Fire Protection System Market

Johnson Controls (Ireland) and Carrier Global Corporation (US) are the Leading Players in the Fire Protection System Market

Fire protection systems are a set of connected devices or systems that are used to prevent fire accidents. These systems also reduce the impact of uncontrolled fires, thus saving lives and property. Fire protection systems comprise fire detection, fire suppression, fire sprinkler, fire analysis, and fire response systems that are required in emergencies.

The market growth is mainly attributed to the growth of the construction industry, stringent regulatory compliances, and a rise in the adoption of wireless technology in fire detection systems. The global fire protection system market size is expected to grow from USD 62.1 billion in 2021 to USD 84.6 billion by 2026, at a CAGR of 6.4%

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Johnson Controls (Ireland), Carrier Global Corporation (US), Honeywell International, Inc. (US), Siemens AG (Germany), Halma Plc (UK), Robert Bosch Gmbh (Germany), Hochiki (Japan), Gentex Corporation (US), Minimax Viking (Germany), and Securiton (Switzerland) are the leading players of the fire protection system market.

Johnson Controls has expanded its presence in emerging markets, including India, China, and some countries in the Middle East and Latin America. Johnson Controls offers fire detection and alarm systems, and fire response systems. The fire detection and alarm systems provided by the company are fire alarm panels and fire alarm peripheral devices such as detectors, sounders, and manual call points. Fire response systems include mass notification devices. The company has a business unit committed to developing and providing quality products, services, and solutions related to fire protection safety and security. As a leading innovative firm, the company is focused on delivering value to shareholders and meeting the needs of its customers. For instance, in February 2020, Johnson Controls’ addressable fire alarm notification appliances were the first in the fire protection industry to receive the UL (Underwriter Laboratories) Verified Mark for their innovative self-test function.

Carrier Global Corporation has been offering a broad portfolio of fire protection products for various applications. It focuses on enhancing its technology business through product launches, partnerships, and acquisitions. The company aims to improve its production of fire suppression and detection solutions. It has a research and design center in India and has opened a center of excellence in France. These R&D centers focus on the development of new products to strengthen their customer base. In April 2021, Marioff, a leading developer of water mist fire protection technology, is a part of Carrier Global Corporation. Marioff has signed a contract with the Satakunta Hospital District in Finland to provide a HI-FOG high-pressure water mist suppression system to the psychiatric hospital in Pori.

Related Reports:

Fire Protection System Market with COVID-19 Impact by Product (Fire Suppression, Fire Analysis, Fire Response, Fire Detection), Service (Engineering, Installation and Design, Maintenance, Managed), Type, Vertical, and Region - Global Forecast to 2026

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Report Code
SE 3049
RI Published ON
8/20/2021
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