Fire Protection Systems Market - Global Forecast to 2022 - New Market Study Published

Fire Protection Systems Market by Technology (Active, Passive), Product (Fire Detection (Sensors & Detectors, RFID), Management (Fire Sprinklers, Extinguishers), Fire Analysis & Response), Service, Vertical, and Geography - Global Forecast to 2022

"The increasing policies, regulations, and government mandates along with technological advancements and innovations in equipment and networking are driving the fire protection systems market"

The fire protection systems market size is expected to grow from USD 47.96 billion in 2015 to USD 98.24 billion by 2022, at a CAGR of 10.1% between 2016 and 2022.

The fire protection systems market is driven by factors such as increasing policies, regulations, and government mandates, and rising fire-related expenditure of various enterprises and rise in deaths & loss of property due to the same. Also, the technological advancements and innovations in equipment and networking are fostering the growth of the fire protection systems market.

Full Report Details at
- http://www.fastmr.com/prod/1171456_fire_protection_systems.aspx?afid=301

"Fire protection systems in the oil, gas, and mining vertical to gain maximum traction during the forecast period"

The commercial vertical is expected to hold the largest share of the fire protection systems market by 2022, while the fire protection systems market for the oil, gas, and mining vertical is expected to grow at the highest rate between 2016 and 2022. The oil, gas, and mining sector is more prone to fire accidents due to the involvement of highly flammable materials such as oil, gasoline, and other combustible substances. Suitable fire detection and prevention systems are required in this sector to avoid accidents.

The oil, gas, and mining industries are growing at a rapid pace in the APAC region. The oil, gas, and mining business is more disposed to fire burst due to the involvement of flammable materials. Therefore, this vertical demands for advanced and exhaustive fire protection systems.

The manufacturing vertical is also growing significantly due to the need to safeguard human lives and properties as well as to avoid production halt. There are many such fire incidents which have not only caused deaths of many employees but have also damaged properties. The government and industrial associations are making it mandatory for manufacturers to install adequate fire protection systems which can cater to the needs of the manufacturing sector.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The breakdown of the profile of primary participants is given below:

* By Company Type: Tier 1 - 42%, Tier 2 - 37%, and Tier 3 - 21%
* By Designation: C-Level - 30%, Director Level - 33%, and Others - 37%
* By Region: North America - 45%, Europe - 26%, APAC - 15%, and RoW - 14%

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Building Automation System Market - Global Forecasts to 2022
- Border Security System Market - Global Forecast to 2022
- Compressor Control System Market - Global Forecast to 2022
- GaN Power Devices Market - Global Forecast to 2022
- Vehicle Surveillance Market in-Vehicle Surveillance - Global Forecast to 2022