According to a market report by Lucintel, the future of the fire protection systems market looks promising with opportunities in the residential, commercial, energy and power, government, manufacturing, oil, gas, and mining, and transportation and logistics industries. The fire protection systems market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are stringent regulatory norms for fire protection systems, increased fire-related expenditure of various enterprises, and rise in deaths and loss of property, increasing trend of automation in commercial buildings and smart homes along with the evolution of IoT.
In this market, fire detection, fire suppression, fire sprinkler systems, fire analysis, and fire response are the major system types. Within fire protection system market, residential, commercial, energy and power, government, manufacturing, oil, gas, and mining, and transportation and logistics are the major end use industries.
Firefly, EMS Security, Sterling Safety Systems, VT Mak, Micropack Engineering, Msa Safety, Gentex, Emerson Electric, Tyco International, Johnson Controls, Ceasefire Industries are among the major manufacturers of fire protection systems.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the fire protection systems market by technology, system type, service, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Fire Protection Systems Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the fire protection systems market by technology, system type, service, and end use industry as follows:
By System Type [$M shipment analysis for 2013 – 2024]:
• Fire Detection
• Fire Suppression
• Fire Sprinkler Systems
• Fire Extinguishers
• Fire Analysis
By Technology [$M shipment analysis for 2013 – 2024]:
• Active Fire Protection Systems
• Passive Fire Protection Systems
By Service [$M shipment analysis for 2013 – 2024]:
• Engineering Services
• Installation & Design
• Maintenance Services
• Managed Services
• Other Services
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Residential
• Commercial
• Energy & Power
• Government
• Manufacturing
• Oil, Gas, and Mining
• Transportation & Logistics
• Others
By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the fire protection systems market by technology (active fire protection systems, passive fire protection systems), system type (fire detection, fire suppression, fire sprinkler systems, fire analysis, and fire response), service (engineering services, installation & design, maintenance services, managed services), end use industry (fire protection systems market, residential, commercial, energy & power, government, manufacturing, oil, gas, and mining, transportation & logistics), and region (North America, Europe, APAC, and ROW) ?
Q.2 which segments will grow at a faster pace and why?
Q.3 which regions will grow at a faster pace and why?
Q.4 what are the key factors affecting market dynamics? What are the drivers and challenges of the fire protection systems market?
Q.5 what are the business risks and threats to the fire protection systems market?
Q.6 what are emerging trends in this protection systems market and the reasons behind them?
Q.7 what are some changing demands of customers in the re protection systems market?
Q.8 what are the new developments in the fire protection systems market? Which companies are leading these developments?
Q.9 who are the major players in this fire protection systems market? What strategic initiatives are being implemented by key players for business growth?
Q.10 what are some of the competitive products and processes in this fire protection systems area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, fire protection systems market?