Fire Safety Equipment Market Size, Share & Trends Analysis Report By Application, By Product, By Type, By Solution (Detection, Suppression), By Region (APAC, MEA, North America, Europe), And Segment Forecasts, 2019 - 2025

Report Overview

The global fire safety equipment market size was estimated at USD 58.43 billion in 2018 and is anticipated to expand at a CAGR of 8.8% from 2019 to 2025. Growing demand for advanced fire safety systems for industries, such as manufacturing, utilities, petrochemical, mining, oil & gas exploration, energy & power, automotive, and construction, is anticipated to drive the market. Several developed, as well as developing, regions like North America, Asia Pacific, and Europe have implemented stringent regulations, which mandate the installation of fire safety systems at industrial, residential, and commercial places.

This factor is also contributing to the market growth. Reconstruction activities and implementation of building safety codes against fire protection are assessed to positively influence market growth. For instance, the Fire Services Law and Building Standards Law in Japan and the Code of Design for Building Fire Protection & Prevention in China. Technological advancements including water mist technology, wireless alarm system, smoke detectors, and the addition of integrating detection devices into building management are augmenting the demand further.

Emerging economies witnessing increasing construction of commercial spaces, such as supermarkets, multiplexes, shopping malls, hypermarkets, real estate, and office buildings, have also triggered the demand for detection and suppression systems to support the government norms and regulations. Enterprises across the globe are progressively spending on fire safety and security of infrastructure, thus reducing the damage caused by fire accidents. However, the high initial investment for the installation of these systems coupled with costly maintenance and replacement services is anticipated to curb the market growth.

The European Norm, National Fire Protection Act, and many other local regulations as well as listings, building codes, and approvals by nationally recognized testing laboratories have mandated the construction authorities to equip the infrastructures with adequate fire suppression and detection systems. Moreover, insurance companies provide incentives to infrastructure owners for installing such equipment, which is expected to drive the fire safety equipment market further.

Solution Insights

The market can be categorized by the solution to fire detection and suppression. The detection devices led the market in 2018 accounting for 61.6% of the revenue share and are estimated to continue its dominance over the forecast period. This growth can be attributed to the use of advanced technology in detection devices, such as wireless detection and wireless networking, which helps in reducing the installation costs. It also offers reliable wireless connections to control panels with a fully supervised wireless signal.

Also, legislative requirements including the Building Code of Australia, USA, and National Fire Protection Association have mandated the installation of detection equipment, which is expected to propel the growth of the fire detection industry. The suppression segment is anticipated to expand at the highest CAGR of 9.3% from 2019 to 2025. Wide usage of these devices across different industry verticals along with rising awareness about their advantages. Increasing investments in the development of advanced protection technology and high demand from non-residential and residential end-users are likely to propel the segment growth.

Fire Detection Product Insights

Based on the product, the fire detection market is segmented into fire detectors and alarms. Detectors led the segment in 2018. Strict juridical requirements by various countries regarding the implementation of these devices is the key factor driving the demand for detectors. For instance, in 2016, according to the National Fire Protection Association, 1,342,000 fire accidents were reported in the U.S.

The detectors segment has been further divided by type into flame, smoke, and heat. Smoke detectors led the segment in 2018 and will continue the dominance throughout the estimated period. This growth is attributed to wide usage in residential, corporate, and commercial buildings, entertainment malls, auditoriums, and other public spaces due to their low costs and a long lifespan.

Fire Suppression Product Insights

The fire suppression market can be categorized by product into extinguishers and sprinklers. The extinguishers segment accounted for 60.1% of the overall revenue share of the suppression market in 2018. The rise in the number of fire accidents and hazards subject to unsuitable housekeeping standards poorly maintained electrical circuits, and availability of stock combustible materials including inflammable gases or liquids will drive the segment. Strict government regulations mandating the installation of extinguishers in residential, industrial, commercial, and public areas will further boost the demand.

The extinguishers segment has been further categorized by type into gas, water, dry chemical powder extinguisher. Dry chemical powder extinguishers led the segment in 2018 owing to its relatively low price and high versatility. The ability of the dry chemical powder to extinguish fire across the different applications is anticipated to support segment growth. Increasing popularity and demand for lightweight extinguishers is also expected to drive the segment in the years to come.

Application Insights

Based on the application, the market is segmented into residential, commercial, and industrial. The commercial application includes hospitality, government, healthcare, telecom & IT, BFSI, retail, and institutional sectors. The segment led to the fire detection market in 2018 and is estimated to continue the trend over the forecast period. Over the past few years, the product demand has increased significantly across the retail sector owing to rapid infrastructural development, especially in urban areas.

The industrial application segment led to the fire suppression market in 2018 and is expected to retain its dominance throughout the forecast period. This segment includes energy & power, manufacturing, oil & gas, and transportation sectors. These sectors emphasize on the installation of full proof fire prevention and protection equipment, further driving the market. Water-based sprinkler equipment is used in this sector. The oil & gas and mining sectors are highly prone to fire accidents owing to the involvement of flammable materials. Thus, there is a huge demand for highly efficient fire safety systems in these sectors.

Regional Insights

North America was the dominant regional market in 2018 and was valued at USD 22.81 billion. Various countries in this region, particularly the U.S. and Canada, have significantly contributed towards market growth due to rapid infrastructural developments and implementation of stringent fire safety regulations and norms. Moreover, increasing concerns related to fire safety and security and quick adoption of technologies are several other factors driving the region’s growth. Supportive government regulations, for instance, in 2017, the U.S. government offered a tax incentive to install fire sprinklers, which are expected to bolster the product demand further.

However, Asia Pacific is poised to expand at the maximum CAGR of 12.5% from 2019 to 2025 due to significant growth opportunities in the region as a result of rapid urbanization and industrialization in emerging nations, such as India, Japan, and China. Moreover, the strong presence of sensor manufacturing companies and a high level of fire safety equipment production will contribute to the growth. Rapidly growing commercial and residential construction sectors in the region are also expected to drive the market.

Key Companies & Market Share Insights

Prominent industry participants include Robert Bosch GmbH; Eaton Corp., Inc.; Gentex Corp.; United Technologies Corp.; Space Age Electronics; Halma plc; Siemens Building Technologies; Hochiki Corp.; Nittan Company, Ltd.; Honeywell International, Inc.; Napco Security Technologies, Inc.; and Johnson Controls. Most of these companies are focusing on expanding their business in emerging markets due to numerous growth opportunities. The companies are also investing in R&D to develop simplified solutions that can reduce the installation time and overall costs.

Collaborations and M&A are other key strategies followed by the market participants to expand their customer base and enhance their product offerings. For instance, in 2016, Johnson Controls formed a merger agreement with Tyco to offer innovative and comprehensive solutions to the wider market globally.

Fire Safety Equipment Market Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Grand View Research has segmented the global fire safety equipment market report based on solution, product, type, application, and region:

• 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

• Regional Outlook (Revenue, USD Million, 2015 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa