Fire Safety Equipment Market Size, Share & Trends Analysis Report By Solution (Detection, Suppression), By Application (Commercial, Industrial, Residential), And Segment Forecasts, 2023 - 2030
Fire Safety Equipment Market Growth & Trends
The global fire safety equipment market size is expected to reach USD 82.02 billion by 2030, expanding at a CAGR 6.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. Fire safety equipment plays an important role in safeguarding and alerting residents or occupants in a facility from potential fire hazards. Additionally, fire safety equipment helps save from the potential damages fire can inflict on property and life. The increased awareness regarding the vast benefits of fire safety equipment has led to a notable rise in the adoption of a variety of fire safety solutions in residential as well as commercial settings. Initially, the adoption in developing countries was low as compared to developed countries, owing chiefly to monetary constraints and a general lack of awareness among consumers. However, conscious efforts from various systems manufacturers, integrators, and dealers have helped improve the level of awareness.
By launching numerous fire safety programs and enlightening consumers about the vast benefits of fire safety equipment such as fire alarm and detection systems, fire safety equipment companies have drawn the attention of small & medium enterprises (SMEs) as well as large enterprise. This has paved the path for the market to grow steadily over the past few years. The ubiquity of high-cost advanced electronics systems in commercial and industrial facilities has further increased the need to be equipped with fire safety equipment.
Stringent fire safety regulations and standards mandating the installation of fire safety equipment in residential as well as commercial areas in several countries is also likely to boost market growth. For instance, In-duct smoke detection NFPA Standard 90A and the three model Mechanical Codes developed by the model building code groups BOCA, ICBO, and SBCCI, all require smoke detectors to be installed in certain ducts of building HVAC systems so these systems can automatically shut down during fires.
The market is also likely to benefit from advancements in wireless sensor networks and the increased adoption of wireless fire sensing devices. Growing awareness about combating fire hazards along with a substantial rise in building infrastructure development activities are also expected to be high-impact drivers for the market. Organizations across the globe are increasingly spending on the safety and security of infrastructure to reduce human losses. Implementation of fire safety codes for building and renovation activities is further expected to stimulate the demand for fire safety equipment across the globe.
Fire Safety Equipment Market Report Highlights
Reconstruction activities along with the implementation of safety codes against fire protection will positively impact market growth
Advancements in technology, including wireless alarm systems, smoke detectors, and water mist technology, will further boost growth
The rise in awareness regarding fire safety equipment and the dangerous outcomes is expected to propel market growth. However, high replacement costs of traditional fire equipment would hamper the market growth
The European Norm, National Fire Protection Act, among many other local regulations as well as listings, building codes, and approvals by nationally recognized testing laboratories have mandated the construction authorities to equip the infrastructures with adequate fire suppression and detection systems
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Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Information Procurement
1.2.1. Purchased database.
1.2.2. GVR's internal database
1.2.3. Secondary sources & third - party perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data Analysis Models
1.4. Market Formulation & Data Visualization
1.5. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Fire Safety Equipment Market Snapshot, 2022 & 2030
2.2. Solution Segment Snapshot, 2022 & 2030
2.3. Application Segment Snapshot, 2022 & 2030
2.4. Competitive Landscape Snapshot, 2022 & 2030
Chapter 3. Fire Safety Equipment Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Fire Safety Equipment Market - Value Chain Analysis
3.3. Fire Safety Equipment Market - Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunity Analysis
3.4. Industry Analysis Tools
3.4.1. Fire Safety Equipment Market - Porter's Analysis
3.4.2. Fire Safety Equipment Market - PESTEL Analysis
Chapter 4. Fire Safety Equipment Market Solution Outlook
4.1. Fire Safety Equipment Market Share by Solution, 2022 & 2030 (USD Million)
4.2. Fire Detection
4.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
4.2.2. Detectors
4.2.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
4.2.3. Alarms
4.2.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
4.3. Fire Suppression
4.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
4.3.2. Extinguisher
4.3.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
4.3.3. Sprinkler
4.3.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 5. Fire Safety Equipment Market Application Outlook
5.1. Fire Safety Equipment Market Share by Application, 2022 & 2030 (USD Million)
5.2. Commercial
5.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.3. Industrial
5.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
5.4. Residential
5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 6. Fire Safety Equipment Market: Regional Outlook
6.1. Fire Safety Equipment Market Share by Region, 2022 & 2030 (USD Million)
6.2. North America
6.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.2.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.2.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.2.4. U.S.
6.2.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.2.4.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.2.4.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.2.5. Canada
6.2.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.2.5.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.2.5.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.3. Europe
6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.3.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.3.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.3.4. U.K.
6.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.3.4.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.3.4.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.3.5. Germany
6.3.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.3.5.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.3.5.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.3.6. France
6.3.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.3.6.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.3.6.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.3.7. Italy
6.3.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.3.7.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.3.7.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.3.8. Spain
6.3.8.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.3.8.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.3.8.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.4. Asia Pacific
6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.4.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.4.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.4.4. China
6.4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.4.4.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.4.4.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.4.5. India
6.4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.4.5.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.4.5.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.4.6. Japan
6.4.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.4.6.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.4.6.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.4.7. Australia
6.4.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.4.7.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.4.7.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.4.8. South Korea
6.4.8.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.4.8.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.4.8.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.5. Latin America
6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.5.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.5.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.5.4. Brazil
6.5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.5.4.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.5.4.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.5.5. Mexico
6.5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.5.5.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.5.5.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.5.6. Argentina
6.5.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.5.6.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.5.6.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.6. Middle East & Africa
6.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.6.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.6.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.6.4. U.A.E.
6.6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.6.4.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.6.4.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.6.5. Saudi Arabia
6.6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.6.5.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.6.5.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
6.6.6. South Africa
6.6.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.6.6.2. Market Estimates and Forecast by Solution, 2018 - 2030 (USD Million)
6.6.6.3. Market Estimates and Forecast by Application, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
7.1. Company Market Ranking/Share Analysis, 2022
7.2. Company Heat Map Analysis
7.3. Strategy Mapping
7.4. Company Profiles (Overview, Financial Performance, Solution Overview, Strategic Initiatives)