According to a new report, published by KBV research, The Global Fire Protection System Market size is expected to reach $122.7 billion by 2030, rising at a market growth of 6.5% CAGR during the forecast period.
The Product segment is leading the Global Fire Protection System Market by Offering in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $92.4 billion by 2030. Most of the residential & commercial buildings are now installing fire protection systems in order to ensure safety from fire accidents. The market in this segment is estimated to witness growth as a result of the rising awareness amongst the general public regarding fire safety.
The Industrial segment has shown the growth rate of 6.7% during (2023 - 2030). The industrial application includes important industries like mining, oil and gas, energy and electricity, and manufacturing. The demand for fire accident protection for automated systems is anticipated to drive the segment's expansion. Additionally, building complete proof protection and preventive measures in the industries as well as strict governmental regulations, are priorities in the fire-prone industry. This is anticipated to boost the industrial segment even more.
The North America market dominated the Global Fire Protection System Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $42.1 billion by 2030. The Europe market is exhibiting a CAGR of 6.1% during (2023 - 2030). Additionally, The Asia Pacific market would showcase a CAGR of 7.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/fire-protection-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Eaton Corporation PLC, Siemens AG, Johnson Controls International PLC, Robert Bosch GmbH, Iteris, Inc., Honeywell International, Inc., Gentex Corporation, Raytheon Technologies Corporation, Halma PLC and Hitachi, Ltd. (Hitachi Energy Ltd.).
By Offering
By Application
By Geography
Companies Profiled
Unique Offerings 
