Fire Protection System Market Worth $92.1 Billion USD by 2027 - Exclusive Report by MarketsandMarkets™
CHICAGO, Oct. 21, 2022 /PRNewswire/ -- Fire protection system market size is projected to grow from USD 66.8 billion in 2022 to USD 92.1 billion by 2027 at CAGR of 6.6% during the forecast periodaccording to a new report by MarketsandMarkets.
- CHICAGO, Oct. 21, 2022 /PRNewswire/ -- Fire protection system market size is projected to grow from USD 66.8 billion in 2022 to USD 92.1 billion by 2027 at CAGR of 6.6% during the forecast periodaccording to a new report by MarketsandMarkets.
- Sprinkler systems comprise a network of pipes in the walls and ceilings with sprinkler heads, providing protection to hallways, rooms, stairways, and other building areas.
- A fire sprinkler system is a fire protection system consisting of fire sprinkler heads, alarm test valves, alarm valves, stop valves, and motorized alarm bells.
- North America is expected to hold a substantial share of the global fire protection market during the forecast period.