The global fire protection systems market is expected to grow at a CAGR of 7% over the forecast period. Rapid integration of traditional fire suppression systems with IP technology is certainly boosting the fire protection systems market across the globe as the integration of the devices with IP further enhances the efficiency, accuracy, and accessibility of the systems. In addition, integration of IP technology with traditional fire detection and response systems allows rapid and real-time communication between both ends. Integration of the various ICT devices such as mobile phones, computers and many more with these systems have gained significant traction across the globe. Many organizations such as educational facilities and healthcare facilities have adopted bring your own device (BYOD) trend which is further supporting the growth of the global fire suppression systems market.
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On-premise fire analysis software solutions allow an organization to alert personnel quickly, effectively and securely via IP-connected personal devices such as computers, telephones, and cell phones. Also, emergency fire analysis software solutions can be integrated with mass-notification devices such as Giant Voice, private branch exchange, fire alarms, physical security sensors, and other traditional alerting systems, with an on-premise system. In the on-premise model, the IT department of the organization manages the hardware, backing up the database, and upgrading applications as part of the organizational data management strategy.
Many companies strive to maintain their footprints in this competitive industry by providing varieties of fire suppression systems. Many key players such as Eaton Corp., Siemens AG, Alertus Technologies, Johnson Controls, and many others have invested a bulk of money on R&D of these systems. Eaton’s SAFEPATH mass notification system integrates with a facility’s addressable fire alarm system for a complete in-building mass notification system solution that performs both fire alarm and emergency communications functions.
ALERiTY is Eaton’s integrated Systems-of-Systems which allows facility managers and emergency response personnel to focus on the emergency at hand without being slowed down, trying to activate multiple systems. Siemen’s Design mass notification solution provides the integration of building systems and emergency notifications that further aids in the expansion of the global fire protection systems market across the globe.
Current Market Trends Covered in the Global Fire Protection Systems Market Report
- Asia-Pacific is expected to gain maximum traction in the global fire protection industry during the forecast period.
- Based on the end-user segment, the industrial segment is expected to hold the largest market share over the forecast period.
- Stringent regulations regarding the installation of fire suppression systems are driving the global fire protection systems market.
Global Fire Protection Systems Market Segmentation
By System Type
- Active
- Passive
By Product Type
- Fire Detection
- Fire Suppression
- Fire Response
- Others
By End-Use
- Residential
- Commercial
- Industrial
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