Dublin, March 25, 2021 (GLOBE NEWSWIRE) -- The "Fire Suppression Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Despite Legislation & Institution of Strict Fire Safety Measures, Numerous Fire Accidents Worldwide Are Just Waiting to Happen. Fire Suppression Systems to Witness Global Opportunities Rise to US$ 27.5 Billion
The global market for Fire Suppression Systems is expected to slump by -4.7% in the year 2020 in response to COVID-19 induced business and economic challenges and thereafter recover and grow to reach US$ 27.5 billion by the year 2027, trailing a post COVID-19 CAGR of 5.4% over the analysis period 2020 through 2027.
While passive methods focus on curbing the happening of fire events by using fire proof materials such as coatings, claddings and cement materials in construction of buildings, active methods rely on manual and automatic technologies integrated with alarm systems, evacuation tools and suppression equipment to identify fire in a site, evacuate people, and control and extinguish the fire. Fire suppression systems provide an effective means to ensure protection against fire.
When used in combination with fire alarm systems and smoke detectors, they provide safety to people and aid in minimizing asset damage. Automatic fire suppression systems are basically fire safety equipment, which integrate sensors, detectors and fire suppression materials such as water, gaseous agents, foam, wet agents or dry chemicals to identify a fire event in a building or facility, and extinguish and control spread of fire.
With heavy dependence on the construction sector, demand for fire suppression systems is coming under severe pressure as weak economic environment on account of disruptions due to COVID-19 outbreak considerably brings down the momentum in the construction activity in residential, commercial enterprise, hospitality, healthcare, institutional, and industrial sectors.
Factors such as supply chains disruptions; shortage of building materials, subcontractors, and workers; and the termination of contracts to control expenses are all wielding considerable pressure on residential as well as non-residential construction projects. Uncertainty in the housing sector as is evident through considerable drop in housing starts and permits clearly demonstrate the headwinds for the industry.
While residential segment remains highly affected segment, the industrial and commercial segments also remain affected as the turmoil created by the epidemic remains massive on industrial enterprise operations, commercial enterprise activity and also hospitality and travel & tourism sectors. The slowdown in construction activity coupled with weak economic scenario is likely to lessen the demand for fire suppression systems globally.
In the post COVID-19 period, growth will be driven by increased use of IoT in fire safety which has potential to offer immense safety and efficiency benefits. Wireless cellular networks or low-power wide area networks (LPWAN) can seamlessly transmit a wide range of data from IoT devices to help in prevention and suppression of fire.
Sophisticated IoT sensors such as heat-proof sensors can resourcefully communicate the origin point of fire, the intensity and nature of fire and the spreading patterns, and also information about occupants in the fire zone. Accurate real-time information about the events going on at the hazard site empowers streamlined and synchronized firefighting and evacuation efforts, while potentially reducing the property damage and human casualties.
Furthermore, IoT-enabled personal alert safety system allows detection of firefighter motion through an acoustic transmitter that functions as a beacon to precisely locate the firefighter. Such IoT monitoring systems may potentially incorporate sensors to gauge body temperature, heart rate, volume flow rate, gas pressure, and acoustic impact, among others. Also, environment friendly sophisticated watermist fire suppression systems will come to the fore to substantially improve the fire safety in residential buildings.
Watermist systems use small droplets of water and enhance the surface area of the suppressant material to help reduce the oxygen and temperature at the flame front of the fire, eventually curbing the spread of the fire. Watermist consumes much of the energy of fire while converting water into steam, thereby minimizing the room temperature in the region of the fire. The technology produces large amounts of inert steam and minimizes smoke and toxic gases locally, by bringing down temperatures, eliminating oxygen, and slowing the oxidation reactions of the fire.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Sprinkler Systems Installations to Change amid Re-opening of Offices
Fire Safety & Security: An Introductory Prelude
Manual & Automatic Technologies for Comprehensive Fire Safety Strategy: A Snapshot
Select Fire Event Related Stats Highlighting the Importance of Fire Suppression Systems
Developed Markets: Key Revenue Contributors
Developing Markets to Drive Future Market Growth
Manufacturers Focus on End-to-End Support Services
Asian Companies Seek to Expand Business Footprint
2. FOCUS ON SELECT PLAYERS (Total 224 Featured):
AFEX Fire Suppression Systems
APi Group Inc.
Carrier Global Corporation
Chubb Fire & Security Ltd.
Kidde Fire Systems
Marioff Corporation Oy
Eusebi Impianti s.r.l
Fireboy- Xintex LLC
Johnson Controls International Plc
Jomarr Products, Inc.
Minimax GmbH & Co. KG
Semco Maritime A/S
Siemens Building Technologies
3. MARKET TRENDS & DRIVERS
Innovations Drive Momentum in Fire Suppression Market
Focus Grows on Sustainable Technologies
Smart Systems Evolve to Rejuvenate Growth
Future Evolution of Fire Suppression Systems
Next-Generation Smoke Detectors
Innovative Fire Safety Applications in Pipes
High-Rise, Modular Buildings Drive Space-Saving Innovations in Fire Suppression Market
IoT Gains Traction in Fire Suppression Technologies
Automatic Fire Extinguishing Systems Best for Heavy Machinery Protection
Fire Suppression Systems Crucial to Prevent Major Service Interruptions in Modern Data Center Operations
Expanding Role of Fire Protection Engineering in Building Architecture Generates Opportunities
Regulations and Building Codes Support Proliferation of Fire Suppression Systems
Water Based Systems: The Largest Market Segment
Wet Pipe Systems Continue to Widen Audience Base
Dry Pipe Systems Ideal for Structures Characterized by Sub-Zero Temperatures
Design, Functional & Cost Limitations Hamper Adoption of Dry Pipe Systems
Pre-Action Systems Gain Traction in Water-Leakage Sensitive Environments
Deluge Sprinkler Systems for High-Hazard Sites
Water Mist Systems Burn Bright in Fire Safety Technology Industry
New Watermist Technologies Improve Fire Safety
Gaseous Fire Suppression for Cleaner and Effective Suppression of Fire
Select Gaseous Fire Suppression Agents by Mechanism Type: A Snapshot
Clean Agents Make Rapid Progress Following Phase-Out of Virgin Halons
F-Gas Regulation Curtail HFC-based Gaseous Systems
CO2 Systems for Fast, Highly Adaptive, Non-Damaging & Eco-Friendly Fire Suppression
PFAS Free Foams to Increasingly Replace PFAS Based Foams in Fire Suppression Systems for Industrial Facilities
Specialty Systems Aim to Expand Market Share
Drive towards Smart Home to Trigger Expansion
High Thrust on Building Automation Augments Market Prospects
Technologies Used in Building Automation Systems (BAS) by Application Area: A Snapshot
Emerging IoT Technologies Enhance Fire Safety in Smart Cities
Hospitals Integrate Fire Suppression in Building Security Mix
Rise in Use of Advanced Fire Safety Systems in Hospitals
Fire Suppression Systems Assume Critical Importance in Industrial Manufacturing Sites
Warehouses & Logistics Sites Prioritize Fire Suppression to Avoid Inventory Losses
Flammable Nature of Hydrocarbons Necessitates Fire Suppression in Oil & Gas Facilities
Museums, Historic Buildings & Heritage Sites Extend Potential Opportunities
Growth in Demand in the Transportation Sector
Fire Suppression Systems Seek Role in the Airport Security Mix
Education Sector: A Lucrative End-Use Sector
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Recovery in Construction Sector to Boost Growth
Sprinkler Systems Gain from Advancements
Demand for Water Mist Systems on Rise
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 208
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