North America Fire Protection Systems Market by Products (Fire Detection Systems, Fire Management Systems, Fire Response System, Fire Analysis & Software, and Others), Services (Consulting & design and Installation & maintenance), and Industry Vertical (BFSI, Automotive & Transport, Manufacturing, Energy & Power, Healthcare, Oil & Gas and Mining, and Other Verticals) - Opportunity Analysis and Industry Forecast, 2020-2030
Industry: Semiconductor & Electronics | Publish Date: 30-Nov-2024 | No of Pages: 125 | No. of Tables: 63 | No. of Figures: 33 | Format: PDF | Report Code : SE364
Market Definition
The North America Fire Protection Systems Market size was valued at USD 18.81 Billion in 2019 and is predicted to reach USD 34.61 Billion by 2030 with a CAGR of 5.7% from 2020-2030.
Fire protection systems are equipment used to suppress and control fire with the help of manual or automatic detectors. Fire protection systems offer safety and reduces potential damage or loss caused by fire hazard. Fire protection system comprises of various components such fire management systems, fire detection systems, fire response systems, and fire analysis & software.
Market Dynamics and Trends
The increase in the number of fire incidences has led to a rise in casualties, loss of assets and human lives. North America has suffered a loss of around USD 25.6 billion due to fire incidents in 2018 alone. In order to prevent these casualties and loss of assets from such hazards, the demand for advanced fire protection systems have increased in recent years. This growing demand for fire protection systems is followed by the demand for technologies used in alarms, detection, monitoring, and sensing during fire hazards.
Additionally, North America has been witnessing major infrastructural developments which has further boosted the demand for fire protection system market in this region. However, greater penetration of predictive maintenance and fluctuation in raw material prices may hamper the growth of the fire protection system market growth.
The North America fire protection systems market report has been analyzed based on product, services, industry vertical, and country. Based on product, the market is segmented into fire detection systems, fire management systems, fire response systems, fire analysis & software, and others. Based on services, the market is segmented into consulting & design services and installation & maintenance services. Based on industry vertical, the market is segmented into BFSI, automotive & transport, manufacturing, energy & power, healthcare, oil & gas and mining, and other verticals. Geographic breakdown and analysis of each of the previously mentioned segments is further analysed across countries such as the U.S., Canada, and Mexico.
The North America fire protection systems industry is highly competitive and consists of numerous market players. Some of the major market players in this market includes 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
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The North America fire protection systems market report provides quantitative market analysis and estimations through 2020-2030 that assists to determine the predominant market opportunities to exploit.
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The study comprises a deep drive analysis of North America fire protection systems market including current and upcoming trends for interpreting the prevalent investment pockets in the market.
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The report gives intricate information related to key drivers, restraints, opportunities and their impact on market.
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The report consolidates a competitive analysis of the market players along with their market share in market.
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The study elaborates SWOT analysis and Porters Five Force model for the market.
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Value chain analysis in the market study provides a clear picture of the stakeholders’ roles in the North America fire protection systems market.
North America Fire Protection Systems Market Key Segments
By Product
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Fire detection systems
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Fire management systems
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Fire response systems
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Fire analysis & software
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Others
By Services
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Consulting & design
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Installation & maintenance
By Industry Vertical
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Banking, Financial Services and Insurance
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Automotive & Transport
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Manufacturing
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Energy & Power
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Healthcare
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Oil & Gas and Mining
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Other Verticals
By Country
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U.S.
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Canada
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Mexico
Key Players:
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Honeywell International Inc.
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Johnson Controls, Inc.
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Siemens AG
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Orcus Fire & Risk, Inc.
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Halma PLC
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Robert Bosch GmbH
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United Technologies Corporation (UTC)
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Amerex Corporation
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Gentex Corporation
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HOCHIKI Corporation
Report Scope and Segmentation
|
Parameters |
Details |
|
Analysis Period |
2019–2030 |
|
Base Year Considered |
2020 |
|
Forecast Period |
2020–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Market Segmentation |
By Product (Fire Detection System, Fire Response System, Fire Analysis & Software, Other Products) By Services (Consulting & Design, Installation & Maintenance) By Industry Vertical (Banking, Financial Services & Insurance, Automotive & Transport, Manufacturing, Healthcare, Oil, Gas & Mining, Other Verticals) |
|
Geographical Segmentation |
North America (U.S., Canada, Mexico) |
|
Companies Profiled |
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. |
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