The market growth is fueled by the growth in the construction industry, stringent regulations, and rising adoption of wireless technology in fire detection.

Key Players

Major players involved in the global fire protection system market include Johnson Controls (Ireland), Carrier Global Corporation (US), Honeywell International (US), Siemens (Germany), Halma (UK), Robert Bosch (Germany), Hochiki (Japan), Gentex (US), Minimax Viking (Germany), and Securiton (Switzerland).

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Fire suppression segment to hold the largest size of the fire protection system market from 2021 to 2026.

A fire suppression system starts operating once it receives fire alerts from different sensors and detectors. By product, the fire suppression market has been segmented into fire sprinklers, nozzles, caps, and control heads; fire suppressors; and fire detectors and control panels. Fire suppressors are used to prevent the spread of fire and put it off. Fire extinguishers spray water, foam, carbon dioxide (CO2), and other fire-resistant materials to control fire. The growth of this market is propelled by technological advancements and innovations in the construction industry; rise in the number of policies, regulations, and government mandates; and increased damage to human life and property due to fire breakouts.

Opportunity: Integration of smoke detectors with IoT and big data

With the rapid development of smoke detectors, along with IoT and big data technologies, the concept of smart smoke detectors has come to the fore, leading to the expansion of the smoke detector market. Smart smoke detectors are programmable and can be easily connected to Wi-Fi networks in homes and commercial spaces. These detectors provide smoke detection alerts and easy control through mobile devices, and facilitate easy monitoring of the battery status.

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Maintenance service to grow at the highest CAGR during the forecast period

Maintenance services include timely servicing and auditing of fire protection systems to ensure that fire protection systems meet all the required fire safety standards and function appropriately during an emergency. Maintenance services include inspection, testing, servicing, and repair of components, and monitoring of fire protection systems and their components. The services comprise equipment supply, system testing and commissioning, and regular preventative maintenance.

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