The global fire safety equipment market is anticipated to secure a market value of USD 91.11 Bn by 2032 while expanding at a CAGR of 6.4% from 2022 to 2032. The increasing fatalities due to accidental fire is anticipated to be the most significant factor driving the market in the forecast period. Rapid industrialization and urbanization across the globe are expected to boost the market significantly during the forecast period.
From 2015 to 2021, the industry flourished at a CAGR of 6%. The COVID-19 pandemic led to heightened demand for fire safety equipment, especially in the residential and healthcare sectors. Mandatory lockdowns compelled residents to stay indoors, augmenting the need for equipment such as hoses and extinguishers. Also, rapid hospitalization rates prompted healthcare authorities to beef up fire safety arrangements.
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Prominent Key players of the Fire Safety Equipment market survey report:
- Johnson Controls
- Siemens Building Technologies
- United Technologies Corp
- Eaton Corp., Inc.
- Gentex Corp.
- Space Age Electronics
- Hochiki Corp.
- Honeywell International, Inc.
Key Segments Covered in the Fire Safety Equipment Industry Report
- By Application
- Fire Safety Equipment for Residential Applications
- Fire Safety Equipment for Commercial Applications
- Fire Safety Equipment for Industrial Applications
- By Solution
- Fire Suppression Equipment
- Extinguisher
- Sprinkler
- Fire Detection Equipment
- Detector
- Alarm
- Fire Suppression Equipment
What insights does the Fire Safety Equipment Market report provide to the readers?
- Fire Safety Equipment fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Fire Safety Equipment player.
- Various regulations imposed by the governments on the consumption of Fire Safety Equipment in detail.
- Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Fire Safety Equipment.