Global Fire Safety Equipment Market, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Forecast to 2029
“Global Fire Safety Equipment Market” is a recent report produced by the research team at MarketResearch.biz. The global fire safety market equipment market report has been segmented on the basis of fire solution, fire detection product, fire detectors type, fire detection application, fire suppression product, fire extinguishers type, fire suppression application, and region.
Fire safety equipment is equipment specially designed to protect users from fire or to extinguish fire. Apart from fire extinguishers and fire hoses, fire safety equipment includes fire-resistant gloves, fire-resistant protective clothing, sprinklers, fire blankets, smoke alarms, communication equipment, and respirators. Fire safety equipment is used by trained firefighters as well as untrained users in emergencies at the scene of a fire. There are different classes of fire safety equipment such as class A, B, C, and D. There are also five different types of fire extinguishers such as water extinguisher, foam extinguisher, dry powder extinguisher, CO2 extinguisher, and wet chemical extinguisher. The right type of extinguisher is used for each premise. Fire safety equipment is generally used in commercial buildings, homes, hospitals, educational institutes, and manufacturing factories. In order to save users from injury, fire safety equipment offers warnings, assistance, protection, and medical support.
The major factor driving growth of the market is increasing demand for advanced fire safety equipment from various industries such as petrochemical, manufacturing, mining, utilities, energy & power, oil & gas, construction, exploration, and automotive. A number of developing, as well as developed regions such as North America, Europe, and Asia Pacific have implemented strict regulations regarding fire and safety. These regulations by governments mandate fire safety equipment installation at residential, industrial, and commercial places, which is expected to further drive demand for the product in the global fire safety equipment market over the forecast period. In addition, different reconstruction activities and installation of safety codes against fire protection are expected to increase demand for the product in the global fire safety equipment market. Technological advancements, such as water mist technology, smoke detectors, wireless alarm system, are projected to support growth of the market over the forecast period. Moreover, growing construction of different commercial spaces such as multiplexes, supermarkets, shopping malls, real estate, hypermarkets, and office buildings are also expected to support growth of the market over the forecast period as governments have made it mandate to install safety systems for these buildings. However, high initial investment costs for installation and costly replacement and maintenance services are projected to hamper demand for the product in the global fire safety equipment market over the forecast period.
Global Fire Safety Equipment Market Analysis:
Fire Solution: Among the fire solution segments, the detection segment accounts for highest revenue share in the global fire safety market currently, and is expected to continue its dominance over the forecast period. This is attributed to wide use of advanced technology in detection devices including wireless networking and wireless detection, which assist in reducing installation cost.
Fire Detection Product: Among the fire detection product segments, the detectors segment accounts for highest revenue share currently in the global fire safety equipment market, and is expected to continue to do so over the forecast period. This is attributed to stringent judicial requirements in different countries related to implementation of these devices.
Global Fire Safety Equipment Market Regional Analysis:
Among the regions, the North America fire safety market accounts for dominant revenue share in the global market currently and is expected to continue its dominance over the forecast period, which is attributable to stringent implementation of rules and regulations regarding fire and safety and rapid infrastructural developments in the region.
Global Fire Safety Equipment Market Segmentation:
By Fire Solution:
By Fire Detection Product:
By Fire Detectors Type:
By Fire Detection Application:
By Fire Suppression Product:
By Fire Extinguishers Type:
- Dry Chemical Powder
By Fire Suppression Application:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Robert Bosch GmbH
- Eaton Corp., Inc.
- Gentex Corp.
- United Technologies Corp.
- Space Age Electronics
- Halma plc.
- Siemens Building Technologies
- Hochiki Corp.
- Nittan Company, Ltd.
- Honeywell International, Inc.
- Napco Security Technologies, Inc.
- Johnson Controls
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