It is Expected That Enterprises Will Invest in Fire Protection Systems in a Much Encouraging Rate Than in the Past

Increase in spending for protecting assets from fire hazards, along with robust growth in the build of infrastructures, has led to the boom in fire protection systems market. Enterprises across the globe have increased their spending on fire protection for safeguarding infrastructure and for reducing human losses. Technologies, such as human machine interface solutions, smart building, wireless sensory networks, and nanotechnology, are making their launch in the fire protection systems market. New advanced sensors have been developed to give accurate data to the control units. Intelligent sensors have networking capabilities, wherein a group of sensors and detectors can communicate easily through control units, leading to more efficiency in the systems. Distant users can access these intelligent sensors by connecting through LAN/WAN networks.

MarketsandMarkets forecasts the fire protection systems market to grow from $34.74 billion in 2013 to $66.56 billion in 2018. This represents a compound annual growth rate (CAGR) of 13.9% from 2013 to 2018.

The report “Fire Protection Systems Market: Fire Alarm, Sensor, RFID, Control Panel, Interface, Modeling and Simulation Software, Public Alerts and Warning, Emergency Lighting, Secure Communication, Managed Service - Worldwide Forecasts & Analysis (2013 - 2018) ” provides a comprehensive market and forecast analysis of the overall market, segmented by components, services, regions and verticals. The report covers all the major sub-segments of the fire protection systems market and provides the quantitative (market size and market growth) and qualitative (trends, analysis and insights) for those segments. This comprehensive coverage of the fire protection systems market provides important inputs, such as drivers, restraints and opportunities in this market, profiles the major players in this market, maps the competitive landscape and provides the overall perspective on the fire protection systems market in the various verticals and regions.

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The report will help the market leaders/new entrants in this market in the following ways –

  1. This report segments the market into components and services, covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across the different verticals and regions.
  2. This report will help them better understand the competitor and gain more insights to better position their business. There is a separate section on competitive landscape, including competitor ecosystem, mergers and acquisition and venture capital funding. Besides, there are company profiles of 15 top players in this market. In this section, market internals are provided that can put them ahead of the competitors.
  3. The report helps them understand the overall growth of the market. The report provides information on key market drivers, restraints, challenges, and opportunities.

There is an ongoing tussle among the eminent players such as Tyco, Bosch Security Systems, Halma plc, Honeywell, and United Technologies Corporation (UTC) in the fire protection systems market.

MarketsandMarkets has segmented the fire protection systems market by type of fire detection components: Sensors and Detectors, and Radio Frequency Identification (RFID); by type of fire management components: Control Panels, and Interfaces; by type of fire analysis components: Fire Mapping and Analysis Software, and Fire Modeling and Simulation Software; by type of fire response components: Emergency Lighting, Voice Evacuation and Public Alerts, Secure Communication, and Fire Alarm Devices; by type of services: Engineering Services, Installation and Design, Service and Maintenance, and Managed Services; by verticals: Academia and Institutional, BFSI, Consumer Goods and Retail, Energy and Power, Government, Healthcare, Manufacturing, Oil, Gas and Mining, and Transportation and Logistics; by regions: North America (NA), Asia Pacific (APAC), Europe, Middle East and Africa (MEA) and Latin America (LA).

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