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Fire Protection Systems Market Share

Report ID: GMI4951
Published Date: Jul 2024
Report Format: PDF

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Fire Protection Systems Market Share

Honeywell International Inc. and Johnson Controls International plc. hold a significant share in the fire protection systems industry. Honeywell is renowned for its diverse portfolio of fire detection, suppression, and prevention technologies, catering to both commercial and industrial sectors worldwide. Its offerings include advanced fire alarm systems, smoke detectors, and integrated solutions that leverage IoT and AI for enhanced safety and operational efficiency. Johnson Controls specializes in comprehensive fire protection solutions encompassing fire sprinklers, alarms, and suppression systems. Its expertise extends to building management systems that integrate fire safety measures with HVAC and security systems, offering holistic solutions to mitigate fire risks effectively.

Fire Protection Systems Market Companies

Major players operating in the fire protection systems industry are:

Bosch Security Systems
Hochiki Corporation
Honeywell International Inc.
Johnson Controls International plc
Siemens AG
Tyco Fire Products LP
United Technologies Corporation (UTC)

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The market size of fire protection systems was reached USD 56.56 billion in 2023 and is anticipated to grow at over 5% CAGR between 2024 and 2032, fueled by stringent building safety regulations worldwide.

The hardware segment of fire protection systems market is expected to reach over USD 55 billion by 2032, owing to technological advancements.

North America fire protection systems market held over 40% share in 2023 and will grow rapidly through 2032, owing to stringent regulatory frameworks.

Bosch Security System, Hochiki Corporation, Honeywell International Inc, Johnson Controls International plc, Siemens AG, Tyco Fire Products LP, and United Technologies Corporation (UTC) among others.