North America Fire Protection system Market is Expected to Reach $18.6 billion in 2018 - New Report by MicroMarket Monitor
The North America Fire Protection Systems market report defines and segments the fire protection systems market in North America with analysis and forecast of revenue.
Key players in the North America Fire Protection system Market are TYCO, Bosch Security Systems, HALMA, Honeywell, United Technologies Corporation (UTC) & others.
The North America Fire Protection Systems market report defines and segments the fire protection systems market in North America with analysis and forecast of revenue. The fire protection systems market in North America is estimated to grow from $13.5 billion in 2013 to $18.6 billion by 2018, at a CAGR of 6.7% from 2013 to 2018.
Browse through the TOC of the North America Fire Protection Systems market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the North American fire protection systems market, and is supported by various tables and figures.
The demand for advanced fire protection systems has increased in the recent past, owing to the need to restrict human casualties and loss of assets from fire incidences. This necessity for fire protection systems is accompanied by the advancements in technologies used for detecting, alarming, sensing, and monitoring in the event of a fire. Various sectors, such as oil and gas, mining, and energy & power are fast-adopting these systems for effective fire control and protection, which has led to growth in the fire protection systems market.
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Heavy financial and human losses in fire incidences in the past gave rise to the need for fire protection systems. The fire protection system market is expected to grow in this region, due to high technological advancements and stringent government regulations. The renovations and constructions of new infrastructure in this region are required to be compliant with the mandatory fire safety codes issued by the North American governments. During the forecasted feriod it is projected that the enterprises in North America will invest heavily in the fire protection system market, owing to these fire safety regulations and obligations. The vendors of this market are coming up with advanced technologies and customized equipment in order to address the specific need of these enterprises.
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This market is segmented and forecast based on various components of fire protection system, such as fire detection system, fire management system, fire analysis system, fire response system, and other protection system. The services of the North America fire protection market are Engineering Services, Integration and Design, Support and Maintenance, Managed Services, and Other Services. The market is further segmented and forecast based on major countries, including the U.S., Canada, and others.
This report includes the market share and value chain analysis, along with market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in the North America fire protection systems market.
Europe Fire Protection system Market
The European fire protection system market has been pegged at $8858.74 million in the year 2013 and is growing at 14.3% annually and is projected to reach $17313.05 million by the end of the year 2018.The European fire protection system market constituted 25.50% of the global fire protection system market in the year 2013. The European fire protection system market is segmented on basis of geographies, components, and industries.
Asia-Pacific Fire Protection system Market
The Asia-Pacific fire protection system market has been pegged at $7.72 billion in the year 2013 and is growing at 21.5% annually and is projected to reach $20.41 billion by the end of the year 2018.The Asia-Pacific fire protection system market constitutes 22.23% of the global fire protection system market and is poised to reach 30.67% by 2018.The Asia-Pacific fire protection system market is segmented on the basis of components, services, and industry segments. This report provides competitive landscape of the top players. Under strategic benchmarking section, we will provide you their key developments along with the impacts including new product development, M&A, strategic focus on any specific application, technology, and geography. Under financial, we will provide you revenues, EBITDA, etc. Under operational insights, we will provide you new capacity added, new centers, and new key employments. Under sales and marketing, we will provide you insights on new contracts (available on public domain), new distribution channels added, new marketing initiatives, etc.
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