Global Fire Detection And Suppression Systems Market By Product Type (Fire Detection And Fire Suppression), By Application (Commercial, Industrial, Residential And Other Applications), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Fire Detection And Suppression Systems Market By Product Type (Fire Detection And Fire Suppression), By Application (Commercial, Industrial, Residential And Other Applications), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)
Trusted Business Insights has published a comprehensive market research report on, Fire Detection and Suppression Systems Market by Product Type(Fire Detection and Fire Suppression), By Application(Commercial, Industrial, Residential and Other Applications), and by Region -Global Forecast to 2030, which offers a holistic view of the Global Fire Detection and Suppression Systems Market through systematic segmentation that covers every aspect of the target market.

The Global Fire Detection and Suppression Systems Market was valued at US$ 53,260.1 Mn in 2020 and is expected to reach US$ 101,905.8 Mn by 2030 at a CAGR of 6.7%.

Fire detection systems are commonly designed and installed to provide alerts regarding possible outbursts of fire. The alerts provided enables early evacuation thus protecting life, and if needed emergency firefighting may be carried out to prevent further spread of fire protecting property as well. Fire protection systems comprise of fire alarms, automatic fire detection, and fire suppression systems. Two types of fire detection devices can be used to detect combustion. Ionization detectors use radioactive material within the device to detect invisible products of combustion. In photoelectric detectors, the light beam has been used to detect the presence of visible particles of smoke. Fire suppression systems consist of sprinkler systems, standpipe systems, and specialized extinguishing systems. The automatic sprinkler system is the most commonly used fire suppression system. Installation of fire protection systems in buildings has become common, as these systems are effective in detecting, containing, and extinguishing fires swiftly.

Modernization and technological advancements revolving around the construction industry, with a focus to provide several safety features to consumers is a major factor likely to fuel the growth of the target market. In addition to this, stringent government regulations and mandates related to worker safety in industrial premise, both in developed, as well as, developing countries are expected to propel the growth of Fire Detection and Suppression Systems market.


Global Fire Detection and Suppression Systems Market Revenue (US$ Mn), 2021 to 2030


Furthermore, recovery of the construction sector in developed regions, coupled with the strong growth of the construction sector in developing regions, is another key factor anticipated to fuel the growth of the target market.

However, high installation and maintenance costs of fire protection systems coupled with, high costs needed in replacing traditional fire detectors with smart detectors might hinder the market growth. Nonetheless, the rapid development of smoke detectors and other systems, assimilated with the internet of things and big data is expected to provide lucrative opportunities to the key players in the market.

Global fire detection and suppression systems market is segmented on the basis of product type, applications and region. On the basis of product type, the market is segmented fire detection and fire suppression. Fire suppression segment accounts for the majority share in the global fire detection and suppression systems market, and also it is expected to register the highest growth rate over the forecast period. On the basis of applications, the market is segmented into commercial, industrial, residential and other applications among which industrial segment accounts for a majority share in the global fire detection and suppression systems market.


Global Fire Detection and Suppression Systems Revenue Market Attractiveness Analysis By Application, 2012“2018


On the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America and Middle East Africa. North America accounts for the majority share in the global fire detection and suppression systems market followed by Europe owing to the growth of the construction industry in this region. Emerging economies such as the Asia Pacific and MEA are expected to register the highest growth rate over the forecast period.
The research report on the global fire detection and suppression systems market includes profiles of some of the major companies such as Tyco International, Kidde International, Siemens Aktiengesellschaft, Honeywell International, Inc., Dafo Brand Ab and Amerex.



Below are the active patents related to Fire Detection And Suppression Systems Market.


Patent Number: US20080017393A1

Fire Suppression Systems and Methods

Abstract

Fire suppression systems and methods are described. One described system includes a housing configured to house a container of a fire suppression material, a delivery block in fluid communication with the container, and a nozzle in fluid communication with the delivery block and configured to disperse the fire suppression material from the delivery block. The described system can also include a power supply; a thermal indicator coupled to the power supply and operable to: detect the presence of a fire, generate a first signal indicating the presence of the fire, and transmit the first signal; and an actuator coupled to the power supply, the actuator in communication with the thermal indicator and configured to cause the fire suppression material to be transferred from the container to the delivery block in response to receipt of the first signal.

Application File Date: 2007-06-01

Application Granted Date: 2014-03-18

Current Assignee: WHITNEY PROJECTS LLC

Patent Number: US7810577B2

Fire sensor, fire detection system, fire suppression system, and combinations thereof

Abstract

A combination fire detection and fire suppression system may include a fire detection system configured to detect an undesirably high temperature associated with an area. The fire detection system may include a temperature sensor including a temperature sensor array and a fire alerting system associated with the temperature sensor. The fire alerting system may be configured to receive information from the temperature sensor and generate a warning signal based on an undesirably high temperature associated with the area. The fire detection system may include a fire control panel configured to receive the warning signal. The system may also include a fire suppression system including a fire suppressant delivery system configured to provide at least one fire suppressant agent to the area associated with the undesirably high temperature.

Application File Date: 2005-08-30

Application Granted Date: 2010-10-12

Current Assignee: Federal Express Corp

Patent Number: US8678101B2

Fire suppression system with pressure regulation

Abstract

A fire suppression system includes a container for supplying a fire suppression agent into a compartment to be protected. The container communicates with a flow line leading to the compartment. A control controls the fire suppression system, and a valve on the flow line delivers a variable pressure to the flow line from the container. Further, a system is disclosed and claimed wherein a single gas supply communicates through a manifold to each of a plurality of compartments. In addition, a system is disclosed and claimed wherein a primary gas supply container switches to secondary gas supply containers once a pressure within the primary gas supply container drops below a predetermined amount.

Application File Date: 2010-03-11

Application Granted Date: 2014-03-25

Current Assignee: Kidde Technologies Inc

Key Market Segments

By Type

  
Fire Detection
  
Fire Suppression

By Application

  
Commercial
  
Industrial
  
Government
  
Educational
  
Residential


Key Market Players included in the report:


  
AFEX Fire Suppression Systems
  
API Group
  
Carrier Global Corp.
  
Emerson Electric Co.
  
Globe Fire Sprinkler Corp.
  
Halma Plc
  
Honeywell International Inc.
  
Johnson Controls International Plc
  
McWane Inc.
  
Siemens AG


Below are the key development related to Fire Detection And Suppression Systems Market in 2020 and 2021.


June 2021: Summit Companies Continues National Expansion with Ten Recently Completed Strategic Add-on Acquisitions. Summit Companies, Through Its Subsidiaries, Has Completed 51 Add-on Acquisitions Under the Ownership of CI Capital Partners. SFP Holding, Inc. (Summit Companies), a leading fire and life safety service and installation company, announced that the companys subsidiaries, Summit Fire & Security and Summit Fire Protection, recently completed ten strategic acquisitions. Summit Companies provides inspection, testing and monitoring, service and repair, installation, and consulting services for fire protection, life safety and security systems. It services customers in commercial, industrial, government, healthcare and multi-family residential facilities. Source

May 2021: AE Industrial Partners acquires Cross-Fire & Security Co. Cross-Fire will serve as the entry point into the fire protection market for private equity firm. AE Industrial Partners, LP ("AEI"), a private equity firm specializing in Aerospace, Defense & Government Services, Space, Power Generation, and Specialty Industrial markets, announced that it has acquired Cross-Fire & Security Co., Inc. (“Cross-Fire” or the “Company”), a full-service fire and life safety company specializing in the design, engineering, installation, maintenance, monitoring and servicing of state-of-the-art life safety systems. Cross-Fire will serve as the entry point for a new fire and life safety services platform for AEI, as the firm looks to make significant investments in this critically important industry. Source

November 2020: CertaSite acquires Starfire Systems and Starfire Extinguisher Company. CertaSite has acquired Starfire Systems and Starfire Extinguisher, a family-owned business in Franklin, Wisconsin. The acquisition is CertaSite’s first in Wisconsin. CertaSite is a new commercial fire protection and life safety company that provides the highest levels of customer service, responsiveness, building safety and code compliance to customers across the country. The company goes beyond compliance, focusing on partnerships and professionalism while providing customers a simplified and dependable solution to managing all of the fire protection and life safety systems in commercial buildings. Source