Fire Safety Equipment Global Market Report 2024

Description

“Fire Safety Equipment Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on fire safety equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for fire safety equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The fire safety equipment market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Extinguisher; Fire Hydrant; Respirator; Other Products
2) By Solution: Fire Detection; Fire Suppression
3) By Technology: Active Fire Safety Systems; Passive Fire Safety Systems
4) By Application: Commercial; Industrial; Residential
Companies Mentioned: Bosch Security System Inc.; Hamla plc; Hochiki Corporation; Honeywell International Inc.; Johnson Controls International plc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Fire safety equipment constitutes a collection of tools and apparatus designed for extinguishing fires. This equipment is employed by both professional firefighters and individuals without formal training during a fire emergency. Additionally, fire safety equipment can be integrated into a building's infrastructure, as seen in systems like sprinklers.

The primary categories of products in fire safety equipment include extinguishers, fire hydrants, respirators, and other related items. Fire extinguishers, for instance, are portable devices employed to extinguish small fires by directing substances onto them that either cool the burning material, deprive the flames of oxygen, or interfere with the chemical reactions within the fire. Solutions within the realm of fire safety equipment also encompass fire detection and suppression, incorporating various technologies such as active and passive fire safety systems. These systems find applications in commercial, industrial, and residential settings.

The fire safety equipment market research report is one of a series of new reports from The Business Research Company that provides fire safety equipment market statistics, including fire safety equipment industry global market size, regional shares, competitors with a fire safety equipment market share, detailed fire safety equipment market segments, market trends and opportunities, and any further data you may need to thrive in the fire safety equipment industry. This fire safety equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fire safety equipment market size has grown strongly in recent years. It will grow from $45.07 billion in 2023 to $47.98 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth observed in the historical period can be attributed to several factors, including adherence to regulatory compliance, a rise in building construction activities, the effects of urbanization and population growth, increased demand for industrial and commercial development projects, and a heightened emphasis on workplace safety. These factors collectively contributed to the growth experienced during the historic period.

The fire safety equipment market size is expected to see strong growth in the next few years. It will grow to $62.24 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period is driven by various factors, including an increasing demand for sustainable and eco-friendly solutions in fire safety, elevated fire risks associated with climate change, a surge in data center construction projects, the retrofitting of existing buildings for enhanced fire safety, and the ongoing development of infrastructure. Significant trends expected in the forecast period encompass the adoption of smart fire safety systems, advancements in fire suppression technologies, the implementation of fire detection and alarm systems, the use of specialized fire protection solutions, and the integration of wireless and remote monitoring capabilities, reflecting the industry's commitment to innovative and technologically advanced fire safety measures.

The fire safety equipment market is poised for growth, driven by the rapid expansion of the construction industry. Construction, encompassing building, alteration, repair, and demolition activities, is expected to reach $1.4 trillion by 2025, according to data from Invest India, an India-based investment promotion and facilitation agency. Additionally, by 2030, India's real estate sector is projected to be valued at $1 trillion, contributing significantly to the country's GDP. The robust growth in the construction industry underscores the increasing need for fire safety equipment at construction sites, enhancing user protection from fire hazards.

The fire safety equipment market is expected to benefit from the rising demand for residential projects. The term 'residential projects' encompasses a diverse range of construction endeavors focused on creating living spaces. Fire safety equipment plays a crucial role in residential projects, contributing to fire prevention, mitigation, and the protection of individuals and property from fire-related damage. In 2022, the value of new residential construction projects in the United States was estimated at $881 billion, marking a substantial 12% increase from the previous year, as reported by This Old House Ventures Inc. This uptick in residential construction projects further fuels the demand for fire safety equipment.

A notable trend in the fire safety equipment market is the increasing prevalence of strategic partnerships. Major companies in the sector are actively engaging in partnerships to enhance their market position. For instance, in July 2021, MSA Safety Incorporated, a prominent US-based safety products manufacturer, formed a strategic partnership with Perspective Robotics AG, a Switzerland-based aerial robotics design and manufacturing firm. The collaboration aims to improve situational awareness during fire incidents, both locally and remotely, demonstrating the industry's trend toward collaborative innovation.

Major companies in the fire safety equipment market are innovating to meet growing demand by developing advanced products such as Fike Fire Monitors. These autonomous water cannons are designed to rapidly extinguish flames, particularly in challenging locations, within a remarkable 15 seconds of detection. The integration of Fike flame detectors, high-definition cameras, and thermal imaging cameras with these water cannons results in a comprehensive water-based fire suppression system. This innovative approach to fire safety equipment addresses the need for quick and effective fire response, particularly in situations where traditional methods may face limitations.

In January 2021, CertaSite, a US-based company providing fire protection services, made a strategic acquisition by purchasing Great Lakes Fire & Safety Equipment Company. This acquisition, made for an undisclosed amount, serves to enhance CertaSite's customer base and facilitate expansion into new markets. Great Lakes Fire & Safety Equipment Company, as a manufacturer of fire extinguishers, brings valuable expertise and product offerings to CertaSite, contributing to the company's growth strategy in the fire protection services sector.

Major companies operating in the fire safety equipment market include Bosch Security System Inc., Hamla PLC, Hochiki Corporation, Honeywell International Inc., Johnson Controls International PLC, Napco Security Technologies Inc., Siemens Building Technologies pvt. Ltd., Gentex Corporation, Eaton Corporation Inc., Nittan Company Ltd., Space Age Electronics Inc., Lowa Fire Equipment Company, Hiren Industrial Corporation, Larsen Manufacturing LLC, National Fire Fighting Manufacturing, Tyco International Ltd., Bosch Security System Inc., United Technologies Corp., Cooper Wheelock Inc., Panasonic Corporation, ADT Security Services Inc., WSA Fire Systems Inc., Robert Bosch GmbH, Eaton Corporation, Halma PLC, Securiton AG, Securitas AB, Secom Co. Ltd., Fire Equipment Manufacturers' Association, Walter Kidde & Company, Amerex Corporation, Ansul Incorporated, Buckeye Fire Equipment Company, Chemguard Inc., Elkhart Brass Manufacturing Company, Fike Corporation, Fireboy-Xintex LLC, Firetrace International, FlameStop Australia Pty Ltd., Minimax GmbH & Co. KG

North America was the largest region in the fire safety equipment market in 2023. The regions covered in the fire safety equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the fire safety equipment market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The fire safety equipment market consists of sales of fire bucket, fire hydrants and water mist systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r9588

1. Executive Summary

2. Fire Safety Equipment Market Characteristics

3. Fire Safety Equipment Market Trends And Strategies

4. Fire Safety Equipment Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Fire Safety Equipment Market Size and Growth

5.1. Global Fire Safety Equipment Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Fire Safety Equipment Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Fire Safety Equipment Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Fire Safety Equipment Market Segmentation

6.1. Global Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Extinguisher
Fire Hydrant
Respirator
Other Products
6.2. Global Fire Safety Equipment Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fire Detection
Fire Suppression
6.3. Global Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Active Fire Safety Systems
Passive Fire Safety Systems
6.4. Global Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Commercial
Industrial
Residential

7. Fire Safety Equipment Market Regional And Country Analysis

7.1. Global Fire Safety Equipment Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Fire Safety Equipment Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Fire Safety Equipment Market

8.1. Asia-Pacific Fire Safety Equipment Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Fire Safety Equipment Market

9.1. China Fire Safety Equipment Market Overview
9.2. China Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Fire Safety Equipment Market

10.1. India Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Fire Safety Equipment Market

11.1. Japan Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Fire Safety Equipment Market

12.1. Australia Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Fire Safety Equipment Market

13.1. Indonesia Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Fire Safety Equipment Market

14.1. South Korea Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Fire Safety Equipment Market

15.1. Western Europe Fire Safety Equipment Market Overview
15.2. Western Europe Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Fire Safety Equipment Market

16.1. UK Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Fire Safety Equipment Market

17.1. Germany Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Fire Safety Equipment Market

18.5. France Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Fire Safety Equipment Market

19.9. Italy Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Fire Safety Equipment Market

20.13. Spain Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Fire Safety Equipment Market

21.1. Eastern Europe Fire Safety Equipment Market Overview
21.2. Eastern Europe Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Fire Safety Equipment Market

22.1. Russia Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Fire Safety Equipment Market

23.1. North America Fire Safety Equipment Market Overview
23.2. North America Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Fire Safety Equipment Market

24.1. USA Fire Safety Equipment Market Overview
24.2. USA Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Fire Safety Equipment Market

25.1. Canada Fire Safety Equipment Market Overview
25.2. Canada Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Fire Safety Equipment Market

26.1. South America Fire Safety Equipment Market Overview
26.2. South America Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Fire Safety Equipment Market

27.1. Brazil Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Fire Safety Equipment Market

28.1. Middle East Fire Safety Equipment Market Overview
28.2. Middle East Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Fire Safety Equipment Market

29.1. Africa Fire Safety Equipment Market Overview
29.2. Africa Fire Safety Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Fire Safety Equipment Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Fire Safety Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Fire Safety Equipment Market Competitive Landscape And Company Profiles

30.1. Fire Safety Equipment Market Competitive Landscape
30.2. Fire Safety Equipment Market Company Profiles
- 30.2.1. Bosch Security System Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Hamla plc
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Hochiki Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Honeywell International Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Johnson Controls International plc
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Fire Safety Equipment Market Competitive Benchmarking

32. Global Fire Safety Equipment Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Fire Safety Equipment Market

34. Fire Safety Equipment Market Future Outlook and Potential Analysis

34.1 Fire Safety Equipment Market In 2028 - Countries Offering Most New Opportunities
34.2 Fire Safety Equipment Market In 2028 - Segments Offering Most New Opportunities
34.3 Fire Safety Equipment Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer