Fire Suppression Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global fire suppression market to grow at a CAGR of 10.16 % during the period 2017-2021 .
According to the report , the implementation of stringent fire safety regulations across developed regions like North America and Western Europe will contribute to market growth . Awareness initiatives by the federal governments across different regions will encourage fire prevention measures .
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Further , the report states that fire suppression products necessitate continuous training and awareness programs , which poses a challenge for various industries . On a global level , about 90 % of all fire-related incidents can be controlled if the correct fire suppression system is deployed in the process . Fire suppression products require training on their use in various classes of fires . Depending on the source of the fire , a particular type of extinguishers must be used . Therefore , it is important to know the different types of fire to deploy fire suppression products adequately .
About Fire Suppression
The global fire suppression market is witnessing a positive growth due to the increase in demand from residential and non-residential end-users . Fire suppression products can be segmented into fire extinguishers and fire sprinklers . The market is witnessing demand due to several factors like stringent safety regulations that are deployed by governments across regions such as EMEA , APAC , and the Americas . There are several factors concerning fire disasters witnessed throughout countries , which drive the implementation of certain fire safety measures .
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Covered in this report
The report covers the present scenario and the growth prospects of the global fire suppression market for 2017-2021 . To calculate the market size , the report considers the revenue generated from the sales of fire suppression products .
The market is divided into the following segments based on geography :