Barana Tajhiz Hoshmand | BTH

North America held the largest share of the FPS market in 2015. Certain verticals in the region such as oil & gas, mining, and energy & power have shown a positive outlook for the growth of the fire protection systems market. This is a result of the necessity to adhere to the stringent corporate compliance and regulation requirements for these sectors, in which applications of FPS account for a major share of the North American market.

However, the high installation and maintenance costs of fire protection systems restrain the growth of the fire protection systems market. In addition, integrating user interfaces, when multiple solutions are used in a control mechanism, act as a restraint in the growth of the fire protection systems market.

Over the years, the HMI component technology has undergone major changes to serve the increasingly specialized needs of industrial, transportation, oil & gas, energy & power, public access/security, and lifting/moving applications. This is a major area of opportunity for further growth of FPS in the near future. Also, one of the huge opportunities in the fire protection market is wireless sensor networks (WSNs), which consist of spatially distributed independent sensors that monitor fire conditions and cooperatively pass their data through the network to a main location.

In 2014, the global fire protection systems market was led by Honeywell International Inc. (New Jersey, U.S.), Johnson Controls (Wisconsin, U.S.), Siemens AG (Munich, Germany), Tyco International Plc (Cork, Ireland), and United Technologies Corporation (Connecticut, U.S.). The other major players in the fire protection systems market include Gentex Corporation (Michigan, U.S.), Halma Plc. (Buckinghamshire, U.K.), Hochiki Corp. (Tokyo, Japan), Robert Bosch GmbH (Stuttgart, Germany), and VTMAK (Virginia, U.S.). These players have adopted various strategies such as partnerships, agreements, contracts, mergers & acquisitions, and new product developments to achieve growth in the global fire protection systems market.

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