Fire Safety Equipment Market Size, Share, Growth analysis 2027

Fire Safety Equipment Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Solution (Detection, Suppression); Technology (Active Fire Protection Systems, Passive Fire Protection Systems); Application (Commercial, Industrial, and Residential)

Publication Month : Dec 2020

  • Report Code : TIPRE00013824
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 209
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In terms of revenue, the fire safety equipment market was valued at US$ 10,362.1 million in 2019 and is projected to reach US$ 13,562.9 million by 2027; it is expected to grow at a CAGR of 4.3% during the forecast period from 2020 to 2027.

The fire safety equipment market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. In terms of market share, the North America region dominated the fire safety equipment market in 2019. The North American countries, especially the US and Canada, are technologically advanced and house numerous industries, including automotive, pharmaceutical, semiconductor, and chemicals. The industry players in North American countries are increasingly emphasizing the adoption of advanced technologies, including fire safety products, to protect people during case of fire. Along with industrial growth, the region, especially the US, has a large number of multistory and high rise buildings that require fire protection systems and stringent fire & safety codes to mitigate loss caused by fire. Canada is another country witnessing infrastructural developments due to high population growth rate.    

Impact of COVID-19 Pandemic on Fire Safety Equipment Market

The COVID-19 virus outbreak has been affecting every business globally since December 2019. The continuous growth in the number of virus-infected patients has governments to put a bar on transportation of humans and goods. The manufacturing and construction industries, academic institutes, shopping complexes, office premises has experienced temporary shutdown in their activities to curb the spread of virus. The factory shutdowns and border lockdowns have impacted manufacturing, supply, and sales of various industries and thus stopping the production of safety products and their adoption in buildings.

However, after 6-7 months of lockdown, now the businesses are getting resumed including construction industry. With construction projects getting commenced, the procurement of new fire safety products will rise gradually with ease of supply chain. It is important to note that imposition regarding travel ban and closure of businesses on temporary basis are made to control spread of COVID-19 and therefore, need to consider Fire Risk Assessment is necessary as movement of people was limited.

Lucrative Regional Fire Safety Equipment Market

Lucrative Regional Fire Safety Equipment Market
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Market Insights–Fire Safety Equipment Market

Provision Environment Standards for Environment Safety

In an event of a fire in buildings, the fire resistance time of the products and materials is the most critical variable. During last two decades, a vibrant growth in construction industry has been witnessed, majorly in high rise buildings. Fire in residential buildings, especially in high rise buildings, becomes more complex and rescuing task becomes difficult. With rapid modernization of construction industry, the government bodies of various countries have levied regulations for combating potential fire hazards. The US, Canada, Australia, Mexico, UK, Germany, Spain, Italy, China, and India have laid down stringent regulations.

Type Segment Insights

Based on type, the detection is the leading segment in the global fire safety equipment market during the forecast period. Fire detection systems are vital elements of building design. For any multi-winged structures and high-rise buildings, fire detection systems are a must.

Technology Segment Insights

Based on technology, the passive fire protection system is the leading segment in the global fire safety equipment market during the forecast period. As passive fire protection assists in preventing fire from spreading its initial ignition into any area of buildings, this technology is getting used at a high rate compared to active fire protection systems.

Fire Safety Equipment Market, by Application (% share)

Fire Safety Equipment Market, by Application (% share)
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Application Segment Insights

Based on application, the commercial segment is the leading segment in the global fire safety equipment market during the forecast period. With an increase in construction of commercial buildings—such as shopping complexes, warehouses, and distribution center, and office premises—across the world, the demand to integrate fire alarms, emergency lights & exit signs, fire extinguishers, and fire sprinklers is also booming.

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Fire Safety Equipment Market: Strategic Insights

fire-safety-equipment-market
Market Size Value inUS$ 10,362.1 million in 2019
Market Size Value byUS$ 13,562.9 Million by 2027
Growth rateCAGR of 4.3% from 2019 to 2027
Forecast Period2019 - 2027
Base Year2019
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

  • In 2020, NITTAN COMPANY, LTD. updated a new conventional beam type smoke detector (CKLD-KPT2), which comprises an infra-red transmitter and a receiver.
  • In 2019, Halma plc had acquired Ampac to support its strategy of growing geographical footprint and increasing fire system offerings. Ampac is a leading fire and evacuation systems supplier in the Australian and New Zealand markets.
  • In 2018, HOCHIKI Corporation had modified its fire protection systems with UL test laboratory's approval that today's single-sensor technology would not be able to comply with the new standards. Substantial changes have been made to the detector construction both from inside and outside, including airflow, sensing technology, and smoke chamber size & shape.

The global fire safety equipment market has been segmented as follows:


Fire Safety Equipment Market – By Type

  • Detection
    • Detectors
    • Alarms
  • Suppression
    • Extinguishers
    • Sprinklers

Fire Safety Equipment Market – By Technology

  • Active Fire Protection Systems
  • Passive Fire Protection Systems

Fire Safety Equipment Market – By Application

  • Commercial
  • Industrial
  • Residential

Fire Safety Equipment Market- By Region

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East and Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Argentina
    • Rest of SAM

Air quality sensor Market – Companies Profiles

  • Aeroqual Limited
  • Honeywell International Inc.
  • MetOne Instruments, Inc
  • Schneider Electric SE
  • Siemens AG
  • Renesas Electronics Corporation
  • energomonitor s.r.o
  • Sensirion AG Switzerland
  • Suez
  • Zhengzhou Winsen Electronics Technology Co., Ltd
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Application, End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are reasons behind fire safety equipment market growth?

The growth of the fire safety equipment market is primarily due to the growth in construction sector. The construction sector is getting flourished with infrastructural projects in recent times. This trend is anticipated to endure over the years, and thereby creating a huge potential for commercial and industrial constructions. Governments of various countries are undertaking initiatives with a motive to support the construction industry. The growth phase in construction industry and building design has introduced more professional designs, construction methods, and technologies to fulfill the demand of fire safety. With growing construction, the infrastructure projects in the commercial and residential sector are booming. Malls, dwellings, hotels, domestic and residential buildings especially the high-rise building are witnessing huge growth. The multi-storey and high-rise buildings have garnered a significant attention in fire safety in recent few years. The code bodies, local, regional, and national governments are all engaged in increasing the safety of high-rise building. The US, Japan, the UAE, China, South Korea, and Australia are among countries with a large number of skyscrapers. The numerous skyscrapers in countries are contributing toward the adoption of fire safety equipment. Strong economic conditions and low rates of interest are contributing toward the expansion of construction in Asia Pacific, North America, and the Middle East. The construction industry in the US, Canada, China, and India is experiencing a steady growth in their commercial and residential construction sectors. Progression in the construction of Private housing, commercial office construction, and commercial retail, is anticipated to provide prosperous growth opportunities to the market across the globe, thus, positively impacting the fire safety equipment market.

What are market opportunities for fire safety equipment?

Increase in conceptualization of smart cities and buildings is expected to create significant opportunity of the fire safety equipment market growth. With the developing economy, innovative technologies have been initiated to transform the urban landscape. The World Bank outlines a technology-intensive smart city which would be having interconnected networks and sensing technologies. Most of upcoming cities would be having high-rise buildings as well as dense concentration of buildings, which would make it mandatory to address fire situation to mitigate any loss of property and life. With the help of emerging technologies such as IoT, the effectiveness of fire response can be increased. An IoT-enabled sensing technology with gateways connected to a backbone cloud-based software & apps is an important requirement for smart cities and buildings to enable fire safety. IoT-based systems for fire safety, such as centralized fire monitoring platform, significantly help in enhancing the effectiveness and speed of response. Advancement of wireless technologies, majorly for IoT enabled sensors, and easy access to internet connectivity and bandwidth is another aspect which would contribute toward the adoption of fire safety. IoT sensors are installed to monitor electrical systems and identify active heat sources on a continuous basis. Once a temperature spike is identified, a notification is sent immediately to take necessary inspections to prevent potential catastrophes. The IoT temperature sensors overcome challenges of old smoke detectors by identifying ignited fires much faster before they emit smoke. Therefore, with increasing conceptualization of smart cities, smart offices, and smart buildings across the world, the scope of integration of IoT-based fire safety system would also expand, thereby influencing the market growth.

Which solution-based segment is expected to dominate the market in the forecast period?

The fire safety equipment market is led by detection segment with highest share and is expected to dominate in the forecast period. Fire detection systems are vital elements of building design. For any multi-winged structures and high-rise buildings, fire detection systems are a must. Therefore, the electrical contractors enlist the expert services of National Institute for Certification in Engineering Technologies (NICET) certified designers to equip the buildings with an effective and efficient fire detection & alarm system. The design of detection systems should meet or exceed all elements of NFPA and local code requirements to have greater safety.

The List of Companies - Fire Safety Equipment Market

  1. Bosch Sicherheitssysteme GmbH
  2. Eaton Corporation plc
  3. Gentex Corporation
  4. Halma plc
  5. HOCHIKI Corporation
  6. Honeywell International Inc.
  7. Johnson Controls, Inc.
  8. Napco Security Technologies, Inc.
  9. NITTAN COMPANY, LTD.
  10. Siemens AG

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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