DUBLIN, May 11, 2022--(BUSINESS WIRE)--The "Fire Suppression Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global market for Fire Suppression Systems estimated at US$19 Billion in the year 2020, is projected to reach a revised size of US$26.6 Billion by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027.
Dry Chemical-Based, one of the segments analyzed in the report, is projected to grow at a 5.6% CAGR to reach US$10.8 Billion by the end of the analysis period.
After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Water-Based segment is readjusted to a revised 4.6% CAGR for the next 7-year period. This segment currently accounts for a 28.7% share of the global Fire Suppression Systems market.
The U.S. Accounts for Over 29.7% of Global Market Size in 2020, While China is Forecast to Grow at a 6.7% CAGR for the Period of 2020-2027
The Fire Suppression Systems market in the U.S. is estimated at US$5.6 Billion in the year 2020. The country currently accounts for a 29.69% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.8 Billion in the year 2027 trailing a CAGR of 6.7% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR while Rest of European market (as defined in the study) will reach US$3.8 Billion by the year 2027.
Other Product Types Segment Corners a 32.6% Share in 2020
In the global Other Product Types segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.9 Billion in the year 2020 will reach a projected size of US$6.5 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3 Billion by the year 2027, while Latin America will expand at a 4.9% CAGR through the analysis period.
Fire Safety Equipment Gain Traction as Safety and Security become Top Priorities Among Property Owners
Rising Investments in Real Estate Projects Extend New Opportunities
Implementation of Stringent Regulations and Policies Boost Growth
Innovations Drive Momentum in Fire Suppression Market
Smart Systems Evolve to Rejuvenate Growth
Innovative Fire Safety Applications in Pipes
High-Rise, Modular Buildings Drive Space-Saving Innovations in Fire Suppression Market
IoT Gains Prominence in Fire Suppression Technologies
Automatic Fire Extinguishing Systems Best for Heavy Machinery Protection
Fire Suppression Systems Remain Crucial to Prevent Major Service Interruptions in Modern Data Center Operations
Expanding Role of Fire Protection Engineering in Building Architecture Generates Opportunities
Water Based Systems: A Prominent Market Segment
Wet Pipe Systems Continue to Widen Audience Base
Dry Pipe Systems Ideal for Structures Characterized by Sub-Zero Temperatures
Design, Functional & Cost Limitations Hamper Adoption of Dry Pipe Systems
Pre-Action Systems Gain Traction in Water-Leakage Sensitive Environments
Deluge Sprinkler Systems for High-Hazard Sites
Water Mist Systems Burn Bright in Fire Safety Technology Industry
New Watermist Technologies Improve Fire Safety
Gaseous Fire Suppression for Cleaner and Effective Suppression of Fire
Select Gaseous Fire Suppression Agents by Mechanism Type: A Snapshot
F-Gas Regulation Curtail HFC-based Gaseous Systems
CO2 Systems for Fast, Highly Adaptive, Non-Damaging & Eco-Friendly Fire Suppression
PFAS Free Foams to Increasingly Replace PFAS Based Foams in Fire Suppression Systems for Industrial Facilities
Specialty Systems Aim to Expand Market Share
Clean Agents Make Rapid Progress
Emerging IoT Technologies Enhance Fire Safety in Smart Cities
Growing Popularity of Smart Buildings Bodes Well for Modernization of Fire Safety Systems
High Thrust on Building Automation Augments Market Prospects
Technologies Used in Building Automation Systems (BAS) by Application Area: A Snapshot
Growing Adoption of Smart Homes Drive Installation of Smart Fire suppression Systems
Hospitals Integrate Fire Suppression in Building Security Mix
Healthcare Facility Requirements Drive Demand for Advanced Systems
Fire Suppression Systems Experience Increasing Demand in Commercial Kitchens
Fire Suppression Systems Assume Critical Importance in Industrial Manufacturing Sites
Warehouses & Logistics Sites Prioritize Fire Suppression to Avoid Inventory Losses
Flammable Nature of Hydrocarbons Necessitates Fire Suppression in Oil & Gas Facilities
Museums, Historic Buildings & Heritage Sites Extend Potential Opportunities
Potential Opportunities in the Transportation Sector
Major Fire Safety Risks at Ports and Docks
Fire Suppression Systems Seek Role in the Airport Security Mix
Education Sector: A Lucrative End-Use Sector
Urbanization Remains a Fundamental Growth Driver
Chubb Fire & Security Ltd.
Eusebi Impianti s.r.l
Minimax GmbH & Co. KG
For more information about this report visit https://www.researchandmarkets.com/r/mh1je3
View source version on businesswire.com: https://www.businesswire.com/news/home/20220511005713/en/
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
(Bloomberg) -- Bill Gates has a short position against Tesla Inc. that would now need between $1.5 billion and $2 billion to close out, Elon Musk said Friday in a series of tweets.Most Read from BloombergElon Musk Says Bill Gates Has ‘Multi-Billion Dollar’ Tesla Short PositionRussian Wins in Eastern Ukraine Spark Debate Over Course of WarFord Beats Tesla to the Punch With First Electric F-150 DeliveryBitcoin Breaks From Stocks and Keeps On Falling as Crypto SlidesThe Richest Game in World Footba
Fight back against inflation. This is how Dalio does it.
Stop investing in mediocre businesses. Buy the best, instead.
Real estate mogul Barbara Corcoran didn't mince words when asked about Tesla (TSLA) CEO Elon Musk's recent behavior.
The stock market pulled back from the brink of a bear market as rate-hike expectations eased, at least for now. Here's what it will take to signal a bottom.
Giving too much money to these giants? Then start collecting rent from them.
When looking for the best artificial intelligence stocks to buy, identify companies using AI technology to improve products or gain a strategic edge, such as Google, Microsoft and Nvidia.
The stock market ended its multiweek losing streak, and like a sports team that finally got a win, it’s worth celebrating. It just doesn’t mean the team—or this stock market—is any good. “Stocks finally enjoyed a strong bounce this week,” writes Canaccord Genuity analyst Martin Roberge.
The top-ranked companies on dividend payout ratios outperformed those stocks with less robust buyback activity—10.9% versus 9.3% on an annual basis over the 20-year period that concluded at the end of 2019.
Risk and reward are the yin and yang of stock trading, the two opposite but essential ingredients in every market success. And there are no stocks that better embody both sides – the risk factors and the reward potentials – than penny stocks. These equities, priced below $5 per share, typically offer high upside potentials. Even a small gain in share price – just a few cents – quickly translates into a high yield return. Of course, the risk is real, too; not every penny stock is going to show th
The stock market selloff has made many stocks look cheap—but smart investors need to be selective. Here are six high-quality companies that trade at reasonable valuations.
Qualcomm CEO Cristiano Amon weighs in on the outlook for the semiconductor industry and his company's future.
Despite all the attention that renewable energy companies get, having operations in the renewable energy space alone does not make a stock a buy. In fact, several renewable energy companies are struggling just to stay profitable. Let's discuss two renewable energy stocks that look attractive right now, and one that's best avoided.
The S&P 500 is right on the cusp of entering a bear market, defined as a 20% decline from the recent peak. While bear markets can be brutal, they often provide the opportunity to buy high-quality companies at much more attractive valuations. With an eye toward opportunity, we asked some of our contributors what stocks are on their bear market watch list.
In this article, we will discuss some of the notable stocks analysts are upgrading today. To take a look at some more stocks that are being upgraded, go to Analysts Are Upgrading These 5 Stocks on Friday. The US market closed in the green for the first time in the last seven weeks as positive […]
In this article, we discuss the top 10 value stocks hedge funds are buying in 2022. If you want to see more of the value stocks that elite investors are favoring, click Top 5 Value Stocks Hedge Funds are Buying in 2022. As the Federal Reserve signals further monetary tightening, hedge funds and retail investors […]
Shares of Farfetch Limited (NYSE: FTCH), a luxury fashion e-commerce platform, spiked today after the company reported a better-than-expected loss in the first quarter. Farfetch reported an adjusted loss per share of $0.24 in the first quarter, which was down from a loss of $0.22 per share in the year-ago quarter but ahead of analysts' average estimate of a loss of $0.28 per share. "Our core business remains very strong, in spite of the macro events in China and ceasing operations in Russia, which impacted our performance and outlook," José Neves, Farfetch's founder and CEO, said in a press release.
If there was an investing version of Paul Revere today, he might ride around proclaiming, "The stock splits are coming!" Several big companies are poised to conduct stock splits soon. Amazon (NASDAQ: AMZN) shareholders recently voted in favor of a 20-for-1 stock split scheduled for June 3, 2022. Tesla (NASDAQ: TSLA) has announced its intention to conduct a stock split this year.
Wood's flagship Ark Innovation ETF has fallen 52% this year as technology companies have tumbled.
Many Americans are surprised to see they have not prepared as well as they had hoped for retirement when they finally get ready to call it quits. The bad news is, you’ll probably have to make some realistic assumptions of what your retirement will look like. If you’ve lived primarily paycheck to paycheck in your working years, that may continue to feel the case in your retirement.