Brand Story
02 Jun 2023, 01:29 GMT+10
Fact.MR predicts the sales of the fire protection systems to exceed US$ 138 Bn by registering a positive CAGR of 6.3% in the forecast period 2022-2032. Increasing urbanization and changing designs of commercial infrastructure have given a rise to fire instances. Thus, to avoid the same, demand for fire protection systems has increased.
Historically, from 2015 to 2021, the global sales of fire protection systems surged at a CAGR of 6%, surpassing US$ 70 Bn by the end of the aforementioned period. The onset of the COVID-19 pandemic affected the supply and demand chain across the globe. As most of the commercial sectors were shut, the demand for fire protection systems dipped in the initial quarter of the pandemic. As most commercial sectors are fully functioning, the sales of fire protection systems are expected to upsurge.
Furthermore, governments across the globe have made it mandatory to install fire protection systems to safeguard human life and property. Owing to this, commercial sectors have installed the same on a large scale. In addition, instances of forests catching fires has increased over the past few years. Thus, government authorities are installing detection systems that help to alarm early in case of danger.
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The key players covered in the Fire Protection Systems Market research report are:
This report covers the following Fire Protection Systems Market insights and assessments: This is beneficial to all participants involved in the Fire Protection Systems market.
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Insights for each vendor consist of:
What insights does the Fire Protection Systems Market report provide to readers?
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The Questions Answered in the Fire Protection Systems Market Report are:
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