GVR Report cover Fire Protection System Market Size, Share & Trends Report

Fire Protection System Market Size, Share & Trends Analysis Report By Product (Fire Detection, Fire Analysis), By Service (Installation & Design, Managed), By Application (Commercial, Industrial), By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Jul, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-4-68038-797-1
  • Format: Electronic (PDF)
  • Historical Data: 2018 - 2019
  • Number of Pages: 140

Report Overview

The global fire protection system market size was valued at USD 67.76 billion in 2020 and is expected to grow a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028. In 2020, the COVID-19 pandemic negatively impacted the global market Furthermore, owing to the rise in the number of COVID-19 cases due to the second wave of the outbreak, a partial lockdown in several countries was observed. This resulted in a further reduction in the production of new fire protection systems. The market was also adversely affected by the supply chain disruption across countries and regions. However, post the pandemic, the market is expected to witness growth. The growing urban population and the need to safeguard life and the environment from fire emergencies are expected to boost the product demand.

U.S. fire protection system market size, by product, 2018 - 2028 (USD Billion)

A fire protection system is one of the most crucial systems required to be installed in any building or establishment. A fire protection system is used to control, detect, and safeguard inhabitants in a building or an establishment from fire hazards. These systems help extinguish smoke or fire and alert the building occupants, reducing the loss of property and life. Fire protection systems include equipment, such as fire detectors, fire response systems, fire analysis software, fire suppression systems, and fire sprinkler systems. These systems are installed in various infrastructures, including industrial, residential, and commercial buildings, to safeguard people and reduce the loss of destruction from fire hazards.

Initially, the adoption of fire protection systems in several developing countries was low compared to developed nations. This was mainly due to the lack of awareness among consumers regarding the product as well as reduced regulatory pressure. However, the efforts from various systems integrators, manufacturers, and dealers have created widespread awareness among users. The launch of fire safety programs and the use of targeted marketing explaining the benefits of a fire protection system have drawn the attention of large as well as small & medium enterprises. This has led to steady market growth over the past few years.

The construction of new properties, including residential and non-residential, is expected to offer new opportunities for installing fire alarm & detection systems. The commercial and industrial areas majorly use fire protection systems for employee safety. Furthermore, an increase in the number of property damage due to fire accidents drives the market growth. Moreover, the market is driven by the regulations, standards, and codes imposed by different regulatory bodies. The growing standard has impelled organizations to install fire protection systems. These factors are expected to boost the growth of the market over the forecast period.

Product Insights

The fire detection product segment accounted for more than 57% share of the global revenue in 2020. A fire detection system comprises various devices working collectively, which help detect and warn people through video and audio equipment during an incident involving smoke, carbon monoxide, fire, or other emergencies. Regulatory requirements by various organizations, such as the National Fire Protection Association by the United States and the Building Code Australia, have mandated the installation of fire detection systems, hence boosting the demand for these systems.

The fire analysis segment is expected to register the highest CAGR from 2021 to 2028. The segment growth can be attributed to the increasing need for fire analysis, which helps make proper decisions during fire prevention. Fire analysis commonly uses fire modeling & simulation software and fire mapping & analysis software. It is an essential part of a fire protection system, as it facilitates well-versed decision-making, which leads to maximum efficiency. Based on product, the market is segmented into fire analysis, fire suppression, fire detection, fire response, and fire sprinkler systems.

Service Insights

The installation and design service segment accounted for more than 43% share of the global revenue in 2020. Installation and design services refer to the practice of outsourcing the solution for design, development, upgrades documentation and installing processes of the fire protection system. Fire protection systems are being installed across buildings of all sizes as inhabitants increasingly understand the benefits they offer in small, mid-size, and large buildings. Furthermore, installation and design services are increasingly preferred due to the subject-matter expertise offered by vendors. This is driving the demand for installation and design services in the market.

The maintenance services segment is expected to register the highest CAGR from 2021 to 2028. Fire protection systems play a vital role in detecting and alerting people in the event of smoke or fire; however, any fault in the system may lead to accidents and asset losses. Therefore, regular maintenance is necessary to reduce the risks of failure and extend the life of the system. Maintenance service includes timely audit and service of the equipment to ensure that it meets all the essential fire safety standards during an emergency. Based on service, the market is segmented into managed, installation & design, maintenance, and other services.

Application Insights

The commercial application segment dominated the market and accounted for more than 48% share of the global revenue in 2020. The commercial application segment comprises applications for retail, BFSI, government, healthcare, and telecom & IT educational institutions. The product demand in commercial applications is increasing due to the formulation of stringent government rules for fire prevention and control across the globe. Furthermore, increasing investments by companies to reduce the loss of property & life and safeguard the infrastructure are expected to fuel the product demand in this segment.

Global fire protection system market share, by application, 2020 (%)

Based on application, the fire protection system market is segmented into commercial, industrial, and residential. The industrial application segment is expected to register the highest CAGR of over 7.5% from 2021 to 2028. The industrial application covers major sectors, such as oil & gas, mining, energy & power, and manufacturing. The need to safeguard automated systems from fire accidents is expected to fuel the growth of the segment. Furthermore, in the fire-prone sector, the emphasis is on installing complete proof protection and prevention systems. This is expected to further drive the industrial segment.

Regional Insights

North America dominated the market with a revenue share of over 37% in 2020. This can be attributed to the high demand for intelligent houses and smart buildings, which deliver optimum safety. Furthermore, North America has a strong presence of key market players, such as Raytheon Technologies Corporation, GENTEX Corp., and Honeywell International, Inc. These companies are actively involved in spreading product awareness via marketing programs.

Asia Pacific is expected to register the highest CAGR over the forecast period. Asia Pacific is a developing region and countries, such as India, China, and Japan, are expected to drive the overall regional market. Furthermore, growing urbanization and rising awareness among the consumers are expected to contribute to the regional market growth over the forecasted period.

Key Companies & Market Share Insights

The market players are adopting strategic initiatives and are undertaking measures to gain benefits from the opportunities in the emerging market. The key companies have launched advanced products to meet the evolving customer needs. For instance, in November 2020, Johnson Controls launched the Smart Fire Sprinkler Monitoring solution. This solution offers 24/7 monitoring capabilities via the cloud, supports operational downtime, reduces building damage, and prevents system failure.

In October 2020, Honeywell launched a new cloud platform for fire safety systems. This platform enables technicians to minimize the disruption, aids in compliance, and reduces the time required to design, install, commission, and maintain the safety of systems. In addition, market players are also focusing on strategic partnerships to expand their customer base and enhance their product offerings in the market. Some prominent players in the global fire protection system market include:

  • GENTEX Corp.

  • Siemens

  • Robert Bosch GmbH

  • Halma plc

  • Eaton

Fire Protection System Market Report Scope

Report Attribute


Market size value in 2021

USD 72.72 billion

Revenue forecast in 2028

USD 114.97 billion

Growth rate

CAGR of 6.8 % from 2021 to 2028

Base year for estimation


Historical data

2018 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, service, application, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; Germany; U.K.; China; India; Japan; Brazil; Mexico

Key Company Profiled

Johnson Controls; Honeywell International, Inc.; Raytheon Technologies Corporation; GENTEX Corp.; Siemens; Robert Bosch GmbH; Halma plc; Eaton

Customization scope

Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional, and segment scope

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2028. For the purpose of this study, Grand View Research has segmented the global fire protection system market based on product, service, application, and region:

  • Product Outlook (Revenue, USD Million, 2018 - 2028)

    • Fire Detection

    • Fire Suppression

    • Fire Response

    • Fire Analysis

    • Fire Sprinkler System

  • Service Outlook (Revenue, USD Million, 2018 - 2028)

    • Managed Service

    • Installation and Design Service

    • Maintenance Service

    • Others

  • Application Outlook (Revenue, USD Million, 2018 - 2028)

    • Commercial

    • Industrial

    • Residential

  • Regional Outlook (Revenue, USD Million, 2018 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

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