Fire Suppression - Market Analysis, Trends & Forecasts
The global market for Fire Suppression Systems is projected to reach US$26 billion by 2024, driven by tightening safety regs, building codes & growing awareness over the importance of fire prevention & the adoption of fire safety measures in industrial, commercial, institutional and residential structures. So, why are more & more businesses investing in Fire Suppression? Every year fires lead to significant economic & financial losses in homes & businesses, as well as the unquantifiable social cost of injuries, and even death. In the U.S alone last year 37,000 fires in businesses were caused by electrical issues, a sobering thought considering our reliance on electricity in almost every aspect of our jobs.
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