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Fire Detection and Suppression Systems Market | Insights on the Crisis and the Roadmap to Recovery from COVID-19 Pandemic | Technavio

·4-min read

The global fire detection and suppression systems market to register an incremental growth of USD 5.91 billion, witnessing a CAGR of over 4% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the fire detection and suppression systems market in optimistic, probable, and pessimistic forecast scenarios.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200918005038/en/

Technavio has announced its latest market research report titled Global Fire Detection and Suppression Systems Market 2020-2024 (Graphic: Business Wire)

Get detailed insights on COVID-19 pandemic Crisis and Recovery analysis of Fire Detection and Suppression Systems market. Download free report sample

Amid the COVID-19 Crisis, the Revaluated and Updated Fire Detection and Suppression Systems Market Report Says:

  • The fire detection and suppression systems market will witness a Neutral and Inferior impact during the forecast period owing to the extensive rise of the COVID-19 pandemic.

  • Due to the extensive spread of the virus across the globe, the Industrials industry is anticipated to have Negative and Indirect impact.

  • Furthermore, as per Technavio’s pandemic-focused research highlights, the market demand will show At Par growth due to the increase in infections and reduced economic activity.

Click here to learn about the report’s detailed analysis and insights on how you can leverage them to grow your business.

Fire Detection and Suppression Systems Market Segmentation and Competitive Analysis

Fire detection and suppression systems market is segmented by end-user (commercial buildings, industrial sector, residential buildings, government buildings, and educational buildings), type (fire suppression systems and fire detection systems), and geography (North America, Europe, APAC, MEA, and South America). The emergence of eco-friendly products has been an instrumental factor in influencing the growth of the fire detection and suppression systems market. Other market drivers include stringent regulations supporting improved fire safety standards and a rise in the development of commercial infrastructure.

The market is fragmented. The report analyzes the market’s competitive landscape and offers information on several market vendors, including AFEX Fire Suppression Systems, API Group, Carrier Global Corp., Emerson Electric Co., Globe Fire Sprinkler Corp., Halma Plc, Honeywell International Inc., Johnson Controls International Plc, McWane Inc., and Siemens AG. Moreover, Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.

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Reasons to Buy the Report:

  • Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

  • The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers.

  • The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

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Methodology

Information Sources:

Primary sources

  • Manufacturers and suppliers

  • Channel partners

  • Industry experts

  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals

  • Government data

  • Financial reports of key industry players

  • Historical data

  • Press releases

Data Analysis:

Data Synthesis

  • Collation of data

  • Estimation of key figures

  • Analysis of derived insights

Data Validation

  • Triangulation with data models

  • Reference against proprietary databases

  • Corroboration with industry experts

Report Writing:

Qualitative

  • Market drivers

  • Market challenges

  • Market trends

  • Five forces analysis

Quantitative

  • Market size and forecast

  • Market segmentation

  • Geographical insights

  • Competitive landscape

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200918005038/en/

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