The global fire safety equipment market size reached USD 54.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 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
USD 54.8 Billion
Market Forecast in 2032
USD 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 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 equipmentmarket 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 report has also provided a comprehensive analysis of the competitive landscape in the global fire safety equipmentmarket. Detailed profiles of all major companies have also been provided. Some of the companies covered 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
Space Age Electronics Inc.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
Billion USD
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
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 USD 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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