December 5, 2021

Fire Protection System Market to grow at a CAGR of 6.58 % by 2026 | Evolving Opportunities with Carrier Global Corp., Gentex Corp. | 17000+ Technavio Reports

NEW YORK, Nov. 25, 2021 /PRNewswire/ — The fire protection system market size is set to grow by USD 12.66 billion…

NEW YORK, Nov. 25, 2021 /PRNewswire/ — The fire protection system market size is set to grow by USD 12.66 billion from 2021 to 2026 at a CAGR of 6.58% according to the latest report by Technavio. Carrier Global Corp., Gentex Corp., Halma Plc, HOCHIKI Corp., Honeywell International Inc., Johnson Controls International Plc, Minimax Viking GmbH, Robert Bosch GmbH, SECURITAS AG, and Siemens AG are some of the major participants in the fire protection system market.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The integration of smoke detectors with IoT and big data, and the rising governmental concerns to prevent fire hazards will offer immense growth opportunities. However, factors such as the integration of user interfaces with fire protection solutions may threaten the growth of the market.

To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Fire Protection System Market 2022-2026: Scope

The report also covers the following areas:

Fire Protection Systems Market 2022-2026: Segmentation

  • Product
    • Fire Detection
    • Fire Suppression
    • Fire Response
    • Fire Analysis
  • Geography
    • North America
    • APAC
    • Europe
    • MEA
    • South America

Fire Protection Systems Market 2022-2026: Key Regions & Revenue Generating Segment

36% of the market’s growth will originate from APAC. China and Japan are the key markets for fire protection systems in APAC. The development of the construction industry across the world will facilitate the fire protection system market growth in APAC over the forecast period.

The fire protection system market share growth by the fire detection segment has been significant for revenue-generating. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the fire protection system market size.

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Fire Protection System Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist fire protection system market growth during the next five years
  • Estimation of the fire protection system market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the fire protection system market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fire protection system market vendors

Related Reports:

Fire Extinguishers Market –The fire extinguishers market size is expected to grow by USD 1.54 bn and record a CAGR of 4.94% during 2021-2025. Download a free sample now!

Fire Detection and Suppression Systems Market  –The fire detection and suppression systems market size is expected to grow by USD 5.04 bn and record a CAGR of 5% during 2021-2025. Download a free sample now!

Fire Protection System Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.58%

Market growth 2022-2026

USD 12.66 billion

Market structure

Fragmented

YoY growth (%)

5.98

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

APAC at 36%

Key consumer countries

US, China, UK, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Carrier Global Corp., Gentex Corp., Halma Plc, HOCHIKI Corp., Honeywell International Inc., Johnson Controls International Plc, Minimax Viking GmbH, Robert Bosch GmbH, SECURITAS AG, and Siemens AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio

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