Global Fire Protection Systems Market will Grow Exponentially during 2016 – 2024
United States, 16 March 2017 -- Fire protection is the practice and study of justifying the unwanted effects of a fire that could be destructive. It involves examining the compartmentalization, behavior, investigation, and suppression of the fire.
Zion Market Research, the market research group announced the analysis report titled 'Fire Protection Systems Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024'
Global Fire Protection Systems Market: Overview
Fire protection is the practice and study of justifying the unwanted effects of a fire that could be destructive. It involves examining the compartmentalization, behavior, investigation, and suppression of the fire.
Global Fire Protection Systems Market: Growth Factors
The global fire protection systems market is likely to witness a huge positive growth around the global in the near future. Increased number of the fire incidents has elevated the growth of the global market. The rise in the awareness of the fire protection system among the people has also elevated the growth of the global fire protection systems market.
On the other hand, the high cost of the ownership of the fire protection systems is the main reason to hamper the growth of the global market. In addition to this, high cost for maintenance is one of the main reasons hindering the growth of the global market.
Global Fire Protection Systems Market: Segmentation
Based on technology, the global fire protection systems market is mainly classified as active fire protection systems and passive fire protection systems
On the basis of fire detection systems, the global market is segmented into flame detectors, sensors and detectors, single UV, single IR, double UV/IR, multi IR, triple IR (IR3), photoelectric, smoke detectors, RFID systems, ionization chamber, and others.
Based on the fire management systems, the global fire protection systems market is mainly divided as wet fire sprinklers, pre-action fire sprinklers, dry fire sprinklers, deluge fire sprinklers, water extinguishers, fire extinguishers, foam extinguishers, CO2 extinguishers, dry chemical extinguishers, and others.
On the basis of fire analysis software, the global market is segmented into fire mapping and analysis software and fire modeling and simulation software.
Based on the fire response systems, the global fire protection systems market is mainly divided as voice evacuation and public alert systems, emergency lighting systems, fire alarm devices, secure communication systems, and others.
On the basis of service, the global market is segmented into installation & design services, engineering services, managed services, maintenance services, and other services.
Based on industry verticals, the global fire protection systems market is mainly classified as healthcare, hospitality, manufacturing, telecommunication and IT, and various other companies.
Global Fire Protection Systems Market: Regional Analysis
Geographically, the global fire protection systems market is bifurcated as North America, Asia-Pacific, and Rest of the World. The main reason for the global market to boost up in North America is the rise in the concern about safety and security. Asia Pacific countries such as India and China will show a drastic growth in the global fire protection systems market due to increased number of fire accidents in the near future.
Global Fire Protection Systems Market: Competitive Players
Key players in the global fire protection systems services market are Johnson Controls, Honeywell International Inc, Tyco International Plc, Siemens AG, United Technologies Corporation, and others.
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