Fire Protection Systems Market : Fire protection system is a certified product, developed according to the standards specified by the government authorities and regulatory bodies to control fire outbreaks. This system is equipped with flame detectors and smoke control devices that aid during fire emergency.
The global fire protection systems market size was valued at $96,500.0 million in 2019, and is projected to reach $1, 31,274.5 million by 2027, registering a CAGR of 5.2% from 2020 to 2027.
Alarm valves and sprinkler systems are some of the widely used fire protection systems. These systems have been invented to detect and respond to fire, smoke, or flame. Introduction of fire protection systems has helped in responding quickly and accurately to fire, as compared to the traditional heat or smoke devices used in the past. Furthermore, fire sensors and detectors when installed in commercial buildings serve as ideal and affordable safety measure.
Implementation of stringent regulations to install fire protection systems in residential and nonresidential buildings globally is expected to fuel the growth of the market. The industrial and commercial areas majorly use fire protection systems for safety of employees. In addition, increase in risk of property damage and public safety concerns due to fire accidents drive growth of the global market.
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