Fire protection systems market

MarketsandMarkets Presents

Fire Protection Systems (FPS) Market worth $79.18 Billion by 2020

http://www.marketsandmarkets.com/Market-Reports/fire-protection-systems-market-1018.ht

According to a new market research report “Fire Protection Systems Market by Technology (Active & Passive), Products (Fire Detectors, Sprinklers, Extinguishers, Alarms), Services, Verticals (Oil, Gas and Mining, Manufacturing), and Geography - Analysis and Forecast to 2013 - 2020�, the total market is expected to reach $79.18 Billion by 2020, at a CAGR of 11.53 %.

http://www.marketsandmarkets.com/Market-Reports/fire-protection-systems-market-1018.htm

Browse:

70 Market Data Tables 44 Figures 190 pages

Early buyers will receive 10% customization on this report.

http://www.marketsandmarkets.com/Market-Reports/fire-protection-systems-market-1018.h

Emerging passive fire protection technologies have been foreshowing the growth of FPS market with the higher safety regulations being implemented by the government in the different regions across the globe especially in the European countries followed by the growth in the Asia-pacific countries. The active FPS is already being implemented rigorously in all the sectors including manufacturing, oil, gas and mining and others majorly supported by the fire detectors, sprinklers and extinguishers. The fire analysis products of FPS are growing highly with the higher usage and benefits from the fire mapping and simulation software for analyzing the fire protection systems being used in various verticals.

The global FPS market is certainly a fragmented one with local players being dominating the market, for FPS process has found use in these major fields – consumer goods and retail; energy and power; government; healthcare; manufacturing; oil; gas and mining; transportation and logistics; and others. The manufacturing field offers a huge potential for fire protection systems market to grow, especially due to advanced & suitable features offered by FPS technologies in different manufacturing facilities. Oil, Gas and Mining is the primary field responsible for commercial birth of fire protection systems in a large scale, while consumer goods and retail field is still an emerging market offering lots of space for FPS technologies to penetrate.

http://www.marketsandmarkets.com/Market-Reports/fire-protection-systems-market-1018.ht

The report segments the Fire protection systems (FPS) market on the basis of types of different technologies, products, services, verticals, and geographies. Further, it contains revenue forecasting, and analyses trends in the market. The geographical analysis contains the in-depth classification for North America, Europe, and APAC which contains the major countries covering the market. Further, Middle-East and Africa have been classified under ROW. Each of these geographies has been further split by the major countries existing in this market. The sections and sub-segments in the report would contain drivers, restraints, opportunities, current market trends, and the technology expected to revolutionize the fire protection system (FPS) domain.

The fire protection systems (FPS) market revenue market is expected to grow from $33.58 billion in 2013 to $79.18 billion in 2020 at a CAGR of 11.53%. The global fire protection systems market exhibits a lucrative growth potential for the next six years. The growth of the market is propelled by the government mandates and political support, increased fire protection expenditure from the enterprise segment, and technological innovations in equipment and networking. The lack of integrity in system interfaces and higher initial investments for the fire protection systems’ installation are restraining the growth of fire protection systems globally

http://www.marketsandmarkets.com/Market-Reports/fire-protection-systems-market-1018.ht

Innovations in the wireless sensor networks, increasing rules and mandatory standards, and improved HMI solutions are the huge opportunities for the higher growth of the FPS market. Advanced solutions for fire protection by government is the challenge that is to be faced for the FPS in the market.

Some of the major players in this market include Gentex Corporation (U.S.), Halma PLC (U.K.), Hochiki Corporation (Japan), Honeywell International Inc. (U.S.), Johnson Controls (U.S.), Robert Bosch GmbH (Germany), Siemens AG (Germany), Tyco (Switzerland), United Technologies Corporation (U.S.), VT MAK (U.S.).

http://www.marketsandmarkets.com/Market-Reports/fire-protection-systems-market-1018.ht

About MarketsandMarkets: MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact Us Mr. Rohan North - Dominion Plaza, 17304 Preston Road, Suite 800, Dallas, TX 75252 Tel: +1-888-6006-441 Email: sales@marketsandmarkets.com MarketsandMarkets Blog http://www.marketsandmarkets.com http://twitter.com/marketsmarkets http://www.linkedin.com/company/marketsandmarkets