Fire Suppression Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Fire Suppression Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : August, 2020 | Energy & Mining | PPT format

Report Digest


Fire Suppression Market – Introduction

Fire suppression is defined as the process of reducing heat released from the fire and limiting it from spreading further. A fire suppression system is a product that extinguishes and prevents the spread of fire across an enclosure or facility. The global fire suppression market is anticipated to accelerate at a rapid pace owing to the swelling demand from fire risk-prone industries, including oil and gas exploration, manufacturing, and energy and power. These industries hold the potential to bring significant traction to fire prevention and protection systems. Furthermore, burgeoning need for highly safeguard structures and minimal loss during fire incidences are favoring the growth of fire suppression market. Such factors pushed the fire suppression market to value roughly US$ 60 billion in 2018. Enhanced fire safety standards backed by stringent regulations are likely to set the tone for considerable growth in fire suppression market.

Fire Suppression Market – Notable Developments

Notable developments in the competitive landscape of fire suppression market include:

  • In September 2018, a leading player in fire suppression system market, Technoswitch, launched vehicle and kitchen fire suppression kits. Technoswitch expanded its product portfolio with the addition of Rotarex FireDETEC range of pre-engineered fire detection and suppression systems.
  • In May 2018, Ireland-based HVAC company, Johnson Controls, launched an innovative 70 bar gaseous fire suppression system named SAPPHIRE PLUS. SAPPHIRE PLUS is designed to augment fire safety performance in high value areas, including power plants, medical facilities, telecommunications, transport, IT, and medical facilities.
  • In May 2018, Lehavot, a leading provider of high-quality fire protection systems launched UNECE R107-certified BusShield advanced fire protection suite.

Some of the most prominent competitors operating in the competitive landscape of global fire suppression market include –

  • Firefly
  • Johnson Controls
  • Honeywell
  • Robert Bosch
  • S&S Fire Suppression Systems
  • Lehavot HaBashan
  • Technoswitch United Technologies
  • Gentex
  • Siemens
  • Hochiki
  • Minimax Viking
  • Halma
  • Securiton AG

Fire Suppression Market Dynamics

Altering Building Infrastructure & Advent of Industry 4.0 to Fuel Adoption of Advanced Suppression Systems

With manufacturers increasingly aligning their new products with the ever-evolving regulatory reforms and altering building infrastructures, adoption of advanced fire suppression systems is growing. Additionally, growing need for the development of more effective fire safety method has prompted fire suppression companies to develop innovative, superior and eco-friendly systems. The accelerating technology innovations and integration of IoT and cloud-based solutions are necessitating the development and adoption of cost-effective high-tech fire suppression systems in today’s smart building constructions. An automatic fire suppression system can prevent fire from spreading, without requiring human intervention.

Rigid Government Regulations Favoring Growth in Fire Suppression Market

According to the National Fire Protection Association (NFPA), growing fire incidences in the United States prompted them to enact guidelines mandating deployment of fire suppression system in commercial business infrastructures. As a result of this enactment, organizations are increasingly deploying fire suppression systems, such as sprinklers. Additionally, NFPA also requires industries to consider regular maintenance and has made training of personnel compulsory for clean agent fire suppression system. A recently announced US federal tax reform will aid small business annually, and large business entities for five years in retrofitting fire suppression sprinkler systems, which can fuel adoption of these systems. Additionally, UNECE R107 made fire suppression mandatory for buses and coaches. Such favorable reforms are likely to fuel the adoption of fire protection equipment and systems, which in turn, will fuel growth in fire suppression market.

Lack of Awareness & High Capital Investment Impeding Growth in Fire Suppression Market   

Lack of awareness pertaining to diverse fire suppression solutions, such as fire detectors, fire sprinklers, especially in the underdeveloped regions is hampering the market growth. Moreover, as fire suppression systems require large capital investment, several small-scale organizations and companies remain reluctant towards the adoption of such systems. These factors are limiting the growth in fire suppression market, however, several fire protection product and system manufactures are increasingly incorporating advanced technology to develop cost-effective solutions. Some companies are also organizing fire-safety drills and informative seminars and programs to create increased awareness about fire suppression solutions. 

Fire Suppression Market - Segmentation

Based on product, the global fire suppression market is segmented into:

  • Fire Detectors and Control Panels
  • Fire Sprinklers, Nozzles, Caps, and Control Heads
  • Fire Suppressors

Based on suppression reagent, the global fire suppression market is segmented into:

  • Chemical
  • Gaseous
  • Water
  • Foam

Based on sector the global fire suppression market is segmented into:

  • Residential
  • Commercial
  • Industrial

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.