Fire Protection Systems Market Global Forecast
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- Date Submitted: 05/11/2016 02:47 AM
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Bharat Book Bureau provides the report, on “Fire Protection Systems Market Global Forecast”. This report would help stakeholders to better understand the competitor and gain more insights to enhance their position in the business. https://www.bharatbook.com/consumer-electronics-market-research-reports-181772/fire-protection-systems-technology-product-service-vertical-geography-global-forecast.html
11th May, 2016 Mumbai, India: Bharatbook.com announces a report on “Fire Protection Systems Market Global Forecast”. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
The increasing policies, regulations, and government mandates along with technological advancements and innovations in equipment and networking are driving the fire protection systems market.
The fire protection systems market size is expected to grow from USD 47.96 billion in 2015 to USD 98.24 billion by 2022, at a CAGR of 10.1% between 2016 and 2022.
The fire protection systems market is driven by factors such as increasing policies, regulations, and government mandates, and rising fire-related expenditure of various enterprises and rise in deaths & loss of property due to the same. Also, the technological advancements and innovations in equipment and networking are fostering the growth of the fire protection systems market.
Fire protection systems in the oil, gas, and mining vertical to gain maximum traction during the forecast period
The commercial vertical is expected to hold the largest share of the fire protection systems market by 2022, while the fire protection systems market for the oil, gas, and mining vertical is expected to grow at the highest rate between 2016 and 2022. The oil, gas, and mining sector is more prone to fire accidents due to the involvement of highly flammable materials such as oil, gasoline, and other combustible substances. Suitable fire...
11th May, 2016 Mumbai, India: Bharatbook.com announces a report on “Fire Protection Systems Market Global Forecast”. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
The increasing policies, regulations, and government mandates along with technological advancements and innovations in equipment and networking are driving the fire protection systems market.
The fire protection systems market size is expected to grow from USD 47.96 billion in 2015 to USD 98.24 billion by 2022, at a CAGR of 10.1% between 2016 and 2022.
The fire protection systems market is driven by factors such as increasing policies, regulations, and government mandates, and rising fire-related expenditure of various enterprises and rise in deaths & loss of property due to the same. Also, the technological advancements and innovations in equipment and networking are fostering the growth of the fire protection systems market.
Fire protection systems in the oil, gas, and mining vertical to gain maximum traction during the forecast period
The commercial vertical is expected to hold the largest share of the fire protection systems market by 2022, while the fire protection systems market for the oil, gas, and mining vertical is expected to grow at the highest rate between 2016 and 2022. The oil, gas, and mining sector is more prone to fire accidents due to the involvement of highly flammable materials such as oil, gasoline, and other combustible substances. Suitable fire...