Global Fire Safety Equipment Market Overview
According to SPER Market Research, the Global Fire Safety Equipment Market is estimated to reach USD 94.79 billion by 2032 with a CAGR of 6.67%.
In order to detect, prevent, and suppress fires in a variety of settings, including residential, commercial, and industrial buildings as well as outdoor settings, equipment, systems, and devices are sold worldwide. This market is referred to as the "World Fire Safety Equipment Market." Fire alarms, extinguishers, sprinkler systems, fire suppression systems, fire hydrants, and smoke detectors are just a few examples of the items that make up fire safety equipment. The expanding demand for cutting-edge fire safety technology, escalating government laws and policies, and rising fire safety concerns are the main factors driving the market for fire safety equipment. Also, the market is impacted by elements like urbanisation, industrialisation, and the development of new infrastructure. With numerous international and regional competitors competing in the market, the global fire safety equipment market is extremely competitive and fragmented. The market is additionally distinguished by ongoing technological breakthroughs in fire safety gear, such as the creation of smart fire detectors and integrated fire protection systems. As the requirement for fire safety in high-risk locations, such as industrial facilities and commercial buildings, grows, it is anticipated that the market for fire safety equipment will expand in the upcoming years. The market is also probably going to be affected by the adoption of cutting-edge technology and the creation of more effective and efficient fire safety apparatus.
Impact of COVID-19 on the Global Fire Safety Equipment Market
The COVID-19 epidemic has had a large effect on the world market for fire safety equipment. The pandemic has caused supply chains to break down, workforce shortages, and a decrease in demand for fire safety equipment as a result of business closures and a halt in construction projects. The epidemic has also resulted in a drop in oil prices, which has hurt the market for fire safety equipment in the oil and gas industry. The decreased need for fire safety equipment has also been seen in the aviation sector as a result of the decreased air traffic. The market for fire safety equipment has, nevertheless, benefited from the pandemic. A greater emphasis has been placed on health and safety as a result of the pandemic, which has increased demand for cutting-edge fire safety solutions including disinfection systems to stop the virus' spread. As a result, there are now more options for producers of fire safety equipment to create and offer cutting-edge solutions that can aid in slowing the spread of the virus. While the pandemic has generally had a negative effect on the market for fire safety equipment around the world, it has also provided manufacturers with chances to develop and provide cutting-edge fire safety technology to answer the new problems brought about by the epidemic.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By Solution, By Technology, By Application.
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| 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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Global Fire Safety Equipment Market Segmentation:
1. By Product:
- Extinguisher
- Fire Hydrant
- Respirator
- Others
2. By Solution:
- Fire Detection
- Fire Suppression
3. By Technology:
- Active Fire Safety Systems
- Passive Fire Safety Systems
4. By Application:
- Commercial
- Industrial
- Residential
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Fire Safety Equipment Market (FY’2019-FY’2032)
- Overview of Global Fire Safety Equipment Market
- Segmentation of Global Fire Safety Equipment Market By Product (Extinguisher, Fire Hydrant, Respirator, Others)
- Segmentation of Global Fire Safety Equipment Market By Solution (Fire Detection, Fire Suppression)
- Segmentation of Global Fire Safety Equipment Market By Technology (Active Fire Safety Systems, Passive Fire Safety Systems)
- Segmentation of Global Fire Safety Equipment Market By Application (Commercial, Industrial, Residential)
- Statistical Snap of Global Fire Safety Equipment Market
- Growth Analysis of Global Fire Safety Equipment Market
- Problems and Challenges in Global Fire Safety Equipment Market
- Competitive Landscape in the Global Fire Safety Equipment Market
- Impact of COVID-19 and Demonetization on Global Fire Safety Equipment Market
- Details on Recent Investment in Global Fire Safety Equipment Market
- Competitive Analysis of Global Fire Safety Equipment Market
- Major Players in the Global Fire Safety Equipment Market
- SWOT Analysis of Global Fire Safety Equipment Market
- Global Fire Safety Equipment Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
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 Global 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. Competitive Landscape
6.1 Global Fire Safety Equipment Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Fire Safety Equipment Market
7. Global Fire Safety Equipment Market, By Product, 2019-2032 (USD Million)
7.1 Extinguisher
7.2 Fire Hydrant
7.3 Respirator
7.4 Others
8. Global Fire Safety Equipment Market, By Solution, 2019-2032 (USD Million)
8.1 Fire Detection
8.2 Fire Suppression
9. Global Fire Safety Equipment Market, By Technology, 2019-2032 (USD Million)
9.1 Active Fire Safety Systems
9.2 Passive Fire Safety Systems
10. Global Fire Safety Equipment Market, By Application, 2019-2032 (USD Million)
10.1 Commercial
10.2 Industrial
10.3 Residential
11. Global Fire Safety Equipment Market, By Region, 2019-2032 (USD Million)
11.1 Global Fire Safety Equipment Market Size and Market Share by Region (2019-2025)
11.2 Global Fire Safety Equipment Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12. Company Profiles
12.1. Bosch Security System Inc.
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2. Eaton Corporation Inc.
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3. Gentex Corporation
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4. Hamla PLC.
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5. Hiren Industrial Corporation
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6. Hochiki Corporation
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7. Honeywell International Inc.
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8. Johnson Controls International Plc.
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9. Larsen Manufacturing
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10. Lowa Fire Equipment Company
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11. NAFFCO
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12. Napco Security Technologies Inc.
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
12.13. Nittan Company Ltd.
12.13.1 Company details
12.13.2 Financial outlook
12.13.3 Product summary
12.13.4 Recent developments
12.14. Siemens Building Technologies Pvt. Ltd.
12.14.1 Company details
12.14.2 Financial outlook
12.14.3 Product summary
12.14.4 Recent developments
12.15. Space Age Electronics
12.15.1 Company details
12.15.2 Financial outlook
12.15.3 Product summary
12.15.4 Recent developments
13.List of Abbreviations
14.Reference Links
15.Conclusion
16.Research Scope
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.
