Industry Analysis & Industry Trends
The Fire Protection Services industry generates the bulk of its revenue from the design, installation and maintenance of fire detection and suppression systems in non-residential buildings and apartments. The industry's performance over the past five years has been influenced by subdued demand from the core non-residential building markets, an upsurge in work on large-scale multi-storey apartment developments and wide fluctuations in demand from the mining and infrastructure markets. Despite the importance of prevailing trends in the downstream building markets, work on regular maintenance regimes for existing systems provides a solid platform for the industry... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Fire Protection Services industry is expected to be in the mature phase of its economic life cycle, characterised by well-established services and stable downstream demand markets. The fate of the industry is largely determined by activity in the non-residential and industrial building construction sectors and the tightening of regulations governing the installation of fire detection and suppression equipment.
Industry value added, which is indicative of the industry's contribution to the overall economy, is projected to grow by an annualised 1.2% over the 10 years through 2020-21. This falls behind the projected growth in GDP over the same period (2.6% annualised) but reflects the divergent trends across the key construction markets... purchase to read more