Fire Protection Systems Market–Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Fire Detection System {Fire Detectors, Fire Alarm System, Others}, Fire Sprinkler System, Fire Suppression, Fire Response, Fire Analysis), By Type (Active Fire Protection Systems, Passive Fire Protection Systems), By Application (Industrial, Commercial, Residential), By Service (Ins

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format

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Fire Protection Systems Market–Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Fire Detection System {Fire Detectors, Fire Alarm System, Others}, Fire Sprinkler System, Fire Suppression, Fire Response, Fire Analysis), By Type (Active Fire Protection Systems, Passive Fire Protection Systems), By Application (Industrial, Commercial, Residential), By Service (Ins

Global Fire Protection Systems

In order to prevent fires from spreading, certified devices called fire prevention systems are created in accordance with the requirements set by regulatory and governmental organizations. These items are employed in the detection and suppression of fire. These systems include equipment that helps with fire emergencies, such as smoke and flame detectors. Sprinkler systems and alarm valves are two of the most popular fire safety devices.

Due to a lack of raw materials and supply chain disruptions caused by the Russia-Ukraine war, the market for fire protective materials suffered. The compounds that are frequently used to defend against fire, sealants, are produced in large quantities in both nations. The geopolitical unrest also had an impact on the export of sealants, which slowed the expansion of the sector. However, it is anticipated that the global government effort to put an end to the war would help to moderate the growth of the market for fire protective materials.

Commercial Application to Dominate the Market

Download Free Sample ReportIncreasing Importance of Code Compliance

Fire Protection 4.0

Increased Concern for Employee Safety

Surge In Residential & Non-residential Construction Activities

Recent Development

  • Hempel A/S announced theintroduction of its protection material for the hydrocarbon PFP market in June2022. Hempafire XTR 100 is a thin, light-weight coating that will be used tosafeguard oil and gas downstream assets from hydrocarbon passive fires.
  • Henkel produced two newfire protection coating materials, Loctite FPC 5060 and Loctite EA 9400, toshield electric car batteries against fire and heat in the event of a thermalrunaway. The goods were made available for purchase in April 2022. Aspreviously said, the coatings on battery packs would aid in preventing anddelaying the development of flames to safeguard the occupants and give themtime to escape the vehicle.
  • In addition, Honeywellintroduced a new cloud platform for fire protection systems in October 2024-2032.This platform allowed specialists to speed up the process of designing,installing, commissioning, and maintaining the safety of systems while minimizingdisturbance and aiding in compliance.

Market Segmentation

Market Players

Attribute

Details

Base Year

2022

Historic Data

2018 â€“ 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Product

Fire Detection Systems Type

Type

Application

Service

Region

Regional scope

North America, Asia-Pacific, Europe, South America, Middle East

Country scope

United States, Canada, Mexico, China, Indian, Japan, South Korea, Indonesia, Germany, United Kingdom, France, Russia, Spain, Brazil, Argentina, Saudi Arabia, South Africa, UAE, Egypt, Israel

Key companies profiled

Johnson Controls International plc, Honeywell International, Inc., Raytheon Technologies Corporation, Gentex Corporation, Siemens AG, Robert Bosch GmbH, Halma plc, Eaton Corporation PlcUSG Corporation, W. R. Grace & Co.-Conn.

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