Envision Report

Published January 19, 2018

Fire Safety System Market – Size, Outlook, Trends and Forecasts (2018 – 2024)

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Fire safety systems are equipment, devices, systems used to detect fire, extinguish a fire control smoke and Active an alarm to ensure the safety of the people and reduce the Major loss due to the fire. Fire safety systems and equipment are necessary for factories, public places, transportation and living areas.

Fire safety System Segments Size & Growth:

Fire safety systems Market is expected to increase by a $ 93.48 billion by 2024 at a CAGR of 9.73%. Innovations in the wireless sensor networks, increases in mandatory rules from the government, improvised HMI solution are the factors leading to growth. Safety system products in various application such as goods and retail, manufacturing etc. are also the critical drivers for the market.

Fire safety System Market Segments Share:

Fire safety systems market is segmented into the product which includes fire detection, fire analysis, fire management, fire reaction. Among these fire, detection holds the most significant share due to the presence of many innovative IOT technologies for fire detection. Based on the service, Fire safety systems are subdivided into maintenance, managed services, engineering services, installation and design services. The installation has the most significant share due to the high cost. Technology segment Active Fire Safety Systems and Passive Fire Safety Systems.

Hospital and Manufacturing sectors hold the highest market for the massive traffic of people. Based on geography, North America contains the most significant market share in Fire Safety System Market. Infrastructural developments and Strict government regulations drive the market in North American. As multistory, high-rise buildings are in need of fire protection systems. Thus safety codes & strict fire are implemented to optimise the risk and losses that are expected by fire explosion. U.S. and Canada have witnessed significant infrastructural developments, owing to the high population growth rate in these regions.

 Fire safety System Market Trends:

  • Soundwave fire extinguisher and water mist systems are the newly introduced fire safety technologies to prevent fire accidents.
  • Advanced sprinkler design software for the fire protection professional by TYCO SprinkCAD software.
  • Hochiki strengthened its position with the acquisition of Italian fire and security company

Fire safety System Market Research Report:

  • An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
  • To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
  • Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
  • Identifying DROC in the current market and their impact in altering the market dynamics.
  • Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
  • Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
  • Johnson Controls
  • Hochiki Corporation
  • Halma PLC
  • Gentex Corporation
  • Honeywell Corporation Inc.

Chapter 1 Introduction

1.1 Executive Summary

1.2 Market Definition

1.3 Scope of the Study

Chapter 2 Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Analytic Tools and Model

2.4 Economic Indicator

2.4.1 Base Year, Base Currency, Forecasting Period

2.5 Expert Validation

2.6 Study Timeline

Chapter 3 Market Analysis

3.1 Industry Value Chain Analysis

3.2Porter’s Five Force Analysis

3.2.1 Bargaining Power of Buyers

3.2.2 Bargaining Power of Suppliers

3.2.3 Threats of Substitutes

3.2.4 Threats of New Entrants

3.2.5 Industry Rivalry

3.3 PESTLE Analysis

3.3.1 Political

3.3.2 Economical

3.3.3 Social

3.3.4 Technological

3.3.5 Legal

3.3.6 Environmental

3.4 SWOT Analysis

3.4.1 Strengths

3.4.2 Weakness

3.4.3 Opportunities

3.4.4 Threats

3.5 Y-O-Y Analyses

Chapter 4 Market Dynamics

4.1. Drivers

4.1.1 Growth in the fire-related expenditure of various enterprises and rise in loss of property and deaths

4.1.2 Regulatory Standards and governments efforts promoting the use of fire safety systems

4.2 Restraints

4.2.1 Installation cost is high

4.2.2 Poor integrity in system interfaces

4.3 Opportunities

4.3.1 Amendments in mandatory and rules standards

4.3.2 Innovations in the wireless sensor market

4.4 Challenges

4.4.1. Integration of end-user interface with fire protection systems.

Chapter 5 Fire Safety System Market – By technology

5.1 Active Fire Safety Systems

5.2 Passive Fire Safety Systems

Chapter 6 Fire Safety System Market – By Service

6.1 Maintenance

6.2 Managed Services

6.3 Engineering services

6.4 installation and Design Services

6.5 Others

Chapter 7 Fire Safety System Market – By Product

7.1 Fire Detection

7.4 Fire Analysis

7.5 Fire management

7.6 Fire Reaction

Chapter 8 Fire Safety System Market – By End-User

8.1 Energy & Power

8.2 Consumer Goods & Retail

8.3 Banking

8.4 Hospitals

8.5 Manufacturing

8.6 Transportation and Logistics

8.7 Government

Chapter 9 Fire Safety System Market – By Geography

9.1 Introduction

9.2 North America

9.2.1 U.S.

9.2.2 Canada

9.2.3 Mexico

9.2.4 Rest of North America

9.3 Europe

9.3.1 U.K.

9.3.2 Germany

9.3.3 France

9.3.4 Italy

9.3.5 Spain

9.3.6. Rest Of Europe

9.4 Asia Pacific

9.4.1 China

9.4.2 India

9.4.3 Japan

9.4.4 South Korea

9.4.5 Australia & New Zealand

9.4.6 Rest Of Asia Pacific

9.5 South America

9.5.1 Brazil

9.5.2 Argentina

9.5.3 Rest of South America

9.6 The Middle East & Africa

9.6.1 Middle East

9.6.2 Africa

9.6.3 Rest of Middle East & Africa

Chapter 10 Fire Safety System Market – Company Profiles

10.1. Johnson Controls

10.2. Hochiki Corporation

10.3. Halma PLC

10.4. Gentex Corporation

10.5. Honeywell Corporation Inc.

10.6. Vtmak

10.7. Siemens AG

10.8. United Technologies Corporation

10.9. TYCO

10.10. Robert Bosch GMBH

10.11. NAFFCO

10.12. Kevta Fire Systems

10.13. Fike Corporation

10.14. Bavaria Holding

Chapter 11 Fire Safety System Market – Competitive Landscape

11.1. Market Share Analysis

11.2. Strategies Adopted by top companies

11.3. Mergers, Acquisitions, Collaborations & Agreements

Chapter 12 Market Insights

12.1. Industry Experts Insights

12.2. Analysts Opinions

12.3. Investment Opportunities

Chapter 13 Appendix

13.1 List of Tables

13.2 List of Figures

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin.Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.

 

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