Key Segments
1
The global fire protection system market size is expected to grow from USD 67.7 billion in 2020 to USD 95.4 billion by 2025 , at a CAGR of 7.1 %.
2
The market growth is fueled by the growth in the construction industry , increasing human and property loss due to fire breakouts , stringent regulations , and rising adoption of wireless technology in fire detection .
3
“ Fire suppression segment to hold the largest size of the fire protection system market from 2020 to 2025 .”
5
4
“ Maintenance service to grow at the highest CAGR during the forecast period ”
“ The fire protection system market for oil , gas , and mining to grow at th e highest CAGR from 2020 to 2025 .”
“ APAC to be the fastest-growing fire protection system market during th e forecast period .”