Fire Suppression Market Size, Share, Trends, Analysis and Forecasts To 2021
Market Research analysts forecast the global fire suppression market to grow at a CAGR of 10.16 % during the period 2017-2021.
According to the report, the implementation of stringent fire safety regulations across developed regions like North America and Western Europe will contribute to market growth. Awareness initiatives by the federal governments across different regions will encourage fire prevention measures.
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Further, the report states that fire suppression products necessitate continuous training and awareness programs, which poses a challenge for various industries. On a global level, about 90 % of all fire-related incidents can be controlled if the correct fire suppression system is deployed in the process. Fire suppression products require training on their use in various classes of fires. Depending on the source of the fire, a particular type of extinguishers must be used. Therefore, it is important to know the different types of fire to deploy fire suppression products adequately.
About Fire Suppression
The global fire suppression market is witnessing a positive growth due to the increase in demand from residential and non-residential end-users. Fire suppression products can be segmented into fire extinguishers and fire sprinklers. The market is witnessing demand due to several factors like stringent safety regulations that are deployed by governments across regions such as EMEA, APAC, and the Americas. There are several factors concerning fire disasters witnessed throughout countries, which drive the implementation of certain fire safety measures.
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Covered in this report
The report covers the present scenario and the growth prospects of the global fire suppression market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of fire suppression products.
The market is divided into the following segments based on geography: