Fire Safety Equipment Market Report by Solution (Detection, Suppression), Application (Commercial, Industrial, Residential), and Region 2024-2032

Fire Safety Equipment Market Report by Solution (Detection, Suppression), Application (Commercial, Industrial, Residential), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5941
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Market Overview:

The global fire safety equipment market size reached US$ 54.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 90.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 54.8 Billion
Market Forecast in 2032
US$ 90.5 Billion
Market Growth Rate (2024-2032) 5.6%


Fire safety equipment refer to devices that provide protection and safety to users in fire accidents. In case of any emergency or a fire, both trained firefighters and unskilled users can use them. Some of the commonly available equipment include fire-resistant gloves, sprinklers, protective gear, smoke alarms, fire blankets, communication instruments, respirators, etc. These equipment are utilized for extinguishing fires, preventing flames from spreading, and helping people escape fires. As a result, they are extensively adopted across homes, manufacturing factories, commercial buildings, hospitals, educational institutes, etc.

Fire Safety Equipment Market

Fire Safety Equipment Market Trends:

The rising incidences of fire-related accidents leading to casualties and significant loss of property are primarily driving the global fire safety equipment market. Besides this, the implementation of stringent fire hazard safety regulations by government bodies across various risk-prone industries, such as construction, oil and gas, mining, etc., is also positively influencing the market growth. Additionally, the increasing utilization of safety codes in buildings for occupants is further augmenting the demand for the fire safety equipment. Moreover, the growing adoption of fire safety equipment in passenger and heavy-duty vehicles for ensuring safe evacuation time is propelling the global market. Apart from this, the elevating integration of fire safety systems with advanced technologies, such as IoT, wireless sensors, artificial intelligence, etc., is further catalyzing the market growth. These innovative product variants aid in sending real-time notifications to the fire departments, monitoring ambient temperatures, avoiding false alarms, etc. In the coming years, the emerging popularity of smart buildings coupled with numerous R&D activities to launch fire safety equipment that can withstand fire for a longer duration and produce less smoke while burning will continue to drive the global fire safety equipment market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global fire safety equipment market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on solution and application.

Breakup by Solution:

  • Detection
    • Detectors
    • Alarms
  • Suppression
    • Extinguishers
    • Sprinklers
       

Breakup by Application:

  • Commercial
  • Industrial
  • Residential
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Carrier Global Corporation, Eaton Corporation plc, Gentex Corporation, Halma plc, HOCHIKI Corporation, Honeywell International Inc., Johnson Controls International PLC, Napco Security Technologies Inc., Nittan Co. Ltd. (Secom Co. Ltd.), Robert Bosch GmbH, Siemens AG and Space Age Electronics Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Solution, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Carrier Global Corporation, Eaton Corporation plc, Gentex Corporation, Halma plc, HOCHIKI Corporation, Honeywell International Inc., Johnson Controls International PLC, Napco Security Technologies Inc., Nittan Co. Ltd. (Secom Co. Ltd.), Robert Bosch GmbH, Siemens AG and Space Age Electronics Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global fire safety equipment market was valued at US$ 54.8 Billion in 2023.

We expect the global fire safety equipment market to exhibit a CAGR of 5.6% during 2024-2032.

The increasing incidences of fire-related accidents, along with the introduction of fire hazard safety regulations by government bodies across numerous risk-prone industries, such as construction, oil and gas, mining, etc., are primarily driving the global fire safety equipment market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for fire safety equipment.

Based on the solution, the global fire safety equipment market has been segregated into detection and suppression. Currently, detection exhibits clear dominance in the market.

Based on the application, the global fire safety equipment market can be bifurcated into commercial, industrial, and residential. Among these, the industrial sector holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global fire safety equipment market include Carrier Global Corporation, Eaton Corporation plc, Gentex Corporation, Halma plc, HOCHIKI Corporation, Honeywell International Inc., Johnson Controls International PLC, Napco Security Technologies Inc., Nittan Co. Ltd. (Secom Co. Ltd.), Robert Bosch GmbH, Siemens AG, and Space Age Electronics Inc.

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Fire Safety Equipment Market Report by Solution (Detection, Suppression), Application (Commercial, Industrial, Residential), and Region 2024-2032
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