Fire Suppression Equipment Market projected to experience growth at a CAGR of 4.7% from 2020 to 2027

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Introduction
Global Fire suppression equipment market size was
valued at 24.9 billion in 2019 and is
anticipated to generate 32.9 billion by 2027.
The market is projected to experience growth at a
CAGR of 4.7 from 2020 to 2027. The global fire
suppression equipment market is consolidated in
nature and is growing at a considerable rate. The
fire suppression equipment demand is rising as
there is increase in fire incidents in various
industries such as oil gas, mining, commercial,
residential, healthcare and other sectors. 
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The global market is segmented based on equipment
type, fire type, application, and region.
Region-wise, the fire suppression equipment
market analysis is done across North America,
Europe, Asia-Pacific, and LAMEA (Latin America,
Middle East, and Africa). The impact of COVID-19
outbreak led to slow down in the market growth
however, various fire incidents took place during
the pandemic and thus, the need for fire
suppression equipment increased and is also
expected to witness growth. 
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Key Benefits

• The report provides an in-depth analysis and fire
  suppression equipment market forecast along with
  the current and future market trends
• This report highlights the key drivers,
  opportunities, and restraints of the market along
  with the impact analyses during the forecast
  period
• Porters five forces analysis helps analyze the
  potential of the buyers suppliers and the
  competitive scenario of the fire suppression
  equipment industry for strategy building
• A comprehensive analysis of the factors that
  drive and restrain the fire suppression equipment
  market growth is provided
• The qualitative data in this report aims on
  market of fire suppression equipment/system
   trends, dynamics, and developments 

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Key Market Players

• Semco Maritime A/S
• Siemens Ag
• Halma Plc
• Gentex Corporation
• Hochiki Corporation
• Johnson Controls International Plc
• Consilium Marine Safety Ab
• Carrier Global Corporation
• Robert Bosch Gmbh
• Honeywell International Inc.

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