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Global Fire Safety Equipment Market Size, Share, Forecast: By Technology: Passive Fire Safety Systems, Active Fire Safety Systems; By Solution: Detection, Suppression; By Application: Commercial, Industrial, Residential; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Fire Safety Equipment Market Outlook
The global fire safety equipment market attained a value of about USD 51.86 billion in 2023 and expected to grow at a CAGR of 6.7% during the forecast period of 2024-2032 to reach nearly USD 92.80 billion by 2032.
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Expansion Of the IT and Retail Sector to Boost the Market Growth of Fire Safety Equipment
Safeguarding human life and property from natural or man-made disasters like fires are the primary factors that invigorate the demand for fire safety equipment in various applications. In addition, the massive industrialisation and urbanisation in the developing countries of the Asia Pacific region like India and China are necessitating the requirement of an established system to detect and prevent fires. The dynamic expansion of the IT and retail sector in India, owing to favourable policies and foreign investments, is surging the demand for fire prevention systems like fire alarms and extinguishers to ensure the safety of people.
Further, the favourable government policies like Japan’s Fire Services Law and Building Standards Law, and China’s Code of Design for Building Fire Protection and Prevention mandate the implementation of fire safety equipment in new constructions, and reconstruction and renovation projects, further influencing the growth of the industry. In addition to this, due to the rising awareness programmes, which could be through the elementary education or/and the digital and print media, the demand from the residential sector is expected to boost the industry growth.
Fire Safety Equipment: Market Segmentation
Fire safety equipment includes devices designed to provide protection and safety to users in case of fire accidents. These are specifically manufactured to provide protection and assistance by capturing early signs of potential fires. These devices broadly include alarms and fire extinguishers and find applications in residential, commercial, and industrial use.
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On the basis of technology, the market can be segmented into:
- Passive Fire Safety Systems
- Active Fire Safety Systems
Based on solution, the market can be broadly categorised into:
- Detection
- The different types of products are:
- Detectors
- Alarms
- The types of detectors in the market are:
- Flame
- Smoke
- Heat
- The different types of products are:
- Suppression
- Fire Extinguishers
- Gas
- Water
- Dry Chemical Powder
- Sprinklers
- Fire Extinguishers
On the basis of application, the market can be classified into:
- Commercial
- Industrial
- Residential
The EMR report looks into the regional markets of fire safety equipment like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Technological Integration in Fire Safety Equipment to Bolster the Market Growth
Integration of advanced technology in fire safety equipment is anticipated to boost the market over the forecast period. The risk of life and property associated with fires are encouraging manufacturers to include cutting-edge technologies in fire safety equipment. With smart cities emerging as future-ready infrastructures, Internet of Things (IoT) driven Smart Connected Things (Scot) is deployed in the construction of smart buildings. These systems use sensors to read a building’s temperature with precision and are designed to detect the potential presence of fire before the traditional smoke detectors. This is expected to strengthen the market growth over the forecast period.
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Furthermore, smoke detectors equipped with advanced sensor technology that distinguish cooking-induced smoke from smoke born out of the fire and detect the source of fire are emerging as promising technologies, especially in the residential and hospitality sector. Furthermore, visual image detection (VID) software programmed to recognise pixels indicative of fire smoke and that can alert the residents and the fire safety department is anticipated to invigorate market growth in the coming years. Such developments in the industry are expected to propel market growth over the forecast period.
Key Industry Players in the Global Fire Safety Equipment Market
The report presents a detailed analysis of the following key players in the global fire safety equipment market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
- Robert Bosch GmbH
- Eaton Corporation Inc
- Hochiki Corporation
- Halma PLC
- Honeywell International Inc.
- Gentex Corporation
- Napco Security Technologies, Inc.
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter's Five Forces Model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Solution |
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| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Fire Safety Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Fire Safety Equipment Historical Market (2018-2023)
8.3 Global Fire Safety Equipment Market Forecast (2024-2032)
8.4 Global Fire Safety Equipment Market by Technology
8.4.1 Passive Fire Safety Systems
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Active Fire Safety Systems
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Fire Safety Equipment Market by Solution
8.5.1 Detection
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Product
8.5.1.3.1 Detectors
8.5.1.3.1.1 Historical Trend (2018-2023)
8.5.1.3.1.2 Forecast Trend (2024-2032)
8.5.1.3.2 Alarms
8.5.1.3.2.1 Historical Trend (2018-2023)
8.5.1.3.2.2 Forecast Trend (2024-2032)
8.5.1.4 Breakup by Detectors Type
8.5.1.4.1 Flame
8.5.1.4.1.1 Historical Trend (2018-2023)
8.5.1.4.1.2 Forecast Trend (2024-2032)
8.5.1.4.2 Smoke
8.5.1.4.2.1 Historical Trend (2018-2023)
8.5.1.4.2.2 Forecast Trend (2024-2032)
8.5.1.4.3 Heat
8.5.1.4.3.1 Historical Trend (2018-2023)
8.5.1.4.3.2 Forecast Trend (2024-2032)
8.5.2 Suppression
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.2.3 Breakup by Product
8.5.2.3.1 Fire Extinguishers
8.5.2.3.1.1 Historical Trend (2018-2023)
8.5.2.3.1.2 Forecast Trend (2024-2032)
8.5.2.3.2 Sprinklers
8.5.2.3.2.1 Historical Trend (2018-2023)
8.5.2.3.2.2 Forecast Trend (2024-2032)
8.5.2.4 Breakup by Fire Extinguishers
8.5.2.4.1 Gas
8.5.2.4.1.1 Historical Trend (2018-2023)
8.5.2.4.1.2 Forecast Trend (2024-2032)
8.5.2.4.2 Water
8.5.2.4.2.1 Historical Trend (2018-2023)
8.5.2.4.2.2 Forecast Trend (2024-2032)
8.5.2.4.3 Dry chemical powder
8.5.2.4.3.1 Historical Trend (2018-2023)
8.5.2.4.3.2 Forecast Trend (2024-2032)
8.6 Global Fire Safety Equipment Market by Application
8.6.1 Commercial
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Industrial
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Residential
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Fire Safety Equipment Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Fire Safety Equipment Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Fire Safety Equipment Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Fire Safety Equipment Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Fire Safety Equipment Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Fire Safety Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code: 842410, 842490)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Robert Bosch GmbH
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Eaton Corporation Inc (NYSE: ETN)
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Hochiki Corporation (TYO: 6745)
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Halma PLC (LON: HLMA)
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Honeywell International Inc. (NYSE: HON)
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Gentex Corporation(NASDAQ: GNTX)
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Napco Security Technologies, Inc.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fire Safety Equipment Market: Key Industry Highlights, 2018 and 2032
2. Global Fire Safety Equipment Historical Market: Breakup by Solution (USD Billion), 2018-2023
3. Global Fire Safety Equipment Market Forecast: Breakup by Solution (USD Billion), 2024-2032
4. Global Fire Safety Equipment Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Fire Safety Equipment Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Fire Safety Equipment Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Fire Safety Equipment Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Global Fire Safety Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Global Fire Safety Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Global Fire Safety Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Global Fire Safety Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Global Fire Safety Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Global Fire Safety Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Global Fire Safety Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Global Fire Safety Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Global Fire Safety Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Global Fire Safety Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Fire Safety Equipment Market Structure
Key Questions Answered in the Report
The global fire safety equipment market attained a value of nearly USD 51.86 billion in 2023.
The market is projected to grow at a CAGR of 6.7% in the forecast period of 2024-2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 92.80 billion by 2032.
The market is being driven by rapid industrialisation and urbanisation, favourable government policies, and rising awareness regarding fire safety.
Surge in manufacturing practices to include smart technology driven by software like Internet of Things (IoT) in fire safety equipment is expected to be a key trend guiding the market.
The major regional markets for fire safety equipment are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The different types of technology are passive and active fire safety systems.
The various solutions of fire safety equipment considered in the market report are detection and suppression.
The significant applications of fire safety equipment include commercial, residential, and industrial.
The major players in the market are Robert Bosch GmbH, Eaton Corporation Inc, Hochiki Corporation, Halma PLC, Honeywell International Inc., Gentex Corporation, and Napco Security Technologies, Inc., among others.
Analyst Review
The global fire safety equipment market attained a value of about USD 51.86 billion in 2023, driven by the growing implementation of fire safety equipment in construction projects. Aided by the emergence of smart fire-detecting sensors, the market is expected to grow at a CAGR of 6.7% in the forecast period of 2024-2032 to reach nearly USD 92.80 billion by 2032.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of technology, the market is divided into passive fire safety systems and active fire safety systems. The market, on the basis of solution, is broadly categorised into detection and suppression. The major applications of fire safety equipment include commercial, residential, and industrial. The major regional markets for fire safety equipment are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry are Robert Bosch GmbH, Eaton Corporation Inc, Hochiki Corporation, Halma PLC, Honeywell International Inc., Gentex Corporation, and Napco Security Technologies, Inc., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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