NEW YORK, Sept. 3, 2021 /PRNewswire/ --
Technavio's latest research report on the Fire Detection And Suppression Systems Market offers a comprehensive analysis on new product launches, the latest trends, and the post-pandemic impact on businesses.
NEW YORK, Sept. 3, 2021 /PRNewswire/ --
Technavio's latest research report on the Fire Detection And Suppression Systems Market offers a comprehensive analysis on new product launches, the latest trends, and the post-pandemic impact on businesses.
The fire detection and suppression systems market is estimated to grow by USD 5.04 billion during 2021-2025, growing at a CAGR of almost 5%.
Market Dynamics
The market is driven by factors such as the stringent regulations supporting improved fire safety standards and rise in the development of commercial infrastructure. However, issues associated with corrosion in fire suppression systems will hinder the market growth.
The growing adoption of model building codes is expected to open multiple growth opportunities for players in the market. But the high cost of purchase and maintenance might impact the business of vendors during the forecast period.
Company Profiles
Some of the companies covered in this report are AFEX Fire Suppression Systems, API Group Corp., Carrier Global Corp., Emerson Electric Co., Globe Fire Sprinkler Corp., Halma Plc, Honeywell International Inc., Johnson Controls International Plc, McWane Inc., and Siemens AG.
Competitive Analysis
The competitive scenario provided in the fire detection and suppression systems market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market Segmentation
Related Reports on Industrials Include:
Global Fire and Gas Detection System Market - Global fire and gas detection system market is segmented by end-user (oil and gas, chemical and petrochemical, pharmaceutical, and others) and geography (APAC, North America, Europe, MEA, and South America).
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Global Fire Sprinkler Systems Market - Global fire sprinkler systems market is segmented by product (deluge fire sprinkler systems, wet pipe fire sprinkler systems, pre-action fire sprinkler systems, and dry pipe fire sprinkler systems), end-user (commercial, industrial, and residential), and geography (APAC, North America, Europe, MEA, and South America).
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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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