Reviving Construction Industry and Improving Building Codes and Regulations will Drive the Market
This research on the European fire detection (sensors and alarms that detect and warn against fire) and fire suppression (water-based, gas-based and foam fire suppression systems) market offers an overview of the fire safety market in Europe for the period from 2015 to 2025. In this research, revenue represents manufacturers’ sales of fire and safety products and does not include any consulting, installation and project management fees. The base year for this report is 2018. Both the fire detection and fire suppression segments are further analysed by the following regions.
- Germany
- France
- Italy
- United Kingdom
- Spain and Portugal
- Benelux (Belgium, Luxembourg and the Netherlands)
- Nordics (Denmark, Finland, Norway and Sweden)
- Rest of Europe (Austria, Czech Republic, Switzerland and Eastern Europe).
A vertical market analysis is also available with revenue contributions over the study period for commercial (hospitality, healthcare, recreational and leisure establishments, restaurants, entertainment, offices, banks, retail buildings); industrial (process and discrete industries); government; educational and other sectors (data centres, airport, utilities and other buildings). Further, this research analyses the drivers and restraints that affect the growth of the European fire detection and suppression market. Increased fire safety measures, high number of fire-related fatalities, rising building construction activities and stringent building codes and safety regulations are likely to drive demand from 2018 to 2025. The European fire detection and suppression market generated $3.27 billion in revenue in 2018. The growth trend observed in the past years is expected to continue over the forecast period as well, and the market is expected grow at a compound annual growth rate (CAGR) of 5.9% over 2018–2025.
Key Issues Addressed
- Is the market growing, how long will it continue to grow, and at what rate?
- Have the positions of leading competitors changed? Did they lose market share?
- How dynamic is the market? Are there acquisitions? Is there any supporting industry aiding to the growth of the market?
- Which end user will influence the demand for the fire and safety systems?
- Who are the key market participants, and what are their competitive strengths?
- What are the different sales distribution channels present in the market? Are they likely to change in the future?