Fire Detection and Suppression Systems Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025

The fire detection and suppression systems market share is expected to increase by USD 5.04 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.53%.

This fire detection and suppression systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers fire detection and suppression systems market segmentations by end user (commercial buildings, industrial sector, residential buildings, government buildings, and educational buildings), type (fire suppression systems and fire detection systems), and geography (North America, Europe, APAC, MEA, South America, North America, Europe, APAC, MEA, and South America). The fire detection and suppression systems market report also offers information on several market vendors, including AFEX Fire Suppression Systems, API Group Corp., Carrier Global Corp., Emerson Electric Co., Globe Fire Sprinkler Corp., Halma Plc, Honeywell International Inc., Johnson Controls International Plc, McWane Inc., and Siemens AG among others.

What will the Fire Detection And Suppression Systems Market Size be During the Forecast Period?

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Fire Detection And Suppression Systems Market: Key Drivers, Trends, and Challenges

The stringent regulations supporting improved fire safety standards is notably driving the fire detection and suppression systems market growth, although factors such as issues associated with corrosion in fire suppression systems may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fire detection and suppression systems market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Fire Detection And Suppression Systems Market Driver

Stringent regulations supporting improved fire safety standards is the major driver influencing the fire detection and suppression systems market growth. Most countries are working to reduce incidents of fire outbreaks. As a result, the governments have regularized fire control systems in the residential, commercial, and industrial sectors. As per the regulations, buildings must be equipped with proper emergency handling systems, the most important being fire detection and suppression systems. Many countries, such as Australia, France, Austria, Germany, Japan, Indonesia, the UK, and few states of the US, have mandated the installation of fire alarms in all buildings irrespective of the height of the building. On the other hand, most other countries have regulations for tall buildings in commercial and residential sectors. For the industrial sector, almost all countries have regulations to deploy fire alarms in the structure. Some country-specific regulations are the National Fire Protection Association 1973 in the US and the National Building Code of India (Fire and Life Safety) in India. These emergency plans focus on the deployment of efficient fire safety systems, which, in turn, drive the sales of fire detection and suppression systems.

Key Fire Detection And Suppression Systems Market Trend

The augmented use of deluge systems is the major trend influencing the fire detection and suppression systems market growth. Deluge systems are widely being adopted by industrial facilities, owing to their effectiveness in extinguishing fires. Deluge systems do not use pipes with pressurized air. The water supply is provided through a deluge valve that opens automatically when it detects smoke and heat. The detection system is installed in the same area as the sprinklers. Deluge systems have a wide variety of applications, including chemical factories, power plants, and aircraft hangars. These systems are used where high-velocity suppression is required to put out fires. The difference between traditional fire suppression systems and deluge systems is that deluge systems release all the water at once from their nozzles. Deluge systems are used in industrial facilities where the fire hazard is spread over a large area. The growing adoption of such advanced systems is expected to result in significant changes in the products offered by vendors during the forecast period.

Key Fire Detection And Suppression Systems Market Challenge

Issues associated with corrosion in fire suppression systems are the major hindrance that impedes the fire detection and suppression systems market growth. Fire suppression products, such as fire sprinklers, fire hoses, fire hydrants, and fire extinguishers are prone to corrosion. Therefore, regular maintenance and inspection of these products are required. Corrosion is a reaction between an alloy or metal and the environment, which leads to a gradual deterioration of metal surfaces due to corrosive chemicals, water, and moisture. This is most commonly seen in fire safety products. The restoration of the fire sprinkler systems that are affected by internal corrosion is a key challenge to the market. Once a system is diagnosed with internal corrosion, it is usually difficult to determine the extent and severity of the damage. Most fire safety systems are made of chlorinated polyvinyl chloride (CPVC) pipes or plastic materials that have corrosion-resistance properties. However, these are prone to degrade over a period of time due to continuous contact with moisture and oxygen during use. Hence, such components of fire safety products, such as fire suppression systems, need replacement and regular maintenance, which poses a challenge to the market.

This fire detection and suppression systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global fire detection and suppression systems market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fire detection and suppression systems market during the forecast period.

Who are the Major Fire Detection And Suppression Systems Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AFEX Fire Suppression Systems
• API Group Corp.
• Carrier Global Corp.
• Emerson Electric Co.
• Globe Fire Sprinkler Corp.
• Halma Plc
• Honeywell International Inc.
• Johnson Controls International Plc
• McWane Inc.
• Siemens AG

 

This statistical study of the fire detection and suppression systems market encompasses successful business strategies deployed by the key vendors. The fire detection and suppression systems market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The fire detection and suppression systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Fire Detection And Suppression Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the fire detection and suppression systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global industrial machinery market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Fire Detection And Suppression Systems Market?

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39% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for fire detection and suppression systems market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The growing adoption of model building codes will facilitate the fire detection and suppression systems market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The fire detection and suppression systems market in North America witnessed a setback due to the outbreak of COVID-19 in 2020. The US was the worst-hit country by the pandemic, with more than 35 million confirmed cases and about 0.61 million associated deaths as of July 2021. To contain the spread of the disease, regulatory bodies in North America imposed a lockdown for several weeks in the first half of 2020. This halted most manufacturing and construction activities in the region, owing to which there was a decrease in fire incidents. This, in turn, hampered the growth of the regional fire detection and suppression systems market. However, rising government concerns about weak economic activities are anticipated to encourage the roll-out of incentives for industrial and construction sectors in North America, which will drive the sales of fire detection and suppression systems, as many government regulations in the region mandate contractors and builders to install such systems in their premises. Therefore, the regional market is likely to witness considerable growth during the forecast period.

What are the Revenue-generating End User Segments in the Fire Detection And Suppression Systems Market?

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The fire detection and suppression systems market share growth by the commercial buildings segment will be significant during the forecast period. Commercial buildings would be the second-fastest growing segment within the overall market and would grow from $6.68 billion in 2020 to $8.58 billion in 2025. Commercial buildings would contribute 37.70% of the incremental growth of the overall market between 2020 and 2025.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the fire detection and suppression systems market size and actionable market insights on post COVID-19 impact on each segment.

 

Fire Detection And Suppression Systems Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 4.53%
Market growth 2021-2025	USD 5.04 billion
Market structure	Fragmented
YoY growth (%)	2.95
Regional analysis	North America, Europe, APAC, MEA, South America, North America, Europe, APAC, MEA, and South America
Performing market contribution	APAC at 39%
Key consumer countries	US, China, UK, Germany, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AFEX Fire Suppression Systems, API Group Corp., Carrier Global Corp., Emerson Electric Co., Globe Fire Sprinkler Corp., Halma Plc, Honeywell International Inc., Johnson Controls International Plc, McWane Inc., and Siemens AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Fire Detection And Suppression Systems Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive fire detection and suppression systems market growth during the next five years
• Precise estimation of the fire detection and suppression systems market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the fire detection and suppression systems market industry across North America, Europe, APAC, MEA, South America, North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of fire detection and suppression systems market vendors

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