Latin America Fire Protection Systems Market: JSBMarketResearch
Fire protection and detection technologies emerged in the market for identifying the presence of fire, heat, smoke. It indicates an emergency in case of fire through the wide range of products and services. The fire protection market is growing rapidly with substantial developments in verticals like oil, gas & mining, energy & power, and manufacturing. Latin America has a good potential market share after North America and Europe region. Fire Protection Systems is the emerging market with immense growth because of the higher safety regulations being implemented by the government in Latin American region especially in the countries like Brazil, Mexico, and Colombia. The rise in demand is also due to high urbanization rate followed by significant growth in new construction, and a strong need to protect people, assets and environment from unanticipated fire accidents.
The fire detection products of FPS are growing majorly with the greater usage and benefits from the fire mapping and simulation software for analysing the fire events in various verticals. This report is fragmented into vertical, type, and country. The industry verticals for the FPS market include: BFSI, Consumer Goods and Retail, Energy and Power, Government, Manufacturing, Oil, Gas and Mining and other verticals. It also has services and components under its type. Services include: Engineering Services, Installation and Design, Service and Maintenance, Managed Services, and other services. Whereas components include: Fire detection, Fire response, Fire management, and Fire Analysis. Countries include Brazil, Mexico, and Colombia.
In 2014, the Latin America Fire Protection Systems market is dominated by Bosch Security Systems, Tyco, Honeywell, Edwards-United Technologies Corporation (UTC), and Siemens wherein Tyco and Honeywell being the important players. The market share in Latin American region by these two players are captured by introducing more innovative products and consistently integrating emerging technologies with the product and services.
In 2014, Latin America FPS market would grow with revenue of $827.8 million and is expected to reach $1392.5 million by 2019 with CAGR 13.5%.
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Reasons To Buy
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), top players in Latin America, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the Latin America Fire Protection Systems market, high-growth countries and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market, share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on Fire Protection Solutions offered by the top 5 players in the Latin America Fire Protection Systems Market .
Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the Latin America Fire Protection Systems Market.
Market Development: Comprehensive information about lucrative emerging markets
The report analyses the markets for various Fire Protection Systems across Latin American region.
Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the Latin America Fire Protection Systems
Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading players in Latin America Fire Protection Systems market.
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