Fire Safety Equipment Market Size Worth $ 46.30 Billion By 2032 | CAGR: 6.7%

The global fire safety equipment market size is expected to reach USD 46.30 billion by 2032, according to a new study by Polaris Market Research. The report “Fire Safety Equipment Market Share, Size, Trends, Industry Analysis Report, By Type (Stable and Portable); By Application; By Shape; By Distribution Channel; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The fire safety equipment market is witnessing rapid growth owing to the wide range of products and services designed to prevent, detect, and minimize the impact of fires. The adoption of more sophisticated, intelligent fire safety systems is on the rise as they offer extensive monitoring, detection, and notification capabilities with the use of sophisticated sensors and multi-criteria detection technology; contemporary fire alarm systems effectively detect fires while reducing false alarms. By integrating these systems with other building management systems, it is possible to provide remote access, centralized monitoring, and immediate alerts to emergency services. These systems are further improved by intelligent algorithms, which offer self-monitoring features, real-time analysis, and predictive capabilities.

For instance, in August 2022, Honeywell introduced the Morley MAx fire detection and alarm system, which enhances building and occupant safety. Installers and end users prevail highly advanced range of capabilities that are simple to install, commission, to maintain the intelligent fire alarm control panel's small, powerful, and performance-driven design. This device has a cutting-edge 7-inch touchscreen panel with an extremely user-friendly and ergonomic interface that facilitates quicker communication and seamless evacuation of the occupants.

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In recent years, installing carbon monoxide alarms is on the rise, as it detects dangerous gas that is invisible, odorless, and colorless. Carbon monoxide is produced when various fuels burn incompletely, including gasoline, wood, coal, natural gas, propane, oil, and methane. To maximize protection, installing carbon monoxide alarms in central areas of the house and near sleeping quarters. If the alarm goes off, promptly move to a well-ventilated outdoor area or open a window or door for fresh air.

Fire Safety Equipment Market Report Highlights

• The active fire safety segment dominated the market owing to the initiation of action resulting from active fire protection is prompted by an alert or signal.
• The passive fire safety segment is projected to grow at a CAGR, mainly driven by its collection of immovable barriers such as fire-resistant walls, floors, doors.
• The detection segment accounted for the largest market share as they are essential for alerting individuals of a possible fire by detecting smoke or heat.
• The suppression segment is expected to grow at the fastest due to the need for fire extinguishers and fire hoses is continue to rise, the cost of fire extinguishers is decreasing, making them more accessible.
• The North America region dominated the market, largely attributed to the to strict regulations, urbanization, and a strong focus on fire safety.

• The global key market players include Honeywell International, Inc., Johnson Controls, Napco Security Technologies, Inc., Nittan Company Ltd., Robert Bosch GmbH, Siemens Building Technologies, Tyco International PLC, United Technologies Corp., etc.

Polaris Market Research has segmented the Fire Safety Equipment market report based on type, technology, solution, end-use, and region:

Fire Safety Equipment, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Fire Detection
• Fire Suppression
• Fire Analysis
• Fire Response
• Others

Fire Safety Equipment, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

• Active Fire Safety
• Passive Fire Safety

Fire Safety Equipment, Solution Outlook (Revenue - USD Billion, 2019 - 2032)

• Detection
  • Detector
  • Alarm
• Suppression
  • Extinguisher
  • Sprinkler

Fire Safety Equipment, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

• Commercial
• Industrial
  • Oil and gas
  • Transportation
  • Energy and power
  • Manufacturing
• Residential

Fire Safety Equipment, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Australia
• Malaysia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Fire Safety Equipment Market Report Scope