The Fire Protection System industry report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the The Fire Protection System Market by region.
Key Industry Developments
- March 2020 – Johnson Controls launched corrosion solutions for fire sprinkler systems named TYCO. The product helps in expanding lifespan of wet and dry fire sprinkler systems. It also includes in-line detector that monitors system and gives early signals of corrosion.
- June 2019 – Halma plc acquired fire and evacuation systems company Ampac based-in Australia. The acquisition provided the Halma plc to expand its business across globe. Also, it will offer technological expertise and established market in Australia
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Pre-Post COVID-19 Impact on Global Fire Protection System Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Fire Protection System Market, since end-user industries were still not operating at their full capacity.
Who are the Major Fire Protection System Market Vendors?
- Johnson Controls
- Halma plc
- Hochiki Corporation
- Hitachi Ltd.
- Gentex Corporation
This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the Fire Protection System Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
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