Fire Protection System Market

Fire Protection System Companies - Johnson Controls (Ireland) and Carrier (US) are the Key Players

The global fire protection system market size is expected to grow from USD 71.6 billion in 2024 to USD 97.2 billion by 2029, at a CAGR of 6.3% from 2024 to 2029. The global fire protection system market is poised for lucrative growth, driven by increasing demand to mitigate human and property losses from fires, stringent regulations mandating system installations, and development in the construction sector. Heightened safety concerns prompt prioritizing effective fire prevention and suppression measures, while legal requirements reinforce the necessity of compliance. Simultaneously, the expanding construction industry amplifies the need for fire protection systems to safeguard structures against potential fire hazards, collectively shaping a promising growth trajectory for the market.

As of 2023, Johnson Controls (Ireland), Carrier (US), Honeywell International Inc. (US), Siemens (Germany), and Robert Bosch GmbH (Germany) were among the major five players in the global fire protection system market. These companies strengthen their market position by developing innovative products and acquiring small players.

To know about the assumptions considered for the study download the pdf brochure

Major Fire Protection System Companies Include:

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

Johnson Controls

Johnson Controls provides a range of technology-driven products across various sectors. Its operations are organized into four main segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia-Pacific, and Global Products. Within the Building Solutions segment, the company specializes in developing, producing, marketing, and installing comprehensive heating, ventilation, and air conditioning (HVAC) systems alongside building management systems, controls, fire detection and suppression solutions, and mechanical equipment. Johnson Controls serves a global clientele with a presence in over 150 countries spanning across the Americas, Europe, the Middle East & Africa (EMEA), and Asia Pacific.

Carrier  

Carrier provides healthy, safe, and sustainable building and cold chain solutions. The company’s portfolio includes industry-leading brands, such as Carrier, Kidde, Edwards, LenelS2, Carrier Transicold, and Automated Logic. It offers products under three major segments: HVAC, Refrigeration, and Fire & Security. Products under fire & security cater to various applications in residential, commercial, industrial, and transportation facilities. Under this segment, it provides fire suppression systems, fire detection & alarm systems, and passive fire protection equipment for industrial, commercial, and residential applications. It also offers monitoring and response services under this segment.

Honeywell International Inc.

Honeywell International Inc. is a globally recognized technology and manufacturing corporation catering to a diverse customer base. With a notable presence in the fire protection sector, the company is structured into four segments: Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. Under the Honeywell Building Technologies segment, the company provides fire detection, video surveillance, and access control solutions. It also develops, manufactures, and sells fire protection systems. Its fire and security portfolio includes fire detection, alarm systems, and fire responders. Fire detection and alarm systems comprise alarms—wired and wireless, control panels, and mass notification devices for various applications.

Robert Bosch GmbH

Robert Bosch GmbH specializes in the development, marketing, and distribution of products and services across automotive, industrial, consumer goods, energy, and building sectors on a global scale. Within its offerings, the company provides a variety of fire detection and alarm systems featuring both wired and wireless options. Moreover, its smart home system solutions furnish users with a unified platform accessible via smartphones or tablets, facilitating the interconnection of heating, lighting, smoke alarms, and various household appliances. Robert Bosch GmbH is structured into four business segments, including Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Energy & Building Technology segment offers a range of fire detection systems, including fire detection and alarm systems, public address and voice alarm products, and video-based fire detection systems. The portfolio of fire detection and alarm systems consists of fire alarm control panels and peripheral devices, such as sounders, call points, and detectors.

Siemens

Siemens manufactures power generation, transmission, automation, and medical diagnosis products. Its operations are divided into six segments: Digital Industries, Siemens Healthineers, Smart Infrastructure, Mobility, Portfolio Companies, and Siemens Financial Services. Within the Smart Infrastructure segment, Siemens offers automation technologies and digital services to enhance building safety and security. This encompasses products, solutions, services, and software for fire safety, security, building automation, HVAC systems, and energy management. The fire safety division provides services for fire detection, rapid alarm, and intelligent fire extinguishing, catering to various commercial and industrial applications.

Related Reports:

Fire Protection System Market by Fire Suppression, Smoke Detector (Photoelectric, Ionization, Beam), Flame Detector (IR, UV), Heat Detector, Sprinkler (Wet, Dry, Deluge), Fire Response & Analysis, Service, Vertical and Region - Global Forecast to 2029

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Fire Protection System Market Size,  Share & Growth Report
Report Code
SE 3049
RI Published ON
2/27/2024
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status