Fire Suppression Systems Market to Reach $1.6 Billion by 2014, According to New Report by Global Industry Analysts

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Rising incidence of fire-related mishaps, growing demand for safety in industrial settings, and technological innovations are major driving forces for fire suppression systems. The market for the safety systems in North America and Europe is projected to total $1.6 billion by 2014.

Fire Suppression Systems: A North American & European Market Report

Demand for active and passive fire suppression with right combination of information technologies and services is necessitated by the increasing deaths caused by fire accidents. Supported by segments such as material science, nanotechnology, maintenance and service, along with stringent regulations, the fire protection sector is set to witness rapid expansion. Greater industrial safety requirements and technological advancements are expected to boost market for fire suppression systems, offering vast opportunities for companies that provide comprehensive solutions. Rising levels of industrial investments are also expected to be favorable for fire suppression systems market.

North America and Europe are expected to continue posting steady growth, driven by adoption of novel technologies and for addressing environmental concerns, as stated in a new report by Global Industry Analysts, Inc. The need to comply with mandatory safety guidelines for residential and non-residential buildings, both existing and new, is a major contributor to the market's growth in North America. In particular, demand is rising for fire suppression systems that not only comply with building codes but also ensure environmental integrity.

Product differentiation and innovation are key strategies for survival in a market characterized by maturity and price sensitivity. Key players profiled in the report include 3S Inc, A & M Fire & Safety Equipment Inc, Adams Fire Protection Inc, American Fire Technologies, ANSUL Inc, Fire Control Systems Inc., General Fire Extinguisher Service Inc., Globe Technologies Corp., Heiser Logistics Inc., Haines City Fire Extinguisher Service Inc., Koorsen Fire & Security Inc., Peripheral Manufacturing Inc., PYRO-CHEM, Safety Systems Inc., T & S Fire and Security Inc., and Russellfire Limited, among others.

"Fire Suppression Systems: A North American & European Market Report" published by Global Industry Analysts, Inc., provides a review of key market issues and trends, product introductions, and recent industry activity. Analysis is provided for the time period 2006-2015 for established and emerging markets including North America (United States and Canada), and Europe (France, Germany, Italy, United Kingdom, Spain and Rest of Europe). Product segments analyzed include Water Based Systems, Gaseous Based Systems and Specialty Systems.

For more details about this research report, please visit http://www.strategyr.com/Fire_Suppression_Systems_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press (at) StrategyR (dot) com
Web Site http://www.StrategyR.com

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