Connect with us

Technology

Fire Protection System Market to Grow by USD 14.58 Billion (2024-2028), Boosted by IoT & Big Data Integration with Smoke Detectors, with AI Driving Market Transformation – Technavio

Published

on

NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global fire protection system market size is estimated to grow by USD 14.58 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  6.78%  during the forecast period. Integration of smoke detectors with iot and big data is driving market growth, with a trend towards growth in adoption of wireless technology in fire detection systems. However, high installation and maintenance cost of fire protection systems  poses a challenge. Key market players include ABB Ltd., API Group Corp., Carrier Global Corp., Eaton Corp. Plc, Encore Fire Protection, Fire Suppression Ltd., Fireline Corp., Firetrol Protection Systems Inc., Gentex Corp., Halma Plc, Hochiki America Corp., Honeywell International Inc., Johnson Controls International Plc., Minimax GmbH, Napco Security Technologies Inc., RTX Corp., Robert Bosch GmbH, Securitas AB, Securiton AG, and Siemens AG.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Fire Protection System Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.78%

Market growth 2024-2028

USD 14582 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.23

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 41%

Key countries

US, China, UK, Germany, and Japan

Key companies profiled

ABB Ltd., API Group Corp., Carrier Global Corp., Eaton Corp. Plc, Encore Fire Protection, Fire Suppression Ltd., Fireline Corp., Firetrol Protection Systems Inc., Gentex Corp., Halma Plc, Hochiki America Corp., Honeywell International Inc., Johnson Controls International Plc., Minimax GmbH, Napco Security Technologies Inc., RTX Corp., Robert Bosch GmbH, Securitas AB, Securiton AG, and Siemens AG

Market Driver

The Fire Protection System market is experiencing significant growth due to increasing safety concerns and regulatory requirements. Federal custodians and building owners are prioritizing fire safety in residential and commercial buildings. The labor program and policies and regulations are driving the retrofit infrastructure of existing buildings with advanced technologies such as fire detection devices, sprinkler systems, and fire extinguishers. Construction equipment and facility management companies are integrating building automation and response teams with fire control communicators and sprinkler supervisory systems. Advanced technologies like fire analysis, mapping, and real-time information are becoming essential for risk management and safety concerns. Companies like BakerRisk are providing fire analysis services using Fire Safety Order and responsible persons (RPs) to ensure compliance with building codes. Economic advancements and construction activities are leading to the adoption of fire safety norms in various sectors, including hospitals, educational institutions, and oil & gas. Fire protection system providers offer managed services, including fire detection systems, suppression systems, maintenance services, and energy efficiency solutions. Fire hose reels, hydrant systems, and automatic sprinkler systems are essential components of fire safety procedures. Fire codes and safety systems are being updated regularly, requiring installers to stay informed of regulatory updates. Advanced technologies like RFID systems, smoke detectors, heat detectors, and flame detectors are being integrated into fire protection systems to improve fire safety procedures. Wet-pipe, dry-pipe, pre-action, and deluge fire sprinklers are essential for effective fire suppression. Wireless alarm systems and water mist technology are also gaining popularity due to their efficiency and reliability. 

Wireless fire detection and alarm systems are essential solutions for modern enclosed structures such as offices, hotels, monuments, halls, and warehouses. These systems do not require traditional cabling, making installation simple and quick. The system comprises a radio gateway, radio fire detectors, and radio manual call points. A dual-band system with frequencies of 433 MHz and 868 MHz, and multiple channels, ensures stable communication between devices. The absence of wires maintains the building’s interior integrity and enhances aesthetics. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

The Fire Protection System market faces various challenges in the real estate sector. Federal custodians and tenants require compliance with labor programs, policies, and regulations. Retrofitting infrastructure with advanced technologies and materials, such as fire detection devices and suppression systems, can be costly and complex. Construction activities and building automation also pose challenges, as does ensuring the availability of response teams and fire control communicators. Technology and materials, including fire sprinkler systems, fire extinguishers, and fire alarm equipment, must meet stringent building codes. Executive leadership and risk management prioritize safety concerns, with Royal Assent and Fire Safety Orders driving regulatory updates. Responsible persons (RPs) in residential buildings must oversee fire safety procedures, while installers navigate supply chain disruptions and regulatory compliance. Fire analysis, including fire mapping and real-time information, is essential for effective fire safety systems. Advanced technologies like wireless sensor networks and fire suppression systems offer energy efficiency and improved response times. Fire Protection Systems encompass fire hose reels, hydrant systems, and automatic sprinkler systems, among other solutions. Energy efficiency, fire safety norms, and economic advancements continue to shape the market. Key sectors, such as hospitals, educational institutions, oil & gas, and manufacturing, prioritize fire safety procedures and systems. Fire codes and safety systems continue to evolve, with managed services and energy and power solutions playing crucial roles. Fire detection systems, including smoke detectors, heat detectors, RFID systems, and flame detectors, are essential components of comprehensive fire protection strategies. Wet-pipe, dry-pipe, pre-action, and deluge fire sprinklers, along with fire alarm systems, ensure safety in various applications. Fire sprinkler contractors and maintenance services offer expertise in designing, installing, and maintaining these systems. Fire safety systems, including smoke management and ventilation systems, are critical for minimizing damage and ensuring occupant safety. In conclusion, the Fire Protection System market faces numerous challenges, including regulatory compliance, technology integration, and cost management. However, advancements in fire detection, suppression, and analysis technologies, along with the evolving regulatory landscape, provide opportunities for growth and innovation. By prioritizing safety, efficiency, and regulatory compliance, stakeholders can create effective and sustainable fire protection solutions for various industries and applications.Fire protection systems involve significant upfront investments due to the need for various components such as alarms, smoke detectors, and fire suppression systems. The cost is further increased by the labor expenses for installation, which are high due to the intricacy of networks and the need for advanced tools. Vendors continually upgrade their solutions and innovate new technologies, driving up the cost for buyers in the residential, commercial, and government sectors.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This fire protection system market report extensively covers market segmentation by  

Product 1.1 Fire detection1.2 Fire suppression1.3 Fire response1.4 Fire analysisApplication 2.1 Commercial2.2 Industrial2.3 ResidentialGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Fire detection-  The fire detection product segment dominates the global fire protection system market due to its essential role in early fire detection and warning. A fire detection system includes components like smoke detectors, alarms, water sprinklers, and fire suppression systems. These devices collaborate to identify and alert individuals through audio and visual equipment, such as speakers and alarms, during smoke, carbon monoxide, or fire incidents. Regulatory bodies, such as the National Fire Protection Association (NFPA) and the Building Code of Australia, mandate the installation of fire detection systems in various public places, including malls, hospitals, stadiums, and other public gatherings. This regulatory compliance and safety concern will boost the demand for fire detection systems and the overall fire protection system market.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Fire Protection System Market encompasses a range of technologies and services designed to prevent, detect, and suppress fires in various structures. Key components include fire alarm systems, fire suppression systems, fire hose reels, fire hydrant systems, automatic sprinkler systems, smoke management systems, ventilation systems, and stairwell-pressurization systems. These systems are essential in various sectors, including hospitals, educational institutions, and commercial buildings. Policies and regulations, such as labor programs and fire safety procedures, play a crucial role in driving market growth. Retrofitting infrastructure with advanced fire protection systems is a significant trend, as is the integration of wireless sensor networks for early detection and real-time monitoring. Supply chain disruptions can impact market growth, while energy efficiency is a key consideration for many fire protection solutions. Fire sprinkler contractors are an essential part of the value chain, ensuring proper installation and maintenance of fire protection systems.

Market Research Overview

The Fire Protection System market encompasses a range of technologies and services designed to prevent, detect, and suppress fires in various structures. This includes federal custodians and tenants implementing policies and regulations to ensure fire safety. Retrofitting infrastructure with advanced technologies such as fire detection devices, sprinkler systems, and suppression systems is crucial for existing buildings. Construction equipment and facility management play key roles in installing and maintaining these systems during new building projects. Building automation and response teams are essential for effective fire control communication. Advanced technologies like fire analysis segment, mapping, real-time information, and wireless sensor networks contribute to improved fire safety. Companies specializing in fire safety norms, fire codes, and executive leadership provide essential guidance. Responsible persons (RPs) overseeing residential buildings, hospitals, educational institutions, and other structures implement fire safety procedures and ensure adherence to regulations. Fire safety norms, economic advancements, and construction activities drive the demand for fire protection systems. Key components include water supply, water delivery, and distribution systems, as well as retrofitting, fire alarms, and suppression systems. Energy efficiency, smoke management, and ventilation systems are also critical elements. Fire protection contractors offer managed services, while energy and power sectors, oil & gas industries, and wireless alarm systems further expand the market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductFire DetectionFire SuppressionFire ResponseFire AnalysisApplicationCommercialIndustrialResidentialGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/fire-protection-system-market-to-grow-by-usd-14-58-billion-2024-2028-boosted-by-iot–big-data-integration-with-smoke-detectors-with-ai-driving-market-transformation—technavio-302364763.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

TÜV Rheinland issued Verification for Palm Vein Recognition Rate and Speed Of the Veno Pro Video Smart Lock

Published

on

By

SHENZHEN, China, Feb. 26, 2025 /PRNewswire/ — TÜV Rheinland, the internationally recognized independent testing, inspection, and certification organization, has issued the verification statement for the palm vein recognition rate and speed of the Veno Pro Palm Vein Recognition Video Smart Lock (model: LKMSD411, hereinafter referred to as “Veno Pro“). Launched in North America by LOCKIN (U.S.) Inc. Technology, this product demonstrated performance consistent with the established test criteria, reflecting stable and reliable operation under daily use conditions.

As smart homes gain popularity and living standards rise, the biometric functions in smart locks have become increasingly important to users. Palm vein recognition technology, which uses infrared to read the distribution of veins in the human palm, offers several advantages over fingerprint and facial recognition, including natural live body detection, contactless convenience, hygiene, stable feature information, low environmental requirements, resistance to external damage or theft, reduced false triggers, and immunity to twin confusion. This technology is rapidly becoming a favorite in the lock industry.

However, due to its relatively recent introduction and limited recognition, smart locks equipped with palm vein recognition technology need to prove that their product performance and user experience to earn consumer trust. In response, TÜV Rheinland officially launched the “Palm Vein Recognition Rate and Speed Verification” service.

TÜV Rheinland conducted extensive palm vein recognition tests on Veno Pro in its laboratory under a reproducible and stable testing environment. The results show that Veno Pro’s average recognition time is no more than 0.17 seconds, with an average recognition success rate of no less than 99.9%. The recognition experience is stable and smooth, meeting the daily needs of users effectively.

“TÜV Rheinland recognizes that new technologies, such as palm vein recognition in the lock industry, require rigorous verification to ensure they meet consumer expectations and gain market acceptance. As a trusted partner, TÜV Rheinland is well-equipped to support manufacturers in validating the performance and reliability of their innovative products. By leveraging TÜV Rheinland’s verification services, companies can effectively demonstrate the quality and capabilities of their technologies, facilitating smoother market entry and enhancing customer trust”, Jay Yang, Vice President of TÜV Rheinland Graeter China Electrical.

About TÜV Rheinland

Safety and quality in almost all areas of business and life: That’s what TÜV Rheinland stands for. The company has been active for more than 150 years and is one of the world’s leading testing service providers. TÜV Rheinland has more than 22,000 employees in over 50 countries and generates annual sales of more than 2.4 billion euros. TÜV Rheinland’s highly qualified experts test technical systems and products around the globe, accompany innovations in technology and business, train people in numerous professions and certify management systems according to international standards. In this way, the independent experts ensure trust along global flows of goods and value chains. Since 2006, TÜV Rheinland has been a member of the United Nations Global Compact for more sustainability and against corruption.

View original content to download multimedia:https://www.prnewswire.com/news-releases/tuv-rheinland-issued-verification-for-palm-vein-recognition-rate-and-speed-of-the-veno-pro-video-smart-lock-302385751.html

SOURCE TUV Rheinland Group

Continue Reading

Technology

Kingdee Expands Its Footprint into the Middle East, Opening Qatar Office

Published

on

By

HONG KONG, Feb. 26, 2025 /PRNewswire/ — Kingdee International Software Group Company Limited(0268.HK)announced today the opening of its regional headquarters in Qatar’s Free Zones, marking its official entry into the Middle East market. The establishment of this regional headquarters has been facilitated through the support of the Qatar Investment Authority (QIA), the sovereign wealth of Qatar, Invest Qatar, the investment promotion agency of Qatar and Qatar Free Zones Authority (QFZ). At the press conference, Kingdee was represented by Vice President Liu Zhongwen, General Manager of Kingdee International Business Center Liu Yujie.

Founded in 1993, Kingdee is a globally renowned enterprise management cloud SaaS company listed on the Main Board of the Hong Kong Stock Exchange. Expanding its global presence has been one of Kingdees key strategic objectives.

In December 2023, Kingdee and QIA announced an agreement in which QIA would invest around $200 million in the company. This investment recognised Kingdee as a category leader and key enabler of enterprise cloud transformation in China. The investment in Kingdee aligns with QIA’s strategic objective to invest in leading companies and technologies in global digitalization trends. Robert Xu, Chairman and CEO of Kingdee Group,visited Qatar in December 2024 and decided to leverage Qatar as a bridgehead for expanding the footprint into the Middle East and North Africa markets, drive the digital transformation of local enterprises and supporting Qatar to achieve its “Qatar National Vision 2030”.

He said: Today marks a pivotal moment in the global expansion plans of Kingdee. Following the investment by QIA in December 2023, we are excited to further strengthen our collaboration with Qatar by opening our first office in the Middle East, in Qatar’s Free Zones. We are excited to collaborate with QIA, Invest Qatar and QFZ to bridge the gap between Kingdee and the Middle Eastern market, supporting Kingdee’s inter-national growth strategy.

Mohammed Saif Al-Sowaidi, CEO of QIA stated: “QIA has been an investor in Kingdee since 2023 and recognizes the company’s expertise in enterprise digitalization and cloud services in China. We are confident that Kingdee will succeed in their expansion and will bring a valuable offering to the Middle East market.” 

Sheikh Ali Alwaleed Al-Thani, CEO, Invest Qatar, commented: “We are delighted to welcome Kingdee to Qatar. The establishment of their regional headquarters in Qatar marks a significant milestone in our ongoing efforts to attract leading global technology companies to our region. This collaboration underscores Qatar’s commitment to fostering a business-friendly environment that supports innovation and digital transformation. We look forward to working closely with Kingdee, the Qatar Investment Authority, and the Qatar Free Zones Authority to drive forward our shared vision of economic growth and technological advancement, in line with Qatar National Vision 2030 and the Third National Development Strategy.”

On this strategic move, H.E. Sheikh Mohammed bin Hamad bin Faisal Al-Thani, CEO of Qatar Free Zones Authority (QFZ), said: “Kingdee’s decision to establish its regional headquarters in our free zones reaffirms Qatar’s position as a leading hub for digital innovation. This partnership, developed through the joint efforts of Qatar Investment Authority, Invest Qatar, and Qatar Free Zones Authority, reflects our collective drive to achieve Qatar’s Third National Development Strategy — the final wave of the Qatar National Vision 2030. By integrating Kingdee’s expertise into our technology ecosystem, we accelerate digital transfor-mation and strengthen Qatar’s role as a gateway for next-generation solutions to drive economic diversification and sustainable growth.”

QFZ will provide Kingdee with a strategically positioned platform to strengthen its regional presence, cultivate high-impact collaborations, and contribute to the evolution of enterprise digitalization. 

As a publicly listed company with over 31 years of history, Kingdee has reinforced its product R&D and implementation capabilities through serving more than 7.4 million customers worldwide. Kingdee SaaS solutions are used in 172 countries and regions worldwide, supporting 42 languages and serving over 1000 customers to achieve overseas digital operations. “We are confident in our ability to deliver professional enterprise digital solutions to Qatar and the regional market.”

Kingdee, leveraging its industry expertise and the management models of China’s leading enterprises, can provide end-to-end digital solutions encompassing financial management, supply chain optimization, and production operations to local businesses. This empowers regional enterprises to enhance management efficiency and strengthen competitive capa-bilities.

The establishment of Kingdee Qatar represents a strategic milestone in Kingdee’s commitment to delivering localized services from Qatar’s Free Zones to global clients. Guided by the principle of “think globally, operate locally,” the company will synergize regional business acumen with technological strengths, inte-grating AI-driven digital technologies and management expertise to provide compre-hensive one-stop solutions. This initiative will accelerate the development of the Middle East’s software and internet industries through technological empowerment.

Photo – https://mma.prnewswire.com/media/2628131/1.jpg

View original content:https://www.prnewswire.co.uk/news-releases/kingdee-expands-its-footprint-into-the-middle-east-opening-qatar-office-302385762.html

Continue Reading

Technology

E-Health Now Founder & CEO Kelly Xu was honored as the “2024 Forbes China Emerging Innovator and Entrepreneur”

Published

on

By

BEIJING, Feb. 26, 2025 /PRNewswire/ — On February 22, 2025, the Forbes China Emerging Innovators and Entrepreneurs Forum and Awards Ceremony was held at the Shangri La Hotel in Hangzhou. This grand event of innovation and entrepreneurship brought together entrepreneurs, investors, and industry experts from all walks of life to explore global innovation trends. In the highly anticipated Award Ceremony, Kelly Xu, Founder and CEO of E-Health Now, stood out in the fierce competition with her outstanding achievements and innovative spirit, and won the prize of the “2024 Forbes China Emerging Innovators and Entrepreneurs” in the area of “Life and Health”.

Forbes China, as an internationally renowned media brand with innovation as its core, has long been deeply involved in innovation. The newly launched Award of “Innovators & Entrepreneurs” aims to discover outstanding companies and talents with high growth potential and investment value worldwide, and further promote global innovation practice. The selection process is rigorous and scientific, and through in-depth analysis and layer by layer screening of multi-dimensional criteria such as candidates’ business performance, capital market performance, industry influence, and innovation capability, each person on the list is a leader in the industry. Kelly Xu truly deserved the award.

Since founding E-Health Now in 2017, Kelly Xu has demonstrated extraordinary strategic vision and leadership. Under her leadership, E-Health Now stood out in the fiercely competitive market and quickly rose to become a benchmark enterprise in the industry. The company relies on nearly 10,000 high-quality domestic and international medical institutes and other scarce medical resources that have signed official contracts for cooperation, as well as a smart medical and health management service system that covers the entire value chain of life and health service process. Through more than 100 carefully designed medical and health online and offline products and services, the company can tailor comprehensive and personalized health solutions for insurance, banking, corporates, and individual customers with an innovative B2B2C model. At present, it has established deep strategic partnerships with over 210 insurance companies, banks, and corporate clients, completed a stable and extensive industry ecosystem cooperation network, served over 35 million end users, and thus won market recognition and user trust with its excellent services & user experience.

Kelly Xu also strategically led E-Health Now to lay out and invest in the field of artificial intelligence in 2021 with an outstanding vision. Currently, the company has successfully developed and launched 5 AI medical intelligent tools, which combined with its medical services have helped to significantly improve the efficiency and quality of medical services, reduce costs, and greatly optimize user experience, setting a new example of intelligent healthcare services in the industry. Under her leadership, E-Health Now has achieved 100% CAGR revenue growth in the past years, such extraordinary development also gained recognition from the capital market, and it has obtained investment from a series of top venture capitals such as Ventech China, GSR, Suzhou City Wujiang Venture Capital, Borchid Capital, Tongji Fund, etc.

Looking forward, Kelly Xu stated that E-Health Now would actively explore overseas markets while continuously strengthening and developing its domestic China business. The Company plans to empower overseas hospitals and insurance companies with advanced AI technology and medical solutions, and promote the cross-border flow of high-quality medical and health services. It plans to start with the Southeast Asian market, and will bring the most advanced medical and health solutions to countries such as Singapore, Thailand, Indonesia, Vietnam, and is already in discussion with potential local partners.

Kelly Xu’s inclusion in the “2024 Forbes China Emerging Innovators and Entrepreneurs” list is not only a significant affirmation of her personal career, but also a high recognition of E-Health Now’s innovative business model. It can be highly anticipated that under the leadership of Kelly Xu, E-Health Now will continue to lead on the path of innovation and entrepreneurship, create even more brilliant achievements, and inject new vitality into promoting industry development and supporting economic growth.

Company Name: E-Health Now Health Technology (Beijing) Co., Ltd
Contact Person: Ms. Luo
Email: marketing@ehealthnow.cn
Website: www.huameihaolian.com 
Telephone: +8615801167074
City: Beijing, China

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/e-health-now-founder–ceo-kelly-xu-was-honored-as-the-2024-forbes-china-emerging-innovator-and-entrepreneur-302385775.html

SOURCE E-Health Now Health Technology (Beijing) Co., Ltd

Continue Reading

Trending