|
|
 |
|
Viewing report
|
|
|
|
North American Fire Suppression Systems Markets
Frost & Sullivan, Oct 2007, Pages: 183
The study provides insight into key applications and demand for the North American fire suppression systems markets. The scope of the study is restricted to commercial and industrial end-user segments in the United States and Canada. The study elaborates on the individual market segments that includes water based, gas based, and special supression systems markets.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
-Water-based systems
-Gas-based systems
-Special systems
Technologies
The following technologies are covered in this research:
-Water sprinkler systems
-Water mist systems
-Carbon-dioxide systems
-Halocarbon systems
-Inert gas systems
-Foam systems
-Dry/Liquid Chemical systems
Market Overview
New Building Construction and Renovation Projects Continue to Positively Influence Growth in Fire Suppression Systems Market
The North American fire suppression systems market is witnessing significant growth due to increased activity in the construction sector. Both new building construction and retrofits of existing buildings have remained buoyant, mostly driven by code compliance, thus positively impacting revenue growth. 'Economic conditions are likely to favor an already upbeat construction market, further driving retrofits,' notes the analyst of this research service. 'Consequently, capital investments are also expected to result in an increase in renovation projects as businesses opt for improvements.'
Moreover, the energy crises and fluctuating fuel prices have considerably shifted the focus toward alternate fuels and fuel additives such as ethanol and alternate energy sources such as bio-diesel and liquefied natural gas (LNG). As the market progresses, these factors will certainly drive the participating market segments catering to these specific requirements.
Diversification Offers an Effective Solution to Breakthrough Increasing Market Concentration
Highly prescriptive building codes and standards have always been a key challenge for market participants to penetrate across segments in this market. In addition, the mature state of the market continues to keep price sensitivity thriving. This has made it particularly difficult for smaller and niche players to maintain their positions in the market. Acquisition and consolidation embodies a high degree of market concentration among a few large companies, while also projecting strong in-built barriers to entry for new participants.
As there are entry barriers in the forms of meeting the requirements of regulatory and statuary bodies, the market has seen some of the existing participants diversify to introduce gelled halocarbon with dry chemical suspension, powdered aerosols and fluorinated ketone as an alternative to traditional means of fire suppression. There have also been visible efforts directed toward focusing on products, which are not likely to become environmental hazards in the near future. 'Although water-based suppression systems dominated the market with over 50 percent contribution to revenues in 2006, special systems are likely to gain ground with the growing acceptance of newer fire suppression agents stimulating growth for this segment,' explains the analyst. 'In addition, fluorinated ketone products such as Novec™ 1230, which are positioned as environment-friendly, are expected to gain more sizable share in the market, although price sensitivity will continue to determine their rate of adoption and penetration.'
Customers who bought this item also bought
U.S. Concrete Admixtures Markets
Analysis of the Middle East Fire Detection and Suppression Systems Market
European Fire Suppression Systems Markets
European Welding Equipment and Consumables Markets for Shipbuilding Applications
North American Residential Humidity Control Markets
Building Automation Systems Market in Hong Kong
Wall Coverings - Global Strategic Business Report
Construction and Mining Machinery/Equipment - Global Strategic Business Report
Builders and Cabinet Hardware - Global Strategic Business Report
Nonresidential Prefabricated Building Systems - Global Strategic Business Report
|
|
|
|
