North America Fire Protection Systems Market Report and Forecast 2024-2032

North America Fire Protection Systems Market Outlook

The North America fire protection systems market size reached approximately USD 23.12 billion in 2023. The market is estimated to grow at a CAGR of 3.3% in the forecast period of 2024-2032, reaching a value of around USD 30.96 billion by 2032.

Key Trends in the Market

Fire protection systems comprise equipment, services and strategies, which are utilised to prevent or control the spread of a fire. They also encompass safety drills, fire protection products, educational awareness regarding fire risk and safety, and regular inspections regarding fire hazards.

• Growing demand for fire protection systems in the residential sector amid rising incidences of fire is one of the crucial North America fire protection systems market trends. Tenants usually seek residential buildings that are equipped with fire safety equipment such as fire alarms, fire extinguishers, smoke detectors, or sprinkler systems, among others, to enhance their safety.

• Increased incorporation of CPVC (chlorinated polyvinyl chloride) pipes as an alternative to traditional metal pipes in fire protection systems, due to their excellent durability, lightweight, and cost-effective nature, is another prominent trend aiding the market expansion.

• The deployment of advanced technologies such as cloud computing and IoT in fire protection systems for providing early fire detection and real-time location of fire also contributes to the North America fire protection systems market growth.

• Favourable government initiatives such as NFPA (National Fire Protection Association) code and standards that enforce fire safety standards and installation of fire detection and suppression devices also support the market growth.

Market Analysis

Based on type, the market is bifurcated into active fire protection systems and passive fire protection systems. On the basis of product, the market is divided into fire detection, fire suppression, fire response, fire analysis, and fire sprinkler system.

Based on service, the market is classified into managed service, installation and design service, and maintenance service, among others. The North America fire protection systems market segmentation, on the basis of application, includes commercial, industrial, and residential. Based on country, the market is divided into the United States of America and Canada.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America fire protection systems market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Honeywell International Inc.   

• Johnson Controls International plc  

• RTX Corporation  

• Siemens AG

• Eaton Corporation plc 

• Robert Bosch GmbH  

• Halma plc  

• HOCHIKI Corporation  

• Gentex Corporation  

• Amerex Corporation  

• Others

Market Share by Product

Fire detection systems occupy a significant portion of the North America fire protection systems market share, owing to the growing demand for early detection of fire to prevent the loss of life and property. Regulatory standards that mandate the installation of fire detection systems in the workplaces of the region also provide a positive market outlook.

Meanwhile, fire suppression systems are expected to witness sizeable growth in the foreseeable future, due to the rising applications of suppressants for deterring the spread of fire.

Market Share by Application

As per the North America fire protection systems market analysis, the commercial sector accounts for a substantial share of the regional market, due to the increased installation of fire protection devices in the BFSI, healthcare, government, retail, and IT and telecom sectors, among others. The introduction of stringent government policies regarding fire safety and prevention in commercial settings also aids the growth of the segment.

Additionally, the industrial sector is expected to gain considerable growth in the upcoming years, owing to the high demand for fire protection systems in electrical power and distribution and other major hazardous areas in the region.

Competitive Landscape

Honeywell International Inc., founded in 1906, is a multinational conglomerate of aerospace, performance materials, and building technology. The company, based in North Carolina, the United States, offers access control, control panels, building management, and fire life safety, among others.

Johnson Controls International plc is a primary provider of HVAC, fire safety and security equipment, established in 1885. The company, headquartered in Cork, Ireland, provides its services in data centres, healthcare, industrial and manufacturing, and transportation, among other sectors.

RTX Corporation, incorporated in 2020, is an aviation component manufacturing company, with its headquarters in Virginia, the United States. Its speciality includes advanced sensors, aerostructures, aircraft engines, precision weapons, and software development, among others.

Other North America fire protection systems market players include Siemens AG, Eaton Corporation plc, Robert Bosch GmbH, Halma plc, HOCHIKI Corporation, Gentex Corporation, and Amerex Corporation, among others.

Key Highlights of the Report