Global Fire Protection Systems Market by Product Type (Fire Detection, Fire Response, Fire Suppression, and Fire Analysis), by Type (Active Fire Protection Systems and Passive Fire Protection Systems), and by End user (Commercial, Industrial, Governmental, Institutional, and Others)– Global Opportunity Analysis and Industry Forecast 2021-2030.

Fire Protection Systems Market

Industry:  Semiconductor & Electronics | Publish Date: Jul 2021 | No of Pages:  284 | No. Tables:  159 | No. Figures:  129

Market Definition

The global Fire Protection Systems Market was valued at USD 96.21 billion in 2020 and is predicted to reach USD 152.88 billion by 2030 with a CAGR of 4.3% from 2021-2030.

Fire protection systems are used to suppress or control fire with the help of manual or automatic detectors. These systems are essentially installed in any building to detect, control and extinguish potential fire outbreaks. They consist of various components such as flame detectors, smoke control device, fire alarms and automatic sprinkler system, which help to alarm the building residents on time and thereby reduce the loss of properties. Apart from residential buildings, fire protection systems find application in various other sectors such as banks, institutions, mining, oil & gas, healthcare and transportation among others for safeguarding against fire.

Market Dynamics and Trends

The growth of fire protection systems market is gaining momentum due to stringent government regulation to install fire protection system in residential and non-residential buildings across the globe. In addition, oil & gas and mining industries extensively make use of materials such as petroleum, flammable gases and coal which are highly vulnerable to fire. Therefore, to prevent fire accidents there is high demand of fire protection systems in these sectors, which consequently boost the growth of the market. Moreover, rising concerns related to public safety and surge in the number of property damage cases due to fire accidents also drive the growth of the fire protection market.

For instance, in 2019, local fire department of U.S estimated that there were 1.3 million fire cases occurred alone in the U.S. These fire accidents caused 3,700 civilian deaths and estimated $14.8 million worth of property damage. Moreover, technological advancements in the industry enables the use of computer and cameras in order to see the visible effects of fire and addressable system to detect the exact location of power in the event of an incident. This in turn fuels the growth of fire protection system.

However, high initial cost and unpredicted failure of fire alarms are the factors expected to hinder the growth of the market. Also, worldwide outbreak of Covid-19 has disrupted production and supply chain of the fire protection equipment, which is expected to hamper the fire protection market growth projection during the forecast period.

 

Market Segmentations and Scope of the Study

The global fire protection systems market report is segmented on the basis of product type, type, end-user and geography. On the basis of product type, the market is divided into fire detection, fire response, fire suppression, and fire analysis. On the basis of type, the market is categorized into active fire protection systems and passive fire protection systems. On the basis of end user, the market is segregated into commercial, industrial, governmental, institutional, and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

 

Geographical Analysis

North America holds the lion's share of the fire protection systems market. This is attributed to the factors such advancement in fire protection equipment, stringent fire safety regulation and increasing construction of commercial building. Besides, rising awareness about fire safety concerns and increasing damage of properties due to fire accidents also boost the market growth in this region.

However, the Asia Pacific is expected to witness the highest growth rate during the forecast period. The growth is most likely to be fueled by the rapid industrialization, increasing construction of residential buildings and government regulation towards safety.

 

Competitive Landscape

The fire protection systems industry, which is highly competitive, consists of a few major players such as Gentex Corporation, Halma Plc., Hochiki Corporation, Honeywell International Inc., Johnson Controls International Plc., Minimax Viking GmbH, Robert Bosch GmbH, Securiton AG, Siemens AG, Raytheon Technologies, Eaton Corporation, and Carrier Global Corporation. The market players have adopted various strategies such as product launch and acquisition to maintain their dominance in the market.

For instance, in June 21, 2019, Halma Plc announced that it has acquired Ampac, which is a fire and evacuation system company in the Australian and New Zealand market. This acquisition supports Halma Plc’s strategy to grow its business internationally, strengthen its market position and enhance its fire system offering.

Also, in November 13, 2020, Johnson Controls International Plc. launched Smart Connected Fire Sprinkle Monitoring solution that has 24/7 remote monitoring capabilities, which helps to prevent system failure. This monitoring system continuously collects data such as water presence, pressure and temperature to provide proactive notification to building manager who can than quickly manage the issue.

Key Benefits

  • The global fire protection systems market report provides the quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the global fire protection systems market including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints and opportunities and their impact on the global market is provided in the report.

  • The competitive analysis of the market players along with their market share in the global Market.

  • The SWOT analysis and Porters Five Forces model is elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Fire Protection Systems Market Key Segments

By Product Type

  • Fire Detection

  • Fire Response

  • Fire Suppression

  • Fire Analysis

By Type

  • Active Fire Protection Systems

  • Passive Fire Protection Systems

By End User

  • Commercial

  • Industrial

  • Governmental

  • Institutional

  • Others

By Region

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • UK        

    • Germany        

    • France        

    • Spain        

    • Italy        

    • Netherlands        

    • Denmark        

    • Finland        

    • Norway        

    • Sweden        

    • Russia        

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Indonesia

    • Singapore

    • Taiwan

    • Thailand

    • Rest of Asia-Pacific    

  • RoW

    • Latin America

    • Middle East        

    • Africa

Report Scope and Segmentation

Parameters

Details

Analysis Period

2019–2030

Base Year Considered

2020

Forecast Period

2021–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Product Type (Fire Detection, Fire Response, Fire Suppression, Fire Analysis) By Type (Active Fire Protection Systems, Passive Fire Protection Systems) By End User (Commercial, Industrial, Governmental, Institutional, Others)

Countries Covered

28

Companies Profiled

Gentex Corporation, Halma Plc., Hochiki Corporation, Honeywell International Inc., Johnson Controls International Plc., Minimax Viking GmbH, Robert Bosch GmbH, Securiton AG, Siemens AG, Raytheon Technologies, Eaton Corporation, and Carrier Global Corporation

Test

1.... INTRODUCTION

1.1.           REPORT DESCRIPTION

1.2.           Research Methodology

1.2.1             Secondary Research

1.2.2             Data Analysis Framework

1.2.3             Market size estimation

1.2.4             Forecasting

1.2.5             Primary Research and Data Validation

2.... MARKET SNAPSHOT, 2019-2030 Million USD

2.1.           MARKET SNAPSHOT

3.... PORTER’S FIVE FORCE MODEL ANALYSIS

4.... MARKET DYNAMICS

4.1.           GROWTH DRIVERS

4.1.1             DRIVER 1

4.1.2             DRIVER 2

4.1.3             DRIVER 3

4.1.4             DRIVER 4

4.2.           CHALLENGES

4.2.1             CHALLENGE 1

4.2.2             CHALLENGE 2

4.3.           OPPORTUNITIES

4.3.1             OPPORTUNITY 1

4.3.2             OPPORTUNITY 2

5.... Global  Fire Protection Systems Market, By Product Type

5.1.           Overview

5.2.           Fire Detection

5.2.1             Fire Detection Market, By Region

5.2.1.1        North America Fire Detection Market, By Country

5.2.1.2        Europe Fire Detection Market, By Country

5.2.1.3        Asia-Pacific Fire Detection Market, By Country

5.2.1.4        Rest of World Fire Detection Market, By Country

5.3.           Fire Response

5.3.1             Fire Response Market, By Region

5.3.1.1        North America Fire Response Market, By Country

5.3.1.2        Europe Fire Response Market, By Country

5.3.1.3        Asia-Pacific Fire Response Market, By Country

5.3.1.4        Rest of World Fire Response Market, By Country

5.4.           Fire Suppression

5.4.1             Fire Suppression Market, By Region

5.4.1.1        North America Fire Suppression Market, By Country

5.4.1.2        Europe Fire Suppression Market, By Country

5.4.1.3        Asia-Pacific Fire Suppression Market, By Country

5.4.1.4        Rest of World Fire Suppression Market, By Country

5.5.           Fire Analysis

5.5.1             Fire Analysis Market, By Region

5.5.1.1        North America Fire Analysis Market, By Country

5.5.1.2        Europe Fire Analysis Market, By Country

5.5.1.3        Asia-Pacific Fire Analysis Market, By Country

5.5.1.4        Rest of World Fire Analysis Market, By Country

6.... Global  Fire Protection Systems Market, By Type

6.1.           Overview

6.2.           Active Fire Protection Systems

6.2.1             Active Fire Protection Systems Market, By Region

6.2.1.1        North America Active Fire Protection Systems Market, By Country

6.2.1.2        Europe Active Fire Protection Systems Market, By Country

6.2.1.3        Asia-Pacific Active Fire Protection Systems Market, By Country

6.2.1.4        Rest of World Active Fire Protection Systems Market, By Country

6.3.           Passive Fire Protection Systems

6.3.1             Passive Fire Protection Systems Market, By Region

6.3.1.1        North America Passive Fire Protection Systems Market, By Country

6.3.1.2        Europe Passive Fire Protection Systems Market, By Country

6.3.1.3        Asia-Pacific Passive Fire Protection Systems Market, By Country

6.3.1.4        Rest of World Passive Fire Protection Systems Market, By Country

7.... Global  Fire Protection Systems Market, By End User

7.1.           Overview

7.2.           Commercial

7.2.1             Commercial Market, By Region

7.2.1.1        North America Commercial Market, By Country

7.2.1.2        Europe Commercial Market, By Country

7.2.1.3        Asia-Pacific Commercial Market, By Country

7.2.1.4        Rest of World Commercial Market, By Country

7.3.           Industrial

7.3.1             Industrial Market, By Region

7.3.1.1        North America Industrial Market, By Country

7.3.1.2        Europe Industrial Market, By Country

7.3.1.3        Asia-Pacific Industrial Market, By Country

7.3.1.4        Rest of World Industrial Market, By Country

7.4.           Governmental

7.4.1             Governmental Market, By Region

7.4.1.1        North America Governmental Market, By Country

7.4.1.2        Europe Governmental Market, By Country

7.4.1.3        Asia-Pacific Governmental Market, By Country

7.4.1.4        Rest of World Governmental Market, By Country

7.5.           Institutional

7.5.1             Institutional Market, By Region

7.5.1.1        North America Institutional Market, By Country

7.5.1.2        Europe Institutional Market, By Country

7.5.1.3        Asia-Pacific Institutional Market, By Country

7.5.1.4        Rest of World Institutional Market, By Country

7.6.           Others

7.6.1             Others Market, By Region

7.6.1.1        North America Others Market, By Country

7.6.1.2        Europe Others Market, By Country

7.6.1.3        Asia-Pacific Others Market, By Country

7.6.1.4        Rest of World Others Market, By Country

8.... Global  Fire Protection Systems Market, By Region

8.1.           Overview

8.2.           North America

8.2.1             North America Fire Protection Systems Market, By Product Type

8.2.2             North America Fire Protection Systems Market, By Type

8.2.3             North America Fire Protection Systems Market, By End User

8.2.4             North America Fire Protection Systems, Market By Country

8.2.4.1        U.S.

8.2.4.1.1        U.S. Fire Protection Systems Market, By Product Type

8.2.4.1.2        U.S. Fire Protection Systems Market, By Type

8.2.4.1.3        U.S. Fire Protection Systems Market, By End User

8.2.4.2        Canada

8.2.4.2.1        Canada Fire Protection Systems Market, By Product Type

8.2.4.2.2        Canada Fire Protection Systems Market, By Type

8.2.4.2.3        Canada Fire Protection Systems Market, By End User

8.2.4.3        Mexico

8.2.4.3.1        Mexico Fire Protection Systems Market, By Product Type

8.2.4.3.2        Mexico Fire Protection Systems Market, By Type

8.2.4.3.3        Mexico Fire Protection Systems Market, By End User

8.3.           Europe

8.3.1             Europe Fire Protection Systems Market, By Product Type

8.3.2             Europe Fire Protection Systems Market, By Type

8.3.3             Europe Fire Protection Systems Market, By End User

8.3.4             Europe Fire Protection Systems, Market By Country

8.3.4.1        Germany

8.3.4.1.1        Germany Fire Protection Systems Market, By Product Type

8.3.4.1.2        Germany Fire Protection Systems Market, By Type

8.3.4.1.3        Germany Fire Protection Systems Market, By End User

8.3.4.2        France

8.3.4.2.1        France Fire Protection Systems Market, By Product Type

8.3.4.2.2        France Fire Protection Systems Market, By Type

8.3.4.2.3        France Fire Protection Systems Market, By End User

8.3.4.3        UK

8.3.4.3.1        UK Fire Protection Systems Market, By Product Type

8.3.4.3.2        UK Fire Protection Systems Market, By Type

8.3.4.3.3        UK Fire Protection Systems Market, By End User

8.3.4.4        France

8.3.4.4.1        France Fire Protection Systems Market, By Product Type

8.3.4.4.2        France Fire Protection Systems Market, By Type

8.3.4.4.3        France Fire Protection Systems Market, By End User

8.3.4.5        Rest of Europe

8.3.4.5.1        Rest of Europe Fire Protection Systems Market, By Product Type

8.3.4.5.2        Rest of Europe Fire Protection Systems Market, By Type

8.3.4.5.3        Rest of Europe Fire Protection Systems Market, By End User

8.4.           Asia-Pacific

8.4.1             Asia-Pacific Fire Protection Systems Market, By Product Type

8.4.2             Asia-Pacific Fire Protection Systems Market, By Type

8.4.3             Asia-Pacific Fire Protection Systems Market, By End User

8.4.4             Asia-Pacific Fire Protection Systems, Market By Country

8.4.4.1        India

8.4.4.1.1        India Fire Protection Systems Market, By Product Type

8.4.4.1.2        India Fire Protection Systems Market, By Type

8.4.4.1.3        India Fire Protection Systems Market, By End User

8.4.4.2        China

8.4.4.2.1        China Fire Protection Systems Market, By Product Type

8.4.4.2.2        China Fire Protection Systems Market, By Type

8.4.4.2.3        China Fire Protection Systems Market, By End User

8.4.4.3        Japan

8.4.4.3.1        Japan Fire Protection Systems Market, By Product Type

8.4.4.3.2        Japan Fire Protection Systems Market, By Type

8.4.4.3.3        Japan Fire Protection Systems Market, By End User

8.4.4.4        South Korea

8.4.4.4.1        South Korea Fire Protection Systems Market, By Product Type

8.4.4.4.2        South Korea Fire Protection Systems Market, By Type

8.4.4.4.3        South Korea Fire Protection Systems Market, By End User

8.4.4.5        Rest of APAC

8.4.4.5.1        Rest of APAC Fire Protection Systems Market, By Product Type

8.4.4.5.2        Rest of APAC Fire Protection Systems Market, By Type

8.4.4.5.3        Rest of APAC Fire Protection Systems Market, By End User

8.5.           Rest of World

8.5.1             Rest of World Fire Protection Systems Market, By Product Type

8.5.2             Rest of World Fire Protection Systems Market, By Type

8.5.3             Rest of World Fire Protection Systems Market, By End User

8.5.4             Rest of World Fire Protection Systems, Market By Country

8.5.4.1        Latin America

8.5.4.1.1        Latin America Fire Protection Systems Market, By Product Type

8.5.4.1.2        Latin America Fire Protection Systems Market, By Type

8.5.4.1.3        Latin America Fire Protection Systems Market, By End User

8.5.4.2        Middle east

8.5.4.2.1        Middle east  Fire Protection Systems Market, By Product Type

8.5.4.2.2        Middle east  Fire Protection Systems Market, By Type

8.5.4.2.3        Middle east  Fire Protection Systems Market, By End User

8.5.4.3        Africa

8.5.4.3.1        Africa Fire Protection Systems Market, By Product Type

8.5.4.3.2        Africa Fire Protection Systems Market, By Type

8.5.4.3.3        Africa Fire Protection Systems Market, By End User

9.... COMPANY PROFILES

9.1.           Gentex Corporation

9.1.1             COMPANY OVERVIEW

9.1.2             COMPANY SNAPSHOT

9.1.3             OPERATING BUSINESS SEGMENTS

9.1.4             PRODUCT PORTFOLIO

9.1.5             BUSINESS PERFORMANCE

9.1.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.2.           Halma Plc.

9.2.1             COMPANY OVERVIEW

9.2.2             COMPANY SNAPSHOT

9.2.3             OPERATING BUSINESS SEGMENTS

9.2.4             PRODUCT PORTFOLIO

9.2.5             BUSINESS PERFORMANCE

9.2.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.3.           Hochiki Corporation

9.3.1             COMPANY OVERVIEW

9.3.2             COMPANY SNAPSHOT

9.3.3             OPERATING BUSINESS SEGMENTS

9.3.4             PRODUCT PORTFOLIO

9.3.5             BUSINESS PERFORMANCE

9.3.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.4.           Honeywell International Inc.

9.4.1             COMPANY OVERVIEW

9.4.2             COMPANY SNAPSHOT

9.4.3             OPERATING BUSINESS SEGMENTS

9.4.4             PRODUCT PORTFOLIO

9.4.5             BUSINESS PERFORMANCE

9.4.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.5.           Johnson Controls International Plc

9.5.1             COMPANY OVERVIEW

9.5.2             COMPANY SNAPSHOT

9.5.3             OPERATING BUSINESS SEGMENTS

9.5.4             PRODUCT PORTFOLIO

9.5.5             BUSINESS PERFORMANCE

9.5.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.6.           Minimax Viking GmbH

9.6.1             COMPANY OVERVIEW

9.6.2             COMPANY SNAPSHOT

9.6.3             OPERATING BUSINESS SEGMENTS

9.6.4             PRODUCT PORTFOLIO

9.6.5             BUSINESS PERFORMANCE

9.6.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.7.           Robert Bosch GmbH

9.7.1             COMPANY OVERVIEW

9.7.2             COMPANY SNAPSHOT

9.7.3             OPERATING BUSINESS SEGMENTS

9.7.4             PRODUCT PORTFOLIO

9.7.5             BUSINESS PERFORMANCE

9.7.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.8.           Securiton AG

9.8.1             COMPANY OVERVIEW

9.8.2             COMPANY SNAPSHOT

9.8.3             OPERATING BUSINESS SEGMENTS

9.8.4             PRODUCT PORTFOLIO

9.8.5             BUSINESS PERFORMANCE

9.8.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.9.           Siemens AG

9.9.1             COMPANY OVERVIEW

9.9.2             COMPANY SNAPSHOT

9.9.3             OPERATING BUSINESS SEGMENTS

9.9.4             PRODUCT PORTFOLIO

9.9.5             BUSINESS PERFORMANCE

9.9.6             KEY STRATEGIC MOVES AND DEVELOPMENT

9.10.         Raytheon Technologies

9.10.1           COMPANY OVERVIEW

9.10.2           COMPANY SNAPSHOT

9.10.3           OPERATING BUSINESS SEGMENTS

9.10.4           PRODUCT PORTFOLIO

9.10.5           BUSINESS PERFORMANCE

9.10.6           KEY STRATEGIC MOVES AND DEVELOPMENT

9.11.         Eaton Corporation

9.10.1           COMPANY OVERVIEW

9.10.2           COMPANY SNAPSHOT

9.10.3           OPERATING BUSINESS SEGMENTS

9.10.4           PRODUCT PORTFOLIO

9.10.5           BUSINESS PERFORMANCE

9.10.6           KEY STRATEGIC MOVES AND DEVELOPMENT

9.12.      Carrier Global Corporation

9.10.1           COMPANY OVERVIEW

9.10.2           COMPANY SNAPSHOT

9.10.3           OPERATING BUSINESS SEGMENTS

9.10.4           PRODUCT PORTFOLIO

9.10.5           BUSINESS PERFORMANCE

9.10.6           KEY STRATEGIC MOVES AND DEVELOPMENT

LIST OF TABLES

TABLE 1.         Global  Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 2.         Fire Detection Market Value, By Region, 2019-2030, Million USD

TABLE 3.         North America Fire Detection Market Value, By Country, 2019-2030, Million USD

TABLE 4.         Europe Fire Detection Market Value, By Country, 2019-2030, Million USD

TABLE 5.         Asia-Pacific Fire Detection Market Value, By Country, 2019-2030, Million USD

TABLE 6.         Rest of World Fire Detection Market Value, By Country, 2019-2030, Million USD

TABLE 7.         Fire Response Market Value, By Region, 2019-2030, Million USD

TABLE 8.         North America Fire Response Market Value, By Country, 2019-2030, Million USD

TABLE 9.         Europe Fire Response Market Value, By Country, 2019-2030, Million USD

TABLE 10.       Asia-Pacific Fire Response Market Value, By Country, 2019-2030, Million USD

TABLE 11.       Rest of World Fire Response Market Value, By Country, 2019-2030, Million USD

TABLE 12.       Fire Suppression Market Value, By Region, 2019-2030, Million USD

TABLE 13.       North America Fire Suppression Market Value, By Country, 2019-2030, Million USD

TABLE 14.       Europe Fire Suppression Market Value, By Country, 2019-2030, Million USD

TABLE 15.       Asia-Pacific Fire Suppression Market Value, By Country, 2019-2030, Million USD

TABLE 16.       Rest of World Fire Suppression Market Value, By Country, 2019-2030, Million USD

TABLE 17.       Fire Analysis Market Value, By Region, 2019-2030, Million USD

TABLE 18.       North America Fire Analysis Market Value, By Country, 2019-2030, Million USD

TABLE 19.       Europe Fire Analysis Market Value, By Country, 2019-2030, Million USD

TABLE 20.       Asia-Pacific Fire Analysis Market Value, By Country, 2019-2030, Million USD

TABLE 21.       Rest of World Fire Analysis Market Value, By Country, 2019-2030, Million USD

TABLE 22.       Global  Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 23.       Active Fire Protection Systems Market Value, By Region, 2019-2030, Million USD

TABLE 24.       North America Active Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

TABLE 25.       Europe Active Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

TABLE 26.       Asia-Pacific Active Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

TABLE 27.       Rest of World Active Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

TABLE 28.       Passive Fire Protection Systems Market Value, By Region, 2019-2030, Million USD

TABLE 29.       North America Passive Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

TABLE 30.       Europe Passive Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

TABLE 31.       Asia-Pacific Passive Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

TABLE 32.       Rest of World Passive Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

TABLE 33.       Global  Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 34.       Commercial Market Value, By Region, 2019-2030, Million USD

TABLE 35.       North America Commercial Market Value, By Country, 2019-2030, Million USD

TABLE 36.       Europe Commercial Market Value, By Country, 2019-2030, Million USD

TABLE 37.       Asia-Pacific Commercial Market Value, By Country, 2019-2030, Million USD

TABLE 38.       Rest of World Commercial Market Value, By Country, 2019-2030, Million USD

TABLE 39.       Industrial Market Value, By Region, 2019-2030, Million USD

TABLE 40.       North America Industrial Market Value, By Country, 2019-2030, Million USD

TABLE 41.       Europe Industrial Market Value, By Country, 2019-2030, Million USD

TABLE 42.       Asia-Pacific Industrial Market Value, By Country, 2019-2030, Million USD

TABLE 43.       Rest of World Industrial Market Value, By Country, 2019-2030, Million USD

TABLE 44.       Governmental Market Value, By Region, 2019-2030, Million USD

TABLE 45.       North America Governmental Market Value, By Country, 2019-2030, Million USD

TABLE 46.       Europe Governmental Market Value, By Country, 2019-2030, Million USD

TABLE 47.       Asia-Pacific Governmental Market Value, By Country, 2019-2030, Million USD

TABLE 48.       Rest of World Governmental Market Value, By Country, 2019-2030, Million USD

TABLE 49.       Institutional Market Value, By Region, 2019-2030, Million USD

TABLE 50.       North America Institutional Market Value, By Country, 2019-2030, Million USD

TABLE 51.       Europe Institutional Market Value, By Country, 2019-2030, Million USD

TABLE 52.       Asia-Pacific Institutional Market Value, By Country, 2019-2030, Million USD

TABLE 53.       Rest of World Institutional Market Value, By Country, 2019-2030, Million USD

TABLE 54.       Others Market Value, By Region, 2019-2030, Million USD

TABLE 55.       North America Others Market Value, By Country, 2019-2030, Million USD

TABLE 56.       Europe Others Market Value, By Country, 2019-2030, Million USD

TABLE 57.       Asia-Pacific Others Market Value, By Country, 2019-2030, Million USD

TABLE 58.       Rest of World Others Market Value, By Country, 2019-2030, Million USD

TABLE 59.       Global  Fire Protection Systems Market Value, By Region, 2019-2030, Million USD

TABLE 60.       North America Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 61.       North America Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 62.       North America Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 63.       U.S. Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 64.       U.S. Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 65.       U.S. Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 66.       Canada Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 67.       Canada Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 68.       Canada Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 69.       Mexico Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 70.       Mexico Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 71.       Mexico Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 72.       Europe Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 73.       Europe Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 74.       Europe Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 75.       Germany Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 76.       Germany Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 77.       Germany Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 78.       France Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 79.       France Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 80.       France Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 81.       UK Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 82.       UK Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 83.       UK Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 84.       France Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 85.       France Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 86.       France Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 87.       Rest of Europe Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 88.       Rest of Europe Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 89.       Rest of Europe Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 90.       Asia-Pacific Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 91.       Asia-Pacific Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 92.       Asia-Pacific Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 93.       India Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 94.       India Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 95.       India Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 96.       China Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 97.       China Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 98.       China Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 99.       Japan Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 100.    Japan Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 101.    Japan Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 102.    South Korea Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 103.    South Korea Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 104.    South Korea Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 105.    Rest of APAC Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 106.    Rest of APAC Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 107.    Rest of APAC Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 108.    Rest of World Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 109.    Rest of World Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 110.    Rest of World Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 111.    Latin America Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 112.    Latin America Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 113.    Latin America Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 114.    Middle east  Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 115.    Middle east  Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 116.    Middle east  Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 117.    Africa Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

TABLE 118.    Africa Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

TABLE 119.    Africa Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

TABLE 120.    Gentex Corporation: COMPANY SNAPSHOT

TABLE 121.    Gentex Corporation: OPERATING SEGMENTS

TABLE 122.    Gentex Corporation: PRODUCT PORTFOLIO

TABLE 123.    Gentex Corporation: KEY STRATERGY

TABLE 124.    Halma Plc.: COMPANY SNAPSHOT

TABLE 125.    Halma Plc.: OPERATING SEGMENTS

TABLE 126.    Halma Plc.: PRODUCT PORTFOLIO

TABLE 127.    Halma Plc.: KEY STRATERGY

TABLE 128.    Hochiki Corporation: COMPANY SNAPSHOT

TABLE 129.    Hochiki Corporation: OPERATING SEGMENTS

TABLE 130.    Hochiki Corporation: PRODUCT PORTFOLIO

TABLE 131.    Hochiki Corporation: KEY STRATERGY

TABLE 132.    Honeywell International Inc.: COMPANY SNAPSHOT

TABLE 133.    Honeywell International Inc.: OPERATING SEGMENTS

TABLE 134.    Honeywell International Inc.: PRODUCT PORTFOLIO

TABLE 135.    Honeywell International Inc.: KEY STRATERGY

TABLE 136.    Johnson Controls International Plc: COMPANY SNAPSHOT

TABLE 137.    Johnson Controls International Plc: OPERATING SEGMENTS

TABLE 138.    Johnson Controls International Plc: PRODUCT PORTFOLIO

TABLE 139.    Johnson Controls International Plc: KEY STRATERGY

TABLE 140.    Minimax Viking GmbH: COMPANY SNAPSHOT

TABLE 141.    Minimax Viking GmbH: OPERATING SEGMENTS

TABLE 142.    Minimax Viking GmbH: PRODUCT PORTFOLIO

TABLE 143.    Minimax Viking GmbH: KEY STRATERGY

TABLE 144.    Robert Bosch GmbH: COMPANY SNAPSHOT

TABLE 145.    Robert Bosch GmbH: OPERATING SEGMENTS

TABLE 146.    Robert Bosch GmbH: PRODUCT PORTFOLIO

TABLE 147.    Robert Bosch GmbH: KEY STRATERGY

TABLE 148.    Securiton AG: COMPANY SNAPSHOT

TABLE 149.    Securiton AG: OPERATING SEGMENTS

TABLE 150.    Securiton AG: PRODUCT PORTFOLIO

TABLE 151.    Securiton AG: KEY STRATERGY

TABLE 152.    Siemens AG: COMPANY SNAPSHOT

TABLE 153.    Siemens AG: OPERATING SEGMENTS

TABLE 154.    Siemens AG: PRODUCT PORTFOLIO

TABLE 155.    Siemens AG: KEY STRATERGY

TABLE 156.    Raytheon Technologies: COMPANY SNAPSHOT

TABLE 157.    Raytheon Technologies: OPERATING SEGMENTS

TABLE 158.    Raytheon Technologies: PRODUCT PORTFOLIO

TABLE 159.    Raytheon Technologies: KEY STRATERGY

 

 

 LIST OF FIGURES

FIGURE 1.       Global  Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 2.       Fire Detection Market Value, By Region, 2019-2030, Million USD

FIGURE 3.       North America Fire Detection Market Value, By Country, 2019-2030, Million USD

FIGURE 4.       Europe Fire Detection Market Value, By Country, 2019-2030, Million USD

FIGURE 5.       Asia-Pacific Fire Detection Market Value, By Country, 2019-2030, Million USD

FIGURE 6.       Rest of World Fire Detection Market Value, By Country, 2019-2030, Million USD

FIGURE 7.       Fire Response Market Value, By Region, 2019-2030, Million USD

FIGURE 8.       North America Fire Response Market Value, By Country, 2019-2030, Million USD

FIGURE 9.       Europe Fire Response Market Value, By Country, 2019-2030, Million USD

FIGURE 10.     Asia-Pacific Fire Response Market Value, By Country, 2019-2030, Million USD

FIGURE 11.     Rest of World Fire Response Market Value, By Country, 2019-2030, Million USD

FIGURE 12.     Fire Suppression Market Value, By Region, 2019-2030, Million USD

FIGURE 13.     North America Fire Suppression Market Value, By Country, 2019-2030, Million USD

FIGURE 14.     Europe Fire Suppression Market Value, By Country, 2019-2030, Million USD

FIGURE 15.     Asia-Pacific Fire Suppression Market Value, By Country, 2019-2030, Million USD

FIGURE 16.     Rest of World Fire Suppression Market Value, By Country, 2019-2030, Million USD

FIGURE 17.     Fire Analysis Market Value, By Region, 2019-2030, Million USD

FIGURE 18.     North America Fire Analysis Market Value, By Country, 2019-2030, Million USD

FIGURE 19.     Europe Fire Analysis Market Value, By Country, 2019-2030, Million USD

FIGURE 20.     Asia-Pacific Fire Analysis Market Value, By Country, 2019-2030, Million USD

FIGURE 21.     Rest of World Fire Analysis Market Value, By Country, 2019-2030, Million USD

FIGURE 22.     Global  Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 23.     Active Fire Protection Systems Market Value, By Region, 2019-2030, Million USD

FIGURE 24.     North America Active Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

FIGURE 25.     Europe Active Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

FIGURE 26.     Asia-Pacific Active Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

FIGURE 27.     Rest of World Active Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

FIGURE 28.     Passive Fire Protection Systems Market Value, By Region, 2019-2030, Million USD

FIGURE 29.     North America Passive Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

FIGURE 30.     Europe Passive Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

FIGURE 31.     Asia-Pacific Passive Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

FIGURE 32.     Rest of World Passive Fire Protection Systems Market Value, By Country, 2019-2030, Million USD

FIGURE 33.     Global  Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 34.     Commercial Market Value, By Region, 2019-2030, Million USD

FIGURE 35.     North America Commercial Market Value, By Country, 2019-2030, Million USD

FIGURE 36.     Europe Commercial Market Value, By Country, 2019-2030, Million USD

FIGURE 37.     Asia-Pacific Commercial Market Value, By Country, 2019-2030, Million USD

FIGURE 38.     Rest of World Commercial Market Value, By Country, 2019-2030, Million USD

FIGURE 39.     Industrial Market Value, By Region, 2019-2030, Million USD

FIGURE 40.     North America Industrial Market Value, By Country, 2019-2030, Million USD

FIGURE 41.     Europe Industrial Market Value, By Country, 2019-2030, Million USD

FIGURE 42.     Asia-Pacific Industrial Market Value, By Country, 2019-2030, Million USD

FIGURE 43.     Rest of World Industrial Market Value, By Country, 2019-2030, Million USD

FIGURE 44.     Governmental Market Value, By Region, 2019-2030, Million USD

FIGURE 45.     North America Governmental Market Value, By Country, 2019-2030, Million USD

FIGURE 46.     Europe Governmental Market Value, By Country, 2019-2030, Million USD

FIGURE 47.     Asia-Pacific Governmental Market Value, By Country, 2019-2030, Million USD

FIGURE 48.     Rest of World Governmental Market Value, By Country, 2019-2030, Million USD

FIGURE 49.     Institutional Market Value, By Region, 2019-2030, Million USD

FIGURE 50.     North America Institutional Market Value, By Country, 2019-2030, Million USD

FIGURE 51.     Europe Institutional Market Value, By Country, 2019-2030, Million USD

FIGURE 52.     Asia-Pacific Institutional Market Value, By Country, 2019-2030, Million USD

FIGURE 53.     Rest of World Institutional Market Value, By Country, 2019-2030, Million USD

FIGURE 54.     Others Market Value, By Region, 2019-2030, Million USD

FIGURE 55.     North America Others Market Value, By Country, 2019-2030, Million USD

FIGURE 56.     Europe Others Market Value, By Country, 2019-2030, Million USD

FIGURE 57.     Asia-Pacific Others Market Value, By Country, 2019-2030, Million USD

FIGURE 58.     Rest of World Others Market Value, By Country, 2019-2030, Million USD

FIGURE 59.     Global  Fire Protection Systems Market Value, By Region, 2019-2030, Million USD

FIGURE 60.     North America Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 61.     North America Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 62.     North America Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 63.     U.S. Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 64.     U.S. Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 65.     U.S. Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 66.     Canada Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 67.     Canada Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 68.     Canada Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 69.     Mexico Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 70.     Mexico Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 71.     Mexico Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 72.     Europe Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 73.     Europe Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 74.     Europe Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 75.     Germany Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 76.     Germany Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 77.     Germany Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 78.     France Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 79.     France Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 80.     France Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 81.     UK Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 82.     UK Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 83.     UK Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 84.     France Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 85.     France Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 86.     France Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 87.     Rest of Europe Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 88.     Rest of Europe Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 89.     Rest of Europe Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 90.     Asia-Pacific Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 91.     Asia-Pacific Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 92.     Asia-Pacific Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 93.     India Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 94.     India Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 95.     India Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 96.     China Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 97.     China Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 98.     China Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 99.     Japan Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 100.  Japan Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 101.  Japan Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 102.  South Korea Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 103.  South Korea Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 104.  South Korea Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 105.  Rest of APAC Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 106.  Rest of APAC Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 107.  Rest of APAC Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 108.  Rest of World Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 109.  Rest of World Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 110.  Rest of World Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 111.  Latin America Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 112.  Latin America Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 113.  Latin America Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 114.  Middle east  Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 115.  Middle east  Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 116.  Middle east  Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 117.  Africa Fire Protection Systems Market Value, By Product Type, 2019-2030, Million USD

FIGURE 118.  Africa Fire Protection Systems Market Value, By Type, 2019-2030, Million USD

FIGURE 119.  Africa Fire Protection Systems Market Value, By End User, 2019-2030, Million USD

FIGURE 120.  Gentex Corporation: NET SALES,2018-2020

FIGURE 121.  Halma Plc.: NET SALES,2018-2020

FIGURE 122.  Hochiki Corporation: NET SALES,2018-2020

FIGURE 123.  Honeywell International Inc.: NET SALES,2018-2020

FIGURE 124.  Johnson Controls International Plc: NET SALES,2018-2020

FIGURE 125.  Minimax Viking GmbH: NET SALES,2018-2020

FIGURE 126.  Robert Bosch GmbH: NET SALES,2018-2020

FIGURE 127.  Securiton AG: NET SALES,2018-2020

FIGURE 128.  Siemens AG: NET SALES,2018-2020

FIGURE 129.  Raytheon Technologies: NET SALES,2018-2020

 

 

KEY PLAYERS

  • Gentex Corporation

  • Halma Plc.

  • Hochiki Corporation

  • Honeywell International Inc.

  • Johnson Controls International Plc.

  • Minimax Viking GmbH

  • Robert Bosch GmbH

  • Securiton AG

  • Siemens AG

  • Raytheon Technologies.

  • Eaton Corporation

  • Carrier Global Corporation


Frequently Asked Questions
What will be the worth of global Fire Protection Systems market by the end of 2030?

According to the report published by Next Move Strategy Consulting, the Fire Protection Systems market business is expected to hit at $152.88 billion (USD) by 2030.

Which region is expected to hold the highest market share in the Fire Protection Systems Market?

North America is expected to hold the highest market share in the global market. The region is expected to witness remarkable growth as it houses the major key players in the market.

Which are the top companies in the Fire Protection Systems industry?

Gentex Corporation, Halma Plc., Hochiki Corporation, Honeywell International Inc., Johnson Controls International Plc., Minimax Viking GmbH, Robert Bosch GmbH, Securiton AG, Siemens AG, Raytheon Technologies, Eaton Corporation, and Carrier Global Corporation.

What are the market segmentations and scope of the study?

The global Fire Protection Systems market share analysis is based on product type, type, end-user and geography.

How big is the Fire Protection Systems market?

In 2019, the market value stands at USD 96.21 billion and it is anticipated to reach USD 152.88 billion by 2030.