Feb 9, 2023   SOURCE: BusinessWire

Global Fire Safety Equipment Market Report 2022 to 2027: Players Profiled Include Gentex, Halma, Honeywell International and Robert Bosch - ResearchAndMarkets.com

The "Global Fire Safety Equipment Market Overview, 2022-2027" report has been added to ResearchAndMarkets.com's offering.

This report provides an in-depth market analysis of the global fire safety equipment industry. This report covers the detailed insights of the equipment based on product category- Fire Detection, Fire Alarm & Fire Suppression.

Company Profiles

  • Gentex Corp.
  • Halma PLC.
  • HOCHIKI Corporation
  • Honeywell International, Inc.
  • Napco Security Technologies, Inc.
  • Nittan Company Ltd.
  • Robert Bosch GmbH
  • Siemens Building Technologies
  • Johnson Controls
  • Eaton Corporations Plc.
  • Carrier Global Corporation

It also included insights along with the value analysis of the fire safety equipment. The report also mentions the competition of leading companies that are involved in the manufacturing of fire safety equipment. The report is classified into 5 regions and 19 countries, along with their local rules & trends.

With the increasing understanding about the hazards and the risk of the possible fire occurrence and the intensity of the loss it can bring into the life & property, the demand for fire safety equipment has inclined considerably. The overall global market registered a growth of USD 26000 Million in terms of value between the years 2016 to 2027.

The fire accidents not only cause life loss but also affect the construction quality and content, which might not result in immediate damage but can be fatal in the long run. The increasing quality of infrastructure, which requires a huge investment is to aid the fire safety equipment market to grow with an expected to grow anticipated CAGR of 5.25%.

In many cases, fire burn is not the primary cause of death, but the injuries due to asphyxiation from poisons smoke fume, heart attacks due to panic, structural collapse, etc. are the top reasons. This can be avoided beforehand with the detection of the fire indications and thus gain enough time to evacuate the building.

The market is led by the fire detection segment, which aids in identifying the fire breakout in its development stage itself. The high price and the unwanted panic created due to the false detection acts as the major market constraint in the fire detection segment. In the forecasted period, the fire alarm segment is to be the fastest-growing equipment segment, with a CAGR of 6%.

The advanced fire alarm systems are designed in a way that they pass on the detected information to the emergency responder and thus aid the control process. Fire suppression equipment is highly preferred in hotels, schools, and hospitals due to its ease of use.

The main drivers of the increase in demand for fire safety equipment in a variety of applications are the protection of human life and property from calamities caused by flames, whether they are natural or man-made. Additionally, the Asia Pacific regions growing nations, such as China and India, are experiencing rapid urbanisation and industrialization, which makes a well-established system to detect and prevent fires necessary.

Due to favourable legislation and foreign investments, India's IT and retail sectors are expanding quickly, which is driving up demand for fire safety equipment including fire alarms and extinguishers to protect people.

The implementation of fire safety equipment is required in new construction, reconstruction, and renovation projects, according to favourable government policies like China's Code of Design for Building Fire Protection and Prevention and Japan's Code of Design for Building Fire Protection and Prevention, which also has a positive impact on the industry's development. The demand from the residential sector is also anticipated to support the industry's growth owing to the rising awareness campaigns, which may be spread through basic education or/and the internet and print media.

Key Topics Covered:

1. Executive Summary

2. Report Methodology

3. Market Structure

3.1. Market Considerate

3.2. Market Definition

4. Economic /Demographic Snapshot

5. Global Fire Safety Equipment Market Overview

5.1. Market Size by Value

5.2. Market Share

5.2.1. By Product Type

5.2.2. By Application

5.2.3. By Region

5.2.4. By Country

5.2.5. By Company

6. Global Fire Detection Equipment Market Overview

6.1. Market Size by Value

6.2. Market Share

6.2.1. By Product Type

6.2.2. By Application

6.2.3. By Region

6.2.4. By Country

7. Global Fire Suppression Equipment Market Overview

7.1. Market Size by Value

7.2. Market Share

7.2.1. By Product Type

7.2.2. By Application

7.2.3. By Region

7.2.4. By Country

8. Global Fire Alarm Equipment Market Overview

8.1. Market Size by Value

8.2. Market Share

8.2.1. By Product Type

8.2.2. By Application

8.2.3. By Region

8.2.4. By Country

9. North America Fire Safety Equipment Market Overview

10. Europe Fire Safety Equipment Market Overview

11. Asia Pacific Fire Safety Equipment Market Overview

12. Latin America Fire Safety Equipment Market Overview

13. Middle East & Africa Fire Safety Equipment Market Overview

14. Market Dynamics

14.1. Key Drivers

14.2. Key Challenges

15. Market Trends and Developments

16. Company Profiles

17. Strategic Recommendations

18. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/84jf55-fire?w=4

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