What is Fire Protection Equipment Market?
Fire protection equipment is a tool or equipment useful in extinguishing fires and preventing the spread of fires. It can be utilized by professional firefighters and untrained users on the site of a fire, or it can be integrated into the infrastructure of a building. A fire extinguisher is a device used to put out a small fire by directing onto it a substance that cools the burning fire, deprives the flame of oxygen, or interferes with the chemical reactions occurring in the fire flame. The reconstruction activities, as well as the implementation of building safety codes against fire protection, will further positively impact market growth.
Highlights from Fire Protection Equipment Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Honeywell International, Inc. (United States), Johnson Controls (Ireland), Raytheon Technologies Corporation (United States), GENTEX CORPORATION (United States), Robert Bosch GmbH (Germany), Halma plc. (United Kingdom), Ceasefire Industries Pvt. Ltd (India), Safex Fire Services Ltd (India), Reliance Fire and Safety Limited (India) and UTC Fire & Security India Ltd (India)|
The players are provides safety benefits to the consumers. So the players are focusing on the expansion of production of fire protection equipment and technological advancements in fire equipment to increase safety. These will enhance their market presence. Market conditions and best practices are constantly evolving in the fire protection industry. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Honeywell International, Inc. (United States), Johnson Controls (Ireland), Raytheon Technologies Corporation (United States), GENTEX CORPORATION (United States), Robert Bosch GmbH (Germany), Halma plc. (United Kingdom), Ceasefire Industries Pvt. Ltd (India), Safex Fire Services Ltd (India), Reliance Fire and Safety Limited (India) and UTC Fire & Security India Ltd (India) are some of the key players profiled in the study.
Fire Protection Equipment Market Segmentation:
|Application / End User||Industrial, Commercial and Residential|
|Type||Fire Extinguishers, Fire Blankets, Fire Hose Reels and Others|
On the basis of geography, the market of Fire Protection Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The Increasing Fire Safety Awareness
- Strict Regulatory Standards & Government Efforts, and Increased Rate of Fire Safety System Deployment in Various Industries
- Introduction of New Systems in Fire Protection IoT in Fire Safety Systems, IoT Enabled Connected Detectors
- High costs of Installation and Maintenance
- The Surge in Demand for Advanced Fire Safety Systems for Mining Industries, Automotive, Oil & Gas Exploration, Construction, and Energy & Power Industries
- Unavailability of Access for Fire Officers and Poor Roads
Market Leaders & Development Strategies
On 1st March 2022, National Fire & Safety, leading end-to-end fire protection and life safety solution platform announced the acquisition of Absolute Fire Protection, a leading fire and life safety service provider. This acquisition leads to the addition of the absolute NFS platform will supplement RCI’S recurring service, maintenance, and retrofit business and also expand the National Fire & Safety’s existing services capabilities in Arizona and further strengthen the platform's expand nationally.
On 10th May 2022, Belgian anticorrosion coating company, announced the launch of its epoxy passive fire protection system which can prevent corrosion and provide fire resistance in one coat. Humidur Char is two component solvent free, 100% solids and polyamine cured epoxy PFP system for the oil gas, and chemical industries. Humidur Char can be applied in one layer on minimum preparation standards, without primer or mesh, on structural steel. This coating enables the improvement of cost management but also reduces man-hours by up to 50% along with reduced asset downtime, and machinery and equipment costs.
Key Target AudienceFire Protection Equipment Manufacturers, Fire Protection Equipment Suppliers & Distributors, New Entrants/Investors, Analysts and Strategic Business Planners, Government Bodies, End-Users and Others