Fire Safety Equipment Market Size, Share & Trends Analysis Report By Solution Type (Fire Detection, Fire Suppression), By Product Type (Detectors, Alarms, Extinguishers, Sprinklers), By Application, And Segment Forecasts, 2012 - 2022

Industry Insights

The global fire safety equipment market size was estimated at USD 27.04 billion in 2016, growing at a CAGR of 8.5% during forecast period. Conducive government regulations impelling the usage of these devices are projected to fuel demand in the next seven years. The market is saturated in nature owing to the presence of numerous ongoing projects and mandatory applications across the industrial and commercial sector. 

The improvement in the construction industry and subsequent development of infrastructure in developing economies has fostered the growth of fire alarm & detection equipment. The implementation of these devices has enabled in improving the safety quotient for various structures. Furthermore, with the technological development, the introduction of the wireless and addressable system has been the key to the improvement in the response time and has also assisted in reducing the false alarm frequency. Additionally, another key factor contributing towards the growth is the rising stringency in fire safety regulations.

The fire safety industry has amplified its effort towards increasing the stringency of safety standards and codes. This has enforced various manufacturers in developing intelligent components and robust systems such as the wireless and the aspirating system.

The end-user located in technologically advanced regions such as Europe and North America have seen a steady demand over the past three years and is also projected to continue the similar growth trend. However, due to lack of stringency in regulation, and high cost of equipment in the developing regions are yet to witness the upsurge in demand. 

Advances such as water mist technology, hypoxic air technology, voice evacuation announcements, infrared/laser optical smoke detectors, and wireless alarm systems combined with increasing integration of fire protection across building management systems are estimated to drive the industry over the forecast period.

Solution Insights

The market has been categorized on the basis of suppression and detection. Detection devices emerged as largest segment while accounting for around 61% of the overall share in 2015 and is anticipated to maintain its dominance in the next seven years.

Alarm system detects and warns people through audio and video appliances when carbon monoxide, smoke, or other emergencies are present. It is intended for enabling a heat to be detected at a sufficiently early stage, allowing people at risk to be made safe either by the fire being extinguished or escaping from it. Its effectiveness varies, depending on the stage at which the system is operated.

Increasing number of manufacturing activities across developing economies such as China, India, and Middle East & Africa are projected to augment the demand for flame suppression products over the forecast period. Advances in technology including wireless alarm systems, water mist technology, integrating flame detection devices, and smoke detectors into building management are estimated to provide momentum for the industry in the next seven years.

Legislative requirements from various countries including the USA and Building Code of Australia, and NFPA (National Fire Protection Association) have mandated the installation of flame suppression and detection devices thereby driving the demand for such devices.

Product Insights

The suppression equipment industry is classified into sprinklers and extinguishers. Extinguisher equipment accounted for USD 6.29 billion in 2016. It comprises a water, dry chemical powder, and gas extinguishers. Strict regulations imposed by safety authorities and government organizations demanding a certain number of fire extinguishers to be installed across residential, commercial, and industrial sectors are anticipated to increase demand.

The detection segment is classified into alarms and detectors. Detectors include smoke, flame, and heat. A smoke detector senses smoke, typically as an indicator of flame. Household detectors, known as smoke alarms, issue a local visual or audible alarm from the detector itself whereas commercial security devices issue a signal to a alarm control panel.

Smoke detectors accounted for about 46% of the share in detector products in 2014. Stringent juridical norms by various countries such as NFPA and Building Code of Australia have regulated the installation of detection devices, thereby leading to their growing adoption in residential, and commercial buildings.

Application Insights

Application sectors evaluated in the study include residential, commercial, and industrial sectors. Commercial sector comprises retail, healthcare, BFSI, government, healthcare, telecom & IT & institutional sector. The fire safety equipment applications in commercial areas include pre-engineered extinguishing systems and sprinkler-based extinguishing systems. For instance, in commercial cooking operations, the UL 300 standard is applied to extinguishing systems and is deliberated for the protection of cooking areas.

Similarly, sprinklers systems are installed in commercial areas, which are designed to discharge water over long periods of time. UL standards and test requirements for the safety equipment are developed in consideration with end-use products along with requirements described in the nationally recognized installation codes and standards. 

The industrial segment comprises of manufacturing, oil & gas, energy & power, and transportation sectors. The segment was valued at USD 4,183.5 million in 2014. Oil & gas industry is considered the potentially dangerous industry; hence, flame safety plays a vital role in cultivating a protective environment for asset and human safety.

Several countries such as the U.S, South Korea, Australia, and China have made it mandatory to have flame safety equipment on the premises and also offer training programs and courses for better performance. For instance, Canadian oil & gas industry recognizes that the workers should have completed their safety orientation programs and are aware of all the safety parameters across the industry.

Regional Insights

North America was the major shareholder, accounted for 43% of the total market revenue in 2014. North America has a presence of major alarm & detection system manufacturers namely Gentex Corporation, Emerson, Honeywell International, Inc., and Johnson Controls.

As these companies are actively involved in the spreading the awareness regarding fire safety, the market is expected to hold the largest share and will continue its dominance over the forecast period. In the U.S. over 75% of the states have passed a legislation stating the mandatory implementation of CO (Carbon Monoxide) alarm, thus the market is expected to hold the largest share throughout the next seven years.

Asia Pacific is projected to grow with a considerable CAGR of 12.9% from 2015 to 2022 owing to the increasing awareness among the end-consumers, and thriving construction sector in countries such as India and China over the last few years. Additionally, the growing requirements for public and workplace safety has led to the increase in adoption of flame safety systems.

Competitive Insights

Key industry participants include Halma PLC, Gentex Corporation, Johnson Controls, Honeywell International, Inc., Siemens AG, RobertBosch GMBH, United Technologies Corporation (UTC), and TYCO. Strong demand for industry products coupled with limited price-based competition internally will probably contribute to enhanced profitability across industry operators.

Technological development and product innovation, driven primarily by efforts to ensure compliance with the latest NFPA and International Building Code (IBC) standards are anticipated to enhance safety and detection features in alarm systems.

Report Scope

Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2012 to 2022. For the purpose of this study, Grand View Research has segmented the global fire safety equipment market report on the basis of product, solution, application, and region:

• Fire Safety Equipment Solution Outlook (Revenue, USD Million, 2012 - 2022)

  • Detection

  • Suppression

• Fire Detection Equipment Product Outlook (Revenue, USD Million, 2012 - 2022)

  • Detectors

    • Flame

    • Smoke

    • Heat

  • Alarms

• Fire Detection Equipment Application Outlook (Revenue, USD Million, 2012 - 2022)

  • Commercial

  • Industrial

  • Residential

• Fire Suppression Equipment Product Outlook (Revenue, USD Million, 2012 - 2022)

  • Fire extinguishers

    • Gas

    • Water

    • Dry chemical powder

    • Others

  • Fire sprinklers

• Fire Suppression Equipment Application Outlook (Revenue, USD Million, 2012 - 2022)

  • Commercial

  • Industrial

  • Residential

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa