North America Fire Protection Systems Market Report and Forecast 2024-2032

North America Fire Protection Systems Market Report and Forecast 2024-2032

North America Fire Protection Systems Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the North America fire protection systems market attained a value of nearly USD 23.12 billion in 2023. The market is estimated to grow at a CAGR of 3.3% in the forecast period of 2024-2032. Aided by the implementation of stringent safety standards, the market reached a value of around USD 30.96 billion by 2032.

A fire protection system (FPS) encompasses a comprehensive suite of solutions designed to detect, contain, control, and extinguish fires, safeguarding human life, property, and assets from the devastating impacts of fire incidents. These systems are integral components of building safety and emergency preparedness strategies, tailored to meet the specific needs of various types of structures, including residential, commercial, industrial, and public facilities.

The integration of Internet of things (IoT) technology, artificial intelligence (AI), and machine learning (ML) in fire detection and suppression systems has significantly improved the efficiency and responsiveness of these solutions, aiding the North America fire protection systems market growth. Smart fire protection systems can now predict potential fire outbreaks, automate emergency responses, and provide real-time data analysis, thereby reducing the risk of fire incidents.

Governments across North America have implemented stringent fire safety regulations and building codes to minimise fire hazards. These regulations mandate the installation of fire protection systems in both new constructions and existing buildings, driving the North America fire protection systems market expansion.

There has been a noticeable shift in the mindset of businesses and individuals towards fire safety, partly due to increased awareness campaigns and education on fire prevention measures. This change has led to a higher adoption rate of fire protection systems in residential, commercial, and industrial sectors.

The economic growth in North America has spurred a construction boom, with an increase in the development of commercial buildings, industrial facilities, and residential complexes. This growth has directly impacted the North America fire protection systems market development, as these new constructions require comprehensive fire safety solutions.

Market Segmentation

The market can be divided based on type, product, service, application, and country.

Market Breakup by Type

• Active Fire Protection Systems
• Passive Fire Protection Systems

Market Breakup by Product

• Fire Detection
• Fire Suppression
• Fire Response
• Fire Analysis
• Fire Sprinkler System

Market Breakup by Service

• Managed Service
• Installation and Design Service
• Maintenance Service
• Others

Market Breakup by Application

• Commercial
• Industrial
• Residential

Market Breakup by Country

• United States of America
• Canada

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America fire protection systems market. Some of the major players explored in the report by Expert Market Research are as follows:

• Honeywell International Inc.
• Johnson Controls International plc
• RTX Corporation
• Siemens AG
• Eaton Corporation plc
• Robert Bosch GmbH
• Halma plc
• HOCHIKI Corporation
• Gentex Corporation
• Amerex Corporation
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.