Fire protection system market: Driven by integration of smoke detectors with IoT and big data

NEW YORK, Feb. 2, 2023 /PRNewswire/ — The fire protection system market size is forecast to increase by USD 14406.41 million from 2022 to 2027, at a CAGR of 7.07%, according to the recent market study by Technavio. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 29552.09 million.  The growth of the market will be driven by the integration of smoke detectors with IoT and big data, rising governmental concerns to prevent fire hazards, and the development of the construction industry.  Download The Sample Report

Technavio has extensively analyzed 15 major 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 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.

To get detailed insights about the vendor landscape, buy the report

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Expand operations in the future – To get requisite details, ask for a custom report.

Customer Landscape – Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

Get a holistic overview of the endoscopic closure devices market by industry experts to evaluate and develop growth strategies. Download the Sample

The market is segmented by product (fire detection, fire suppression, fire response, and fire analysis), application (commercial, industrial, and residential), and geography (North America, APAC, Europe, Middle East and Africa, and South America).

Segmentation by product (Inclusion/Exclusion)

• The market growth in the fire detection segment will be significant during the forecast period. The segment comprises various devices, such as smoke detectors, alarms, water sprinklers, servers, and fire suppression and extinguishment systems. The demand for these devices is increasing with the growing need to comply with various regulatory requirements by government organizations, such as the National Fire Protection Association by the US and the Building Code of Australia. In addition, mandating the implication of fire detection systems on public places such as malls, hospitals, stadiums, and other public gatherings is fostering the growth of the segment.

Register for a free trial today and gain instant access to 17,000+ market research reports. 
Technavio’s SUBSCRIPTION platform

What are the key data covered in this fire protection system market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the fire protection system market between 2023 and 2027
• Precise estimation of the size of the fire protection system market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the fire protection system market industry across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of fire protection system market vendors

Related Reports:

• The electrical protective equipment market is estimated to grow at a CAGR of 3.92% between 2022 and 2027. The size of the market is forecast to increase by USD 829.48 million. The increasing demand for power is notably driving the market growth, although factors such as the need to determine the life expectancy of arc-rated protective clothing may impede the market growth.
• The fired heaters market is estimated to grow at a CAGR of 3.32% and the size of the market is forecast to increase by USD 158.27 million between 2022 and 2027. The rise in global oil and gas refinery capacity is notably driving the market growth, although factors such as the volatility in manufacturing costs may impede the market growth.

Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global fire protection system market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global fire protection system market 2017 – 2021 ($ million)

• 4.2 Product Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ million)

• 4.3 Application Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product – Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Fire detection – Market size and forecast 2022-2027
• Exhibit 34: Chart on Fire detection – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Fire detection – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Fire detection – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Fire detection – Year-over-year growth 2022-2027 (%)

• 6.4 Fire suppression – Market size and forecast 2022-2027
• Exhibit 38: Chart on Fire suppression – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Fire suppression – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Fire suppression – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Fire suppression – Year-over-year growth 2022-2027 (%)

• 6.5 Fire response – Market size and forecast 2022-2027
• Exhibit 42: Chart on Fire response – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Fire response – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Fire response – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Fire response – Year-over-year growth 2022-2027 (%)

• 6.6 Fire analysis – Market size and forecast 2022-2027
• Exhibit 46: Chart on Fire analysis – Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Fire analysis – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Fire analysis – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Fire analysis – Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Product 
• Exhibit 50: Market opportunity by Product ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 51: Chart on Application – Market share 2022-2027 (%)
• Exhibit 52: Data Table on Application – Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 53: Chart on Comparison by Application
• Exhibit 54: Data Table on Comparison by Application

• 7.3 Commercial – Market size and forecast 2022-2027
• Exhibit 55: Chart on Commercial – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Commercial – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Commercial – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Commercial – Year-over-year growth 2022-2027 (%)

• 7.4 Industrial – Market size and forecast 2022-2027
• Exhibit 59: Chart on Industrial – Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Industrial – Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Industrial – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Industrial – Year-over-year growth 2022-2027 (%)

• 7.5 Residential – Market size and forecast 2022-2027
• Exhibit 63: Chart on Residential – Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Residential – Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Residential – Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Residential – Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Application 
• Exhibit 67: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027
• Exhibit 73: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 APAC – Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027
• Exhibit 89: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 93: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 97: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 UK – Market size and forecast 2022-2027
• Exhibit 101: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.11 Germany – Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.12 Japan – Market size and forecast 2022-2027
• Exhibit 109: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

11 Vendor Landscape

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 ABB 
• Exhibit 120: ABB – Overview
• Exhibit 121: ABB – Product / Service
• Exhibit 122: ABB – Key offerings

• 12.4 API Group Corp. 
• Exhibit 123: API Group Corp. – Overview
• Exhibit 124: API Group Corp. – Business segments
• Exhibit 125: API Group Corp. – Key offerings
• Exhibit 126: API Group Corp. – Segment focus

• 12.5 Carrier Global Corp. 
• Exhibit 127: Carrier Global Corp. – Overview
• Exhibit 128: Carrier Global Corp. – Business segments
• Exhibit 129: Carrier Global Corp. – Key news
• Exhibit 130: Carrier Global Corp. – Key offerings
• Exhibit 131: Carrier Global Corp. – Segment focus

• 12.6 Eaton Corp. Plc 
• Exhibit 132: Eaton Corp. Plc – Overview
• Exhibit 133: Eaton Corp. Plc – Business segments
• Exhibit 134: Eaton Corp. Plc – Key news
• Exhibit 135: Eaton Corp. Plc – Key offerings
• Exhibit 136: Eaton Corp. Plc – Segment focus

• 12.7 Encore Fire Protection 
• Exhibit 137: Encore Fire Protection – Overview
• Exhibit 138: Encore Fire Protection – Product / Service
• Exhibit 139: Encore Fire Protection – Key offerings

• 12.8 Fire Suppression Ltd. 
• Exhibit 140: Fire Suppression Ltd. – Overview
• Exhibit 141: Fire Suppression Ltd. – Product / Service
• Exhibit 142: Fire Suppression Ltd. – Key offerings

• 12.9 Fireline Corp. 
• Exhibit 143: Fireline Corp. – Overview
• Exhibit 144: Fireline Corp. – Product / Service
• Exhibit 145: Fireline Corp. – Key offerings

• 12.10 Firetrol Protection Systems Inc. 
• Exhibit 146: Firetrol Protection Systems Inc. – Overview
• Exhibit 147: Firetrol Protection Systems Inc. – Product / Service
• Exhibit 148: Firetrol Protection Systems Inc. – Key offerings

• 12.11 Gentex Corp. 
• Exhibit 149: Gentex Corp. – Overview
• Exhibit 150: Gentex Corp. – Business segments
• Exhibit 151: Gentex Corp. – Key news
• Exhibit 152: Gentex Corp. – Key offerings
• Exhibit 153: Gentex Corp. – Segment focus

• 12.12 Halma Plc 
• Exhibit 154: Halma Plc – Overview
• Exhibit 155: Halma Plc – Business segments
• Exhibit 156: Halma Plc – Key news
• Exhibit 157: Halma Plc – Key offerings
• Exhibit 158: Halma Plc – Segment focus

• 12.13 Hochiki America Corp. 
• Exhibit 159: Hochiki America Corp. – Overview
• Exhibit 160: Hochiki America Corp. – Product / Service
• Exhibit 161: Hochiki America Corp. – Key offerings

• 12.14 Honeywell International Inc. 
• Exhibit 162: Honeywell International Inc. – Overview
• Exhibit 163: Honeywell International Inc. – Business segments
• Exhibit 164: Honeywell International Inc. – Key news
• Exhibit 165: Honeywell International Inc. – Key offerings
• Exhibit 166: Honeywell International Inc. – Segment focus

• 12.15 Johnson Controls International Plc. 
• Exhibit 167: Johnson Controls International Plc. – Overview
• Exhibit 168: Johnson Controls International Plc. – Business segments
• Exhibit 169: Johnson Controls International Plc. – Key news
• Exhibit 170: Johnson Controls International Plc. – Key offerings
• Exhibit 171: Johnson Controls International Plc. – Segment focus

• 12.16 Minimax GmbH and Co. KG 
• Exhibit 172: Minimax GmbH and Co. KG – Overview
• Exhibit 173: Minimax GmbH and Co. KG – Product / Service
• Exhibit 174: Minimax GmbH and Co. KG – Key offerings

• 12.17 Napco Security Technologies Inc. 
• Exhibit 175: Napco Security Technologies Inc. – Overview
• Exhibit 176: Napco Security Technologies Inc. – Business segments
• Exhibit 177: Napco Security Technologies Inc. – Key news
• Exhibit 178: Napco Security Technologies Inc. – Key offerings
• Exhibit 179: Napco Security Technologies Inc. – Segment focus

13 Appendix

• 13.2 Inclusions and exclusions checklist 
• Exhibit 180: Inclusions checklist
• Exhibit 181: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 182: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 183: Research methodology
• Exhibit 184: Validation techniques employed for market sizing
• Exhibit 185: Information sources

• 13.5 List of abbreviations 
• Exhibit 186: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/fire-protection-system-market-driven-by-integration-of-smoke-detectors-with-iot-and-big-data—technavio-301735790.html

SOURCE Technavio