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Climate change and environmental influence lead for some years to a higher increase of the growth in fire protection markets. The markets for fire protection have gained importance in the last years. The death toll of fire accidents is about 12,000 in the USA, 7,000 in Europe and more than 50,000 in Asia per year. The loss of assets is about 70 billion Euro per year with an increasing tendency. The total world markets show growth, but very different developments in different segments and countries.

The market worldwide shows growth rate of over 10% from 2009 to 2010. There are 500 companies holding more than 40 percent of the world markets and several thousand for the rest. The companies develop “Brands” for products and portfolios to market worldwide with the same standards and qualities. This market is more and more a competition active market But it’s a new market too, and new technologies and processes will bring new chances for the companies to market their products worldwide.

According to a new market research report "Fire Protection Systems Market by Technology (Active & Passive), Products (Fire Detectors, Sprinklers, Extinguishers, Alarms), Services, Verticals (Oil, Gas and Mining, Manufacturing), and Geography - Analysis and Forecast to 2013 - 2020", the total market is expected to reach $79.18 Billion by 2020, at a CAGR of 11.53 %.

Emerging passive fire protection technologies have been foreshowing the growth of FPS market with the higher safety regulations being implemented by the government in the different regions across the globe especially in the European countries followed by the growth in the Asia-pacific countries. The active FPS is already being implemented rigorously in all the sectors including manufacturing, oil, gas and mining and others majorly supported by the fire detectors, sprinklers and extinguishers. The fire analysis products of FPS are growing highly with the higher usage and benefits from the fire mapping and simulation software for analyzing the fire protection systems being used in various verticals.

 

The global FPS market is certainly a fragmented one with local players being dominating the market, for FPS process has found use in these major fields - consumer goods and retail; energy and power; government; healthcare; manufacturing; oil; gas and mining; transportation and logistics; and others. The manufacturing field offers a huge potential for fire protection systems market to grow, especially due to advanced & suitable features offered by FPS technologies in different manufacturing facilities. Oil, Gas and Mining is the primary field responsible for commercial birth of fire protection systems in a large scale, while consumer goods and retail field is still an emerging market offering lots of space for FPS technologies to penetrate.

The fire protection systems (FPS) market revenue market is expected to grow from $33.58 billion in 2013 to $79.18 billion in 2020 at a CAGR of 11.53%. The global fire protection systems market exhibits a lucrative growth potential for the next six years. The growth of the market is propelled by the government mandates and political support, increased fire protection expenditure from the enterprise segment, and technological innovations in equipment and networking. The lack of integrity in system interfaces and higher initial investments for the fire protection systems' installation are restraining the growth of fire protection systems globally.

Innovations in the wireless sensor networks, increasing rules and mandatory standards, and improved HMI solutions are the huge opportunities for the higher growth of the FPS market. Advanced solutions for fire protection by government is the challenge that is to be faced for the FPS in the market.

Some interesting predictions are as follows:

  • 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.
  • Passive fire protection systems market expected to grow at the highest CAGR during the forecast period
  • Fire management systems held the largest market share of the fire protection systems market based on products in 2015 and are expected to dominate the market till 2022.
  • The market for fire analysis software is expected to grow at the highest rate in the fire protection systems product market during the forecast period.
  • Commercial vertical expected to hold the largest market share by 2022.
  • Fire protection systems market for the oil, gas, and mining vertical is expected to grow at the highest rate between 2016 and 2022.

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