The global FireSafety Equipment Market is expected to witness a staggering CAGR in the years to come. This could be credited to increasing concerns regarding safeguarding human property and life across the globe. Besides, the overheads associated with loss on the part of human hours owing to fire hazards has always been a matter of concern. This calls for fire safety equipment to be in place. You could bifurcate fire safety equipment based on two elements; viz fire suppression and fire detection.
It
is estimated that technological advancements like wireless sensor networks
would take the fire safety equipment market by storm in the upcoming period.
These advancements would lend a helping hand in reduction of manufacturing
costs; thereby bolstering the future market potential. Plus, stern regulations
inflicted by numerous regulatory bodies to implement fire safety procedures do
mandate organizations to make use of fire safety equipment at workplaces. This
would, in turn, boost the demand for fire safety equipment.
The
fire safety equipment market is segmented on the basis of technology, solution,
application, and geography. By technology, the segmentation spans passive and
active. By solution, the segmentation comprises fire suppression and fire
detection (mentioned above). By application, the market could span residential,
commercial, and industrial. By geography, the fire safety equipment industry
says LATAM, North America, Asia Pacific excluding Japan, Japan, Eastern Europe,
Western Europe, and MEA.
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North
America and Europe have been at the forefront with respect to employment of
fire safety equipment. Asia Pacific is expected to grow at the quickest pace
due to stupendous urbanization in economies like India. LATAM is also catching
up due to Brazil getting industry-centric. MEA would be the torchbearer in
future due to influx of shopping malls in Dubai.
The
players contributing to the fire safety equipment market include Tyco
International, United Technologies, Gentex Corporation, WSA Fire Systems, ADT
Security Services, Inc., Panasonic Corporation, Cooper Wheelock, Siemens
Building Technologies, and Honeywell Security & Communications.
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Fire Safety Equipment Solution
Outlook (Revenue, USD Million, 2015 - 2025)
• Detection
• Suppression
Fire
Detection Product Outlook (Revenue, USD Million, 2015 - 2025)
• Detectors
• Alarms
Fire
Detectors Type Outlook (Revenue, USD Million, 2015 - 2025)
• Flame
• Smoke
• Heat
Fire
Detection Application Outlook (Revenue, USD Million, 2015 - 2025)
• Commercial
• Industrial
• Residential
Fire
Suppression Product Outlook (Revenue, USD Million, 2015 - 2025)
• Extinguishers
• Sprinklers
Fire
Extinguishers Type Outlook (Revenue, USD Million, 2015 - 2025)
• Gas
• Water
• Dry Chemical Powder
• Others
Fire
Suppression Application Outlook (Revenue, USD Million, 2015 - 2025)
• Commercial
• Industrial
• Residential
Fire
Safety Equipment Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• Japan
• India
• Latin America
• Brazil
• Mexico
• Middle East & Africa
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