Industry Analysis & Industry Trends
The Fire Protection Services industry has simultaneously benefited and suffered as a result of its dependence on its key downstream markets. Activity in its principal source of revenue - the commercial and industrial building construction sectors - has been volatile, with the global financial crisis taking its toll on new project commencements as investor confidence plunged and wholesale funding costs rose. This had a negative effect on industry revenue, as evidenced by successive revenue declines between 2008-09 and 2010-11. Activity in the commercial construction sector has since recovered, particularly in the office, retail and hotel segments... purchase to read more
Industry Report - Starting a New Business Chapter
The Fire Protection Services industry is considered to have moderate barriers to entry, due mainly to the high level of competition and the regulatory environment.
Participants operating in the industry must hold appropriate certification based on the specific services they provide. For example, industry contractors are required to have specialist certification to design and install particular types of fire protection and security systems. Most independent operators enter the industry with base trade qualifications in the electrical and mechanical area, which makes post-graduate certification relatively easy... purchase to read more