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Report Overview

The global fire safety equipment market attained a value of about USD 51.86 billion in 2024 and expected to grow at a CAGR of 6.7% during the forecast period of 2025-2034 to reach nearly USD 92.80 billion by 2034.         

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Global Fire Safety Equipment Market

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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.

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
  • Suppression
    • Fire Extinguishers 
      • Gas
      • Water
      • Dry Chemical Powder
    • Sprinklers

On the basis of application, the market can be classified into:

  • Commercial
  • Industrial
  • Residential

Looks into the regional markets of fire safety equipment like:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Fire Safety Equipment Market

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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.

Global Fire Safety Equipment Market

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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.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global fire safety equipment market attained a value of nearly USD 51.86 billion in 2024.

The market is projected to grow at a CAGR of 6.7% in the forecast period of 2025-2034.

The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach about USD 92.80 billion by 2034.         

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. 

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • Solution
  • Application
  • Region
Breakup by Technology
  • Passive Fire Safety Systems
  • Active Fire Safety Systems
Breakup by Solution
  • Detection
  • Suppression
Breakup by Application
  • Commercial 
  • Industrial
  • Residential
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Robert Bosch GmbH
  • Eaton Corporation Inc (NYSE: ETN)
  • Hochiki Corporation (TYO: 6745)
  • Halma PLC (LON: HLMA)
  • Honeywell International Inc. (NYSE: HON)
  • Gentex Corporation(NASDAQ: GNTX)
  • Napco Security Technologies, Inc.
  • Others
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