Automatic Fire Suppression System (AFSS) Market Competitive Growth Strategies Based on Type, Applications, End User and Region
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.
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Automatic fire suppression system is also used in vehicles
to control and extinguish fire. The system is specially designed for vehicles
to withstand vibrations of vehicles and the system doesn’t require any power
supply to make them use anywhere and anytime. The system is easily integrated
with the vehicles, due to its low weight.
The automatic fire suppression system contains infrared
optical detection, fire suppressing storage cylinders, alarm unit and other
components to prevent the assets and lives from the fire. There are different
types of automatic fire suppression system available such as fire detectors,
fire extinguisher and sprinklers.
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.
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)
- Japan
- 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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Global Automatic Fire Suppression System Market:
Segmentation
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
- Mining
- Manufacturing
- Automotive
- Others
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
Report Highlights:
- 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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