The fire detection and suppression market is projected to grow at a CAGR of 7.08% to reach US$21.096 billion by 2023, from US$13.997 billion in 2017. The fire detection and suppression market is projected to grow on account of growing construction activities globally. Moreover, the rising fire incidents is resulting in increasing installation of fire detection and suppression system, which is further supplementing the growth of the market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the fire detection and suppression value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the fire detection and suppression market.
Major industry players profiled as part of the report are Siemens AG, Johnson Control International plc, Honeywell International Inc., and Robert Bosch GmbH among others.
Segmentation
The fire detection and suppression market has been analyzed through following segments:
By Component
Fire Detection
Region
Type
Control Panels
Initiating Devices
Notification Devices
Fire Suppression
Region
Type
Fire Extinguisher
Sprinklers
By End User
Commercial
Region
Residential
Region
Industrial
Region
Government
Region
By Geography
North America
Type
End User
Countries
United States
Canada
Mexico
Others
South America
Type
End User
Countries
Brazil
Argentina
Others
Europe
Type
End User
Countries
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Type
End User
Countries
Saudi Arabia
Israel
Others
Asia Pacific
Type
End User
Countries
China
Japan
Korea
India
Others
Summary:
Get latest Market Research Reports on Fire Detection and Suppression . Industry analysis & Market Report on Fire Detection and Suppression is a syndicated market report, published as Fire Detection and Suppression Market - Forecasts from 2018 to 2023. It is complete Research Study and Industry Analysis of Fire Detection and Suppression market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.