TMR Analyzes Impact of Outbreak of COVID-19 on Fire Suppression Systems Market

Global Fire Suppression Systems Market: Overview

Fire suppression systems are used to prevent or extinguish fires in buildings. General fire suppression agents or media are water, foam, carbon dioxide, steam, inert gases, and dry chemical powders. Fire suppression systems consist of fire detection alarm systems and extinguishing systems. Alarm systems and extinguishing systems are fixed installations. Fire detection alarm systems consist of heat detectors, temperature detectors, optical detectors, and flame detectors. Installation of fire suppression systems is made mandatory for buildings in many countries.

The global fire suppression systems market can be segmented based on product type, end-use, and region. In terms of product type, the fire suppression systems market can be classified into sprinkler, extinguisher hydrants, and others. Fire sprinkler has a heat sensing device; one end of the device is pointed toward the floor or the area most susceptible to fire, while the other end is connected to a series of network of pipes storing water. Water stored in pipes is usually kept at high pressure. When a fire breaks, the bulb inside the sprinkler burst and water flows through the sprinkler with high pressure directly on to the affected area. Fire sprinkler systems are designed to be automated; human intervention is not required.

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Fire extinguishers are used to extinguish small fires. Fire extinguisher is a hand-held device that is operated manually. Two types of fire extinguishers are available in the market: cartridge operated and stored pressure. Cartridge type fire extinguishers contain expellant in a separate cartridge. Cartridge type of extinguishers are primarily used for industrial applications. In stored pressure fire extinguishers, the expellant is stored in the same chamber of the extinguisher. Stored pressure is the commonly used fire extinguisher in residential, commercial, and industrial applications. Fire hydrants are firefighting systems fixed around buildings. Water is stored in a well, and fire hydrant systems are connected to the well with pipes and valves. Fire hydrant systems are also operated manually. The sprinkler segment holds major share of the fire suppression systems market.

In terms of end-use, the fire suppression systems market can be segregated into residential, commercial, and industrial. The residential segment offers lucrative opportunities to the fire suppression systems market.

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In terms of region, the fire suppression systems market can be split into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America held the major share of the fire suppression systems market owing to the implementation of government regulations regarding the safety of the public. The market in Asia Pacific is projected to expand at a fast-paced CAGR during the forecast period owing to the growth in the building & construction industry in the region. China accounts for significant share of the fire suppression systems market in Asia Pacific. It is followed by India. This trend is likely to continue throughout the forecast period.

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Global Fire Suppression Systems Market: Key Players

Key players operating in the global fire suppression systems market are Minimax, Cosco Fire Protection, Tyco Fire Protection Products, Amerex Corporation, Master Fire Preventions Ltd, National Fire Equipment Ltd, and Buckeye Fire Equipment.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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