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Unattended breakout of fire damages assets and endanger human lives. At industries or manufacturing plants, damaged machinery/assets are expensive to repair or replace. Most of the times due to fire hazards, businesses cannot continue with the operations, and the business downtime causes financial and goodwill loss. Automatic fire suppression system (AFSS) is used in industries to control and extinguish the fire without human interference. Automatic fire suppression system is largely used in industries to protect life, assets, climate & environment and to ensure business continuity.
Global Automatic Fire Suppression System Market: Drivers and Challenges
The demand for automatic fire suppression is growing with the expansion of various industries globally, especially in the Asia Pacific, Western Europe and North America. The automatic fire suppression system is already being implemented in various industries such as manufacturing, mining, automotive, oil & gas. Implementation of stringent government regulations to create a safe environment by encouraging the installation of automatic fire suppression system market is fueling the growth for the global automatic fire suppression system market. Growing demand for safety features in vehicles in developing countries and above factors are propelling the growth for global automatic fire suppression system market.
Though, the demand for automatic fire suppression system is increasing in the developing countries, the system has low awareness in underdeveloped countries. The automatic fire suppression systems requires higher capital investment, this is inhibiting the growth of the Global Automatic Fire Suppression System market.
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Global Automatic Fire Suppression System Market: Overview
The Global Automatic Fire Suppression System market by value is expected to expand at a CAGR of around 7-9% during the forecast period (2015-2025), due to stringent government safety regulations, growing demand from various industries, etc.
Global Automatic Fire Suppression System Market: Region-wise Outlook
The global automatic fire suppression system market is expectedto register a single-digit CAGR for the forecast period. Depending on geographic regions, the global automatic fire suppression system market is segmentedinto seven key regions: North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa. In terms of market volume and revenue, Asia Pacific automatic fire suppression market is projectedto register a significant CAGR during the forecast period. Growing demand for the system from industries such as Mining and Oil & Gas, especially in the economies like India and China, is fueling the growth of the global automatic fire suppression system market in Asia Pacific. Western Europe is also forecast to register a significant growth in the global automatic fire suppression system market, due to stringent government regulations to increase the safety.
Global Automatic Fire Suppression System Market: Key Players
Some of the key market participants in global automatic fire suppression system market are Siemens AG, Tyco, Robert Bosch GmbH, Johnson Controls, Honeywell International Inc., Halma PLC, etc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments by geographies, by product type, by and by end-use industry.
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The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The global automatic fire suppression system market can be segmented by end-use industry, by product type and by regions
Based on end-use industry, the global automatic fire suppression system market is segmented as:
- Oil and Gas
Based on product type, the global automatic fire suppression system market is segmented as:
- Engineered Automatic Fire Suppression Systems
- Pre-engineered Automatic Fire Suppression Systems
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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