Global Fire Suppression Market, By Type (Fire Suppressors, Fire Detectors & Control Panels, Fire Spr

Published Date: | Report Code : MT1958325

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Growing demand from end-use industry applications in developing regions and the promotion of application-specific grades by companies is expected to drive the Fire Suppression Market during the forecast period. This market has witnessed a number of key developments in terms of application-specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of the fire suppression market during the forecast period.

There has been increasing awareness among government officials and individuals about the importance of fire safety. The growing safety measure has led to there being at least one fire suppression system in every residential building and industry.

This market is segmented based on the type, the suppression reagents, and the end-users. Based on the type, it is divided as fire suppressors, fire detectors & control panels, and fire sprinklers, nozzles, caps, & control heads. On the basis of the suppression reagents, it is segmented as chemical, gaseous, water, and foam. Among these, the chemical type called FM200 is used more as it is an environment-friendly fire suppression agent that is colorless and is a nonconductor of electricity. It is also safe for humans. This reagent is stored as a liquid in a cylinder and is pressurized with nitrogen.

By the end-users, the market is segmented into residential, industrial, and commercial. The industrial usage is the most as industries such as mining, construction, and oil & gas are heavily prone to fire breakouts.

Key Factors Impacting Market Growth:

  • Increase in awareness about fire safety among the masses
  • Increasing government regulations and policies regarding fire safety

Regional Analysis

The regional outlook section for the fire suppression market provides the region-wise market projections along with related market dynamics. In addition, this section provides further information about segments in the market on a regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe have been traditional markets with a sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this region include automotive, heavy engineering, building & construction, aerospace & defense, mining, and so on. These industries are expected to register steady growth in North America and Western Europe region during the forecast period. Asia Pacific region is estimated to register the highest CAGRwith strong industrial and infrastructural growth. Some of the major economies, in the region, include China, India, South Korea, Japan, Australia, and so on. In addition, favorable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. The Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with the growth of the industrial sector in the region. The rest of the World consisting of South America and Africa are estimated to be emerging regions for the fire suppression market during the forecast period.

Companies Covered: Johnson Controls, United Technologies, Robert Bosch, Siemens, Halma, Firefly, Honeywell, and Minimax Viking.

Market Segmentation:

By Type:

  • Fire Suppressors
  • Fire Detectors & Control Panels
  • Fire Sprinklers, Nozzles, Caps, & Control Heads

 By Suppression Reagents:

  • Chemical
  • Gaseous
  • Foam
  • Water

 By End Users:

  • Residential
  • Industrial
  • Commercial

 By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Suppression Reagents
    • By End Users
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Suppression Reagents
    • By End Users
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Suppression Reagents
    • By End Users
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Suppression Reagents
    • By End Users
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Suppression Reagents
    • By End Users
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Suppression Reagents
    • By End Users

Reasons to Buy This Report:

  • Market size estimation of the global fire suppression market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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