Fire Safety Equipment is used to deal with fire outbreaks which mainly includes products such as fire detectors, fire alarms, fireproof gears, extinguishers, sprinklers, fire exits windows, exhausts, and more. The variety of products in fire safety equipment leads to different services provided by the companies from installations, replacements, system inspection, and maintenance for commercial, industrial, residential, transport, and logistics purposes.
The Fire Safety Equipment Market is expected to record a positive CAGR of ~7% during the forecast period (2022-2028) and reach revenues of US$ 65 Bn by 2028. The market’s expected growth is due to the advancements of smart technologies in the fire safety industry such as Artificial intelligence, Internet of Things, and the increase in safety budgets in buildings and Transports Services i.e., to develop a fire safety plan for a possible fire outbreak such as fire exits, fire suppression, and detection tools and more.
The introduction of smart technologies in fire safety is gaining momentum with the concept of Smart Connected Things (ScoT), which provides an accurate and efficient system for fire detection and suppression. SCoT alert the users about faulty sprinklers in the building and notifies them about the maintenance of the system from time to time.
Corrosion in the fire suppression system is the major challenge that is derailing the growth of the fire safety equipment market. According to the National Fire Protection Association (NFPA), 73% of dry systems have corrosion issues. Dry system is a sprinkler system in which water is released with help of air thus ensuring that water doesn’t freeze in the system.
The complete shutdown of the manufacturing units, delay in supplies, and decrease in demand were the biggest challenges faced by the fire safety equipment market during the COVID-19 pandemic.
The NFPA 72 (National Fire Alarm and Signaling Code of National Fire Protection Association) focuses on providing the most up-to-date safety measures with respect to fire detection, such as signaling, and emergency communications. All such factors will drive the growth of the market during the forecast period.
By Technology: Passive fire protection systems segment is expected to hold the largest market share, by technology during the forecast period, as it helps to slow down or prevent the spread of fire and smoke from one room to another.
Passive fire protection systems include floor ceilings, roof exhaust, fire doors, windows, wall assemblies, fire-resistant coatings, and other fire and smoke control assemblies as well as fire dampers that help to slow down and prevent fire.
In Europe, BS EN 1364-1:2015 is a European standard that specifies a method for determining the fire resistance of non-loadbearing walls.
In the US, ASTM E119 is the standard test method for fire tests of building construction and materials, such initiatives are likely to support the growth of fire safety equipment.
By Service: Installations & replacements segment is expected to hold the largest market share during the forecast period in the service segment, owing to the rise in installations of fire systems in the buildings.
Installations & replacement services are increasing as an increase in the budget for fire safety systems in buildings and a variety of government norms for the standard fire safety equipment to be available in the area is acting as a driver for the segment.
The system inspection & maintenance segment is expected to show the fastest growth during the forecast period as rapid installations of the fire safety system are making a way for maintenance of those earlier installed fire safety systems.
By Application: The industrial segment accounted for the largest market share in 2021, this is due to the use of fire safety systems in factories and manufacturing units to prevent the possible fire outbreak and minimize the damage to expensive machinery and workers.
According to National Fire Protection Association (NFPA) for the years 2011- 2015, there have been an average of 37,910 fires the in U.S for industrial or manufacturing properties each year, which accounted for the loss of US$1.2 billion in property damage and 16 Civilians deaths and making 273 other heavily injured.
The industrial segment comprises oil & gas refineries, mining, energy and power, and manufacturing units thus fire safety systems have to be installed to avoid major fires in the future.
By Geography: North America Region accounted for the largest market share in 2021, due to strict fire safety rules and continuous structural developments.
The rising demand for smart houses and buildings in the US which provide high security as well as new advanced fire system enabled with IoT and AI is acting as a driving factor for the North American market.
The major manufacturers like Gentex Corp., Space Age Electronics, Honeywell International Inc., Napco Security Technologies, Inc., and Johnson Controls are all headquartered in the US.
Large global players hold the highest market share, while regional players hold the second largest share. Some of the major players in the market include Robert Bosch GmbH, Eaton Corp., Inc., Gentex Corp., Space Age Electronics, Halma plc, Siemens Building Technologies, Hochiki Corp., Nittan Company, Ltd., Honeywell International, Inc., Napco Security Technologies, Inc., and Johnson Controls among others.
The large number of competitors is providing buyers with high bargaining power whereas suppliers are struggling to survive in the market.
In June 2019, Halma acquired Ampac, Ampac was one of the leading Australian fire & evacuation system companies. With this acquisition, Halma was able to use the well-established network of Ampac in Australia, New Zealand, and the UK.
In June 2022, Siemens launched the advanced IoT-enabled smart fire safety equipment, which is capable of accessing all alarm systems and cloud functioning as well as is easy to install, and has a low maintenance cost.
Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. In addition, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within a maximum of 2 working weeks.
Safex Fire Services Ltd.
Reliance Fire and Safety Limited
UTC Fire & Security India Ltd
NewAge Fire Protection Industries Pvt. Ltd
The Fire Safety Equipment Market is expected to record a positive CAGR of ~7% during the forecast period (2022-2028) and reach revenues of US$ 65 Bn by 2028. The market’s expected growth is due to the advancements of smart technologies in the fire safety industry such as Artificial intelligence, Internet of Things, and the increase in safety budgets in buildings and Transports Services i.e., to develop a fire safety plan for a possible fire outbreak such as fire exits, fire suppression, and detection tools and more.
The introduction of smart technologies in fire safety is gaining momentum with the concept of Smart Connected Things (ScoT), which provides an accurate and efficient system for fire detection and suppression. SCoT alert the users about faulty sprinklers in the building and notifies them about the maintenance of the system from time to time.
Corrosion in the fire suppression system is the major challenge that is derailing the growth of the fire safety equipment market. According to the National Fire Protection Association (NFPA), 73% of dry systems have corrosion issues. Dry system is a sprinkler system in which water is released with help of air thus ensuring that water doesn’t freeze in the system.
The complete shutdown of the manufacturing units, delay in supplies, and decrease in demand were the biggest challenges faced by the fire safety equipment market during the COVID-19 pandemic.
Scope of the Report
The fire safety equipment market is segmented by product type, technology, service, and application. In addition, the report also covers market size and forecasts for the four regions in the fire safety equipment market. The revenue used to size and forecast the market for each segment is USD Billion.By Product
- Fire Detection
- Fire Response
- Fire Suppression
- Fire Analysis
By Technology
- Active Fire Protection Systems
- Passive Fire Protection Systems
By Service
- Installations & Replacements
- System Inspection & Maintenance
- Fire Alarms & Sprinklers Monitoring
- Fire Extinguisher Training
By Application
- Commercial
- Industrial
- Residential
- Transportation & Logistics
- Others
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy)
- Asia Pacific (China, Japan, South Korea, India, Indonesia, Australia)
- Latin America, Middle East, and Africa (LAMEA)
Key Trends by Market Segment
- By Product: The fire detection segment held the major market share in 2021, owing to the use of smart technologies in fire detection systems as well as the adoption of fire safety systems in buildings and houses
- Fire Detection is further divided into detectors and alarms, which are used to detect and alert people regarding fire outbreaks
The NFPA 72 (National Fire Alarm and Signaling Code of National Fire Protection Association) focuses on providing the most up-to-date safety measures with respect to fire detection, such as signaling, and emergency communications. All such factors will drive the growth of the market during the forecast period.
By Technology: Passive fire protection systems segment is expected to hold the largest market share, by technology during the forecast period, as it helps to slow down or prevent the spread of fire and smoke from one room to another.
Passive fire protection systems include floor ceilings, roof exhaust, fire doors, windows, wall assemblies, fire-resistant coatings, and other fire and smoke control assemblies as well as fire dampers that help to slow down and prevent fire.
In Europe, BS EN 1364-1:2015 is a European standard that specifies a method for determining the fire resistance of non-loadbearing walls.
In the US, ASTM E119 is the standard test method for fire tests of building construction and materials, such initiatives are likely to support the growth of fire safety equipment.
By Service: Installations & replacements segment is expected to hold the largest market share during the forecast period in the service segment, owing to the rise in installations of fire systems in the buildings.
Installations & replacement services are increasing as an increase in the budget for fire safety systems in buildings and a variety of government norms for the standard fire safety equipment to be available in the area is acting as a driver for the segment.
The system inspection & maintenance segment is expected to show the fastest growth during the forecast period as rapid installations of the fire safety system are making a way for maintenance of those earlier installed fire safety systems.
By Application: The industrial segment accounted for the largest market share in 2021, this is due to the use of fire safety systems in factories and manufacturing units to prevent the possible fire outbreak and minimize the damage to expensive machinery and workers.
According to National Fire Protection Association (NFPA) for the years 2011- 2015, there have been an average of 37,910 fires the in U.S for industrial or manufacturing properties each year, which accounted for the loss of US$1.2 billion in property damage and 16 Civilians deaths and making 273 other heavily injured.
The industrial segment comprises oil & gas refineries, mining, energy and power, and manufacturing units thus fire safety systems have to be installed to avoid major fires in the future.
By Geography: North America Region accounted for the largest market share in 2021, due to strict fire safety rules and continuous structural developments.
The rising demand for smart houses and buildings in the US which provide high security as well as new advanced fire system enabled with IoT and AI is acting as a driving factor for the North American market.
The major manufacturers like Gentex Corp., Space Age Electronics, Honeywell International Inc., Napco Security Technologies, Inc., and Johnson Controls are all headquartered in the US.
Competitive Landscape
The Fire Safety Equipment market is highly competitive in nature with ~1,000 players in the market, which include globally diversified players, regional players as well as a large number of country-niche players having their niche in fire safety equipment for multiple applications.Large global players hold the highest market share, while regional players hold the second largest share. Some of the major players in the market include Robert Bosch GmbH, Eaton Corp., Inc., Gentex Corp., Space Age Electronics, Halma plc, Siemens Building Technologies, Hochiki Corp., Nittan Company, Ltd., Honeywell International, Inc., Napco Security Technologies, Inc., and Johnson Controls among others.
The large number of competitors is providing buyers with high bargaining power whereas suppliers are struggling to survive in the market.
Recent Developments Related to Major Players
In May 2022, Robert Bosch GmbH launched the Smoke detector II which has a built-in Siren that is able to deliver notifications directly to the user’s Mobile phones and also send a signal to other connected alarms to alert every person around and avoid major mishappening.In June 2019, Halma acquired Ampac, Ampac was one of the leading Australian fire & evacuation system companies. With this acquisition, Halma was able to use the well-established network of Ampac in Australia, New Zealand, and the UK.
In June 2022, Siemens launched the advanced IoT-enabled smart fire safety equipment, which is capable of accessing all alarm systems and cloud functioning as well as is easy to install, and has a low maintenance cost.
Conclusion
The Fire Safety Equipment Market is expected to grow at a CAGR of ~7% for the forecasted period (2022-2028), which is slightly higher than what the market witnessed between 2017 and 2021. The new advancements in the fire safety equipment market such as Artificial intelligence and IoT are creating new opportunities in the market. Though the market is highly competitive in nature with over 1,000 participants, few global players and regional players hold the majority of share in the market.Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. In addition, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within a maximum of 2 working weeks.
Key Topics Covered in the Report
- Snapshot of Fire Safety Equipment Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of Fire Safety Equipment Market
- Historic Growth of Overall Fire Safety Equipment Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of Fire Safety Equipment Market Industry
- Overview, Product offerings, and Strengths & Weaknesses of Key Competitors
- Covid-19 Impact on the Overall Fire Safety Equipment Market
- Future Market Forecast and Growth Rates of the Total Fire Safety Equipment Market and by Segments
- Market Size of Application Segment with Historical CAGR and Future Forecasts
- Analysis of Fire Safety Equipment Market in Global Regions
- Major Production/Supply and Consumption/Demand Hubs in the Region
- Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within each Region
- Overview, Product Offerings, and Strength & Weakness of Key Competitors
- Key Companies Profiled in the Report
- Robert Bosch GmbH
- Eaton Corp., Inc
- Gentex Corp
- Space Age Electronics
- Halma plc
- Siemens Building Technologies
- Hochiki Corp
- Nittan Company, Ltd
- Honeywell International, Inc
- Napco Security Technologies, Inc
- Johnson Controls
- Tyco International
Safex Fire Services Ltd.
Reliance Fire and Safety Limited
UTC Fire & Security India Ltd
NewAge Fire Protection Industries Pvt. Ltd
Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report
- Fire Safety Equipment Manufacturers
- Fire Safety Equipment Component Suppliers
- Raw Material Suppliers for Fire Safety Equipment
- Potential Investors in Fire Safety Equipment Companies
- Value Added Resellers
- Industrial OEMs of Fire Safety Equipment
- Fires Safety Equipment’s Industry Associations
- Fire Safety Equipment’s Research Groups
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
Frequently Asked Questions
What is the Study Period of this Market Report?
- The Fire Safety Equipment Market is covered from 2017 - 2028 in this report, which includes a forecast for the period 2022-2028
What is the Future Growth Rate of the Fire Safety Equipment Market?
- The Fire Safety Equipment Market is expected to witness a CAGR of ~7% over the next 6 years
What are the Key Factors Driving the Fire Safety Equipment Market?
- The advancements of smart technologies in the fire safety industry and the increase in safety budgets in buildings are expected to be the primary drivers of this market
Which is the Largest Application Segment within the Fire Safety Equipment Market?
- Industrial applications held the largest market share of the fire safety equipment market in the application segment in 2021
Who are the Key Players in Fire Safety Equipment Market?
- Robert Bosch GmbH, Eaton Corp., Inc., Gentex Corp., Space Age Electronics, Halma plc, Siemens Building Technologies, Hochiki Corp., Nittan Company, Ltd., Honeywell International, Inc., Napco Security Technologies, Inc., and Johnson Controls among others are the major companies operating in Fire Safety Equipment Market.
Additional benefits of purchasing an enterprise license:
- TAM/SAM/SOM Analysis
- Customer Cohort Analysis
- Marketing Initiatives
- White Space Opportunity Analysis
- Interactive Data Visualizations
- Customization: 20 Analyst Hours
- 3 Months Post Sales Analyst Support
- Complimentary Update Next Year
- Custom Webinars
Table of Contents
1. Executive Summary
2. Market Overview and Key Trends Impacting Growth
3. Total Fire Safety Equipment Market - Market Segmentation by Product Type, Historic Growth, Outlook & Forecasts
4. Total Fire Safety Equipment Market - Market Segmentation by Service, Historic Growth, Outlook & Forecasts
5. Total Fire Safety Equipment Market - Market Segmentation by Technology, Historic Growth, Outlook & Forecasts
6. Total Fire Safety Equipment Market Segmentation by Application, Growth, Outlook & Forecasts
7. Industry/Competition Analysis - Competitive Landscape
9. Geographic Analysis & Major Countries Market Historic Growth, Outlook, and Forecasts
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Robert Bosch GmbH
- Eaton Corp., Inc.
- Gentex Corp.
- Space Age Electronics
- Halma plc
- Siemens Building Technologies
- Hochiki Corp.
- Nittan Company, Ltd.
- Honeywell International, Inc.
- Napco Security Technologies, Inc.
- Johnson Controls
- Tyco International
- Ceasefire Industries Pvt. Ltd.
- Safex Fire Services Ltd.
- Reliance Fire and Safety Limited
- UTC Fire & Security India Ltd
- NewAge Fire Protection Industries Pvt. Ltd
