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North America Fire Protection Systems Market Report and Forecast 2024-2032
Market Report I 2024-05-01 I 183 Pages I EMR Inc.
North America Fire Protection Systems Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the North America fire protection systems market attained a value of nearly USD 23.12 billion in 2023. The market is estimated to grow at a CAGR of 3.3% in the forecast period of 2024-2032. Aided by the implementation of stringent safety standards, the market reached a value of around USD 30.96 billion by 2032.
A fire protection system (FPS) encompasses a comprehensive suite of solutions designed to detect, contain, control, and extinguish fires, safeguarding human life, property, and assets from the devastating impacts of fire incidents. These systems are integral components of building safety and emergency preparedness strategies, tailored to meet the specific needs of various types of structures, including residential, commercial, industrial, and public facilities.
The integration of Internet of things (IoT) technology, artificial intelligence (AI), and machine learning (ML) in fire detection and suppression systems has significantly improved the efficiency and responsiveness of these solutions, aiding the North America fire protection systems market growth. Smart fire protection systems can now predict potential fire outbreaks, automate emergency responses, and provide real-time data analysis, thereby reducing the risk of fire incidents.
Governments across North America have implemented stringent fire safety regulations and building codes to minimise fire hazards. These regulations mandate the installation of fire protection systems in both new constructions and existing buildings, driving the North America fire protection systems market expansion.
There has been a noticeable shift in the mindset of businesses and individuals towards fire safety, partly due to increased awareness campaigns and education on fire prevention measures. This change has led to a higher adoption rate of fire protection systems in residential, commercial, and industrial sectors.
The economic growth in North America has spurred a construction boom, with an increase in the development of commercial buildings, industrial facilities, and residential complexes. This growth has directly impacted the North America fire protection systems market development, as these new constructions require comprehensive fire safety solutions.
Market Segmentation
The market can be divided based on type, product, service, application, and country.
Market Breakup by Type
- Active Fire Protection Systems
- Passive Fire Protection Systems
Market Breakup by Product
- Fire Detection
- Fire Suppression
- Fire Response
- Fire Analysis
- Fire Sprinkler System
Market Breakup by Service
- Managed Service
- Installation and Design Service
- Maintenance Service
- Others
Market Breakup by Application
- Commercial
- Industrial
- Residential
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America fire protection systems market. Some of the major players explored in the report by Expert Market Research are as follows:
- Honeywell International Inc.
- Johnson Controls International plc
- RTX Corporation
- Siemens AG
- Eaton Corporation plc
- Robert Bosch GmbH
- Halma plc
- HOCHIKI Corporation
- Gentex Corporation
- Amerex Corporation
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Fire Protection Systems Market Overview
8.1 Key Industry Highlights
8.2 Global Fire Protection Systems Historical Market (2018-2023)
8.3 Global Fire Protection Systems Market Forecast (2024-2032)
8.4 Global Fire Protection Systems Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Fire Protection Systems Market Overview
9.1 Key Industry Highlights
9.2 North America Fire Protection Systems Historical Market (2018-2023)
9.3 North America Fire Protection Systems Market Forecast (2024-2032)
10 North America Fire Protection Systems Market by Type
10.1 Active Fire Protection Systems
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Passive Fire Protection Systems
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 North America Fire Protection Systems Market by Product
11.1 Fire Detection
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Fire Suppression
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Fire Response
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Fire Analysis
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Fire Sprinkler System
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
12 North America Fire Protection Systems Market by Service
12.1 Managed Service
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Installation and Design Service
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Maintenance Service
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 North America Fire Protection Systems Market by Application
13.1 Commercial
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Industrial
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Residential
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
14 North America Fire Protection Systems Market by Country
14.1 United States of America
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Canada
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter's Five Forces Analysis
15.2.1 Supplier's Power
15.2.2 Buyer's Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Trade Data Analysis (HS Code - 842410, 853110)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Honeywell International Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Johnson Controls International plc
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 RTX Corporation
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Siemens AG
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Eaton Corporation plc
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Robert Bosch GmbH
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Halma plc
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 HOCHIKI Corporation
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Gentex Corporation
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Amerex Corporation
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fire Protection Systems Market: Key Industry Highlights, 2018 and 2032
2. North America Fire Protection Systems Market: Key Industry Highlights, 2018 and 2032
3. North America Fire Protection Systems Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Fire Protection Systems Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Fire Protection Systems Historical Market: Breakup by Product (USD Billion), 2018-2023
6. North America Fire Protection Systems Market Forecast: Breakup by Product (USD Billion), 2024-2032
7. North America Fire Protection Systems Historical Market: Breakup by Service (USD Billion), 2018-2023
8. North America Fire Protection Systems Market Forecast: Breakup by Service (USD Billion), 2024-2032
9. North America Fire Protection Systems Historical Market: Breakup by Application (USD Billion), 2018-2023
10. North America Fire Protection Systems Market Forecast: Breakup by Application (USD Billion), 2024-2032
11. North America Fire Protection Systems Historical Market: Breakup by Country (USD Billion), 2018-2023
12. North America Fire Protection Systems Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. Major Importing Countries by Volume
14. Major Exporting Countries by Volume
15. Major Importing Countries by Value
16. Major Exporting Countries by Value
17. North America Fire Protection Systems Market Structure
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