Fire Protection System Market Is Likely To Up Demand At A USD 114.9 Billion By 2028
San Francisco, 7 Sep 2021: The Report Fire Protection System Market Size, Share & Trends Analysis Report By Product (Fire Detection, Fire Analysis), By Service (Installation & Design, Managed), By Application (Commercial, Industrial), By Region, And Segment Forecasts, 2021 - 2028 The global fire protection system market is expected to reach USD 114.9 billion by 2028, registering a CAGR of 6.8% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing adoption of wireless technology in the fire protection system, growing human and property loss owing to fire breakouts, and stringent fire safety regulations are projected to fuel the market. Increasing implementation of building safety codes and renovation projects is also anticipated to be a major factor influencing the market growth. The application and usage of fire protection systems are anticipated to increase continuously with the developments of commercial entities and corporatio