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Market Leader - Fire Protection Systems Market

The fire protection systems market is anticipated to grow at a CAGR of 9.7% between 2017 and 2022 to reach USD 93.46 Billion by 2022. In 2016, the fire protection systems market was dominated by Honeywell International Inc. (US), Siemens AG (Germany), Tyco International PLC (Ireland), Johnson Controls (US), United Technologies (US) and Robert Bosch GmbH (Germany). Other major players operating in the market include HOCHIKI Corporation (Japan), Halma Plc (UK), Minimax Viking GmbH (Germany), and Gentex Corporation (US).

Tyco and Johnson Controls in combination were ranked first in the FPS market in 2016. Tyco is one of the leading providers of fire protection solutions. Its technologies, strategies, and business performance have a significant impact on the security and fire protection solutions sectors. The company focuses on developing an operating system that leverages the combined global capabilities of its fire protection and security business. The company acquired Commercial Wireless Systems International LLC (US), a provider of wireless fire detection systems, in 2015. This acquisition complemented and helped Tyco expand its product offerings; it also strengthened Tyco’s presence in the rapidly growing wireless fire detection segment. Tyco has undergone several strategic and financial alternatives till date. For instance, it sold ADT Corporation to Apollo Global Management LLC (US) for ~USD 6.9 Billion. The investments made by Tyco in developing innovative and unique products have enabled it to hold the leading position in the fire protection industry. 

Johnson Controls (US) has started concentrating on its core business recently by acquiring and divesting nonprofit companies. This has helped the company grow its revenue and expand its presence in the emerging markets, including India, China, and some countries in the Middle East and Latin America. This is also likely to help the company in reducing the risk associated with its business. Johnson Controls has a huge customer base as it is a diversified technological firm operating globally. A unique network of technology partners of the company helps it in providing the most comprehensive solutions in the industry. The company has a business unit committed toward 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 the shareholders and meeting the needs of its customers. In October 2015, Johnson Controls launched Building Control Manager (BCM) 2.0, an improved version of its BCM system. This product offers improved user interface and has new productivity tools. In April 2014, Johnson Controls launched WT-4000, a new series of pneumatic-to-digital thermostats. These thermostats convert older pneumatic room control systems and enable them to communicate with digital building automation systems.   

Related Reports:

Fire Protection Systems Market by Product (Fire Detection (Sensors & Detectors (Flame, Smoke Detectors), RFID), Fire Suppression (Fire Sprinklers, Fire Extinguishers), Fire Analysis, Fire Response), Service, Vertical - Global Forecast to 2022

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