The North America fire protection systems market was $11,959 million in 2015, and is expected to grow at a CAGR of 9.8% from 2016 to 2022 to reach $24,117 million by 2022. Fire protection involves precautions and measures that are taken to minimize the possibility of a fire that are expected to result in injury, death, or property damage. Fire protection systems are used to alert people about fire explosion present in a built environment, while reducing the damage caused. Fire safety measures include procedures and precautionary measures for fire resistance during the construction of a building or, which are implemented in the structures and taught to the occupants of the building.
The North America fire protection systems market report is segmented on the basis of product, services, industry vertical, and country. Based on product, it is classified into fire detection systems, fire management systems, fire response systems, fire analysis & software, and others. By services, it is bifurcated into consulting & design services and installation & maintenance services. Based on industry vertical, it is categorized into; banking, financial services and insurance (BFSI; automotive & transport; manufacturing; energy & power; healthcare; oil & gas and mining. The North American market is further analyzed across countries into U.S., Canada, and Mexico.
The U.S. market is expected to dominate the North America fire protection systems industry, owing to healthy economic growth, increase in internet connectivity, and high demand for automation.
The key players profiled in the study are Honeywell International Inc., Johnson Controls, Inc., Siemens AG, Orcus Fire & Risk, Inc., Halma PLC., Robert Bosch GmbH, United Technologies Corporation, Amerex Corporation, Gentex Corporation, and HOCHIKI Corporation.
KEY BENEFITS
The report provides an overview of the trends, structure, drivers, restraints, and opportunities in the fire protection systems market for North America.
Porter's Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the market to determine the investment pockets.
Current trends and future estimations adopted by the key players are provided to determine the overall competitiveness of the market.
The quantitative analysis through 2014-2022 is provided to elaborate the market potential.
KEY MARKET SEGMENTS
By Product
Fire Detection Systems
Fire Management Systems
Fire Response Systems
Fire Analysis & Software
Others
By Services
Consulting & Design Services
Installation & Maintenance Services
By Industry Vertical
BFSI
Automotive & Transport
Manufacturing
Energy & Power
Healthcare
Oil & Gas and Mining.
Others (Government, Education, and Retail Sector)
By Country
U.S.
Mexico
Canada
