Fire Safety Equipment Market
Fire Safety Equipment Market Analysis by Application (Residential, Commercial, and Industrial), by Solution (Fire Suppression Equipment, Fire Detection Equipment), by Region - Global Forecast 2022 to 2032
Analysis of Fire Safety Equipment market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Fire Safety Market Outlook (2022 to 2032)
The global fire safety equipment market is estimated at US$ 49 Billion in 2022, which is expected to procure a market value of US$ 91.11 Billion by 2032.
Projected growth rate is 6.4% during the forecast period from 2022 to 2032.
The growing demand for efficient fire safety equipment in automotive, manufacturing, energy and power, mining, and construction is likely to drive the market considerably in the coming period.
| Report Attributes | Details |
|---|---|
| Estimated Market Value in 2022 | US$ 49 Billion |
| Estimated Market Value in 2032 | US$ 91.11 Billion |
| Projected CAGR from 2022 to 2032 | 6.4% |
| Key Companies Profiled | Johnson Controls; Siemens Building Technologies; United Technologies Corp; Eaton Corp., Inc.; Gentex Corp.; Space Age Electronics; Hochiki Corp.; Honeywell International, Inc. |
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Global Fire Safety Equipment Market Analysis from 2015 to 2021 Vs Future Market Outlook for 2022 to 2032
From 2015 to 2021, demand for fire safety equipment expanded at a CAGR of 6% according to Fact.MR- a market research and competitive intelligence provider. Increasing urbanization and the consequent expansion of both residential and commercial construction industries have impelled demand for fire safety equipment in recent years.
During the COVID-19 pandemic, the need for fire safety equipment became highly pronounced, especially across the residential and healthcare industries. The imposition of mandatory lockdowns compelled residents to stay indoors, leading to heightened demand for home grade fire extinguishers and other equipment to combat any incident. Also, the rising hospitalization rates prompted hospitals and clinics to install robust firefighting and fire detection systems to prevent any accidents.
Future demand is highly reliant on the ever toughening regulations concerns fire hazards and fire safety across buildings in the residential as well as the commercial sector. Government authorities have made it mandatory for all buildings across the world to provide efficient firefighting mechanisms. As per the study, the market is projected to surge 2x from 2022 to 2032.
What are the factors Boosting the Global Fire Safety Equipment Market?
Development of Technology to Offer Efficient Fire Safety Products
The rapid urbanization has generated a significant demand for efficient fire safety equipment, which is likely to bolster the market significantly in the forecast period. Implementation of building safety codes and advanced conduct has provided a significant boost to the market.
Moreover, development in technology such as; wireless alarm systems, water mist technology, smoke detectors is predicted to augment the industry in the coming time. Also, the growing awareness regarding fire safety equipment is expected to propel the market expansion.
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What are the Factors Restraining the Global Fire Safety Equipment Market?
Lack of Regulation at Ground-Level to Hamper the Fire Safety Equipment Market
Lack of awareness about the advantages of fire safety equipment is likely to inhibit the growth of the market in the forecast period. Further, the absence of ground-level regulation in the commercial and industrial sectors is expected to hamper market growth.
In addition, the misconception that fire safety equipment is an unproductive outlay is another factor hampering the expansion. In addition to this, the outbreak of COVID-19 brought a negative impact on the market by hampering the manufacturing process.
Country-Wise Analysis
Why is APAC likely to Record the Highest CAGR during the Forecast Period?
Rapid Urbanization in Developing Nations to Boost Demand for Efficient Health and Safety Equipment
As per the analysis conducted at Fact. MR, Asia Pacific is anticipated to record a CAGR of 8% from 2022 to 2032. With the presence of developing economies such as; India, China, and Japan, the region is anticipated to witness a significant boost in the demand for fire safety products.
The reason can be attributed to the rapid urbanization and the growing awareness about the benefits of using fire safety products. Further, industrialization has also been picking pace in these developing countries, generating significant demand for fire safety products. In addition, the presence of sensor manufacturing players and increased manufacturing of advanced safety equipment across the region are other salient causes elevating the market growth in APAC.
The rapid automation in buildings and increasing preference for smart homes is anticipated to increase the demand for fire safety equipment and propel the market in the forecast period. Furthermore, the need for mass transportation and the growing demand from the mining and construction sector is likely to aid in growing the market in the region.
What is the Contribution of North America is Boosting the Global Fire Safety Equipment?
Mandate Installation of Fire Safety Equipment to Boost the Industry in the Region
The analysis reveals that North America will procure nearly US$ 18 Bn of the global market share in 2022. Among all, Canada and the U.S are projected to make the most significant contribution in developing the regional market.
Various countries in the region, including, the US have mandated the installation of fire safety equipment. Detection devices have also been a compulsion, thereby growing the market significantly in the forecast period. The region is anticipated to maintain its position in the global market owing to the rapid infrastructural developments and stringent regulations regarding fire safety equipment.
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Category-Wise Analysis
Based on the Solution, which Segment is expected to make the Most Significant Contribution?
Imposition of Stringent Policies to Increase Demand for Fire Safety Products
Fact. MR reveals that the fire detection segment is anticipated to secure the largest market share during the forecast period. The segment is likely to have procured nearly 60% of the global market share in 2022. The fire detection segment is projected to expand at the highest CAGR of 7% during the forecast period.
The increasing number of smart city projects and the robust development in the commercial sector are anticipated to boost the industry during the evaluation period. Moreover, the increasing government intervention and imposition of stringent policies are some other salient factors attributed to the expansion of the segment in the coming time. Furthermore, rising fatalities due to accidental fires and the increasing development of technologies in detection devices are anticipated to generate significant demand for fire safety equipment.
What is the Role of Industrial Application Segment in Driving the Global Fire Safety Market?
Increasing Demand for Fire Safety Products from Transportations, and other Sectors to Boost the Segment
According to the analysis, the industrial application segment is predicted to have procured nearly 40% of the global market share in 2022. The expansion of the segment can be attributed to the increasing demand for fire safety products from sectors such as; transportation, oil and gas, manufacturing. Furthermore, the stringent rules imposed by the government of various countries is a salient factor boosting the segmental growth in the forecast period.
Competitive Landscape
Key players of the global fire safety equipment are focusing on expanding their global reach and are adopting strategies to secure the forefront position. Acquisition, partnerships, and collaboration are some of the most adopted methods. Some of the recent developments among the key players are:
- In November 2021, CBC AMERICA, an intelligent security system provider, announced a business alliance with NAPCO Security Technologies.
- In August 2021, Halma acquired the Ramtech Group of Companies for 18.5 Mn Euros in cash. The UK-based Ramtech Group of companies provides wireless fire systems to temporary sites, mainly in the construction sector.
Key Segments Covered in the Industry Report
-
By Application :
- Residential Applications
- Commercial Applications
- Industrial Applications
-
By Solution :
- Fire Suppression Equipment
- Extinguisher
- Sprinkler
- Fire Detection Equipment
- Detector
- Alarm
- Fire Suppression Equipment
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Key Success Factors
- 6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Solution
- 8.1. Detection
- 8.1.1. Detector
- 8.1.2. Alarm
- 8.2. Suppression
- 8.2.1. Extinguisher
- 8.2.2. Sprinkler
- 8.1. Detection
- 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application
- 9.1. Commercial
- 9.2. Industrial
- 9.3. Residential
- 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. Asia Pacific
- 10.5. Middle East and Africa (MEA)
- 11. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 12. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 13. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 14. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 15. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 16. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. Robert Bosch GmbH
- 18.2. Eaton Corp., Inc.
- 18.3. United Technologies Corp
- 18.4. Honeywell International, Inc.
- 18.5. Siemens Building Technologies
- 18.6. Halma plc
- 18.7. Space Age Electronics
- 18.8. Gentex Corporation
- 18.9. Hochiki Corporation
- 18.10. Johnson Controls
- 19. Assumptions and Acronyms Used
- 20. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn), By Solution, 2015 to 2021
Table 2: Global Market Value (US$ Mn), By Solution, 2022 to 2032
Table 3: Global Market Value (US$ Mn), By Application, 2015 to 2021
Table 4: Global Market Value (US$ Mn), By Application, 2022 to 2032
Table 5: Global Market, By Region, 2015 to 2021
Table 6: Global Market, By Region, 2022 to 2032
Table 7: North America Market Value (US$ Mn), By Solution, 2015 to 2021
Table 8: North America Market Value (US$ Mn), By Solution, 2022 to 2032
Table 9: North America Market Value (US$ Mn), By Application, 2015 to 2021
Table 10: North America Market Value (US$ Mn), By Application, 2022 to 2032
Table 11: North America Market, By Country, 2015 to 2021
Table 12: North America Market, By Country, 2022 to 2032
Table 13: Latin America Market Value (US$ Mn), By Solution, 2015 to 2021
Table 14: Latin America Market Value (US$ Mn), By Solution, 2022 to 2032
Table 15: Latin America Market Value (US$ Mn), By Application, 2015 to 2021
Table 16: Latin America Market Value (US$ Mn), By Application, 2022 to 2032
Table 17: Latin America Market, By Country, 2015 to 2021
Table 18: Latin America Market, By Country, 2022 to 2032
Table 19: Europe Market Value (US$ Mn), By Solution, 2015 to 2021
Table 20: Europe Market Value (US$ Mn), By Solution, 2022 to 2032
Table 21: Europe Market Value (US$ Mn), By Application, 2015 to 2021
Table 22: Europe Market Value (US$ Mn), By Application, 2022 to 2032
Table 23: Europe Market, By Country, 2015 to 2021
Table 24: Europe Market, By Country, 2022 to 2032
Table 25: Asia Pacific Market Value (US$ Mn), By Solution, 2015 to 2021
Table 26: Asia Pacific Market Value (US$ Mn), By Solution, 2022 to 2032
Table 27: Asia Pacific Market Value (US$ Mn), By Application, 2015 to 2021
Table 28: Asia Pacific Market Value (US$ Mn), By Application, 2022 to 2032
Table 29: Asia Pacific Market, By Country, 2015 to 2021
Table 30: Asia Pacific Market, By Country, 2022 to 2032
Table 31: MEA Market Value (US$ Mn), By Solution, 2015 to 2021
Table 32: MEA Market Value (US$ Mn), By Solution, 2022 to 2032
Table 33: MEA Market Value (US$ Mn), By Application, 2015 to 2021
Table 34: MEA Market Value (US$ Mn), By Application, 2022 to 2032
Table 35: MEA Market, By Country, 2015 to 2021
Table 36: MEA Market, By Country, 2022 to 2032
Table 37: Global Market Incremental $ Opportunity, By Solution, 2015 to 2021
Table 38: Global Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 39: Global Market Incremental $ Opportunity, By Region, 2022 to 2032
Table 40: North America Market Incremental $ Opportunity, By Solution, 2015 to 2021
Table 41: North America Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 42: North America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 43: Latin America Market Incremental $ Opportunity, By Solution, 2015 to 2021
Table 44: Latin America Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 45: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 46: Europe Market Incremental $ Opportunity, By Solution, 2015 to 2021
Table 47: Europe Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 48: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 49: Asia Pacific Market Incremental $ Opportunity, By Solution, 2015 to 2021
Table 50: Asia Pacific Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 51: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 52: MEA Market Incremental $ Opportunity, By Solution, 2015 to 2021
Table 53: MEA Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 54: MEA Market Incremental $ Opportunity, By Country, 2022 to 2032
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List Of Figures
Figure 1: Global Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Mn
Figure 3: Global Market Share, By Solution, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Solution to 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Solution to 2022 to 2032
Figure 6: Global Market Share, By Application, 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Application to 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Application to 2022 to 2032
Figure 9: Global Market Share, By Region, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Region to 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Region to 2022 to 2032
Figure 12: North America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 13: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 14: North America Market Share, By Solution, 2022 & 2032
Figure 15: North America Market Y-o-Y Growth Projections, By Solution to 2022 to 2032
Figure 16: North America Market Attractiveness Index, By Solution to 2022 to 2032
Figure 17: North America Market Share, By Application, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Projections, By Application to 2022 to 2032
Figure 19: North America Market Attractiveness Index, By Application to 2022 to 2032
Figure 20: North America Market Share, By Country, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Country to 2022 to 2032
Figure 23: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 24: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 25: Latin America Market Share, By Solution, 2022 & 2032
Figure 26: Latin America Market Y-o-Y Growth Projections, By Solution to 2022 to 2032
Figure 27: Latin America Market Attractiveness Index, By Solution to 2022 to 2032
Figure 28: Latin America Market Share, By Application, 2022 & 2032
Figure 29: Latin America Market Y-o-Y Growth Projections, By Application to 2022 to 2032
Figure 30: Latin America Market Attractiveness Index, By Application to 2022 to 2032
Figure 31: Latin America Market Share, By Country, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 33: Latin America Market Attractiveness Index, By Country to 2022 to 2032
Figure 34: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 35: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 36: Europe Market Share, By Solution, 2022 & 2032
Figure 37: Europe Market Y-o-Y Growth Projections, By Solution to 2022 to 2032
Figure 38: Europe Market Attractiveness Index, By Solution to 2022 to 2032
Figure 39: Europe Market Share, By Application, 2022 & 2032
Figure 40: Europe Market Y-o-Y Growth Projections, By Application to 2022 to 2032
Figure 41: Europe Market Attractiveness Index, By Application to 2022 to 2032
Figure 42: Europe Market Share, By Country, 2022 & 2032
Figure 43: Europe Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 44: Europe Market Attractiveness Index, By Country to 2022 to 2032
Figure 45: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 46: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 47: MEA Market Share, By Solution, 2022 & 2032
Figure 48: MEA Market Y-o-Y Growth Projections, By Solution to 2022 to 2032
Figure 49: MEA Market Attractiveness Index, By Solution to 2022 to 2032
Figure 50: MEA Market Share, By Application, 2022 & 2032
Figure 51: MEA Market Y-o-Y Growth Projections, By Application to 2022 to 2032
Figure 52: MEA Market Attractiveness Index, By Application to 2022 to 2032
Figure 53: MEA Market Share, By Country, 2022 & 2032
Figure 54: MEA Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 55: MEA Market Attractiveness Index, By Country to 2022 to 2032
Figure 56: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 57: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 58: Asia Pacific Market Share, By Solution, 2022 & 2032
Figure 59: Asia Pacific Market Y-o-Y Growth Projections, By Solution to 2022 to 2032
Figure 60: Asia Pacific Market Attractiveness Index, By Solution to 2022 to 2032
Figure 61: Asia Pacific Market Share, By Application, 2022 & 2032
Figure 62: Asia Pacific Market Y-o-Y Growth Projections, By Application to 2022 to 2032
Figure 63: Asia Pacific Market Attractiveness Index, By Application to 2022 to 2032
Figure 64: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 65: Asia Pacific Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 66: Asia Pacific Market Attractiveness Index, By Country to 2022 to 2032
Figure 67: US Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 68: US Market Share, By Solution, 2021
Figure 69: US Market Share, By Application, 2021
Figure 70: Canada Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 71: Canada Market Share, By Solution, 2021
Figure 72: Canada Market Share, By Application, 2021
Figure 73: Brazil Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 74: Brazil Market Share, By Solution, 2021
Figure 75: Brazil Market Share, By Application, 2021
Figure 76: Mexico Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 77: Mexico Market Share, By Solution, 2021
Figure 78: Mexico Market Share, By Application, 2021
Figure 79: Germany Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 80: Germany Market Share, By Solution, 2021
Figure 81: Germany Market Share, By Application, 2021
Figure 82: U.K. Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 83: U.K. Market Share, By Solution, 2021
Figure 84: U.K. Market Share, By Application, 2021
Figure 85: France Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 86: France Market Share, By Solution, 2021
Figure 87: France Market Share, By Application, 2021
Figure 88: Italy Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 89: Italy Market Share, By Solution, 2021
Figure 90: Italy Market Share, By Application, 2021
Figure 91: BENELUX Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 92: BENELUX Market Share, By Solution, 2021
Figure 93: BENELUX Market Share, By Application, 2021
Figure 94: Nordic Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 95: Nordic Countries Market Share, By Solution, 2021
Figure 96: Nordic Countries Market Share, By Application, 2021
Figure 97: China Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 98: China Market Share, By Solution, 2021
Figure 99: China Market Share, By Application, 2021
Figure 100: Japan Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 101: Japan Market Share, By Solution, 2021
Figure 102: Japan Market Share, By Application, 2021
Figure 103: South Korea Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 104: South Korea Market Share, By Solution, 2021
Figure 105: South Korea Market Share, By Application, 2021
Figure 106: GCC Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 107: GCC Countries Market Share, By Solution, 2021
Figure 108: GCC Countries Market Share, By Application, 2021
Figure 109: South Africa Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 110: South Africa Market Share, By Solution, 2021
Figure 111: South Africa Market Share, By Application, 2021
Figure 112: Turkey Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 113: Turkey Market Share, By Solution, 2021
Figure 114: Turkey Market Share, By Application, 2021
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- FAQs -
How much is the global fire safety equipment market likely to be worth in 2022?
By 2022, the market for fire safety equipment is anticipated to reach US$ 49 Billion
At what rate did the market for fire safety equipment expand from 2015 to 2021?
From 2015 to 2021, fire safety equipment demand expanded at approximately 6% CAGR
What is the expected forecast CAGR for the fire safety equipment industry?
From 2022 to 2032, the fire safety equipment industry is likely to surge at a CAGR of 6.4%
At what value will the global market for fire safety equipment be valued in 2032?
As of 2032, Fact.MR expects the fire safety equipment market to be valued at US$ 91.11 Bn
What is the market outlook for fire safety equipment across North America?
North America is expected to contribute US$ 18 Bn in value in the fire safety equipment domain
How opportunistic is the market in the Asia Pacific likely to be?
According to Fact.MR, the fire safety equipment market is expected to grow at a CAGR of 8%
Which application area is expected to be the dominant fire safety equipment utilizer?
The industrial segment is the primary fire safety equipment utilizer, accumulating 40% of total revenue
Fire Safety Equipment Market