Overview
Global Fire Protection System Market is expected to reach USD 97,594.4 Million by 2025 at a CAGR of 9.43% during the forecast period. Market Research Future (MRFR),
in its report, envelops segmentations and drivers to provide a better glimpse of the market in the coming years. Over the past few years, there have been several fire-related accidents in commercial and residential spaces that led to the death of individuals. Thus, it becomes necessary for architects to install fire protection systems in building to avoid losses. Fire protection includes a set of fire safety procedures and equipment to guard the property against fire hazards. It generally includes fire alarms, extinguishers, and sprinkler systems. The equipment for fire safety are implemented in factories, living areas, public places, and public vehicles.
Competitive Analysis
The key players of the global fire protection system market are Honeywell International Inc. (US), Siemens AG (Germany), Tyco International PLC (Ireland), Johnson Controls International PLC (US), United Technologies Corporation (US), Robert Bosch GmbH (Germany), Hochiki Corporation (Japan), Halma PLC (UK), Minimax Viking GmbH (Germany), and Gentex Corporation (US), among others.
• In May 2019, Siemens AG launched Cerberus Portal, a cloud-based online fire protection software to monitor fire systems. This software can be accessed from PCs, laptops, and tablets to have access to general system status and operate fire systems remotely.
• In November 2018, United Technologies Corporation acquired Rockwell Collins to separate its commercial businesses—Otis and Carrier—into independent identities.
• In September 2018, Napco Security Technologies, Inc. launched StarLink Fire LTE Universal Commercial Fire Cellular communicators for reliability, longevity and incremental recurring monthly revenue (RMR) from fire accounts for cellular reporting to any brand of fire alarm system.
• In June 2018, Johnson Controls launched Autocall, a fire detection system in the Middle East. This system is used for small as well as large projects in industries such as oil & gas and chemicals.

Segmental Analysis
The global fire protection system market has been segmented based on type, product, service, vertical and region.
Based on type, the market has been classified as active fire protection system and passive fire protection system. The active fire protection system segment accounted for the larger market share of in 2016, with a market value of USD 23,667.0 million; it is expected to register the higher CAGR during the forecast period. However, the passive fire protection system segment contributed less as compared to the active fire protection system in 2016. Active fire protection (AFP) is a combination of different fire protection systems that sends an alert through the fire alarms systems and notifies those trapped inside the building to exit from the place. The passive fire protection (PFP) system compartmentalizes the building based on the level of fire resistance of walls as well as floors.
Based on service, the market has been segmented into fire detection, fire suppression, fire sprinkler, fire response, and fire analysis. The fire suppression segment accounted for the larger market share in 2016, with a market value of USD 15,408.0 million; it is expected to register the higher CAGR during the forecast period. However, the fire sprinkler segment contributed less as compared to the fire suppression component in 2016. A fire extinguisher is an essential fire suppression device that contains either water, gas, foam, or other specialized chemicals to control or extinguish a small fire. Fire sprinklers are also called sprinkler heads; these spray the water when the effect of the fire is detected. Fire detection systems help to locate the potential areas in a building where a fire may occur or has already occurred. Fire analysis is a process of analyzing a fire situation, including failure analysis, liability inspections, fire modeling, fire suppression, fire detection, and alarm system analysis, and human fire response.
Based on service, the market has been segmented into engineering, managed, maintenance, and installation & design. The installation and design service segment accounted for the largest market share in 2016, with a market value of USD 23,127.9 million; it is expected to register the higher CAGR during the forecast period. Design and installation of fire protection largely depend on the age, size, type, use, occupancy, and daily footprint of a premise. Fire protection systems require regular servicing, timely inspection, testing, and maintenance in order to ensure that the system works effectively in case of an emergency. Most fire protection system operations within a building are outsourced to service providers owing to its complex nature. It requires compliance with regulatory codes, insurance specifications, and other environmental and operational standards.
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