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Fire Protection Systems (FPS) Market Verticals (Oil, Gas and Mining & Manufacturing) Worth $79.18 Billion by 2020 - New Report by MarketsandMarkets

[169 pages report] Fire Protection Systems Market report categories on Fire Alarm Sensor, RFID, Control Panel, Interface, Modeling and Simulation Software, Public Alerts and Warning, Emergency Lighting, Secure Communication, Managed Service & by Geography.

 

Dallas, TX -- (SBWIRE) -- 01/22/2015 -- Emerging passive fire protection technologies have been foreshowing the growth of Fire Protection Systems Market with the higher safety regulations being implemented by the government in the different regions across the globe especially in the European countries followed by the growth in the Asia-pacific countries. The active FPS is already being implemented rigorously in all the sectors including manufacturing, oil, gas and mining and others majorly supported by the fire detectors, sprinklers and extinguishers. The fire analysis products of FPS are growing highly with the higher usage and benefits from the fire mapping and simulation software for analyzing the fire protection systems being used in various verticals.

Browse 70 market data Tables and 44 Figures spread through 190 Pages and in-depth TOC on "Fire Protection Systems Market - Analysis and Forecast to 2013 - 2020".

The total market is expected to reach $79.18 Billion by 2020, at a CAGR of 11.53 %.

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The global Fire Protection Systems Market is certainly a fragmented one with local players being dominating the market, for FPS process has found use in these major fields - consumer goods and retail, energy and power; government; healthcare; manufacturing; oil; gas and mining; transportation and logistics; and others. The manufacturing field offers a huge potential for Fire Protection Systems Market to grow, especially due to advanced & suitable features offered by FPS technologies in different manufacturing facilities. Oil, Gas and Mining is the primary field responsible for commercial birth of fire protection systems in a large scale, while consumer goods and retail field is still an emerging market offering lots of space for FPS technologies to penetrate.

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The report segments the Fire protection systems (FPS) market on the basis of types of different technologies, products, services, verticals, and geographies. Further, it contains revenue forecasting, and analyses trends in the market. The geographical analysis contains the in-depth classification for North America, Europe, and APAC which contains the major countries covering the market.

The fire protection systems (FPS) market revenue market is expected to grow from $33.58 Billion in 2013 to $79.18 Billion in 2020 at a CAGR of 11.53%. The global Fire Protection Systems Market exhibits a lucrative growth potential for the next six years. The growth of the market is propelled by the government mandates and political support, increased fire protection expenditure from the enterprise segment, and technological innovations in equipment and networking. The lack of integrity in system interfaces and higher initial investments for the fire protection systems' installation are restraining the growth of fire protection systems globally.

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Innovations in the wireless sensor networks, increasing rules and mandatory standards, and improved HMI solutions are the huge opportunities for the higher growth of the FPS market. Advanced solutions for fire protection by government is the challenge that is to be faced for the FPS in the market.

Some of 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.).

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