Description

The European fire protection market is a conservative but large market with limited growth opportunities. To stimulate new demand and exploit opportunities that exist within various vertical applications, market participants are increasing their vertical focus, offering products and expertise specific to end-user applications. End-user markets were hit by the economic crises to a different extent. While education and healthcare remained unaffected, other verticals, including industrial and offices, were significantly impacted. Long term growth in the European fire protection market will remain conservative across all end-user segments. However, growth opportunities exist for specific applications and/ or specific geographies.