Fire Protection Markets Increase 15% Worldwide in 2004
The markets for fire protection showed high growth rates worldwide during 2003 and 2004—mainly in China—says a recent report from German consultant Helmut Kaiser Consultancy. Moreover, it is expected to increase 6% to 15% per year until 2008, depending on the segment.
Fire-protection markets are more and more global for key applications, technologies and materials, says Helmut Kaiser, creating millions of new jobs. The market increase is being driven by more damage to assets, more fire events around the world, climate change but also new technologies and companies. The market is global for key technologies and local for most of the service and installations.
In other marketing research news from Helmut Kaiser, the consultancy reports that the world market for smoke and heat exhaust systems is anticipated to increase to an average annual rate of 6% to 10% in the next years. Helmut Kaiser estimates the total annual market to be $6.5 billions by the year 2010 and $8 billion by the year 2015.
Once again, the high growth rates are traced to the booming economies in Asia, specifically, China and India. But eastern Europe is also experiencing relatively fast development in market of smoke and heat-exhaust systems.
For more information go to www.hkc22.com/fireprotection.html .