The report “Fire Protection Systems Market:
Fire Alarm, Sensor, RFID, Control Panel, Interface, Modeling and
Simulation Software, Public Alerts and Warning, Emergency Lighting,
Secure Communication, Managed Service - Worldwide Forecasts &
Analysis (2013 - 2018) ” provides a comprehensive market and
forecast analysis of the overall market, segmented by components,
services, regions and verticals.
The report covers all the major
sub-segments of the fire protection systems market and provides the
quantitative (market size and market growth) and qualitative (trends,
analysis and insights) for those segments. This comprehensive coverage
of the fire protection systems market provides important inputs, such
as drivers, restraints and opportunities in this market, profiles the
major players in this market, maps the competitive landscape and
provides the overall perspective on the fire protection systems market
in the various verticals and regions.
Fire Protection Systems market has gained traction in
the recent years owing to the recent rise in accidents and the loss of
assets, due to fire hazards. Alongside, demand for a comprehensive
solution in fire protection is rising, leading to an increase in the
global spending for fire protection systems. Technologies, such as human
machine interface solutions, smart building, and wireless sensory
networks, are making their launch in the fire protection systems market.
New advanced sensors have been developed to give accurate data to the
control units. Intelligent sensors have networking capabilities, wherein
a group of sensors and detectors can communicate easily through control
units, leading to more efficiency in the systems. Distant users can
access these intelligent sensors by connecting through LAN/WAN networks.
MarketsandMarkets has segmented the fire protection
systems market by type of fire detection components: Sensors and
Detectors, and Radio Frequency Identification (RFID); by type of fire
management components: Control Panels, and Interfaces; by type of fire
analysis components: Fire Mapping and Analysis Software, and Fire
Modeling and Simulation Software; by type of fire response components:
Emergency Lighting, Voice Evacuation and Public Alerts, Secure
Communication, and Fire Alarm Devices; by type of services: Engineering
Services, Installation and Design, Service and Maintenance, and Managed
Services; by verticals: Academia and Institutional, BFSI, Consumer Goods
and Retail, Energy and Power, Government, Healthcare, Manufacturing,
Oil, Gas and Mining, and Transportation and Logistics; by regions: North
America (NA), Asia Pacific (APAC), Europe, Middle East and Africa (MEA)
and Latin America (LA).
MarketsandMarkets forecasts the fire protection
systems market to grow from $34.74 billion in 2013 to $66.56 billion in
2018. This represents a compound annual growth rate (CAGR) of 13.9%
during the forecast period.
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