Fire Detection & Suppression Systems Market to Post 10.82% CAGR to 2021, States Infiniti Research in Its New Report Published at MarketPublishers.com04 Jul 2017 • by Natalie Aster
LONDON – Globally, the market for fire detection and suppression systems is expected to gather speed at a 10.82% CAGR through to 2021.
The necessity to safeguard the structure and minimise the loss of human lives is one of the key factors propelling this market growth. Furthermore, fire detection and suppression systems also eliminate the fire and minimise the destruction and loss to property and assets. Countries are formulating compulsory regulations, which is raising the demand for these systems influenced by the enhanced introduction of automation systems in residential constructions and industries.
The marketplace has also witnessed the introduction of ecologically clean products. Manifold green technologies are being introduced to minimise the influence of high CO2 emissions and environmental contamination.
The market is characterised by increased competition and fragmentation owing to the presence of a slew of global and regional players. Vendors focus on offering custom, innovative, and high-precision detection systems and are participating in M&A deals to increase their market shares. Amerex, AFEX, Siemens, Globe Fire Sprinkler, and Tyco are the top vendors in the marketplace.
New research report “Global Fire Detection and Suppression Systems Market 2017-2021” created by Infiniti Research provides an all-encompassing, granular analysis of market worldwide.
The study offers market segmentation based on type and end-use sector. A geographical breakdown of the market is provided, covering the Americas, EMEA, and APAC. The report provides market sizing by considering the novel installations, value, volume, retrofit, replacement, and aftermarket services market. The research study limelights the key factors stimulating and hindering the market’s growth, identifies and discusses key market challenges and opportunities. Furthermore, the report canvasses the competitive environment and profiles the leading and prominent market players. In addition, the report speculates on the future growth trajectory of the market and includes 5-year forecasts.
To find more new research studies by publisher, visit Infiniti Research page at MarketPublishers.com.