A fire protection system is a crucial part of any fire protection infrastructure protecting any building.

The Global Fire Suppression Systems Market Report discusses the growth of the fire suppression market and answers questions such as: how much is the fire suppression system market growing? Why is it growing? What does this mean for the future of the fire protection industry?

In this blog, we will summarize some significant findings of the report and discuss what these findings could mean for the fire protection industry.

What is the Fire Suppression Systems Market Report 2022?

The Fire Suppression Market Report analyzes and forecasts the market based on:

Suppression reagent
Product
Sector
Geography

Let’s take a look at some of the report’s predictions.

The Fire Suppression System Market Will Witness Significant Growth

The fire suppression market has experienced significant growth in the past few years. In fact, in 2018, the fire suppression market was projected to reach USD 29.13 billion by 2023, at a CAGR of 4.87% between 2018 and 2023.

In 2021, the global fire suppression system market size was valued at USD 16.8 billion and is expected to witness a CAGR of 4.8% from 2022 to 2030.

What do these statistics tell us? The fire suppression system market has experienced significant growth and shows no signs of slowing; this growth will likely continue well into the 2030’s.

What Caused the Growth in the Fire Suppression Industry?

The growth can be attributed to several factors. For instance, these factors may include:

The growing importance on preventing casualties and damage to infrastructure due to fire breakouts
Rising awareness among consumers about the latest fire protection systems

Fire suppression systems can be considered one of the critical systems installed in buildings or establishments. Fire suppression systems play a vital role in protecting people and properties in the event of a fire accident.

How Did the COVID-19 Pandemic Slow the Growth of the Industry?

The 2018 Global Fire Suppression System Market Report predicted massive growth in the industry and while there was still growth, the report could not consider the effects of the COVID-19 pandemic.

The effects of the pandemic, most prevalent in 2020 and 2021, rippled throughout the fire protection industry. For instance:

Delayed Fire Suppression System Installation

The outbreak of the COVID019 pandemic caused a series of lockdowns throughout the world as part of an effort to stop the spread of the virus. These lockdowns resulted in the pause or delay of many fire suppression systems at various locations in 2020 and some of 2021.

However, as restrictions are lifted, these installations will likely be finished.

Production

The COVID-19 pandemic exposed any weak links or inefficient areas in supply chains by creating a series of issues that trickled down the chain. These issues are caused by any lockdowns, ordinances or regulations leading to a labor shortage and deficit in materials.

As a result of the pandemic, freight costs spiked, shipments were delayed and the costs of goods experienced a severe increase. The production of fire suppression equipment has been disrupted by these issues, some production activities have been suspended temporarily.

Similarly to the fire suppression system installations, the production of these systems is poised for growth once restrictions are gradually lifted and supply chains become more efficient.

Why is the Fire Suppression Industry Expected to Grow More in 2023?

An increase in demand, regulatory mandates and a growing demand for environmentally friendly systems are all contributing factors to the continuous growth of the industry. Let’s take a closer look at each of these.

Increased Demand

The Fire Suppression Market Report predicts increasing demand for fire protection systems from:

Manufacturing units
Incumbents of various industries and industry verticals, such as oil and gas, energy, and power

These industries are expected to drive the demand for fire suppression systems over the forecast period. Additionally, many system installations that were delayed during the pandemic will likely be continued throughout 2023, contributing to the increase in demand.

Regulatory Mandates

According to the Fire Suppression Market Report, regulatory mandates and the adoption of fire safety standards across the globe will contribute to the growth of the industry.

These mandates – caused by an increasing number of fire accidents – may lead to the installation of fire suppression systems in residential and commercial buildings.

Insurance Requirements

Additionally, some insurance agencies are considering making the installation of these systems mandatory before they will insure any building. This may lead to systems being installed in buildings such as:

Households
Residential apartments
Hotels
Schools
Hospitals
Restaurants
Offices

These insurance requirements will likely cause many building owners who previously did not have a fire suppression system to invest in one, driving growth in the industry.

Growing Demand for Environmentally Friendly Systems

Lastly, the Fire Suppression Market Report predicts a spike in demand for environment-friendly fire suppression systems.

These systems are most commonly used in newly constructed infrastructure, such as in residential, commercial and industrial construction.

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How to Properly Prepare for a Fire Disaster

Fire safety is important in the workplace– just like it is anywhere else. A well-developed and thought-out course of action can keep you and your peers safe.

Here are a few statistics from 2017-2019 gathered by the U.S. Fire Administration on nonresidential building fires:

108,5000 nonresidential building fires were reported to U.S. fire departments each year
Nonresidential fires caused over $2.8 billion in property loss
These fires occur mostly during the hours of 2 pm – 7 pm
The leading cause of nonresidential fires is cooking
Now that you know why you should prepare for potential office fires, let’s discuss the fire preparation measures that can help.

Let’s discuss how to properly prepare for a fire disaster.

Why Do You Need to Prepare for Potential Office Fires?

Fire damage is considered one of the most destructive elements to your commercial building because it can cause:

Disruption of business activities
Loss of business documents
Damage to property
Liability claims
Injury
And more

Fire Preparation Tips

In the wise words of Miguel De Cervantes, “To be prepared is half the victory.”

Here are a few tips on how to prepare in the event of a fire.

1. Take the proper precautions for your building.

Fire prevention programs and precautions are put in place to ensure your building remains safe in case something happens. No… we don’t mean lighting the door handles on fire or setting off smoke bombs throughout your office.

Here are some precautions you can take today.

Control smoking materials and open flames
Store flammable and combustible liquids safely
Use electrical equipment correctly
Perform housekeeping tasks regularly
Purchase fire-safe furnishings and decor
Maintain commercial kitchen exhaust systems
Control special hazards

2. Let’s Talk About Fire Safety Education

Fire prevention relies on people knowing what to do when an emergency occurs. Fear and ambiguity are not a recipe for success, however, knowledge and preparedness are.

3.Educate your staff on the proper procedure if a fire occurs.

Safety plans can be explained through training, sent via email, and be posted on walls. When building a fire safety education program, include:

How to identify and correct fire hazards
A detailed office building evacuation plan
How to use fire extinguishers
Examples of recent fires to highlight the importance of fire safety
Details of how to put out various types of fires, and when they are likely to occur

Implement Fire Protection and Life Safety systems

Fire protection shouldn’t be improvised. Put systems in place that protect the building, people, and items from fire hazards. These systems include fire alarm systems, fire suppression systems, and other building measures. There are both active and passive fire protection systems.

Active Fire Protection Systems prepare for a fire the right way

Active fire protection systems require some amount of action or motion to work efficiently. These systems can be manually operated, like a fire extinguisher, or automatic, like sprinkler systems.

Some of these systems include:

Fire/smoke alarm systems
Sprinkler Systems
Fire extinguishers
Sprinkler Systems
Firefighters are also considered active fire protection

Passive Fire Protection Systems

Passive fire protection systems compartmentalize buildings to help prevent the spread of fire and smoke from one room to another. These systems help limit the amount of damage done to a building and give the occupants more time to evacuate.

Some of these systems include:

Fire/smoke dampers
Fire doors
Firewalls/floors

Both active and passive fire protection systems can help keep your building and your employees safe from harm.

Keep Up with Inspection and Testing

Inspection and testing of fire suppression systems are crucial. To comply with NFPA 72 regulations, inspection, testing, and maintenance of your fire alarm system are required on a semi-annual basis. A well-maintained fire alarm system keeps residents and property safe.

What is a Fire System Inspection?

A fire inspection is a process in which the fire department inspects a building or property to identify and access potential fire safety hazards.

How Often Should Fire Systems Be Inspected?

According to the NFPA code, inspections of your fire and life safety systems are required to occur on a quarterly and annual basis.

A Final Word

Your building’s fire preparation plan should be well thought out and organized in advance. By doing so, you help further protect your staff, business materials, and the commercial building from the dangers of fire hazards.

Ready to Have Your Systems Inspected? Consider LSM