[ad_1]
NEW YORK, July 13, 2022 /PRNewswire/ — The Fire Detection and Suppression Systems Market is expected to grow by USD 5.04 billion at a CAGR of 4.53% during the forecast period, according to Technavio. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AFEX Fire Suppression Systems, API Group Corp., Carrier Global Corp., Emerson Electric Co., Globe Fire Sprinkler Corp., Halma Plc, Honeywell International Inc., Johnson Controls International Plc, McWane Inc., and Siemens AG are some of the major market participants.
The stringent regulations supporting improved fire safety standards, rise in the development of commercial infrastructure, and growing adoption of model building codes will offer immense growth opportunities. However, issues associated with corrosion in fire suppression systems, high cost of purchase and maintenance and compliance with codes and standards will challenge the growth of the market participants.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The report offers an up-to-date analysis and to know the exact growth variance and the YOY growth rate Request a Sample Report.
Fire Detection and Suppression Systems Market Segmentation
- End-User
- Commercial Buildings
- Industrial Sector
- Residential Buildings
- Government Buildings
- Educational Buildings
- Type
- Fire Suppression Systems
- Fire Detection Systems
- Geography
- North America
- Europe
- APAC
- MEA
The commercial buildings category will significantly increase its market share in fire detection and suppression systems. Within the entire market, commercial buildings would experience the second-fastest growth, increasing from $6.68 billion in 2020 to $8.58 billion in 2025. Commercial buildings would account for 37.70% of the incremental market increase.
Learn more about the additional trends impacting the future of the market and the positive and negative consequences on the businesses., download sample: https://www.technavio.com/talk-to-us?report=IRTNTR44668
Fire Detection and Suppression Systems Market Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our fire detection and suppression systems market report covers the following areas:
- Fire Detection and Suppression Systems Market size
- Fire Detection and Suppression Systems Market trends
- Fire Detection and Suppression Systems Market industry analysis
This study identifies the emergence of eco-friendly fire extinguishing products as one of the prime reasons driving the fire detection and suppression systems market growth during the next few years.
Fire Detection and Suppression Systems Market Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Fire Detection and Suppression Systems Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Fire Detection and Suppression Systems Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
- AFEX Fire Suppression Systems
- API Group Corp.
- Carrier Global Corp.
- Emerson Electric Co.
- Globe Fire Sprinkler Corp.
- Halma Plc
- Honeywell International Inc.
- Johnson Controls International Plc
- McWane Inc.
- Siemens AG
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Latest Sample Report.
Fire Detection and Suppression Systems Market Key Highlights
- CAGR of the market during the forecast period
- Detailed information on factors that will assist fire detection and suppression systems market growth during the next five years
- Estimation of the fire detection and suppression systems market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the fire detection and suppression systems market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of fire detection and suppression systems market vendors
Related Reports:
Laser Cutting Machine Market by Product, End-user, and Geography – Forecast and Analysis 2022-2026
Welding Equipment Market by End-user and Geography – Forecast and Analysis 2022-2026
Full story available on Benzinga.com
[ad_2]
Source link
