New York, November 25, 2021/PRNewswire/ - According to Technavio's latest report, the size of the fire protection system market will grow at a compound annual growth rate of 6.58% from 2021 to 2026 by USD 12.66 billion. Carrier Global Corp., Gentex Corp., Halma Plc, HOCHIKI Corp., Honeywell International Inc., Johnson Controls International Plc, Minimax Viking GmbH, Robert Bosch GmbH, SECURITAS AG and Siemens AG are the major players in the fire protection system market.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The integration of smoke detectors with the Internet of Things and big data, as well as the government's increasing attention to preventing fire hazards, will provide huge growth opportunities. However, factors such as the integration of user interfaces and fire protection solutions may threaten the growth of the market.
In order to take advantage of current opportunities, market suppliers must gain a foothold in the fast-growing market segment while maintaining their position in the slow-growing market segment.
2022-2026 Fire Protection System Market: Scope
The report also covers the following areas:
Fire protection system market size
Fire protection system market trends
Industry analysis of fire protection system market
2022-2026 Fire Protection System Market: Segmentation
The fire protection system market from 2022 to 2026: key regions and revenue-generating sectors
36% of the market growth will come from the Asia-Pacific region. China and Japan are the main markets for fire protection systems in the Asia-Pacific region. During the forecast period, the development of the global construction industry will promote the growth of the fire protection system market in the Asia-Pacific region.
The increase in the market share of fire detection systems in the fire detection department is significant for revenue generation. The Technavio report accurately predicts the contribution of all market segments to the growth of the fire protection system market.
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The fire protection system market from 2022 to 2026: main highlights
The compound annual growth rate of the market during the 2022-2026 forecast period
Detailed information on the factors that will contribute to the growth of the fire protection system market in the next five years
Estimation of the market size of the fire protection system and its contribution to the mother market
Forecast of upcoming trends and changes in consumer behavior
The growth of the fire protection system market
Analyze the market competition landscape and detailed supplier information
Comprehensive details of the factors that will challenge the growth of suppliers in the fire protection system market
Related report: Fire extinguisher market-the size of the fire extinguisher market is expected to grow by US$1.54 billion, with a compound annual growth rate of 4.94% from 2021 to 2025. Download the free sample now!
Fire Detection and Suppression System Market-The size of the fire detection and suppression system market is expected to grow by USD 5.04 billion and achieve a compound annual growth rate of 5% during 2021-2025. Download the free sample now!
Fire protection system market scope
Accelerate with a compound annual growth rate of 6.58%
North America, Asia Pacific, Europe, MEA and South America
U.S., China, U.K., Germany, and Japan
Leading company, competitive strategy, scope of consumer participation
Carrier Global Corp., Gentex Corp., Halma Plc, HOCHIKI Corp., Honeywell International Inc., Johnson Controls International Plc, Minimax Viking GmbH, Robert Bosch GmbH, SECURITAS AG, and Siemens AG
Mother market analysis, market growth incentives and obstacles, fast and slow growth market segment analysis, COVID-19 impact and future consumer dynamics, market conditions analysis during the forecast period
If our report does not contain the data you are looking for, you can contact our analysts and customize the market segment.
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About Us Technavio is the world's leading technology research and consulting company. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and formulate effective strategies to optimize their market position. Technavio's report library has more than 500 professional analysts, including more than 17,000 reports, and it is constantly increasing, covering 800 technologies across 50 countries/regions. Their customer base includes companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio's comprehensive coverage, extensive research, and actionable market insight to identify opportunities in existing and potential markets, and evaluate their competitive position in changing market scenarios.
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