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Fire Protection System Market Size Analysis 2021: Competitive Insights, Leading Players, and Growth Opportunities by 2030

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The fire protection system market demand stood at 68.3 billion in 2021 and is forecast to reach 116.8 billion by 2030, growing at a healthy CAGR of 7.1% until FY2030, according to a 2021 study by Precedence Research, the Canada-based market Insight Company.

The report contains 150+ pages with detailed analysis and it is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). Fire protection systems are the most essential safety systems that need to be installed in the buildings. It is used to detect, control and protect the occupants of the building during a fire accident. It helps in extinguishing the smoke or fire in the building and also reduces the impact of the fire accident. Fire protection systems comprises of equipment’s such as fire response systems, fire detectors, fire analysis software, fire suppression systems, and fire sprinkler systems.

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Market Report Scope

Report Highlights Details
Market Size USD 116.8 Billion by 2030
Growth Rate CAGR of 7.1% From 2021 to 2030
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Service, Application, Region

Crucial factors accountable for market growth are:

  • The presence of fire protection systems in the building reduces the impact of fire accidents.
  • Strict Government regulation for installation of fire protection systems fosters the market growth.
  • Rapid technological development enables the integration of smart technologies with the fire protection systems.
  • The rapid growth of the construction industry in the developing countries.

Report Highlights

  • Asia Pacific region is expected to grow at highest CAGR during the forecast period owing to the presence of flourishing economies with rapid urbanization.
  • The stringent rules and regulation regarding the safety of the public will boost the market growth.
  • The commercial application segment leads the market accounting for more than 48.5% revenue share in 2020 and is estimated to grow significantly in the upcoming years
  • By Geography, North America dominates the market contributing a revenue share of more than 38% in 2020 owing to the surge in demand for smart houses and intelligent buildings.

Market Dynamics

Driver – The installation of the fire protection systems in the buildings help in controlling and reducing the impact of fire accidents and this factor is anticipated to drive the growth of the fire protection system market. For instance, Honeywell International Inc, has developed Xtralis VESDA-E VEP aspirating smoke detector system that yields 1.5 times greater sensitivity and offers six times better dust rejection than the previous generation of products, significantly reducing the potential for nuisance alarms and reducing related customer costs. It can also be connected with Wi-fi that enables the remote monitoring of the real time status. This development is expected to drive the growth of the fire protection system market.

Restraint – The major restraining factor that will negatively impact the growth of the Fire Protection System Market includes the high cost involved in the installation and maintenance of the fire protection systems.

Opportunity – With the advancement of technologies, the fire protection systems can now be coupled with smart technologies such as IoT and big data. This integration of technologies with fire protection systems will enable the remote monitoring of the building and this development will find huge opportunities for market growth.

Challenges – The integration of fire protection system with the central control mechanism that will efficiently work in case of any emergencies is one of the major challenges encountered by the fire protection system market.

Recent Developments

  • On 30th September 2021, Johnson Controls, the global leader for smart, healthy and sustainable building announced that its industrial heat pump technology has supported Entra ASA, a Norwegian real estate company in securing top honors in the prestigious Heat Pump Award 2021.
  • On 11th October 2021, Siemens Corporation announced its latest development Siemens FDA241 a smoke detector that utilizes two sensing wavelengths to differentiate between smoke and deceptive phenomena, facilitating increased detection reliability even in challenging environments.
  • On 19th April 2021, Siemens Corporation announced about the launch of Cerberus FIT, a new version of the fire protection system focusing on the expansion of the small to medium-sized buildings market. Cerberus FIT increase the fire safety by improving the functionality and enhanced productivity.
  • On 9th August 2021, Halma, the global group of life-saving companies, has announced that it has acquired Three companies that will strengthen its purpose of growing a safer, cleaner, healthier future for everyone, every day. This acquisition forms a part its strategy of actively managing its portfolio of global businesses.

Regional Snapshots

Europe is estimated to witness significant growth during the forecast period owing to the increased awareness regarding the fire safety systems and the presence of Governing agencies such as The Confederation of Fire Protection Associations Europe (CFPA-Europe) that strictly regulates the building safety features. For instance, Robert Bosch GmbH, a German multinational engineering and technology company announced the launch of Avenar panel 2000 and 8000 which is a new innovative fire alarm panel platform offering unparalleled connectivity and scalability from small to large-sized installations. The users of the control safety devices such as door controls, voice alarms and others can now be controlled using this panels display via eMatrix feature. This development in Europe is anticipated to drive the growth of the fire protection system market in Europe.

Competition Landscape

In the final section of the research report, Precedence Research provided the global fire protection system market structure and a detailed competition landscape to provide a dashboard view of key players operating in the fire protection system market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the fire protection system market include:

Johnson Controls; Honeywell International Inc.; Raytheon Technologies Corporation; GENTEX Corp.; Siemens; Robert Bosch GmbH; Halma plc and Eaton.

Market Segmentation

By Product

  • Fire Detection
  • Fire Suppression
  • Fire Response
  • Fire Analysis
  • Fire Sprinkler System

By Services

  • Managed Service
  • Installation and Design Service
  • Maintenance Service
  • Others

By Application

  • Commercial
  • Industrial
  • Residential

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Why should you invest in this report?

If you are aiming to enter the global fire protection system market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for fire protection system are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Fire Protection System Market, By Product

7.1. Fire Protection System Market, by Product Type, 2021-2030

7.1.1. Fire Detection

7.1.1.1. Market Revenue and Forecast (2019-2030)

7.1.2. Fire Suppression

7.1.2.1. Market Revenue and Forecast (2019-2030)

7.1.3. Fire Response

7.1.3.1. Market Revenue and Forecast (2019-2030)

7.1.4. Fire Analysis

7.1.4.1. Market Revenue and Forecast (2019-2030)

7.1.5. Fire Sprinkler System

7.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 8. Global Fire Protection System Market, By Application

8.1. Fire Protection System Market, by Application, 2021-2030

8.1.1. Commercial

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Industrial

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Residential

8.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Fire Protection System Market, By Services 

9.1. Fire Protection System Market, by Services, 2021-2030

9.1.1. Managed Service

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Installation and Design Service

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Maintenance Service

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Fire Protection System Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.3. Market Revenue and Forecast, by Services (2019-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.4.3. Market Revenue and Forecast, by Services (2019-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.1.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.5.3. Market Revenue and Forecast, by Services (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.3. Market Revenue and Forecast, by Services (2019-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.4.3. Market Revenue and Forecast, by Services (2019-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.5.3. Market Revenue and Forecast, by Services (2019-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.6.3. Market Revenue and Forecast, by Services (2019-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Product (2019-2030)

10.2.7.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.7.3. Market Revenue and Forecast, by Services (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.3. Market Revenue and Forecast, by Services (2019-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.4.3. Market Revenue and Forecast, by Services (2019-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.5.3. Market Revenue and Forecast, by Services (2019-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.6.3. Market Revenue and Forecast, by Services (2019-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Product (2019-2030)

10.3.7.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.7.3. Market Revenue and Forecast, by Services (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.3. Market Revenue and Forecast, by Services (2019-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.4.3. Market Revenue and Forecast, by Services (2019-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.5.3. Market Revenue and Forecast, by Services (2019-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.6.3. Market Revenue and Forecast, by Services (2019-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Product (2019-2030)

10.4.7.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.7.3. Market Revenue and Forecast, by Services (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.3. Market Revenue and Forecast, by Services (2019-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.4.3. Market Revenue and Forecast, by Services (2019-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Product (2019-2030)

10.5.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.5.3. Market Revenue and Forecast, by Services (2019-2030)

Chapter 11. Company Profiles

11.1. Siemens

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Johnson Controls

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Raytheon Technologies Corporation

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Honeywell International Inc.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. GENTEX Corp.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Halma plc

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Robert Bosch GmbH

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Eaton

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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