According to NFPA, a working detector would reduce the chances of fatal fire accidents by 50%. As fires spread, the detector initiates the alarm and warns residents, giving them enough time to get to safety. Fire detectors and control panels are especially used in homes for fire detection. Fire detectors and control panels (including smoke, heat, flame, and gas detectors) play an important part of fire safety. The market for fire detectors and control panels is expected to grow at the highest CAGR during the forecast period. Inquire for DISCOUNT on "Fire Suppression Market by Product (Fire Suppressors, Fire Detectors and Control Panels, Sprinklers, Nozzles, Caps, and Control Heads), Suppression Reagent, Sector (Residential, Commercial, Industrial), and Region - Global Forecast to 2023" research report at. Further, there are many government initiatives fostering the growth of the fire suppression market in Africa. For instance, the construction of coal-fired Amu Power plant in Kenya, coal-fired power plant in Ghana, gas-fired power station in Ressano Garcia, coal-fired independent power plant in South Africa, and peat-fired power plant in Southern Rwanda drives the installation of fire suppression systems. The African fire sprinkler market has the potential to grow due to the development of power plants.
The fire suppression market is projected to grow at the highest CAGR in RoW during the forecast period.
Other key players are Noha Norway, Sterling Safety Systems, FireProTec, Fire Suppression Limited, and Encore Fire Protection. Key innovators in the market are EMS Security Group, Electro Detectors, Napco Security Technologies, Fike, and Gentex. Key players operating in the fire suppression market include Johnson Controls, United Technologies, Robert Bosch, Siemens, Halma, Hochiki, Firefly, Minimax Viking, Honeywell, and S&S Fire Suppression Systems. adds Fire Suppression Market is estimated to be worth USD 22.97 billion in 2018 and is projected to reach USD 29.13 billion by 2023, at a CAGR of 4.87% between 20 driven by propelled by technological advancements and innovations in the construction industry increasing policies, regulations, and government mandates and increased damage to human life and property due to fire breakouts.īrowse 63 Market Data Tables and 46 Figures spread through 143 Pages and in-depth TOC on "Fire Suppression Market by Product (Fire Suppressors, Fire Detectors and Control Panels, Sprinklers, Nozzles, Caps, and Control Heads), Suppression Reagent, Sector (Residential, Commercial, Industrial), and Region - Global Forecast to 2023".
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