DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "North America Fire Protection Systems Market - Opportunities and Forecasts, 2014 - 2022" report to their offering.
Fire protection systems (or FPS), are equipment that mitigate the unwanted impact of potentially cataclysmic fires. Often referred as active fire protection, these systems help in the manual and automatic detection as well as suppression of fires. The most popular fire protection equipment includes the fire alarm, sprinkler system and others. Rapid growth in fire incidents has resulted in casualties and loss of property. Therefore, to curb such casualties and loss of assets from fire outbreaks, the demand for cutting edge protection systems has surged in recent years. This rising need for fire protection equipment is accompanied by the increasing adoption rate of technology advancements used for sensing, detecting, monitoring etc. during fire outbreaks.
The market research takes a closer look at the major market drivers, restraints and opportunities of the market. Several factors such as increasing spending capacity of the enterprises for fire protection, amendments in government policies and growing political pressure indicate the future of fire protection systems is bright. Enterprises in North America today focusing more and more on protecting infrastructure and lowering losses due to fire outbreaks. Systems including fire sensors as well as detectors are implemented to guarantee maximum fire protection within company premises. Increase in the SME and large enterprise count has further resulted in the expansion of the fire protection system industry.
In the study, the market is segmented in terms of industry vertical, geography, type, company and competitive landscape. In terms of industry vertical, the demand side analysis of sectors including BFSI, Banking, Retail, Government and others. By type the fire protection systems market is segmented into radio frequency identification (also popular as RFID), sensors and detectors etc. Besides this the market by components consists of fire mapping as well as analysis software, stimulation software and others. The market by geography consists of Western Region, Great Plains, Canadian Shield and more. The market by types is segmented into installation and design, engineering services, managed services and more.
Some of the major market players evaluated during the study includes Johnson Controls, VT MAK, United Technologies Corporation, Hochiki Corporation, Tyco, Honeywell International Inc., Siemens AG, Gentex Corporation Halma PLC and Robert Bosch GmbH.
For more information about this report visit http://www.researchandmarkets.com/research/36cfh3/north_america