Fire Safety Equipment Market Overview:
According to SPER Market Research, the Fire Safety Equipment market is estimated to reach USD 113.21 billion by 2030 with a CAGR of 6.9%. The rapid growth of the construction industry is expected to propel the growth of the fire safety equipment market going forward. For instance, according to Invest India, an India-based investment promotion and facilitation agency, the construction industry is expected to reach $1. 4 trillion by 2025. Therefore, the rapid growth of the construction industry drives the growth of the fire safety equipment market.
Through this partnership, these two companies will work together in areas of research, student internships, fire protection engineering, and community awareness initiatives. In January 2021, CertaSite, a US-based company that provides fire protection services acquired Great Lakes Fire & Safety Equipment Company for an undisclosed amount. This deal helps the company to develop its customer base and enlarge into new markets under CertaSite.
Impact of COVID-19 on the Fire Safety Equipment Market
The outbreak of the COVID-19 pandemic impacted the fire safety market adversely in the early quarters of 2020. This has resulted in a reduction in the installation of new fire safety equipment in industrial and commercial applications. However, increased spending on new construction activities and the replacement of obsolete fire alarms and sprinklers and detectors are expected to witness the overall growth of the fire safety equipment market in the forthcoming years.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2019-2030 |
| Base year considered | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | By Product, By Solution, By Technology, By Application
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| Geographies covered | North America, Europe, Asia Pacific, Latin America, Middle East, Africa |
| Companies Covered | Bosch Security System Inc., Eaton Corporation Inc., Gentex Corporation, Hamla PLC., Hiren Industrial Corporation, Hochiki Corporation, Honeywell International Inc., Johnson Controls International Plc., Larsen Manufacturing, Lowa Fire Equipment Company, NAFFCO, Napco Security Technologies Inc., Nittan Company Ltd., Siemens Building Technologies Pvt. Ltd., Space Age Electronics.
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Fire Safety Equipment Global Market Segmentation:
By Product: Based on the product, Fire Safety Equipment Global Market is segmented as; Extinguisher, Fire Hydrant, Respirator, Other Products.
By Solution: Based on the solution, Fire Safety Equipment Global Market is segmented as; Fire Detection, Fire Suppression
By Technology: Based on the technology, Fire Safety Equipment Global Market is segmented as; Active Fire Safety Systems, Passive Fire Safety Systems
By Application: Based on the application, Fire Safety Equipment Global Market is segmented as; Commercial, Industrial, Residential
By Region: North America was the largest region in the fire safety equipment market in 2021. The regions covered in the global fire safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Fire Safety Equipment Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Fire Safety Equipment Global Market, By Product, 2019-2030 (USD Million)
6.1. Extinguisher
6.2. Fire Hydrant
6.3. Respirator
6.4. Other products
7. Fire Safety Equipment Global Market, By Solution, 2019-2030 (USD Million)
7.1. Fire detection
7.2. Fire suppression
8. Fire Safety Equipment Global Market, By Technology, 2019-2030 (USD Million)
8.1. Active Fire Safety Systems
8.2. Passive Fire Safety Systems
9. Fire Safety Equipment Global Market, By Application, 2019-2030 (USD Million)
9.1. Industrial
9.2. Residential
10. Fire Safety Equipment Global Market, By Region, 2019-2030 (USD Million)
10.1. North America
10.1.1. United States
10.1.2. Canada
10.1.3. Mexico
10.2. Europe
10.2.1. Germany
10.2.2. United Kingdom
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest of Europe
10.3. Asia-Pacific
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Australia
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific
10.4. South America
10.4.1. Brazil
10.4.2. Argentina
10.4.3. Rest of South America
10.5. Middle East & Africa
10.5.1. Kingdom of Saudi Arabia
10.5.2. United Arab Emirates
10.5.3. Rest of Middle East & Africa
11. Company Profiles
11.1. Bosch Security System Inc.
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Eaton Corporation Inc.
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Gentex Corporation
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Hamla PLC.
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Hiren Industrial Corporation
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Hochiki Corporation
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Honeywell International Inc.
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Johnson Controls International Plc.
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Larsen Manufacturing
11.9.5. Company details
11.9.6. Financial outlook
11.9.7. Product summary
11.9.8. Recent developments
11.10. Lowa Fire Equipment Company
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. NAFFCO
11.11.9. Company details
11.11.10. Financial outlook
11.11.11. Product summary
11.11.12. Recent developments
11.12. Napco Security Technologies Inc.
11.12.5. Company details
11.12.6. Financial outlook
11.12.7. Product summary
11.12.8. Recent developments
11.13. Nittan Company Ltd.
11.13.13. Company details
11.13.14. Financial outlook
11.13.15. Product summary
11.13.16. Recent developments
11.14. Siemens Building Technologies Pvt. Ltd.
11.14.9. Company details
11.14.10. Financial outlook
11.14.11. Product summary
11.14.12. Recent developments
11.15. Space Age Electronics
11.15.13. Company details
11.15.14. Financial outlook
11.15.15. Product summary
11.15.16. Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
