Fire Protection Systems Market, (By Product Type: Fire Response, Fire Analyses, Fire Detection, Fire Suppression, Fire Sprinkler System. By Services: Maintenance Services, Managed Services, Engineering Services & Other. By Application Type: Government, Commercial, Residential, Industrial and Manufacturing & Others. By Region - North America, Europe, Asia Pacific, and LAMEA) – Global Industry Insights, Analysis, Trends, and Forecast 2022-2032

The global fire protection systems market was valued at $61.7 billion in 2021 and it is expected to reach $126.3 billion at a CAGR of 6.6% between 2022 and 2032. A fire protection system is a kind of fundamental to safeguarding a building from fire or any kind of destruction. However, the main aim of a fire protection system is to prevent damage and losses caused by fire. Therefore, the goal is to provide the widest possible window for a safe evacuation and it is also the reducing the potential repair costs.         

By region, North America held the largest share in the fire protection systems market in last couple of years. 

The fire protection system is categorized into passive and active system. Active systems are created to help fight fires and passive systems are created to prevent the passage of flames and smoke. A fire protection system is one of the essential systems which are required to be installed mostly in buildings, industrial establishments, and offices, among other buildings. There are many fire protection systems such as fire detectors, fire response systems, fire suppression systems, fire analysis software, and fire sprinkler systems. These kinds of systems are widely installed in various organizations and infrastructures such as residential buildings, commercial buildings, and other industrial buildings as well. The focus on safety is gradually increasing in demand. Therefore, the fire protection system market has been getting several opportunities to make a huge growth during the forecast period. Due to the increasing risks involved in upstream activities, these industries would surely make essential business opportunities for the fire protection systems market across various regions. Moreover, the number of property damage is growing due to fire accidents or destructions, which has driven the growth of the market. 

Source: SAI Research

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Based on product type, the market is segmented into fire response, fire analysis, fire detection, fire suppression, and fire sprinkler system. The fire detection segment holds the largest share across the globe. This system constitutes various devices that can help detect and warn people via video and audio systems while an incident has occurred such as smoke, carbon monoxide, fire, and other fire-related emergencies. The demand for fire detection systems has increased in countries such as the U.S, Australia, and Canada, among others. Based on services, the installation and design service category held the maximum share of the market due to the increasing adoption of this segment in developed countries, further fueling the market growth. 

Based on application, the market is segmented into government, commercial, residential, manufacturing industries, oil, gas, mining, and others. The commercial segment is anticipated to witness significant growth during the forecast period. This commercial category consists of applications for retail, government, BFSI, healthcare sector, telecom, and IT educational institutions, among others. This segment is dominating the market due to the governmental support for fire prevention across the globe. Along with this, the manufacturing and industrial category is also dominating the market due to its wide usage in major sectors such as oil, gas, mining, energy, and power manufacturing industries. Based on regions, the fire protection systems market is segmented into North America, Europe, Asia-Pacific, Latin America, Africa, and Middle Eastern Countries. The North American region dominates the market and it is expected to hold the maximum revenue share during the upcoming years due to the rising adoption of fire protection systems across the region.

According to the study, key players such as Johnson Controls HVAC Company (Ireland), Carrier Global Home Appliance Company (U.S), Honeywell Multinational Conglomerate Company (U.S), Siemens Automation Company (Germany), Halam Plc Company (U.K), Robert Bosch Stiftung GMBH Company (Germany), Hochiki Corporation Security Systems Services Company (Japan), Gentex Fire Protection Company (U.S), Minimax Viking GmbH (Germany), Securitas AG Company (Switzerland), Argus Fire Protection Company (U.K), Eaton Corporation Company (U.S), Raytheon Technologies Aerospace and Defense Corporation (U.S), Nitin Fire Protection Inds Company (India), Tyco International Security Company (Ireland), HD Fire Protection Private Limited (India), UTC Multinational Conglomerate Company (U.S), Concejo Compny (Sweden), Yamato Protec Corporation (Japan), Swastik Synergy Engineering Private Limited (India), NAFFCO Firefighting Company (United Arab Emirates), Gunnebo Group Security Company (Sweden), Solas Fire Safety Equipment Private Limited Company (India), McWane Manufacturing Company (U.S), Fike Corporation (U.S), Emirates Firefighting Equipment Factory LLC (United Arab Emirates), Saudi Factory for Fire Equipment (United Arab Emirates), among others are leading the global fire protection systems market. 

Scope of the Report:

The Global Fire Protection Systems Market Has Been Segmented Into:

The Global Fire Protection Systems Market – By Product Type: 

• Fire Response
• Fire Analyses
• Fire Detection
• Fire Suppression
• Fire Sprinkler System

The Global Fire Protection Systems Market – By Services:

• Maintenance Services
• Managed Services
• Engineering Services
• Installation Services
• Design Services
• And Other Services

The Global Fire Protection Systems Market – By Application Type:

• Government
• Commercial
• Residential
• Industrial and Manufacturing
• Energy and Power
• Oil, Gas and Mining
• And Others

The Global Fire Protection Systems Market – By Regions:      

North America 

• U.S.
• Canada
• Mexico

Europe

• Germany
• France
• Italy
• U.K.
• Russia
• Rest of Europe Countries

Asia-Pacific

• India
• China
• Japan
• South Korea
• North Korea
• Rest of Asian Countries

LAMEA

• Brazil
• Saudi Arabia
• Rest of LAMEA