Fire Protection System Market Size, Share and Growth Analysis

Updated on : October 22, 2024

Fire Protection System Market Size & Growth

The fire protection system market size is predicted to grow from USD 71.6 billion in 2024 to USD 97.2 billion by 2029, growing at a CAGR of 6.3% from 2024 to 2029.

Fire Protection Systems can help avert fire accidents and associated damage across commercial, residential, and industrial structures. Fire suppression systems can diminish the adverse effects of uncontrolled fires, saving lives and property. The key driving factors contributing to the market growth include increasing infrastructure development, rapid urbanization, and rising fire causalities. Highly stringent government regulations about fire protection and the adoption of wireless technology in fire detection systems are also fueling fire protection systems market growth.

However, some restraining factors are high maintenance costs and nuisance alarms or failures of the old detection systems. The market players are focusing on developing loT & AI-integrated smoke detectors and implementing water mist systems to capture future opportunities in this market.

Attractive Opportunities in the Fire Protection System Market

Fire Protection System Market Forecast to 2029

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Fire Protection System Market Trends:

DRIVERS: Rapid development of wireless fire detection systems

Wireless fire detection systems are becoming increasingly popular with the advancement of wireless technologies. New smart buildings have a single control interface for various applications, such as HVAC, lighting control, security, and fire safety. Hence, the emergence of fully automated building control systems is crucial in this field. The growth of the wireless fire detection system market is mainly due to the increase in the construction of small- and large-scale residential and commercial buildings worldwide.

RESTRAINTS: Concerns over detection failures

Fire alarm systems are installed as a precautionary measure against fire, but they do not offer a guarantee of warning or protection against fire. There are various reasons why any fire detection system may fail to alert people. For example, the smoke particles from a developing fire may not reach the sensing chambers of the smoke detector, or there may not be enough smoke to activate the detectors. Fire detectors are designed to sound an alarm at specific density levels of smoke, heat, or flame. If the fire does not create these levels at the location of the detectors, they will not ring an alarm.

OPPORTUNITIES: Rising popularity of foam-based fire detectors

Foam-based fire protection systems are comprised of air-filled bubbles created from aqueous solutions. The foam-based system is particularly useful in creating a floating blanket on flammable and combustible liquids, which helps prevent fires by excluding air and cooling the fuel. It also helps avoid re-ignition by suppressing the formation of flammable vapors. This fire detection system can be used in industrial areas such as refineries, oil and gas facilities, and commercial areas for control, prevention, or extinguishing purposes.

CHALLENGES: Complexity in fire detector integration and configuration

Developers of fire protection systems face a significant challenge in integrating user interfaces with control schemes when multiple solutions are involved. These systems need to be incorporated into a centralized building control system for efficiency and cost-effectiveness. This allows users to obtain information from a central location and corresponding regulatory methods to be implemented electronically in response to the same incident. It also means access to features like remote notification, trending, and maintenance management systems, which may not be directly available through the fire protection system. 

The Fire Protection System Market Ecosystem

Prominent companies in this market include well-established, financially strong manufacturers such as Carrier (US), Honeywell International Inc. (US), Johnson Controls (Ireland), Robert Bosch GmbH (Germany), and Siemens (Germany). These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks.

Fire Protection System Market Segmentation

The fire analysis segment to grow with the highest CAGR during the forecast period.

Fire analysis is an integral part of fire protection systems worldwide, facilitating informed decisions that maximize efficiency. It uses various software and technology solutions, such as fire mapping, analysis, and fire modeling and simulation software. Fire mapping and analysis software provides an interactive map display with a real-time system for decision-makers to make decisions efficiently and quickly during fire-related situations. Mapping helps give a spatial representation of data, presenting groupings and associations that are unclear in a standard data view. Users can merge emergency equipment, boundaries, and topographic data into one display on the map for an immediate snapshot of all the resources in a specific region. Companies such as Insight Numerics, LLC (US) and BakerRisk (US) provide various fire mapping and analysis software.

The residential sector is expected to gain substantial market share during the forecast period.

Installing fire protection systems in residential buildings has become common as they effectively detect, contain, and extinguish fires at an early stage. There is a growing need for retrofitting fire protection systems in residential buildings globally. Retrofitting involves adding new or updated fire protection systems to existing structures, such as sprinklers, fire alarms, and suppression systems. The retrofit process is tailored to meet the requirements of renovations and outdated systems. The increase in the world’s population has led to a rise in the demand for housing, driving the residential construction industry. As residential construction activity increases worldwide, the demand for fire protection systems is expected to grow.

Fire Protection System Market by Region

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Fire Protection System Industry Regional Analysis

The market in Asia Pacific is projected to grow at the highest CAGR from 2024 to 2029.

The fire protection industry in Asia Pacific covers China, Japan, South Korea, and the Rest of Asia Pacific. Growing urbanization has increased construction activities, contributing significantly to the market's growth. Governments in this region have laid down fire safety norms, and the fire protection system market is expected to grow with the execution of these policies. China Fire Protection Association, Fire and Security Association of India (FSAI), and Japan Fire Retardant Association (JFRA) have developed several such fire safety norms. HOCHIKI Corporation, Johnson Controls, Carrier, and Eaton are a few companies in the Asia Pacific region that manufacture, design, install, and maintain fire protection systems.

Top Fire Protection System Companies - Key Market Players

The Fire Protection System Companies is dominated by players such as

• Carrier (US), 
• Honeywell International Inc. (US), 
• Johnson Controls (Ireland), 
• Robert Bosch GmbH (Germany), 
• Siemens (Germany)

Fire Protection System Market Report Scope

Fire Protection System Market Highlights

This research report categorizes the fire protection system market by type, product, service, vertical and region.

Recent Developments in Fire Protection System Industry

• In June 2023, Kidde, the brand of Carrier, expanded its HomeSafe line with three new devices, enhancing its integrated home health and safety product range. Utilizing Kidde HomeSafe technology and connected to the Kidde app, these innovative detection products offer instant notifications for threats like smoke, carbon monoxide, and indoor air quality issues.
• In December 2023, through its Smart Infrastructure segment, Siemens enhanced its fire safety capabilities on Building X by introducing new applications and an API. This development aims to boost transparency, reduce incident response times, and improve maintenance processes for service providers within the digital building platform, contributing to an enhanced user experience, increased performance, and improved sustainability as part of Siemens Xcelerator.
• In December 2021, Honeywell International Inc. announced its acquisition of US Digital Designs, Inc., a leading alerting and dispatch communications solutions provider. This acquisition will help grow the fire and connected life safety systems business.

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