Fire suppression product revenues in the Americas region are forecast to top $1 billion by 2016 according to new research from IMS Research (recently acquired by IHS Inc. (NYSE:IHS)). Competition between suppression technologies continues to heat up as suppliers of water-mist, sprinkler and gaseous suppression systems look to target the same end-users as the construction market remains sluggish.
“Water-mist systems have a tough time competing with fire sprinklers and gaseous suppression systems in the U.S., particularly in land applications” comments Adi Pavlovic, report author and analyst at IHS. “The U.S. favors the use of sprinkler systems making it more difficult for high-cost water mist systems to penetrate the market. With the decline in American shipbuilding, suppliers of water-mist systems are now searching for new selling opportunities, actively going head-to-head with suppliers of other suppression systems”.
The U.S. has some of the strictest legislation put in place for use of fire suppression products. Newly constructed commercial buildings will require a portable extinguisher, and many others are required or will choose to install sprinkler, water mist, or gaseous suppression systems. These tough regulations, combined with a rebounding construction market are expected to keep the US as one of the largest purchasers of fire suppression equipment worldwide.
In its latest Fire Detection and Suppression research, IHS provides a thorough review of the various trends, economic, legislative, and technological, that shape the Fire industry.