The global Fire Protection Systems Market size was USD 54.57 Billion in 2022 and is expected to reach USD 98.65 Billion in 2032, and register a revenue CAGR of 6.8% during the forecast period. Increased investments in infrastructure development and rising end-user awareness of fire safety requirements are major factors driving market revenue growth. In addition, increasing fire accidents in residential and commercial structures will create high demand for better fire protection systems.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, RD investments, and joint ventures to gain robust footing in the market.
Major Companies:
- Tyco International Ltd.
- Honeywell International Inc.
- Siemens AG
- Robert Bosch GmbH
- United Technologies Corporation
- Halma plc
- Gentex Corporation
- Johnson Controls International plc
- Hochiki Corporation
- Securiton AG
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Fire Protection Systems Market Segmentation:
- Fire Suppression Systems
- Fire Detection Systems
- Fire Alarm Systems
- Fire Sprinkler Systems
- Others
By End-Use Outlook:
- Commercial
- Industrial
- Residential
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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