Fire protection system market: Driven by fusion of smoke detectors, IoT and big data

new york, February 2, 2023 /PR Newswire/ — Fire protection system market size is US$ 14,406,410,000 From 2022 to 2027, CAGR 7.07%, according to a recent market study by Technavio. This report contains historical market data from 2017 to 2021. In 2017, the market will US$29.552 billion. Market growth will be driven by the integration of smoke detectors with IoT and big data, increasing government concerns to prevent fire hazards, and developments in the construction industry. Download sample report

Technavio works with 15 leading vendors including ABB, API Group Corp., Carrier Global Corp., Eaton Corp. Plc, Encore Fire Protection, Fire Suppression Ltd., Fireline Corp., Firetrol Protection Systems Inc., Gentex Corp., Halma was extensively analyzed. Plc, Hochiki America Corp., Honeywell International Inc., Johnson Controls International Plc., Minimax GmbH and Co. KG, Napco Security Technologies Inc., Raytheon Technologies Corp., Robert Bosch GmbH, Securitas AB, Securiton AG, and Siemens AG.

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Key Benefits for Industry and Stakeholders –

• This report provides information on the importance of input from vendors. R&D, CAPEX, and Technology.

• It also provides detailed analysis. Market competitive environment and vendor product offerings.

• The report also provides qualitative and quantitative analysis of vendors to help clients understand the broader business environment and the strengths and weaknesses of key market players. The data is qualitatively analyzed to classify the vendors as pure play, category-focused, industry-focused and diversified. Vendors are quantitatively analyzed to classify them as dominant, major, strong, tentative, and weak.

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Customer Landscape – Technavio’s Analysis of Price Sensitivity, Recruitment Lifecycle, Customer Purchase Basket, Adoption Rate and Purchase Criteria

• One of the core elements of the customer landscape is price sensitivity. Its analysis helps companies improve their marketing strategies to gain a competitive advantage.

• Another important aspect is the price sensitivity factor, which ranges from low to high (buying is undifferentiated, buying is a significant cost to the buyer, and quality is not important).

• Additionally, market adoption rates for all regions are covered.

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Markets are divided by product (fire detection, suppression, fire response, and fire analysis), application (commercial, industrial, and residential), and geography (North America,Asia Pacific, Europe, middle east and AfricaWhen south america).

Segmentation by product (include/exclude)

• Market growth of the fire detection segment will be significant during the forecast period. This segment consists of various devices such as smoke detectors, alarms, water sprinklers, servers, fire suppression and fire extinguishing systems. Demand for these devices is driven by the US National Fire Protection Association and the Building Code of AustraliaAdditionally, mandating the impact of fire detection systems in public places such as malls, hospitals, stadiums, and other public gatherings is driving growth in the segment.

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What are the key data covered in this Fire Protection Systems Market report?

• CAGR of the market during the forecast period

• Detailed information on the factors that will drive the growth of the fire protection systems market during the period 2023-2027

• Accurate estimates of the fire protection systems market size and its contribution to the market with a focus on the parent market

• Accurate prediction of upcoming trends and changes in consumer behavior

• Fire Protection Systems Market industry growth North America,Asia Pacific, Europe, middle east When AfricaWhen south america

• In-depth analysis of market competitive landscape and vendor details

• Comprehensive Analysis of Factors Challenging the Growth of Fire Protection Systems Market Vendors

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• of combustion heater market is estimated to grow at a CAGR of 3.32%, with a market size of US$158.27 million Between 2022 and 2027. Increasing global oil and gas refining capacity is especially driving the market growth, although factors such as volatility in manufacturing costs can hinder market growth.

table of contents:

1.executive summary

2 Market Outlook

3 Market size

4 Historical market size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Application

8 Customer Situation

9 Geographical landscape

10 drivers, challenges and trends

11 Vendor Landscape

12 vendor analysis

13 Appendix

about us
Technavio is the world’s leading technology research and advisory firm. Their research and analysis focuses on emerging market trends, with actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market position. provide. With over 500 expert analysts, Technavio’s report library consists of over 17,000 reports covering 800 technologies across 50 countries. Their customer base consists of companies of all sizes, including over 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify existing and potential market opportunities and compete within changing market scenarios. Evaluate power.

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