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Eminent players in fire suppression market share include:
Major players are focusing on product developments and introduction of advanced technologies in existing product line to gain the competitive advantage. In 2015, Tyco introduced a new ESFR pendent sprinkler for warehouse and storage applications with an objective to expand its product portfolio.
The market size of fire suppression was valued over USD 13 billion for 2016.
The industry share of fire suppression is poised to grow at a CAGR of over 3.7% between 2017 and 2024.