This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Code Requirements And The Need To Protect Life And Property Stoke The North American Fire And Life Safety Market, Finds Frost & Sullivan

MOUNTAIN VIEW, Calif., April 12, 2012 /PRNewswire/ -- The strict enforcement of safety codes requiring all industrial and commercial buildings in North America to install systems for quick detection and suppression of fires has created a robust market for fire and safety systems. Existing buildings undergoing renovation also need to upgrade or replace existing systems to comply with current codes aimed at protecting building occupants and the building itself.

New analysis from Frost & Sullivan's ( http://www.buildingtechnologies.frost.com) North American Fire and Life Safety Market research finds that the market earned revenues of more than $2.10 billion in 2010 and estimates this to reach $2.37 billion in 2015.

If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at britni.myers@frost.com, with your full name, company name, job title, telephone number, company email address, company Web site, city, state and country.

The market got a boost from the enforcement of National Fire Protection Association (NFPA) standards, which ensure that buildings are equipped with adequate fire and life safety equipment.

Additionally, insurance companies often offer incentives to building owners for installing systems that meet more than just the minimum requirements, further driving growth in the fire and life safety market.

"The building and fire codes also mandate that systems are inspected at least once a year," said Frost & Sullivan Research Analyst Alejandra Lozano. "These periodic inspections sometimes lead to system replacement, driving revenue growth in the market."

System manufacturers tend to be cautious despite the scope of the market, as the decline in construction activity and intense price competition limits the market's growth. The last few years during the economic downturn have been particularly tough on system manufacturers, with end users scrutinizing every purchase and demanding cost-effective systems that also meet all code requirements.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,120.01 +39.87 0.22%
S&P 500 2,119.90 +2.21 0.10%
NASDAQ 5,095.0550 +2.97 0.06%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs