The Latest Fire Protection Service Industry Statistics Explained
The global fire protection systems market size is expected to reach USD 114.1 billion by 2028.
The statistic suggests that the global fire protection systems market is projected to expand significantly in the coming years, with an estimated value of USD 114.1 billion by 2028. This indicates a growing demand for fire protection systems across various industries and sectors, driven by increasing awareness of the importance of fire safety measures and regulations. Factors such as urbanization, industrialization, and stringent safety standards are likely to contribute to the market growth, as businesses and organizations seek to safeguard their assets, personnel, and operations from fire-related risks. The forecasted market size signifies a substantial market opportunity for manufacturers, suppliers, and service providers in the fire protection industry to meet the evolving needs and requirements of customers worldwide.
Fire protection systems market growth is expected at a rate of 10.5% for the forecast period of 2021 to 2028.
The statistic implies that the market for fire protection systems is projected to expand at a compound annual growth rate of 10.5% during the forecast period from 2021 to 2028. This indicates a strong growth trajectory for the industry over the specified timeframe, suggesting increasing demand and adoption of fire protection systems across various sectors. Factors such as growing awareness of fire safety regulations, technological advancements in fire protection solutions, and an increasing focus on minimizing fire-related risks are likely to drive this growth. The forecasted growth rate signifies promising opportunities for businesses operating in the fire protection systems market and indicates a positive outlook for the industry in the coming years.
North America dominated the fire protection systems market with 35.6% share in 2019.
This statistic indicates that North America held a significant share, specifically 35.6%, of the global market for fire protection systems in 2019. This dominance suggests that North America played a major role in driving the demand and consumption of fire protection systems worldwide during that period. Factors contributing to this dominance could include strict fire safety regulations in North America, high awareness of the importance of fire protection measures, significant investments in infrastructure and commercial developments requiring fire protection systems, and a robust market for fire protection equipment and services in the region. As a result, North American companies likely played a key role in the manufacturing, distribution, and implementation of fire protection systems on a global scale throughout 2019.
The fire detection segment accounted for over 24% of the total market revenue in 2020.
The statistic indicates that the fire detection segment, within the broader market being analyzed, generated a significant portion of the total revenue in 2020, specifically contributing over 24%. This suggests that fire detection systems were a major driving force behind the overall market performance during that year, highlighting the importance and demand for such safety and security measures. The data points to the significance of fire detection products and services within the industry, underscoring their value and impact on the market’s financial landscape.
The fire protection system market in APAC is projected to grow at the highest CAGR during the forecast period.
This statistic indicates that the market for fire protection systems in the Asia-Pacific (APAC) region is expected to experience the highest Compound Annual Growth Rate (CAGR) among all regions throughout the forecast period. This suggests that the demand for fire protection systems in APAC is anticipated to increase at a faster pace compared to other regions, likely driven by factors such as rapid urbanization, stricter safety regulations, and increasing awareness about the importance of fire safety measures. The projected growth in the APAC market for fire protection systems highlights opportunities for manufacturers, suppliers, and other stakeholders in this industry to capitalize on the growing demand in the region.
In 2020, the U.S fire departments responded to 1,291,500 fires.
The statistic “In 2020, the U.S. fire departments responded to 1,291,500 fires” indicates the total number of fire incidents that fire departments in the United States attended to during the year 2020. This statistic gives insight into the magnitude of fire-related emergencies in the country, highlighting the crucial role played by firefighters in responding to such incidents to protect lives and property. Analyzing this data further can provide valuable information on trends in fire incidents, areas prone to fires, causes of fires, and the effectiveness of fire prevention and safety measures. Understanding these patterns can help improve fire safety strategies and allocate resources more effectively to prevent and respond to fires in the future.
Johnson Controls (US), Carrier (US), Honeywell (US), Siemens (Germany), and Halma (UK) are key players in the global fire protection system market.
The statistic mentions five key players in the global fire protection system market: Johnson Controls (US), Carrier (US), Honeywell (US), Siemens (Germany), and Halma (UK). These companies are significant players in the industry, known for their expertise and innovative solutions in providing fire protection systems. The mention of these companies suggests that they hold a notable market share and influence in supplying fire protection systems worldwide. This statistic highlights the competitive landscape of the fire protection system market and the key players driving its growth and development.
The fire analysis software market is projected to reach $3.52 billion by 2026.
The statistic “The fire analysis software market is projected to reach $3.52 billion by 2026” indicates that the market for software designed for analyzing and managing fire incidents is expected to grow significantly over the next few years. This projection suggests an increasing demand for technology solutions that help in evaluating and responding to fire emergencies. The estimated market value of $3.52 billion by 2026 underscores the potential growth opportunities in this sector, highlighting the importance of effective fire analysis tools in enhancing safety and preparedness measures.
The fire sprinkler system market is expected to register a CAGR of over 9% during the forecast period 2021 – 2026.
This statistic indicates that the fire sprinkler system market is projected to experience significant growth over the forecast period from 2021 to 2026, with a Compound Annual Growth Rate (CAGR) of over 9%. This suggests a compound annual increase of more than 9% in the market size and demand for fire sprinkler systems during this period. A CAGR is a useful metric for measuring the smooth annual growth rate of an investment or market, reflecting the consistent year-over-year growth trajectory expected in this case. The forecasted growth rate indicates a positive outlook for the fire sprinkler system industry, driven by factors such as increasing awareness of fire safety measures, stringent government regulations, and a growing emphasis on building infrastructure resilience and safety standards.
In 2021, there were estimated 29,819 fire departments in the United States.
The statistic that there were an estimated 29,819 fire departments in the United States in 2021 provides insight into the extent of fire protection services available throughout the country. Fire departments play a critical role in safeguarding lives and property from fires and other emergencies, providing emergency response, fire suppression, rescue operations, and public education. The presence of nearly 30,000 fire departments indicates a widespread infrastructure dedicated to fire protection and emergency services, reflecting the commitment and resources invested in ensuring public safety across the nation. This statistic underscores the importance of adequately resourcing and supporting fire departments to effectively respond to emergencies and protect communities.
The oil and gas industry uses the largest share of fire protection systems, with over 40% share in 2020.
The statistic “The oil and gas industry uses the largest share of fire protection systems, with over 40% share in 2020” indicates that among various industries, the oil and gas sector allocated the highest proportion of resources towards fire protection systems in 2020. This suggests that the oil and gas industry places a significant emphasis on ensuring the safety and protection of its personnel, assets, and operations from the risk of fire incidents. Given the potential hazards associated with oil and gas extraction and processing activities, such as flammable materials and high-temperature processes, it is crucial for companies in this industry to prioritize fire safety measures. The fact that over 40% of fire protection systems are utilized by this sector highlights its proactive approach to mitigating fire-related risks and protecting its operations.
Fire Protection Services in the US achieved a revenue of $52.4bn in 2021.
The statistic indicates that in the United States, the Fire Protection Services industry generated a total revenue of $52.4 billion in the year 2021. This figure reflects the combined income generated by various fire protection service providers operating within the country for that particular year. The revenue earned by the industry serves as a key indicator of the economic value and importance of fire protection services in safeguarding lives, property, and infrastructure from fire-related risks and emergencies. This statistic can help policymakers, stakeholders, and investors in assessing the industry’s financial performance, growth trends, and potential for future development and investment within the realm of fire safety and prevention.
The fire protection system industry’s annual growth was 1.9% from 2016-2021.
The statistic indicates that the fire protection system industry experienced an annual growth rate of 1.9% between the years 2016 and 2021. This means that on average, the industry’s market size or revenue increased by 1.9% each year during this period. A growth rate of 1.9% suggests that the industry has been expanding steadily over the past five years, albeit at a relatively modest pace. This information is valuable for stakeholders in the fire protection system industry, as it allows them to assess the overall health and trajectory of the industry and make informed decisions regarding investments, business strategies, and market opportunities.
As of 2021, the Fire Protection Services industry in the US has grown by 1.2% to reach a revenue of $52 billion.
The statistic indicates that the Fire Protection Services industry in the US experienced a growth rate of 1.2% in 2021, leading to a total revenue of $52 billion. This growth signifies an increase in the demand for fire protection services within the country, which could be attributed to various factors such as increased awareness of fire safety, regulatory requirements, and advances in fire prevention technology. The revenue figure of $52 billion highlights the economic significance of this industry in the United States, reflecting the substantial market size and the essential role that fire protection services play in safeguarding lives and property from the risks of fire incidents.
There are 4,991 businesses in the Fire Protection Services industry in the US in 2021.
The statistic that there are 4,991 businesses in the Fire Protection Services industry in the US in 2021 provides valuable insight into the scale and scope of this sector. This figure represents the total number of businesses operating within the industry, encompassing a range of services related to fire protection such as fire prevention, firefighting, and fire safety equipment provision. The presence of nearly 5,000 businesses highlights the significance of fire protection services in the US and suggests a competitive landscape with numerous players vying for market share. Understanding this statistic helps to contextualize the industry’s size and potential economic impact, indicating a robust market for fire protection services in the country.
The total employment in the US Fire Protection Services industry in 2021 is 140,727.
The statistic that the total employment in the US Fire Protection Services industry in 2021 is 140,727 indicates the total number of individuals who were employed within this specific sector during that year. This figure encompasses a wide range of roles and job functions within the industry, such as firefighters, fire inspectors, fire investigators, emergency medical technicians, and administrative staff. The employment data provides insight into the size and scope of the workforce dedicated to fire protection services in the United States, and can be used to assess trends, monitor changes in employment levels, and inform decision-making related to human resource management, training, and resource allocation within the industry.
The number of active fire protection systems in the commercial sector will increase by 8.1% CAGR through 2027.
The statement indicates that the number of active fire protection systems in the commercial sector is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.1% through the year 2027. This implies that each year, on average, the number of fire protection systems in commercial buildings will increase by 8.1%. This growth is projected to continue steadily over the specified period. The trend suggests a rising awareness and implementation of fire safety measures in commercial properties, which can be driven by regulatory requirements, insurance standards, and a growing emphasis on the protection of assets and individuals in these spaces.
The US Fire Protection Services industry’s market size will have a projected increase of 3.0% in 2022.
The statistic indicates that the market size of the US Fire Protection Services industry is expected to grow by 3.0% in 2022. This projection suggests that there will be an expansion in the overall value of the industry, possibly driven by factors such as increased demand for fire protection services, advancements in technology within the sector, or changes in regulations impacting the industry. This growth rate can be a positive indicator of the industry’s resilience and potential for generating revenue and providing services to meet the needs of the market in the upcoming year.
The fire alarms segment accounted for the largest market share of 24.1% in 2019.
This statistic indicates that within the overall market for fire safety and security systems in 2019, the segment related to fire alarms held the greatest share, representing 24.1% of the total market. This means that a significant portion of the market’s revenue and installations were attributed to fire alarms specifically, highlighting their importance and widespread adoption within the industry during that period. This information can be useful for companies operating in the fire safety and security sector to understand the competitive landscape and customer preferences, as well as for investors looking to assess the market opportunities and trends within this specific segment.
Conclusion
Based on the statistics presented, it is evident that the fire protection service industry plays a crucial role in ensuring the safety and security of individuals and properties. The data highlights the importance of investing in proper fire protection measures and the potential risks associated with neglecting such services. With the right awareness and resources, both individuals and businesses can greatly benefit from the expertise and services offered by professionals in the fire protection industry.
References
0. – https://www.www.gminsights.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.mordorintelligence.com
3. – https://www.www.nfpa.org
4. – https://www.www.millioninsights.com
5. – https://www.www.energiasmarketresearch.com
6. – https://www.www.marketsandmarkets.com
7. – https://www.www.ibisworld.com
8. – https://www.www.hexaresearch.com
9. – https://www.www.databridgemarketresearch.com
