Market Overview

Global Fire Suppression Market 2018-2023 - Fire Suppressors, Fire Detectors and Control Panels, Sprinklers, Nozzles, Caps, and Control Heads - ResearchAndMarkets.com

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The "Fire
Suppression Market by Product (Fire Suppressors, Fire Detectors and
Control Panels, Sprinklers, Nozzles, Caps, and Control Heads),
Suppression Reagent, Sector (Residential, Commercial, Industrial), and
Region - Global Forecast to 2023"
report has been added to ResearchAndMarkets.com's
offering.

The fire suppression market is estimated to be worth USD 22.97 billion
in 2018 and is projected to reach USD 29.13 billion by 2023, at a CAGR
of 4.87% between 2018 and 2023.

The growth of the market is propelled by technological advancements and
innovations in the construction industry; increasing policies,
regulations, and government mandates; and increased damage to human life
and property due to fire breakouts. High installation and maintenance
costs of fire suppression systems and the lack of integrity in system
interfaces restrain the growth of the fire suppression market.

The market for fire detectors and control panels is expected to grow at
the highest CAGR during the forecast period. Fire detectors and control
panels (including smoke, heat, flame, and gas detectors) play an
important part of fire safety. Fire detectors and control panels are
especially used in homes for fire detection. As fires spread, the
detector initiates the alarm and warns residents, giving them enough
time to get to safety.

According to NFPA, a working detector would reduce the chances of fatal
fire accidents by 50%. Over 60% of all fire-related deaths happen in the
residential space due to the absence of detectors. These devices
typically cost ~USD 15-100 and need to be replaced every 10 years.

Fire suppression clean agents are expected to account for the largest
share of the fire suppression market during the forecast period. The
gaseous suppression system is also known as clean agent suppression
system that uses inert gases and chemicals to extinguish fire.

Clean agent fire suppression systems are waterless and deploy
immediately without leaving oily residue or water that can damage
irreplaceable assets. Clean agent fire suppression systems use a gaseous
agent rather than water to diffuse fires to minimize damage from a fire.
These systems are ideal for data centers, manufacturing plants,
healthcare offices, chemical storage facilities, museums, IT rooms, etc.
These are available in different forms, such as carbon dioxide and FM
200.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Fire Suppression Market, By Product

7 Fire Suppression Market, By Suppression Reagent

8 Fire Suppression Market, By Sector

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

  • Johnson Controls
  • United Technologies
  • Robert Bosch
  • Siemens
  • Halma
  • Hochiki
  • Firefly
  • Honeywell
  • Minimax Viking
  • S&S Fire Suppression Systems
  • EMS Security Group
  • Electro Detectors
  • Napco Security Technologies
  • Fike
  • Gentex
  • Encore Fire Protection
  • Noha Norway
  • Sterling Safety Systems
  • Fireprotec
  • Fire Suppression Limited

For more information about this report visit https://www.researchandmarkets.com/research/bcv3pm/global_fire?w=4

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