Fire Protection Systems Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Product (Detection Systems, Suppression System), By End Users (Residential, Commercial, Industrial), And By Geography - Forecasts From 2020 To 2025

Published:  Apr 2021 Report Code: KSI061610073 Pages: 114

Global Fire Protection System market is projected to grow at a CAGR of 4.01% during the forecast period, reaching a total market size of US$68.113 billion in 2025 from US$53.795 billion in 2019. Stringent regulations regarding workers’ safety across different industries are the major driver of the fire protection system market. Fire protection systems are made according to the governments’ specified standards and regulations. The market is driving due to the growing awareness and requirement of fire protection systems to be installed in buildings and factories. There is a high risk of fire in risk-prone industries such as manufacturing, oil & gas, and energy & power which, in turn, is propelling the market growth of the fire protection system. Increasing cases of natural calamity are further contributing to the market growth of the fire protection system.

Strict and mandatory building safety codes are pressurizing building management companies to install a fire protection system. Hence, the rising construction of buildings, both residential and commercial, is positively impacting the market growth of fire protection systems. Increasing investments in smart cities provide a great opportunity to fire protection system manufacturers to expand their market share which will fuel the market growth during the forecast period. Smart cities are most likely to demand automation technologies related to fire protection systems like wireless sensory networks and centralized protection systems connected with LAN/WAN networks.

The global fire protection system market is segmented by product, end-user, and by geography. By product, the market is segmented into detection systems and suppression systems. The global fire protection system market is also segmented by end-user as residential, commercial, and industrial. The industrial sector is further segmented into healthcare, oil & gas, food & beverage, chemical, and others.

Rising demand for suppression systems

The suppression system uses a combination of dry chemicals and wet agents to control and extinguish the fire. The automatic suppression system is the most widely used fire protection system owing to its large-scale use in large commercial buildings like schools, hotels, and hospitals as they require low setup costs. The demand for suppression systems is further expected to grow in the forecast period due to the rising construction of smart cities across different regions supported by government mandates to install fire protection systems. The detection system market will also grow at a considerable CAGR during the forecast period as it allows to respond quickly and take rapid action in case of a fire breakout.

By end-user, the industrial segment holds a significant market share

The industrial segment accounted for the major share in the global fire protection system market in 2019. Growing industries such as oil & gas, chemical, and automotive around the world are significantly spurring the market growth of the fire protection system. High use of fire protection systems by oil & gas in onshore and offshore facilities, gas plants, refineries, chemical, and petrochemical plants is driving the market for the fire protection system. Growing healthcare infrastructure is bolstering the demand for fire protection systems across this sector so as to effectively detect, contain, and extinguish the fire quickly. The rising construction of office spaces, hotels, and shopping complexes are driving the market growth of fire protection systems across the commercial sector in order to minimize the risk of potential fire hazards. The residential sector will witness a substantial CAGR during the forecast period owing to the rising investments, both public and private, to boost the construction of residential buildings in order to house the ever-increasing population.

By geography, North America one of the major regional markets

Regionally, the fire protection system market is classified into North America, South America, Europe, the Middle East, and Africa, and the Asia Pacific. North America is expected to have a notable market share in the fire protection system market due to the strict workers’ safety regulations coupled with the presence of major market players in the region. High investments to ramp up the infrastructural development in North American countries also contributes to the market growth of the fire protection system in this region. For instance, the Canadian government has planned to invest a total of US$139 billion under the ‘Investing in Canada Plan’ in key infrastructure sectors through 2028. APAC will witness significant market growth during the projected period. The growth of this regional market is attributed to the increasing number of production facilities across various end-user industries like energy and power, food and beverage, chemical, and pharmaceuticals which require protection from fire to safeguard its employees and assets. Furthermore, supportive government policies and initiatives to focus on workers’ safety are also propelling the market growth of this region.  

Key Developments

  • March 2020:  -  Johnson Controls introduced TYCO® Nitrogen Corrosion Solutions portfolio for fire sprinkler systems. The product the NG-1 nitrogen generators remove corrosive oxygen and replace it with nitrogen to stop the corrosion process and increase the system’s lifespan.
  • January 2020: - Rapid Fire Protection Holdings acquired Aegis Fire Systems, Inc. which is a provider of end-to-end fire protection solutions-design, installation, and ongoing service- to the San Francisco Bay Area and the broader Northern California market.
  • September 2019: - ABB launched the new Alarm Stick, which integrates the company’s smoke, heat, and CO detectors into [email protected]®.
  • April 2019: - Century Fire Protection, a subsidiary of First Service Corporation, acquired Chief Fire Systems, Inc. and Advantage Fire Sprinkler Company, Inc.
  • June 2018: - Johnson Controls its new brand Autocall brand of fire detection systems in the Middle East to expand its product offerings.
  • September 2019: - ADT announced two asset purchase agreements with Fusion Fire Protection and Systems Group.

 Market Players and Competitive Intelligence

The competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others.

Key industry participants profiled as part of this section are Johnson Controls, Siemens, Halma, Minimax Fire Solutions International GmbH, Ultra Fog, Bosch Sicherheitssysteme GmbH, Honeywell, ABB, Encore Fire Protection, Rotarex, and Control Fire Systems Ltd.

Fire Protection Systems Market Scope:

Report Metric Details
 Market size value in 2019  US$53.795 billion
 Market size value in 2025  US$68.113 billion
 Growth Rate  CAGR of 4.01% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Product, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Johnson Controls, Siemens, Halma, Minimax Fire Solutions International GmbH, Ultra Fog, Bosch Sicherheitssysteme GmbH, Honeywell, ABB, Encore Fire Protection, Rotarex, Control Fire Systems Ltd
 Customization scope  Free report customization with purchase

Segmentation

  • By  Product
    • Detection Systems
    • Suppression System
  • By  End-User
    • Residential
    • Commercial
    • Industrial
      • Healthcare
      • Oil & Gas
      • Food and Beverage
      • Chemical
      • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the fire protection system market size by 2025?
A1. The global fire protection system market is projected to reach a total market size of US$68.113 billion by 2025.


Q2. What is the size of the global fire protection system market?
A2. Fire Protection Systems Market was valued at US$53.795 billion in 2019. 


Q3. What are the growth prospects for the fire protection system market?
A3. The fire protection system market is projected to grow at a CAGR of 4.01% during the forecast period.


Q4. Which region holds the largest market share in the fire protection system market?
A4. North America is expected to have a notable share in the fire protection system market due to the strict workers’ safety regulations coupled with the presence of major market players in the region.


Q5. What factors are anticipated to drive the fire protection system market growth?
A5. Stringent regulations regarding workers’ safety across different industries are the major driver of the fire protection system market.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
 
2. Research Methodology
2.1. Research Data
2.2. Assumptions
 
3. Executive Summary
3.1. Research Highlights
 
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
 
5. Global Fire Protection System Market Analysis, By Product
5.1. Introduction
5.2. Detection System
5.3. Suppression System
 
6. Global Fire Protection System Market Analysis, By End-User
6.1. Introduction
6.2. Residential
6.3. Commercial
6.4. Industrial
6.4.1. Oil & Gas
6.4.2. Mining
6.4.3. Food and Beverage
6.4.4. Chemical
6.4.5. Others
 
7. Global Fire Protection System Market Analysis, By Geography
7.1. Introduction
7.2. North America
7.2.1. North America Fire Protection System Market, By Product, 2020 to 2025
7.2.2. North America Fire Protection System Market, By End-User, 2020 to 2025
7.2.3. By Country
7.2.3.1. USA
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America
7.3.1. South America Fire Protection System Market, By Product, 2020 to 2025
7.3.2. South America Fire Protection System Market, By End-User, 2020 to 2025
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe
7.4.1. Europe Fire Protection System Market, By Product, 2020 to 2025
7.4.2. Europe Fire Protection System Market, By End-User , 2020 to 2025
7.4.3. By Country
7.4.3.1. Germany
7.4.3.2. France
7.4.3.3. United Kingdom
7.4.3.4. Spain
7.4.3.5. Others
7.5. Middle East and Africa
7.5.1. Middle East and Africa Fire Protection System Market, By Product, 2020 to 2025
7.5.2. Middle East and Africa Fire Protection System Market, By End-User, 2020 to 2025
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.2. Israel
7.5.3.3. UAE
7.5.3.4. Others
7.6. Asia Pacific
7.6.1. Asia Pacific Fire Protection System Market, By Product, 2020 to 2025
7.6.2. Asia Pacific Fire protection System Market, By End-User, 2020 to 2025
7.6.3. By Country
7.6.3.1. China
7.6.3.2. Japan
7.6.3.3. South Korea
7.6.3.4. India
7.6.3.5. Others
 
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
 
9. Company Profiles
9.1. Johnson Controls
9.2. Siemens
9.3. Halma
9.4. Minimax Fire Solutions International GmbH
9.5. Ultra Fog
9.6. Bosch Sicherheitssysteme GmbH
9.7. Honeywell
9.8. ABB
9.9. Encore Fire Protection
9.10. Rotarex
9.11. Control Fire Systems Ltd.

Johnson Controls

Siemens

Halma

Minimax Fire Solutions International GmbH

Ultra Fog

Bosch Sicherheitssysteme GmbH

Honeywell

ABB

Encore Fire Protection

Rotarex

Control Fire Systems Ltd

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