Dublin, Oct. 27, 2022 (GLOBE NEWSWIRE) -- The "Fire Safety Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global fire safety equipment market reached a value of US$ 47.6 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 70.88 Billion by 2027, exhibiting a CAGR of 6.86% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Fire safety equipment refer to devices that provide protection and safety to users in fire accidents. In case of any emergency or a fire, both trained firefighters and unskilled users can use them. Some of the commonly available equipment include fire-resistant gloves, sprinklers, protective gear, smoke alarms, fire blankets, communication instruments, respirators, etc.
These equipment are utilized for extinguishing fires, preventing flames from spreading, and helping people escape fires. As a result, they are extensively adopted across homes, manufacturing factories, commercial buildings, hospitals, educational institutes, etc.
Fire Safety Equipment Market Trends:
The rising incidences of fire-related accidents leading to casualties and significant loss of property are primarily driving the global fire safety equipment market. Besides this, the implementation of stringent fire hazard safety regulations by government bodies across various risk-prone industries, such as construction, oil and gas, mining, etc., is also positively influencing the market growth.
Additionally, the increasing utilization of safety codes in buildings for occupants is further augmenting the demand for the fire safety equipment. Moreover, the growing adoption of fire safety equipment in passenger and heavy-duty vehicles for ensuring safe evacuation time is propelling the global market.
Apart from this, the elevating integration of fire safety systems with advanced technologies, such as IoT, wireless sensors, artificial intelligence, etc., is further catalyzing the market growth. These innovative product variants aid in sending real-time notifications to the fire departments, monitoring ambient temperatures, avoiding false alarms, etc.
In the coming years, the emerging popularity of smart buildings coupled with numerous R&D activities to launch fire safety equipment that can withstand fire for a longer duration and produce less smoke while burning will continue to drive the global fire safety equipment market.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Carrier Global Corporation, Eaton Corporation plc, Gentex Corporation, Halma plc, HOCHIKI Corporation, Honeywell International Inc., Johnson Controls International PLC, Napco Security Technologies Inc., Nittan Co. Ltd. (Secom Co. Ltd.), Robert Bosch GmbH, Siemens AG and Space Age Electronics Inc.
Key Questions Answered in This Report:
- How has the global fire safety equipment market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global fire safety equipment market?
- What are the key regional markets?
- What is the breakup of the market based on the solution?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global fire safety equipment market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Fire Safety Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Solution
6.1 Detection
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Detectors
6.1.2.2 Alarms
6.1.3 Market Forecast
6.2 Suppression
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Extinguishers
6.2.2.2 Sprinklers
6.2.3 Market Forecast
7 Market Breakup by Application
7.1 Commercial
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Industrial
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Residential
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Region
9 SWOT Analysis
10 Value Chain Analysis
11 Porters Five Forces Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Carrier Global Corporation
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.2 Eaton Corporation plc
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.3 Gentex Corporation
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.4 Halma plc
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 HOCHIKI Corporation
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.6 Honeywell International Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.7 Johnson Controls International PLC
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Napco Security Technologies Inc.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.9 Nittan Co. Ltd. (Secom Co. Ltd.)
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Robert Bosch GmbH
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 SWOT Analysis
13.3.11 Siemens AG
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis
13.3.12 Space Age Electronics Inc.
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/6icqav
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