United States Fire Protection System Market Size, Share, and COVID-19 Impact Analysis, By Product (Fire Detection, Fire Response, Fire Suppression, Fire Analysis, and Fire Sprinkler System), By Service (Installation and Design Service, Maintenance Service, Managed Service, and Others), and U.S. Fire Protection System Market Insights, Industry Trend, Forecasts to 2033

United States Fire Protection System Market Insights Forecasts to 2033  

• The United States Fire Protection System Market Size Was Estimated at USD 21.52 Billion in 2023.
• The Market is Growing at a CAGR of 3.51% from 2023 to 2033
• The USA Fire Protection System Market Size is Expected to Reach USD 30.38 Billion by 2033

The United States Fire Protection System Market is Expected to reach USD 30.38 Billion by 2033, Growing at a CAGR of 3.51% from 2023 to 2033.

Market Overview

The market for fire protection systems in the United States is an industry focused on the creation, deployment, and maintenance of systems intended to identify, neutralize, and prevent fire threats.  These systems include public address and voice alarm (PAVA) systems, sprinklers, suppression systems, and fire alarms. Market expansion is fueled by fire protection systems, which include automatic sprinklers, hose reels, hydrants, extinguishers, and fire detectors. These systems are essential for managing, identifying, and warning building occupants of events. The growing popularity of wireless technologies in fire protection systems is a result of technological advancements and is expected to boost market expansion. Additionally, growing awareness of fire safety regulations across the US and the growing number of fire safety systems installed in residential, commercial, and industrial buildings constitute key growth drivers. Furthermore, government initiatives aid in market expansion. For instance, in January 2023, FEMA's U.S. Fire Administration (USFA) issued the "Executive Summary of the U.S. Fire Administrator’s Report" after the inaugural U.S. Fire Administrator’s Summit on Fire Prevention and Control in October 2022.

Report Coverage

This research report categorizes the market for the U.S. fire protection system market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the US fire protection system market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the USA fire protection system market. 

Driving Factors

The United States fire protection system market's increased emphasis on implementing cutting-edge fire protection systems across several industries is a major factor propelling the market's growth. The growing need for sophisticated fire protection systems that can offer automatic fire control and early warning during emergencies is expected to fuel the market's profitable revenue growth. Additionally, the growth of the construction sector, especially in emerging economies, is causing more active and passive fire safety measures to be installed in newly constructed buildings and structures.

Restraining Factors

The market for fire protection systems in the United States is hampered by issues like high installation and maintenance costs, low awareness in rural regions, and the uptake of substitute options such as water mist systems, which may prevent widespread acceptance.

Market Segmentation

The U.S. fire protection system market share is categorized into product and service.

• The fire detection segment anticipated for the largest market share of 47.10% in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the product, the U.S. fire protection system market is classified into fire detection, fire response, fire suppression, fire analysis, and fire sprinkler system. Among these, the fire detection segment anticipated for the largest market share of 47.10% in 2023 and is expected to grow at a significant CAGR during the forecast period. This segment is growing due to their ability to identify fires early and notify building occupants and homeowners so they have enough time to leave the property and notify authorities is the reason for the high demand for fire detection and alarm systems.

• The installation and design segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the projected timeframe.

Based on the service, the U.S. fire protection system market is divided into installation and design service, maintenance service, managed service, and others. Among these, the installation and design segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the projected timeframe. There is a robust demand for advanced fire prevention systems in the United States as a result of a significant increase in the number of new housing developments and the modification of existing structures to meet modern safety standards. The complexity of contemporary buildings has raised the need for effective fire safety solution design in order to promptly identify any incidents.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.S. fire protection system market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Hitachi Ltd.
• Honeywell International, Inc.
• Iteris, Inc.
• Eaton
• GENTEX CORPORATION
• Halma plc
• Johnson Controls
• Raytheon Technologies Corporation
• Robert Bosch GmbH
• Siemens AG
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In December 2023, Siemens Smart Infrastructure declared that more fire safety features would be added to its Building X platform, enabling real-time alerts and remote monitoring and intervention. The programs, which include Fire Manager, Fire Connect, and Fire API, would enhance user convenience and safety while saving time and resources.

Market Segment

This study forecasts revenue at U.S., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the U.S. fire protection system market based on the below-mentioned segments:

U.S. Fire Protection System Market, By Product

• Fire Detection
• Fire Response
• Fire Suppression
• Fire Analysis
• Fire Sprinkler System

U.S. Fire Protection System Market, By Service

• Installation and Design Service
• Maintenance Service
• Managed Service
• Others