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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

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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.

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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. 

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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.

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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.

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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/

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Systech Launches UniSecure artAI, an AI-Powered Authentication Solution for the Life Sciences and Pharmaceutical Industries

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DOWNERS GROVE, Ill., Feb. 26, 2025 /PRNewswire/ — Systech, part of Markem-Imaje and Dover and a leading provider of digital identification and traceability software solutions, today announced the launch of UniSecure artAI™, a transformative AI-powered authentication solution designed to safeguard brands, ensure packaging quality and protect patients. As a fully cloud-based Software as a Service (SaaS) solution, artAI leverages existing packaging artwork and AI applications — like machine vision, machine learning and neural networks — to deliver real-time results and forensic analytics that help combat critical challenges for life sciences companies and pharmaceutical brands. 

“We are thrilled to introduce artAI, a ground-breaking offering that underscores our commitment to providing cutting-edge solutions to challenges ranging from counterfeiting and diversion to upholding the highest level of quality,” said Sreedhar Patnala, General Manager, Systech. “artAI enables brands to quickly identify and resolve issues and roll out packaging quality checks and counterfeit protection at scale. It is easy to use, does not require packaging changes, can be deployed rapidly and provides immediate value.”

Counterfeit medicine trafficking is one of the world’s fastest-growing criminal enterprises, with the illicit, fraudulent or substandard drug market generating up to an estimated $432 billion each year, according to the National Institutes of Health. Brands also face the challenge of false counterfeits due to flaws in packaging quality inspection. artAI serves dual functionality by enabling detection of these issues before the product is shipped and delivering corrective analytics for quality control.

artAI uses advanced machine vision and machine learning to create a digital blueprint of key packaging artwork features, enabling precise verification and quality inspection through pattern recognition. The solution includes an easy-to-use mobile application for simple product scanning and a robust forensic platform to quickly get to the root of the problem. With advanced analytics and reporting, artAI significantly reduces the resources required to identify and resolve critical issues.

Key benefits:

Fast deployment & real-time detection: Uses existing packaging to inspect products immediately; no hardware integration required.Unparalleled forensic intelligence: AI-powered forensic tools and reporting provide extensive data to investigate packaging issues and supply chain threats while providing actionable, robust analytics.Retroactive & proactive protection: Products already in the marketplace are automatically protected under the brand protection program, while production inline applications for quality inspection provide coverage before products are shipped.Carbon footprint reduction: A centralized platform removes the need to ship physical samples or deploy additional forensic resources.

With artAI, brand protection and quality assurance teams can digitize processes, significantly reduce resources and enable rapid return on their investment while keeping patients safe. For more information about artAI, please visit systechone.com.

About Systech:

Systech provides digital identification and traceability solutions that establish essential product data, ensure digital connectivity, and enable real-time insights on the packaging line and throughout the supply chain. With decades of experience in pharmaceutical packaging execution and serialization, Systech offers comprehensive, easily configured, turnkey software solutions with reliable implementation and expert support. Global brands across industries rely on Systech’s platform to help them achieve their objectives in compliance, resiliency, sustainability, and digital transformation. Systech is a leading brand of Markem-Imaje®, a global product identification, packaging intelligence, and connected product solutions provider and a part of Dover Corporation. Visit www.systechone.com for further information.

About Markem-Imaje:

Markem-Imaje, a wholly owned subsidiary of the US-based Dover Corporation is a trusted world manufacturer of product identification and traceability solutions, offering a full line of reliable and innovative inkjet, thermal transfer, laser, and print and apply label systems. Markem-Imaje provides global reach to over 50,000 customers with 30 subsidiaries, 6 technology centers, several equipment repair centers and manufacturing plants with the most comprehensive marking and coding portfolio available in the marketplace. Visit www.markem-imaje.com for further information.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.” Additional information is available at dovercorporation.com.

Systech Contact:
Jim Waters
(609) 395-8400
pr@systechone.com

Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
asakowicz@dovercorp.com

Dover Investor Contact:
Jack Dickens, VP, Investor Relations
(630) 743-2566
jdickens@dovercorp.com

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SOURCE Dover

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OUTFRONT Media Chief Financial Officer Matthew Siegel to Participate in the Morgan Stanley Technology, Media & Telecom Conference

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NEW YORK, Feb. 26, 2025 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) announced today that Matthew Siegel, Executive Vice President and Chief Financial Officer, is scheduled to present at the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 3, 2025 at 7:05 p.m. Eastern Time. A live and replay audio webcast will be available on the investor relations section of the Company’s website at www.outfront.com

About OUTFRONT Media Inc.
OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in the United States. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.

Contacts:

Investors

Media

Stephan Bisson

Courtney Richards

Investor Relations

Communications & Event Manager

(212) 297-6573

(646) 876-9404

stephan.bisson@outfront.com 

courtney.richards@outfront.com 

 

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SOURCE OUTFRONT Media Inc.

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Connecticut Innovations to Host Talent Fair to Connect Local Students with Startups

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Opportunity for local students eager to join Connecticut’s entrepreneurial ecosystem to engage and network with the state’s most innovative startups

NEW HAVEN, Conn., Feb. 26, 2025 /PRNewswire-PRWeb/ — Connecticut Innovations (CI), Connecticut’s strategic venture capital arm, will host its first talent fair on Thursday, February 27, 2025, from 1:00 p.m. to 4:30 p.m., at District New Haven, to connect a select group of its portfolio companies with top talent from surrounding universities.

Students who attend the fair will hear from a panel of early-stage founders, network with CI portfolio companies actively hiring Connecticut-based talent, and participate in activities, including career development workshops, local giveaways and professional headshot sessions.

The afternoon will also feature interactive booths from the CI companies and a keynote address from Dr. Laurie Santos, a Yale University professor and founder/host of The Happiness Lab podcast, which is based on the psychology class she teaches, the most popular class in the university’s 300-year history.

“We’re excited to offer this great opportunity for local students to engage directly with some of the most promising new companies in our state,” said Bo Bradstreet, talent acquisition director at Connecticut Innovations. “We look forward to helping to create connections that will enhance Connecticut’s innovation ecosystem.”

Who should attend the talent fair? Undergraduate and graduate students interested in becoming part of Connecticut’s dynamic startup community, or those interested in entrepreneurship, innovation or venture capital, are encouraged to attend. For more information and a list of CI companies participating in the fair, visit here.

To register, visit here. Admission is free.

About Connecticut Innovations:
Connecticut Innovations (CI) is Connecticut’s strategic venture capital arm and is the leading source of financing and ongoing support for innovative, growing companies. By offering equity and debt investments, strategic guidance and introductions to valuable partners, we help promising businesses to thrive. For more information, please visit http://www.ctinnovations.com.

Media Contact

Lauren Carmody, Connecticut Innovations, 203.232.2022, Lauren.Carmody@ctinnovations.com, https://ctinnovations.com

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SOURCE Connecticut Innovations

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