Fire Protection System Market Size, Share & Trends Analysis growing at a CAGR of 6.6% from 2025 to 2030
The global fire protection system market size was estimated at USD 88,945.0 million in 2024 and is projected to reach USD 130,369.2 million by 2030, growing at a CAGR of 6.6% from 2025 to 2030. Introduction of strict fire prevention and control requirements by governments throughout the world, the need for fire detection systems in commercial applications across facilities including hospitals, educational institutions, and government offices is growing.
Key Market Trends & Insights
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, Canada is expected to register the highest CAGR from 2025 to 2030.
- In terms of segment, product accounted for a revenue of USD 64,630.8 million in 2024.
- Product is the most lucrative components segment registering the fastest growth during the forecast period.
Market Size & Forecast
- 2024 Market Size: USD 88,945.0 Million
- 2030 Projected Market Size: 130,369.2 Million
- CAGR (2025-2030): 6.6%
- North America: Largest market in 2024
Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/fire-protection-systems-market/request/rs1
Demand for fire alarm and detection systems in commercial applications is predicted to increase as a result of rising investments made by businesses in protecting infrastructure and minimizing a loss of property and life across various applications.
The market is anticipated to be driven by elements such as simple accessibility of technologically upgraded equipment and sophisticated networking capabilities that allow effective communication between fire detection solutions and fire suppression systems. However, lockdown during COVID-19 pandemic have unquestionably had an impact on a market for fire alarms and detection systems.
Furthermore, owing to the rise in the number of COVID-19 cases due to the second wave of the outbreak, a partial lockdown in several countries was observed. This resulted in a further reduction in production of new fire protection systems. The market was also negatively impacted by the supply chain disruption across countries and regions. Growing urban population and need to safeguard life and environment from fire emergencies are expected to boost demand for fire protection systems.
The relatively mature market is likely to be driven by a rising number of laws and regulations mandating installation of fire safety equipment across several industries and sectors over the forecast period. Factors such as easy availability of technologically advanced equipment and advanced networking capabilities that allow efficient communication between fire detection solutions and fire suppression systems or solutions are also expected to drive the market growth. Rising use of the Internet of Things (IoT) technology for interconnecting a variety of devices or objects in smart building systems, increasing demand for analyzing fire and security risks associated with a building through research prior to building structure design, and continuing need for communicating with building occupants in emergency situations are some of the key trends driving industry demand.
