Fire Protection System Market by Fire Suppression, Smoke Detector, Flame Detector, Heat Detector, Sprinkler, Fire Response & Analysis, Service, Vertical and Region - Global Forecast to 2029
The global fire protection system market size is estimated to grow from USD 71.6 billion in 2024 to 97.2 billion in 2029, by a CAGR of 6.3%. Wireless fire detection systems are becoming increasingly popular with the advancement of wireless technologies. The emergence of fully automated building control systems is crucial in this field. New smart buildings have a single control interface for various applications, such as HVAC, lighting control, security, and fire safety. The growth of the wireless fire detection system market is mainly due to the increase in the construction of small- and large-scale residential and commercial buildings worldwide.
Scope of the Report
Years Considered for the Study
2020-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Billion)
Segments
By Fire Suppression, Smoke Detector, Heat Detector, Sprinkler, Service, Vertical and Region
Regions covered
North America, Europe, APAC, RoW
"Fire response segment is projected to grow at a significant CAGR during the forecast period."
Fire response mechanisms are triggered simultaneously with fire suppression measures to halt the spread of flames. These systems initiate alarms and sirens within buildings, issue warnings and notifications, and dispatch emergency messages to law enforcement, fire departments, and medical services. This section covers both active and passive fire response systems. Active fire response products encompass emergency lighting, public alert systems, secure communication devices, and fire alarm apparatus. Passive fire response systems include fire-resistant walls, floors, doors, and other components that impede or slow fire progression. The growing emphasis on human safety across various industries and stringent fire prevention and safety regulations mandated by governments worldwide drive the demand for fire response systems.
"Maintenance services expected to gain the largest market share during the forecast period."
Maintenance services are crucial in the fire protection system market to ensure fire safety standards are met, and systems function properly during emergencies. These services involve inspecting, testing, servicing, and repairing various components and monitoring fire protection systems and their parts. Maintenance services include regular audits and timely servicing of fire protection equipment to ensure that the system complies with all necessary fire safety standards and functions correctly during an emergency. Maintenance services include equipment supply, system testing & commissioning, and regular preventative maintenance. Reactive, preventive, informative, and real-time monitoring are different types of maintenance services. These services are vital for various industries, such as oil, gas & mining; energy & power; commercial; and transportation & logistics. Fireline Corporation, ORR Protection, Firetrol Protection Systems, Inc., and S&S Sprinkler Co., LLC are some companies offering maintenance services for fire protection systems.
"The market in North America is expected to grow at a significant CAGR during the forecast period."
The North American market majorly consists of countries such as US, Canada, and Mexico. The fire protection system market in North America is expected to be dominated by the US during the forecast period. This is driven by supportive government regulations, the adoption of advanced fire protection technologies, and increased concerns related to fire hazards. Another key factor driving the fire protection system market is the adoption in US the rising awareness of wireless technologies for fire detection. The growing awareness among consumers about the benefits of these systems, such as cost-effectiveness and ease of installation of technologies, along with amendments in government rules and regulations specific to wireless technologies, led to the market's rapid growth.
Breakdown of the profiles of primary participants:
By Company Type: Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
By Designation: C-level Executives - 48%, Directors - 33%, and Others - 19%
By Region: North America - 30%, Europe - 25%, Asia Pacific - 33%, and RoW - 12%
Major players profiled in this report are as follows: Carrier (US), Honeywell International Inc. (US), Johnson Controls (Ireland), Robert Bosch GmbH (Germany), and Siemens (Germany), Eaton (Ireland), Gentex Corporation (US), Halma plc (UK), HOCHIKI Corporation (Japan), Teledyne Technologies Incorporated (US) and others.
Research Coverage
The fire protection system market is divided into various products, including fire suppression, fire sprinkler, fire detection, fire analysis, and fire response. Fire suppression products are divided into suppression reagent types, including gaseous, chemical, water, and foam-based. Similarly, a fire sprinkler is further sub-segmented into its types, including wet, dry, pre-action, deluge, and others. Fire detection market includes flame detectors, smoke detectors, and heat detectors. Besides, the market has also been segmented into service, vertical, and region. Engineering, installation & design, maintenance, managed, and other services have been included. In addition, residential, commercial, and industrial verticals are covered. Furthermore, North America, Europe, Asia Pacific, and RoW are regions that have been covered in this report.
Key Benefits of Buying the Report:
The report provides insights on the following pointers:
Analysis of critical drivers ( Surge in residential and commercial infrastructure development, Increase in enterprise spending to safeguard infrastructure, Enforcement of stringent norms related to smoke alarm installations, Rapid advancement in wireless technology), restraints ( High installation and maintenance costs, concerns over false alarms and detection failures), opportunities ( Rising popularity of advanced foam based and water mist fire detectors, Growing adoption of IoT integrated detection devices, Increasing government initiatives to upgrade building costs) and challenges (Complexity in fire detector integration and configuration and Addressing ever-evolving regulatory requirements) influencing the growth of the fire protection system market.
Product Development/Innovation: Detailed insights on new products, technologies, research & development activities, funding activities, industry partnerships, and new product launches in the fire protection system market
Market Development: Comprehensive information about lucrative markets - the report analyses the fire protection system market across regions such as North America, Europe, Asia Pacific, and RoW.
Market Diversification: Exhaustive information about new products & technologies, untapped geographies, recent developments, and investments in the fire protection system market
Competitive Assessment: In-depth assessment of the market position, growth strategies, and product offerings of leading players like Carrier (US), Honeywell International Inc. (US), Johnson Controls (Ireland), Robert Bosch GmbH (Germany), and Siemens (Germany) and among others in the fire protection system market
Strategies: The report also helps stakeholders understand the pulse of the fire protection system market and provides information on key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 FIRE PROTECTION SYSTEM MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.3.4 INCLUSIONS AND EXCLUSIONS
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 UNITS CONSIDERED
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.9 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 2 FIRE PROTECTION SYSTEM MARKET: RESEARCH DESIGN
2.1.1 PRIMARY AND SECONDARY RESEARCH
FIGURE 3 FIRE PROTECTION SYSTEM MARKET: RESEARCH APPROACH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 List of primary interview participants and key opinion leaders
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION METHODOLOGY
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side)
FIGURE 4 FIRE PROTECTION SYSTEM MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to estimate market size using top-down analysis (supply side)
FIGURE 5 FIRE PROTECTION SYSTEM MARKET: TOP-DOWN APPROACH
FIGURE 6 FIRE PROTECTION SYSTEM MARKET SIZE ESTIMATION METHODOLOGY
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 FIRE PROTECTION SYSTEM MARKET: DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 8 FIRE PROTECTION SYSTEM MARKET: RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 RISK ASSESSMENT
TABLE 1 FIRE PROTECTION SYSTEM MARKET: RISK ASSESSMENT
2.7 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON FIRE PROTECTION SYSTEM MARKET
TABLE 2 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON FIRE PROTECTION SYSTEM MARKET
3 EXECUTIVE SUMMARY
FIGURE 9 FIRE PROTECTION SYSTEM MARKET, 2020-2029 (USD BILLION)
FIGURE 10 FIRE SUPPRESSION PRODUCT TO HOLD LARGEST MARKET SHARE IN 2029
FIGURE 11 MAINTENANCE SERVICES TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 12 OIL, GAS & MINING TO DOMINATE FIRE PROTECTION SYSTEM MARKET BETWEEN 2024 AND 2029
FIGURE 13 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FIRE PROTECTION SYSTEM MARKET
FIGURE 14 RISING INFRASTRUCTURE DEVELOPMENT TO CREATE LUCRATIVE OPPORTUNITIES FOR PLAYERS IN FIRE PROTECTION SYSTEM MARKET
4.2 FIRE PROTECTION SYSTEM MARKET, BY PRODUCT
FIGURE 15 FIRE SUPPRESSION PRODUCTS TO ACCOUNT FOR LARGEST SHARE IN 2024
4.3 FIRE PROTECTION SYSTEM MARKET, BY SERVICE
FIGURE 16 MAINTENANCE SERVICES TO DOMINATE MARKET BETWEEN 2024 AND 2029
4.4 FIRE PROTECTION SYSTEM MARKET, BY VERTICAL
FIGURE 17 INDUSTRIAL VERTICAL TO HOLD LARGEST SHARE OF FIRE PROTECTION SYSTEM MARKET IN 2029
4.5 NORTH AMERICAN FIRE PROTECTION SYSTEM MARKET, BY VERTICAL AND COUNTRY
FIGURE 18 INDUSTRIAL VERTICAL AND US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN FIRE PROTECTION SYSTEM MARKET IN 2029
4.6 FIRE PROTECTION SYSTEM MARKET, BY COUNTRY
FIGURE 19 CHINA TO REGISTER HIGHEST CAGR IN FIRE PROTECTION SYSTEM MARKET FROM 2024 TO 2029
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 FIRE PROTECTION SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Surging residential and commercial infrastructure development
5.2.1.2 Increasing enterprise spending to safeguard infrastructure
FIGURE 21 NUMBER OF CAUSALITIES IN US (2013-2022)
5.2.1.3 Rising implementation of stringent norms related to smoke alarm installations
5.2.1.4 Rapid advancement in wireless technology
FIGURE 22 IMPACT ANALYSIS: DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High installation and maintenance costs
5.2.2.2 Concerns over false alarms and detection failures
FIGURE 23 IMPACT ANALYSIS: RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Rising popularity of advanced foam-based and water mist fire detectors
5.2.3.2 Growing adoption of IoT-integrated detection devices
5.2.3.3 Increasing government initiatives to upgrade building codes
FIGURE 24 IMPACT ANALYSIS: OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Complexity in fire detector integration and configuration
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 ADJACENT MARKETS
13.1 INTRODUCTION
13.2 HVAC SYSTEM MARKET, BY APPLICATION
TABLE 185 HVAC SYSTEM MARKET, BY APPLICATION, 2019-2022 (USD BILLION)
TABLE 186 HVAC SYSTEM MARKET, BY APPLICATION, 2023-2028 (USD BILLION)
13.2.1 COMMERCIAL
13.2.1.1 Growing adoption of energy-efficient equipment to boost demand in commercial spaces
TABLE 187 HVAC SYSTEM MARKET, BY COMMERCIAL APPLICATION TYPE, 2019-2022 (USD BILLION)
TABLE 188 HVAC SYSTEM MARKET, BY COMMERCIAL APPLICATION TYPE, 2023-2028 (USD BILLION)
TABLE 189 COMMERCIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2019-2022 (USD MILLION)
TABLE 190 COMMERCIAL: HVAC SYSTEM MARKET, BY COOLING EQUIPMENT, 2023-2028 (USD MILLION)
TABLE 191 COMMERCIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2019-2022 (USD BILLION)
TABLE 192 COMMERCIAL: HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2023-2028 (USD BILLION)
TABLE 193 COMMERCIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2019-2022 (USD MILLION)
TABLE 194 COMMERCIAL: HVAC SYSTEM MARKET, BY VENTILATION EQUIPMENT, 2023-2028 (USD MILLION)