Market Research Insights

  San Francisco, 28 Sep 2023:  The Report  Fire Protection System Market  Size, Share & Trends Analysis Report By Product (Detection, Suppression, Response, Analysis, Sprinkler System), By Service (Managed Service, Maintenance Service), By Application, And Segment Forecasts, 2023 - 2030 The global fire protection system market size is expected to reach USD 130.37 billion by 2030, expanding at a CAGR of 6.6% from 2023 to 2030, according to a new study by Grand View Research Inc.Modern fire alarm and detection systems are expected to see increased demand due to the ongoing development of new buildings around the world, including both residential and non-residential constructions. Modern technologies like artificial intelligence, the Internet of Things, and smart sensors being incorporated are also anticipated to drive the market. In addition, as mandatory fire safety regulations are implemented in sectors including oil & gas, manufactur...

  San Francisco, 10 May 2022:   The Report  Fire Protection System Market  Size, Share & Trends Analysis Report By Product (Fire Detection, Fire Suppression, Fire Response, Fire Analysis, Fire Sprinkler  System), By Service, By Application, By Region, And Segment Forecasts, 2022 - 2030 The global fire protection system market size is expected to reach USD 130.37 billion by 2030, according to a study conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 6.7% from 2022 to 2030. Increasing adoption of wireless technology in fire protection systems, growing human and property loss owing to fire breakouts, and stringent fire safety regulations are projected to fuel the market growth. 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 d...

  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 comme...