Global Fire Safety Systems and Equipment Market (2017-2023)-6Wresearch


Growing Construction Activities and Stringent Fire Safety Regulations Would Drive the Global Fire Safety Systems and Equipment Market – 6Wresearch

Increasing fire hazards, growing awareness towards loss from fire incidents and huge spending in construction activities globally are some of the key factors that would drive fire safety systems and equipment market globally during 2017-23. Rising urban population is spurring the infrastructure development and with strict monitoring and implementation of fire safety codes for buildings the market is set to grow globally, especially across the Middle East, Africa and Asia-Pacific regions.

According to 6Wresearch, Global Fire Safety Systems and Equipment market is projected to grow at a CAGR of 7.4% during 2017-23. North America is the largest market for fire safety systems and equipment due to huge construction spending and strict implementation of fire safety codes across all sectors. Technological advancement and integration of fire safety systems is a growing trend in global fire safety systems and equipment market. However, high initial investment and inconsistent fire safety regulations across different regions are expected to pose threat to the market.

According to Ravi Bhandari, Assistant Manager, 6Wresearch, “Fire sprinkler systems are the major revenue generating segment in global firefighting systems and equipment market in which wet pipe sprinkler systems are used across majority of applications such as residential buildings, retail stores, hotels, storage facilities and high rise buildings. Countries such as India, South Africa, China and USA are expected to grow at a faster pace on account of industrial and commercial developments.

“Large number of companies are present in the market and thus the market is highly competitive. Top 3 companies holds 15% market share and many organized and unorganized players are present in the market”, Ravi further added.

According to Akash Jain, Research Associate, Research and Consulting, 6Wresearch, “Firefighting systems and equipment such as fire extinguishers and sprinkler systems captured majority of the share followed by fire detection & alarm systems. Dry type fire extinguishers and clean agent fire suppression systems are popular equipment in active firefighting systems. Africa region is expected to grow at highest pace followed by Asia-Pacific due to economic development measures in these regions.”

“Commercial, hospitality and industrial verticals are the major application areas for fire safety systems and equipment market globally”, Akash Concluded.

Some of the major companies in Global Fire Safety Systems and Equipment market include- Tyco, UTC, Honeywell, Bosch, Hochiki, Fike, Minimax Viking and Siemens.

Global Fire Safety Systems and Equipment Market (2017–2023)” provides in-depth analysis with 531 figures and 31 tables covered in more than 600 pages. The report estimates and forecast the overall Global Fire Safety Systems and Equipment market by revenues, types, components, verticals such as residential, commercial, industrial and regions. The report also offer insights on competitive landscape, companies benchmarking, company profiles, market drivers and restraints.

Global Fire Safety Systems and Equipment Market (2017-2023) report graph

Press Release Source:

For Further details, please contact:
Email Us:
Call Now: +91-11-430-24-305


Author: 6wresearch- Market Intelligence Solutions

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography. Our Research Process Outsourcing (RPO) division enables our client to reduce their cost by outsourcing their research needs and focusing on their core competency. Our Business Model The prime motto of 6Wresearch is to see the exponential growth of our clients by meeting all the research requirements. 6Wresearch is pioneer in implementing 6W (what, where, when, who, when and how) model across its research cycle. We believe that exhaustive research can only be accomplished if it covers all six dimensions of research: What to invest in: What product and services is to produce to target potential market? Where to invest: Which geography to enter? When to invest: When is the right time to enter to the market? Whom to target: Who is your target consumer and buyers? Why to invest: What growth and opportunity the target market is offering? How to invest: What is the right strategy to enter the target market? Our integrated survey based model enable us to deliver real insights from key industry players which enable our clients to acquaint themselves with key industry trends & developments and devise various strategies for growth. Our Core Beliefs/Values 6Wresearch values its client and believes in maintaining long term relationship with them by providing high quality research solutions. 6Wresearch maintains its core beliefs and values by complementing Commitment towards standards, ethics and integrity, Ensuring client satisfaction, Maintaining full transparency. To find details on our members and associates please go to our directory of members.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s