The global high pressure fixed firefighting misting system market to gain from rising environmental awareness among people. Fortune Business insights has published a report, titled “High Pressure Fixed Firefighting Misting System Market Size, Share and Global Trend By Application (Industrial, Commercial, Residential) and Geography Forecast Till 2025.” According to the report, in 2017 the global high pressure fixed firefighting misting system market was worth US$ 291.5 Mn. The global market is anticipated to expand at a CAGR of 6.3% and reach US$ 472.6 Mn by the end of 2025.
According to the report in 2017 the high pressure fixed firefighting misting system market in North America was valued at US$ 156.3 Mn. Additionally, North America accounted for 53% of the global market in 2017. North America is expected to remain dominant in the global high pressure fixed firefighting misting system market through the forecast period. The National Fire Protection Association of the U.S. have specified special norms regarding high pressure fixed firefighting system. Implementation of stringent regulations aimed at improving fire safety across diverse sectors will aid the market’s expansion.
Furthermore, such initiatives are expected to raise environmental awareness around the world, pushing the demand in the global high pressure fixed firefighting misting system market. Besides this, governments in Asia Pacific region are adopting various initiatives to raise awareness and implementing strict fire protection policies. These are likely to increase the demand for high pressure fixed firefighting misting system.
Data Centers to Propel Maximum Demand for Firefighting System
In terms of application, the commercial segment emerged dominant in the global high pressure fixed firefighting misting system market in 2017. The segment accounted for 39% of the global market in 2017. Majorly the global high pressure fixed firefighting misting system market is gaining impetus due to the rising application in purposes such as Ro-Ro space of the ship and data centers. The need for high security among cloud-based service providers has shifted their focus towards high pressure fixed firefighting misting system.
This is an ideal solution for data centers as the system offers quick activation, is ecofriendly, easy installation, and others. These are a few factors facilitating faster adoption of the system across application areas. Besides this, technological advancements in the firefighting systems is also increasing their demand. For instance, Danfoss introduced a new high pressure water mist system for data centers the SEM-SAFE. The system is in-built with interlock pre-action system and has a modular design to facilitate higher security and flexible expanding. This is likely to propel demand in the global high pressure fixed firefighting misting system market.
FOGTEC, to Expand its Operations Across Regions
FOGTEC is among the leading players in the global high pressure fixed firefighting misting system market. FOGTEC water misting system is fitted in various buildings, stations, museums, and others. For instance, FOGTEC misting system protects the Tianjin Qiaoyuan Bridge Culture Museum in China. Some of the other companies operating in the global high pressure fixed firefighting misting system market are Marioff Corporation, Ultra Fog Global Service, The Danfoss Group, Tyco, Securiplex Inc., and Swastik Synergy Engineering.
KEY COMPANIES COVERED IN THE REPORT
- MARIOFF CORPORATION OY
- SWASTIK SYNERGY ENGINEERING PRIVATE LIMITED
- FOGTEC Brandschutz GmbH & Co. KG
- Ultra Fog Global Service
Browse Complete Report Details at https://www.fortunebusinessinsights.com/industry-reports/high-pressure-fixed-firefighting-misting-system-market-100159
TABLE OF CONTENT:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1. Key Market Indicators
4.2. Emerging Market Trends
4.3. Price Trend Analysis
4.4. Industry SWOT Analysis
4.5. Supply chain Analysis