The North America fire protection systems market was $11,959 million in 2015, and is expected to grow at a CAGR of 9.8% from 2016 to 2022 to reach $24,117 million by 2022. Fire protection involves precautions and measures that are taken to minimize the possibility of a fire that are expected to result in injury, death, or property damage. Fire protection systems are used to alert people about fire explosion present in a built environment, while reducing the damage caused. Fire safety measures include procedures and precautionary measures for fire resistance during the construction of a building or, which are implemented in the structures and taught to the occupants of the building.
The North America fire protection systems market report is segmented on the basis of product, services, industry vertical, and country. Based on product, it is classified into fire detection systems, fire management systems, fire response systems, fire analysis & software, and others. By services, it is bifurcated into consulting & design services and installation & maintenance services. Based on industry vertical, it is categorized into; banking, financial services and insurance (BFSI; automotive & transport; manufacturing; energy & power; healthcare; oil & gas and mining. The North American market is further analyzed across countries into U.S., Canada, and Mexico.
The U.S. market is expected to dominate the North America fire protection systems industry, owing to healthy economic growth, increase in internet connectivity, and high demand for automation.
The key players profiled in the study are Honeywell International Inc., Johnson Controls, Inc., Siemens AG, Orcus Fire & Risk, Inc., Halma PLC., Robert Bosch GmbH, United Technologies Corporation, Amerex Corporation, Gentex Corporation, and HOCHIKI Corporation.
KEY MARKET SEGMENTS
By Industry Vertical
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