fire protection equipment / devices market size, demand & global opportunity analysis outlook...
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Global Fire Protection System Market Outlook :
Industry Insights & Opportunity Evaluation,
2015-2021
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Global Fire Protection System Market Overview
Fire protection systems assists in controlling and putting-
off fire, preventing destruction of property and people.
These systems work by reducing oxygen content of fire
affected area and promote supply of nitrogen in that area
to build a "fire safe" zone.
The global fire protection system market is anticipated to
expand from USD 48.06 Billion in 2015 to USD 98.11
Billion by 2021, registering a compound annual growth
(CAGR) of 10.09% over the period of 2015-2021.
Market Segmentation
By Technology
On the basis of technology, Global fire protection system
market is segment into:
Active Fire Protection Systems
Passive Fire Protection Systems
By Product
On the basis of product, Global fire protection system
market can be divided into:
Fire Management Systems
Fire Response Systemss
Fire Detection Systems
Fire Analysis Software
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Other
By Service
Based on service, Global fire protection system market can
be segregated as:
Engineering Services
Managed Services
Installation & Design Services
Maintenance Services
Other Services
By Vertical
On the basis of application, Global fire protection system
market is segment as follows:
Oil, Gas, & Mining
Energy & Power
Transportation & Logistics
Residential
Commercial
Government
Manufacturing
Other Verticals
By Region
On the basis of region, Global fire protection system
market is segment as follows:
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North America
Latin America
Western And Eastern Europe
Asia-Pacific
Row (Rest Of World)
Growth Drivers and challenges
Augmentation in expenditure by enterprises for fire
protection, stringent government policies and regulations,
political pressure to condense the losses from fire and rise
in fire threats are the major growth drivers for the global
fire protection system market over the forecasted period
i.e. 2015-2021.
High maintenance cost of fire protection systems and special skills required to manage the fire protection system are some factors which restraints the growth of global fire protection system in the upcoming years.
Market Size and Forecast
In recent years, North America led the market in global
fire protection system and the market is further estimated
to grow at a healthy rate owing to stringent government
regulation and high demand from industrial sector in this
region.
The European fire protection system market was valued at
USD 9.12 Billion in the year 2015 and it will grow at 14.4%
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annually to reach USD 20.2 Billion by the end of the year
2021. The Europe fire protection system market accounted
28.52% of the global fire protection system market in the
year 2015.
In 2015, the Asia-Pacific fire protection system market was
valued at USD 8.93 Billion and is growing at 21.4%
annually to reach USD 22.78 Billion by 2021.The Asia-
Pacific fire protection system market contributes 22.21%
of the global fire protection system market and it is
projected that it will reach 32.15% by 2021.
Key Players
The key players of the global fortified food market are as
follows:
Blaze Manufacturing Solutions Ltd.
Consilium AB Publ.
Deluge Offshore & Marine Pte Ltd.
Drägerwerk AG & Co. KGaA
Emerson Electric Co.
Bosch Security Systems
Tyco International
Scope and Context
Overview of the Parent Market
Analyst View
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Market Size and Growth
North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of Latin America)
Western and Eastern Europe (Germany, Italy, Spain,
France, U.K, Benelux, Hungary, Rest Of Western
Europe, Russia Poland, Rest of Eastern Europe)
Asia-Pacific (China, India, Singapore, Japan, Australia
& New Zealand & Rest of Asia)
Middle East and North Africa (MENA)
Rest of World
Segmentation
By Technology
By Product
By Service
By Verticals
By Region
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their
Strategies and Product Portfolio
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Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in
current dynamic environment
To know more about this research, visit:
http://www.researchnester.com/reports/global-fire-
protection-system-market-analysis-opportunity-outlook-
2021/50
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