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European Market for Fire Suppression Systems Exhibits Resilient Growth - The European fire suppression systems market continues to expand with sound underlying drivers ensuring its healthy growth well into the long term
European Market for Fire Suppression Systems Exhibits Resilient Growth

 

NewswireToday - /newswire/ - London, United Kingdom, 2008/04/24 - The European fire suppression systems market continues to expand with sound underlying drivers ensuring its healthy growth well into the long term.

   
 
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In addition to Eastern Europe's growing national economies, the market has benefited from a variety of factors including a move to more environmentally friendly solutions, a robust construction sector and a close association with significant industries.

New analysis from Frost & Sullivan (buildingtechnologies.frost.com), European Fire Suppression Systems Markets, finds that the market earned revenues of $603.4 million in 2007 and estimates this to reach $805.8 million in 2014.

"The two dominant drivers of the European fire suppression systems market are construction and industry investment," notes Frost & Sullivan Research Analyst Niles Newberry. "The growth of gas fire suppressing systems is closely linked to the increasing demand from industrial and ICT applications. Examples of these growing applications include investment in LPG terminals, the protection of mobile phone masks and manufacturing process control systems."

Specific sectors of the construction industry generate more demand for fire suppressing systems than others. For example, very few fire suppression systems are installed in dwellings despite that residential construction and renovation accounted for 47.7 per cent of the construction industries output in 2005 (Euroconstruct). Instead, the most appropriate sectors of the construction industry are non-residential construction and renovation, which accounted for 31.1 per cent of construction output in 2005. The increasing construction of warehouses is particularly significant because of the strong growth and the common adoption of sprinkler systems.

However, environment concerns continue to be a key issue for the European market, particularly clean agent systems. HFC compounds, which largely replaced Halons, are now under scrutiny due to their extremely high global warming potential.

"While these gases were promoted as environmentally sound with no ozone depleting potential, they are found to have a long atmospheric life and a very high global warming potential (GWP)," says Newberry. "For example, HFC-227 has an atmospheric life of 31-42 years and GWP 3,500 times that of carbon dioxide over a 100-year period."

While environmentally friendly alternatives are available, they remain considerably more expensive. For example, a fluorinated ketone has a similar effectiveness but is approximately 50 per cent more expensive. Inert gas mixtures are less effective and require much more space. Hence, system manufactures and agent producers are focusing on developing cost-effective environmental solutions.

If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an outline of the European fire suppression systems markets, then send an email to Chiara Carella, Corporate Communications, at chiara.carella[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.

European Fire Suppression Systems Markets is part of the Building Management Technologies Growth Partnership Service programme, which also includes research in the following markets: North American Fire Suppression Systems Markets, European Fire Detection Equipment Markets and North American Fire and Smoke Detection Devices Markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Growth Team Membership empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

European Fire Suppression Systems Markets M1A9

 
 
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European Market for Fire Suppression Systems Exhibits Resilient Growth

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Frost & Sullivan |
Publisher Contact: Chiara Carella 
+44 (0) 20 7343 8314 chiara.carella[.]frost.com
 
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