Global Fire Safety Equipment Market

Fire Safety Equipment Market Size, Share, Growth Analysis, By Solution(Detection, Detector, Alarm, Suppression), By Application(Commercial, Industrial, Residential), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20H2030 | Region: Global | Published Date: March, 2024
Pages: 202 | Tables: 66 | Figures: 65

Fire Safety Equipment Market News

  • In January 2024, business stakeholders featured the developing homegrown market for fire well-being and security equipment, introducing valuable open doors for nearby assembly and expected sendings out. Following the 9th International Fire, Safety, and Security Expo-2024 organized by ESSAB at the Bangabandhu International Conference Centre in Dhaka, two local firms have started the creation of heat-proof entryways, demonstrating the business' extension and neighborhood-producing capacities.

     

  • In December 2023, Accenture declared a collaboration with Unilever, a multinational consumer goods company known for its 400+ brands utilized by 3.4 billion individuals day-to-day. This strategic partnership means using Unilever's skill in computer-based intelligence exploration and innovation execution to further develop efficiency and effectiveness, and cultivate troublesome artificial intelligence-controlled advancements for enormous scope.

     

  • In November 2023, KKR, a conspicuous global investment firm, uncovered that investment funds overseen by KKR have bought Potter Global Technologies ("Potter"), a top producer of fire and life security gear, from Gryphon Investors. KKR means helping the organization in its continuous development through both natural extension and extra acquisitions. Financial details of the exchange were not unveiled.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Fire Safety Equipment Market size was valued at USD 50 billion in 2022 and is poised to grow from USD 53.20 billion in 2023 to USD 87.39 billion by 2031, growing at a CAGR of 6.4% in the forecast period (2024-2031).

The competitive landscape of the fire safety equipment market is characterized by intense rivalry and a diverse array of players striving for prominence. Established industry giants leverage their extensive experience, widespread distribution networks, and brand recognition to maintain substantial market shares. Their comprehensive portfolios encompass fire alarms, extinguishers, and suppression systems, bolstering their competitive edge. 'Honeywell International Inc. (United States)', 'Johnson Controls International plc (Ireland)', 'Siemens AG (Germany)', 'Tyco International plc (Ireland)', 'United Technologies Corporation (United States)', 'Hochiki Corporation (Japan)', 'Robert Bosch GmbH (Germany)', 'Gentex Corporation (United States)', 'Kidde (United Kingdom)', 'Minimax Viking Group (Germany)'

Rapid urbanization and industrial growth are boosting the demand for fire safety equipment across residential, commercial, and industrial sectors.

Green and Sustainable Solutions: Growing emphasis on environmental sustainability is fostering the development of eco-friendly fire safety equipment that minimizes the use of harmful chemicals and reduces environmental impact.

In 2022, North America asserted its dominance in the market, commanding a market share that exceeded 37.0%. The substantial contributions of the U.S. and Canada played a pivotal role in this growth, driven by the rapid expansion of commercial and industrial construction endeavors. This surge is further propelled by stringent fire safety regulations and standards, which serve as catalysts for regional advancement. Notably, in the U.S., the adoption and enforcement of the Fire Code by local and state jurisdictions, overseen by fire prevention officers within municipal fire departments, underscore the commitment to robust fire safety measures.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Fire Safety Equipment Market

Report ID: SQMIG20H2030

$5,300
BUY NOW GET FREE SAMPLE