Fire Protection System Market Size Worth US$ 168.4 Billion by 2034 at a CAGR of 9.1% | Fact.MR Report [Yahoo! Finance]
Eaton Corporation, PLC Ordinary Shares (ETN)
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Source: Yahoo! Finance
Rockville, MD, Nov. 19, 2024 (GLOBE NEWSWIRE) -- According to an updated published research report by Fact.MR, a market research and competitive intelligence provider, the global fire protection system market is analyzed to touch a value of US$ 70.48 billion in 2024 and is further projected to expand at an excellent CAGR of 9.1% between 2024 to 2034. IoT, AI, and smart technology are widely combined by key players to make them more intelligent and responsive. Smart detectors identify fires before they get out of control by analyzing environmental data, and IoT-enabled devices allow for real-time system monitoring and communication. AI-driven fire analytics improves preventive efforts by evaluating potential fire risks using predictive algorithms. It is becoming feasible to oversee fire safety at multiple locations remotely and easily due to wireless monitoring technologies. Combining these advancements improves the accuracy and speed of fire detection and prevention while lowerin
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