The report forecasts the global industrial fire safety equipment market to grow at a CAGR of 7.25% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: In today's scenario, about seven billion devices are interlinked through the Internet. In the next ten years, the number of devices connected to the Internet may increase to about 30 billion. Such developments have a huge impact virtually on every industry.
The integration of devices through IoT helps to enhance safety, reduce cost and streamline operations, and helps in proper reporting and documentation. The push for integrating building systems, diverse technologies, and the Internet of Things (IoT) has evolved as a significant trend in many sectors now.
According to the report, redefined industrial safety codes and regulations will be a key driver for market growth. The development of new codes is in the process of initiation in many industries to ensure the safety of the work environment. The first step in such a development is conducting rigorous fire protection and operational analysis.
The National Fire Protection Association (NFPA) is a US-based agency that coordinates with the community for fire protection to improve the efficiency of firefighters and provides a clear understanding of real-life fire accident scenarios. By doing so, the agency aims to develop the tactics and procedures needed for safe operations during accidents.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Johnson Controls
- Robert Bosch
- Britannia Fire
- Fire Fighter
- ILT Industrie-Luftfiltertechnik
- Larsen's Manufacturing
- Tian Guang
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/pqrcgx/global_industrial
Related Topics: Fire Protection Materials and Devices
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SOURCE Research and Markets