Automatic Fire Suppression System Market Analysis and Growth Forecast by Regions and Applications to 2023
30th January 2020 – Global Automatic Fire Suppression System Market is expected to grow at a significant CAGR in
the upcoming period as the scope and its applications are rising enormously
across the globe. Automatic fire suppression systems extinguish and control
fires without human intervention.
The factors that are playing a major role in the growth of automatic
fire suppression system market are the expansion of industries across the
globe, the rising awareness among industries regarding fire protection and
minimizing human loss, and the increasing awareness among consumers regarding
fire safety coupled with mandatory building safety codes. However, the high
investment and lack of awareness among underdeveloped countries may restrain
the overall market growth in the years to come. The market is segmented based
on type, product type, end-user, and region.
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Pre-engineered and
engineered automatic fire suppression systems are the types that could be
explored in automatic fire suppression systems in the forecast period.
Condensed aerosol fire suppression, fire sprinkler system, gaseous fire
suppression, and other product types could be explored in automatic fire
suppression systems market in the forecast period.
The market may be
categorized based on end-users like automotive, oil and gas, manufacturing
industries, mining, and others could be explored in the forecast period.
Manufacturing industries sector accounted for the significant share of the
market and is estimated to lead the overall market in the years to come. The
reason could be the high demand from industries like cement, automotive, and
steel to control loss and damage of equipment. Also, the oil and gas sector is
estimated to grow at the fastest pace in the years to come.
Leading
players of Automatic Fire Suppression System including:
• United Technologies
Corporation (UTC)
• Fike
• Janus
• Minimax
• Ansul
• FireTrace
• Siemens
• Sevo
• TOMCO2 Systems
• Amerex Group
• Solberg
• BlazeCut
• Key Component
Manufacturers
• Honeywell
• Potter
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On the basis on the end users/applications, this report
focuses on the status and outlook for major applications/end users, consumption
(sales), market share and growth rate of Automatic Fire Suppression Systems for
each application, including
• CO2 Fire Suppression Systems
• Water Fire Suppression Systems
• Clean Agent (Gaseous) Fire Suppression Systems
• Aqueous (Foam) Fire Suppression Systems
• Others
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