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.
DriversTechnological Advancements & Innovations in Construction Industry Increasing Policies, Regulations and Government Mandates Increased Damage to Human Life & Property Due to Fire Breakouts
RestraintsHigh Installation and Maintenance Costs of Fire Suppression Systems Lack of Integrity in System Interfaces
OpportunitiesImprovement in HMI Solutions Amendments in Rules & Mandatory Standards
ChallengesDeclining Prices of Oil & Gas
1.1 Study Objectives
1.3 Study Scope
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
5.2 Market Dynamics
6 Fire Suppression Market, By Product
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
8 Fire Suppression Market, By Sector
9 Geographic Analysis
9.2 North America
9.4 Asia Pacific
9.5 Rest of the World (RoW)
10 Competitive Landscape
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
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Related Topics:Fire Protection Materials and Devices
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 11/28/2018 05:51 AM/DISC: 11/28/2018 05:51 AM