DUBLIN--(BUSINESS WIRE)--The "India Fire Safety Equipment Market Outlook, 2026" report has been added to ResearchAndMarkets.com's offering.
The market in India is anticipated to grow at a CAGR of more than 14% in value terms in forecast periods.
Fire safety equipment market is segregated into three major parts i.e. Fire Fighting Equipment, Fire Alarm & Detection Equipment and Fire Protection Equipment. Firefighting equipment is leading the market with market share of more than 40%. By application, market is segmented into commercial, industrial and residential parts. The penetration of fire safety equipments in industrial sector is low as compare to other sectors in India.
Firefighting equipment is equipment designed to protect the user from fire. Firefighting equipment includes various equipments. By product, Fire Fighting Equipment market is segregated into two major parts first one is fire extinguisher which contains dry chemical (Powder), foam, carbon dioxide in types and second is Fire Hydrant and Sprinkler System.
Fire hydrant and sprinkler system is leading the market with market share of more than 50% in value terms. In Fire Alarm and Detection, market is segregated into product such as fire alarm and fire detection. The usage of fire safety equipment is constantly increasing with corporations and commercial entities emphasizing lately on fire safety and security.
Several state governments have now made it obligatory for commercial inception to ensure proper compliance with fire safety norms. By region, south region having the highest market share compare to east region having the lowest market share in fire safety equipments market.
With the escalation of competition as a result of entry of small domestic players as well as large multinational firms in the market, innovation and product distinction are going to be of primary importance over the next five years.
Many companies are involving in Indian market; some of the prominent companies are Honeywell Automation India Limited, Siemens India, Ceasefire Industries Limited, Safex Fire Service Limited and New Age Fire Protection Industries Pvt. Ltd. These companies are contributing the market share of more than 25% in total fire safety equipment market.
The COVID-19 has affected every aspect of life worldwide. This has led to various changes in market conditions. Due to pandemic situation, expected growth in fire and safety equipment market is not achieved as per the target. The market has measured a downfall in value terms. However, in the forecasted period it is anticipated to grow with the higher CAGR.
Considered in this report
- Geography: India
- Base year: 2020-21
- Estimated year: 2020-22
- Forecast year: 2026-27
Aspects covered in this report
- India Fire Safety market with its value and forecast along with its segments
- Region-wise India Fire Safety market analysis
- Various drivers and challenges
- On-going trends and developments
- Top profiled companies
- Strategic recommendation
Regions covered in the report
Types of Fire Safety in the report
- Fire Fighting Equipment
- Fire Alarm & Detection Equipment
- Fire Protection Equipment
Major Companies in Fire Safety market
- Ceasefire Industries Limited
- Honeywell Automation India Limited
- HD Fire Protect Private Limited
- New Age Fire Protection Industries Private Limited
- Safex Fire Services Limited
- UTC Fire and Security India Limited
- Udyogi International Private Limited
- Siemens India Limited
- Kanadia Fyr Fyter Private Limited
- Safepro Fire Services Pvt. Ltd
- Usha Fire Safety Equipments (P) Ltd
- Tyco Fire And Security India Private Limited
- Gunnebo India Private Limited
- Agni Devices Private Limited
For more information about this report visit https://www.researchandmarkets.com/r/so3fil