Fire Safety Equipment Market is expected to grow at a CAGR of 5.9% during the forecast period. Global Fire Safety Equipment Market is expected to reach US$ 70.90 Bn. by 2029.Fire Safety Equipment Market Overview:
Fire safety equipment is equipment that is specifically designed to protect or extinguish a fire. Fire safety equipment includes fire-resistant gloves, fire-resistant protective gear, sprinklers, fire blankets, smoke alarms, communication equipment, and respirators, in addition to fire extinguishers and fire hoses. In an emergency at the scene of a fire, both trained firefighters and unskilled users use fire safety equipment. Fire safety equipment is divided into four categories: class A, B, C, and D. Water extinguishers, foam extinguishers, dry powder extinguishers, CO2 extinguishers, and wet chemical extinguishers are among the five types of fire extinguishers available.To know about the Research Methodology :- Request Free Sample Report
Fire Safety Equipment Market Dynamics:
Advanced technologies like nanotechnology, human-machine interface solutions, and smart buildings are expected to enter the fire safety equipment industry in the near future. Advanced sensors have recently been developed, which aid in relaying correct data to control units. The use of sophisticated sensors and detectors, as well as their communication with remote users via WAN/LAN networks, has increased the demand for fire safety and protection systems around the world. As a result of regulatory bodies' strict building and safety codes, industries all over the world have noticed that fire accident not only endanger human life and property, but also make sustainable businesses unprofitable, to the point where investing in fire safety and protection equipment is a more viable option. It should be mentioned, however, that inconsistency in the application of fire safety codes in some parts of the world has hampered the overall growth of the fire safety equipment market. Furthermore, rising maintenance and replacement prices of fire safety and protection equipment deter potential purchasers, making it critical for manufacturers to deliver their goods at a competitive price while maintaining acceptable quality requirements. This is a big problem for small manufacturers all around the world since they must compete to stay in business. End-users confront a unique barrier as a result of the complexity of integrating fire detection systems with other fire detection or suppression systems, which necessitates learning to use numerous interfaces. The ability to transport fire extinguishing equipment improves product use. Advanced fire alarm systems include elements such as photoelectric detectors and other benefits. Both of these characteristics are likely to inspire potential users to invest in fire safety and protection equipment for use in industrial, commercial, and residential settings.Fire Safety Equipment Market Segment Analysis:
The market segment of the Global Fire Safety Equipment Market is segmented into Application Insight and Solution Insight. Based on the application, the market is segmented into three segments: residential, commercial, and industrial. With a revenue share of approximately 44% in 2021, the industrial application segment led the market. Oil and gas, transportation, energy and electricity, and manufacturing are all included in this category. Because of the significant danger inherent in this industry, these sectors place a premium on the installation of fire protection equipment. Because combustible products are used in the oil and gas industries, fires are common. In addition, government rules aimed at protecting workers from fires are driving up demand for fire safety equipment. Over the forecast period, the residential segment is expected to have the highest CAGR xx%. Because of rising knowledge of fire safety equipment and its benefits, as well as growing infrastructure development in developed and emerging countries, the demand for fire safety equipment has expanded dramatically in recent years. Based on solutions, the market is segmented into Detection and Suppression. Increased policies, regulations, and government requirements, as well as the use of advanced technology in detecting equipment, helped fire detection to dominate the market and account for more than 60% of global revenue in 2021. Furthermore, the rising number of fire incidents around the world has required the adoption of fire safety devices. From 2021 to 2029, the fire detection segment is expected to grow at the fastest rate of 7.4%. During the projection period, demand for the market would be boosted by the rapid development of commercial construction and the expansion of smart city projects. Furthermore, higher consumer expenditure on construction activities due to increased disposable income and improved awareness of fire detectors will propel the market forward.
Fire safety equipment market Regional Insights:
In 2021, North America dominated the fire safety equipment market, with a market value of USD 17,163.8 million. Due to the rapid development of commercial and industrial buildings, several countries in this region, particularly the United States and Canada, have significantly contributed to market growth. Furthermore, the regional industry is growing due to strict fire safety rules and standards. For instance, the Fire Code, a model code, is accepted by local and state authorities across the United States and enforced by municipal fire departments' fire prevention personnel. The Asia Pacific, on the other hand, is predicted to have the highest CAGR of more than 9% throughout the forecast period. The Asia Pacific is a rising area, with countries like India, China, and Japan projected to fuel market growth. The demand for fire protection equipment is predicted to rise as emerging countries' urbanization and industrialization accelerate. Furthermore, a significant presence of sensor manufacturing businesses and a high level of fire safety equipment production would aid growth during the predicted period. The objective of the report is to present a comprehensive analysis of the Leak Detection and Repair Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Leak Detection and Repair Market dynamics, structure by analyzing the market segments and projects the Leak Detection and Repair Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Leak Detection and Repair Market make the report investor’s guide.Fire Safety Equipment Market Scope: Inquire before buying
Global Fire Safety Equipment Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 44.82 Bn. Forecast Period 2022 to 2029 CAGR: 5.9% Market Size in 2029: US $ 70.90 Bn. Segments Covered: by Application • Residential • Commercial • Industrial by Solution • Fire Detection • Fire Suppression Fire Safety Equipment Market, by Region
• North America • Europe • Asia Pacific • Middle East and Africa • South AmericaFire Safety Equipment Market Key Players are:
• Honeywell Security & Communications • Tyco International • Bosch Security System Inc. • Siemens Building Technologies • United Technologies • Cooper Wheelock • Gentex Corporation • Panasonic Corporation • ADT Security Services Inc. • WSA Fire Systems • Robert Bosch GmbH • Eaton Corp., Inc. • Space Age Electronics • Halma plc • Hochiki Corp. • Nittan Company, Ltd. • Napco Security Technologies, Inc. • Johnson ControlsFrequently Asked Questions:
1) What was the market size of Global Fire safety equipment markets in 2021? Ans - Global Fire safety equipment Market was worth US$ 44.82 Bn in 2021. 2) What is the market segment of Global Fire safety equipment markets? Ans -The market segments are based on Application and Solution. 3) What is forecast period consider for Global Fire safety equipment markets market? Ans -The forecast period for Global Fire safety equipment Market is 2022 to 2029. 4) Which are the worldwide major key players covered for Global Fire safety equipment markets market report? Ans - Honeywell Security & Communications, Tyco International, Bosch Security System Inc., Siemens Building Technologies, United Technologies, Cooper Wheelock, Gentex Corporation, Panasonic Corporation, ADT Security Services Inc., WSA Fire Systems, Robert Bosch GmbH, Eaton Corp., Inc., Space Age Electronics, Halma plc, Hochiki Corp., Nittan Company, Ltd., Napco Security Technologies, Inc., Johnson Controls. 5) Which region is dominated in Global Fire safety equipment markets Market? Ans -In 2021, North America region dominated the Global Fire safety equipment markets Market.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Fire safety equipment Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Fire safety equipment Market 3.4. Geographical Snapshot of the Fire safety equipment Market, By Manufacturer share 4. Global Fire safety equipment Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Fire safety equipment Market 5. Supply Side and Demand Side Indicator 6. Global Fire safety equipment Market Analysis and Forecast, 2021-2029 6.1. Global Fire safety equipment Market Size & Y-o-Y Growth Analysis. 7. Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 7.1.1. Residential 7.1.2. Commercial 7.1.3. Industrial 7.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 7.2.1. Fire Detection 7.2.2. Fire Suppression 8. Global Fire safety equipment Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 9.1.1. Residential 9.1.2. Commercial 9.1.3. Industrial 9.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 9.2.1. Fire Detection 9.2.2. Fire Suppression 10. North America Global Fire safety equipment Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 12. Canada Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 13. Mexico Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 14. Europe Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 15. Europe Global Fire safety equipment Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 17. France Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 18. Germany Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 19. Italy Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 20. Spain Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 21. Sweden Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 22. CIS Countries Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 23. Rest of Europe Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 24. Asia Pacific Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 25. Asia Pacific Global Fire safety equipment Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 27. India Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 28. Japan Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 29. South Korea Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 30. Australia Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 31. ASEAN Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 32. Rest of Asia Pacific Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 33. Middle East Africa Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 34. Middle East Africa Global Fire safety equipment Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 36. GCC Countries Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 37. Egypt Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 38. Nigeria Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 39. Rest of ME&A Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 40. South America Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 41. South America Global Fire safety equipment Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 43. Argentina Global Fire safety equipment Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 44. Rest of South America Global Fire safety equipment Market Analysis and Forecasts, 2017-2029 44.1. Market Size (Value) Estimates & Forecast By Application, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Solution, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Fire safety equipment Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 46.1.1. Honeywell Security & Communications 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Tyco International 45.3.3. Bosch Security System 45.3.4. United Technology 45.3.5. Cooper Wheelock 45.3.6. Gentex Corporation 45.3.7. Panasonic Corporation 45.3.8. Cooper Wheelock 45.3.9. Gentex Corporation 45.3.10. ADT Security Services Inc. 45.3.11. WSA Fire Systems 45.3.12. Robert Bosch GmbH 45.3.13. Eaton Corp., Inc. 45.3.14. Space Age Electronics 45.3.15. Halma plc 46. Primary Key Insights