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Global Fire Protection Systems Market Forecast to Grow at 11.53% CAGR During 2014-2020

ReportsnReports.com adds Fire Protection Systems Market by Technology Products Services, Verticals and Geography - Analysis and Forecast to 2013 - 2020 global research report to the business intelligence collection of its library.

The global fire protection systems market size (FPS) valued at $33,589.25 million in 2013 and it is projected to grow further at a CAGR of 11.53% in the forecasted period of 2014 to 2020. The fire protection systems are becoming an inevitable part of any construction. Due to the increasing risk of fire accidents in the buildings, the governments of many countries have altered their FPS rules and done installation of FPS a mandate. This has resulted in the upsurge of FPS demand globally. Complete Fire Protection Systems Market by Technology (Active & Passive), Products (Fire Detectors, Sprinklers, Extinguishers, Alarms), Services, Verticals (Oil, Gas and Mining, Manufacturing), and Geography - Analysis and Forecast to 2013 - 2020 is available at http://www.reportsnreports.com/reports/268999-fire-protection-systems-market-fire-alarm-sensor-rfid-control-panel-interface-modeling-and-simulation-software-public-alerts-and-warning-emergency-lighting-secure-communication-managed-service-worldwide-forecasts-analysis-2013-2018-.html .

The fire protection systems (FPS) play crucial role preventing the fire hazards. The increased risk of fire accidents is driving the demand for fire protection systems market globally. The fire protection systems market has experienced continuous advancement in fire protection technology. The FPS manufacturers are investing significant amounts on R&D, and are offering innovative and efficient fire protection products to the customers.

The major players in Fire Protection Systems Market include The major players in this market include Gentex Corporation (U.S.), Halma PLC (U.K.), Hochiki Corporation (Japan), Honeywell International Inc. (U.S.), Johnson Controls (U.S.), Robert Bosch GmbH (Germany), Siemens AG (Germany), Tyco (Switzerland), United Technologies Corporation (U.S.), VT MAK (U.S.).This research report provides an overview, market study and segmentation based on various technologies, products, services, verticals, and geography for fire protection systems market. Furthermore, the report gives detailed analysis on global trends and forecasts, and competitive landscape. Order a copy of this research at http://www.reportsnreports.com/purchase.aspx?name=268999 .

The well integration of fire protection products offers reliable fire protection against fire accidents. Nowadays, the FPS providers are offering automated fire protection systems, which offer quick fire detection, extinguishing, and preprogrammed responding that helps in minimizing the fire damage risk. Government mandates to install fire protection systems, increasing fire protection expenditure from enterprise segment, and technological innovations in equipment are driving the overall fire protection market.

The fire risk prone sectors such as manufacturing, energy & power, oil-gas-mining, and many others put emphasis on installation of full proof prevention and protection systems. Therefore it is estimated that in the coming years the FPS market will have very good prospect in the sectors such as consumer goods and retail buildings, healthcare, manufacturing, energy and power, and transportation and logistics, among others. Fire protection products turning out to be user friendly, the systems operations become auto-operated and interfaces have become simpler to handle, the system providers have good business prospect in the market. Inquire for discount on this research report @ http://www.reportsnreports.com/contacts/discount.aspx?name=268999 . (This is a premium research report priced at US$ 4650 for single user license).

The research report categorizes the FPS market based on the analyses of different technologies, products, services, verticals, and regions.

Based on Technology

The FPS market is segmented on the basis of fire prevention and protection technique. It includes active and passive fire protection.

Based on Products

The FPS market is segmented on the basis of products: fire detection, fire management, fire analysis, and fire response.

Based on Services

The overall market is segmented on the basis of services such as introduction engineering services, installation and design, service and maintenance, and managed services among others.

Based on Verticals

The FPS market is segmented on the basis of various application verticals such as academia and institutional, banking, financial services and insurance (BFSI), consumer goods and retail, energy and power, government, healthcare, manufacturing, oil, gas and mining, and transportation and logistics among others.

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