Fire safety systems are equipment, devices, systems used to detect fire, extinguish a fire control smoke and Active an alarm to ensure the safety of the people and reduce the Major loss due to the fire. Fire safety systems and equipment are necessary for factories, public places, transportation and living areas.
The Middle East and Africa Fire Safety System Segments Size & Growth:
The Middle East and Africa fire safety systems Market are expected to increase by an $ XX billion by 2024 at a CAGR of 8%. Innovations in the wireless sensor networks, increases in mandatory rules from the government, improvised HMI solution are the factors leading to growth. Safety system products in various application such as goods and retail, manufacturing etc are also the key drivers for the market.
The Middle East and Africa Fire Safety System Market Segments Share:
The Middle East and Africa fire safety systems market are segmented into
the product which includes fire detection, fire analysis, fire management, fire reaction. Among these fire, detection holds the largest share due to the presence of many innovative IOT technologies for fire detection. Based on the service, Fire safety systems are subdivided into maintenance, managed services, engineering services, installation and design services. The installation has the largest share due to the high cost. Technology segment Active Fire Safety Systems and Passive Fire Safety Systems.
Hospital and Manufacturing sectors hold the highest market for the huge traffic of people Increasing oil and gas projects in West Africa coupled with pre-planned offshore projects initiated by governments of several economies is expected to augment fire safety system market growth.
The Middle East and Africa Fire Safety System Market Trends:
- Soundwave fire extinguisher and water mist systems are the newly introduced fire safety technologies to prevent fire accidents.
- Gentex Corporation, a global leader in personal protection and situational
awareness solutions for global defense, emergency response and industrial safety markets has completed the acquisition of Aegisound, LLC.
Hochiki strengthened its position with the acquisition of Italian fire and security company
The Middle East and Africa Fire Safety System Market Research Report:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Johnson Controls
- Hochiki Corporation
- Halma PLC
- Gentex Corporation
- Honeywell Corporation Inc.
