Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
Fire safety equipment is increasingly being installed in various end-use sectors, including residential, industrial, and commercial settings. The market growth can be attributed to the unexpected spread of fire and the consequent profound damage to life and property that fires may cause. Moreover, the cost of environmental degradation, adding to the already increasing air pollution, water wastage, and soil contamination caused by fire explosions, are further propelling the demand for fire safety equipment. Recent innovations in the manufacturing designs of these equipment include features that aid in controlling the environmental impact caused by these fires. For example, the development of water mist sprinklers benefits in reducing water wastage by traditional hose. These systems work at creating droplets that are smaller in size, thus helping in increasing the surface area of water being dispensed. Such a system effectively controls the wastage of water and creates a thin layer of water on affected walls, thereby reducing the fire flow rate. Hence, these factors effectively contribute towards the market growth of fire safety equipment.
Honeywell International Inc. (NYSE: HON), a global leader in the fire safety equipment industry, recently launched its first cloud-based solution that provides end-to-end connectivity and visibility to fire safety systems in October 2020. The fire safety system is designed to eliminate human errors by applying digitisation principles and Internet of Things (IoT) technology. The cloud-based service gives customers remote connectivity and visibility to fire safety systems, by connecting with smartphones at anytime and anywhere. Honeywell’s Connected Life Saving Services (CLSS) are employed by various organisations in the United States for prevention against fire hazards. In addition, the global availability of Honeywell International Inc.’s cloud-based fire safety systems is augmenting the market growth. Such innovations by industry players are influencing the market growth of fire safety equipment globally.
Market Analysis by Technology, Solution, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global fire safety equipment market are Robert Bosch GmbH, Eaton Corporation Inc, Hochiki Corporation, Halma PLC, Honeywell International Inc., Gentex Corporation, and Napco Security Technologies, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.