Fire Safety Equipment Market Highlights by Competitive Scenario with Impact of New Innovations, Drivers and Challenges to 2026: Nittan Company, United Technologies, Bosch Security, Johnson Controls

Market Dynamics:-

According to the new market research report fire safety equipment market is anticipated to reach around $114.1 billion by 2026 according to Polaris Market Research. In 2017, the industrial segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global fire safety equipment market.

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Market Ecosystem:

• Honeywell International,
• Nittan Company Ltd.,
• United Technologies Corporation,
• Bosch Security Systems Inc., J
• ohnson Controls Inc.,
• Siemens Building Technologies,
• Hochiki Corporation,
• Minimax Viking GmbH,
• Tyco International PLC, and
• Gentex Corporation among others.

The objectives of the study are as follows:

• The increasing loss of life and property due to fire accidents drives the growth of fire safety equipment market. Stringent government regulations regarding workplace safety, and growing automation in smart homes and buildings further accelerate the adoption of fire safety equipment.

• Increasing safety concerns, strict implementation of building safety codes, and growing demand from industries such as oil and gas, and mining among others further augment market growth. However, high costs of fire safety equipment limit the growth of the fire safety equipment market.

• New emerging markets, technological advancements, innovation in Scada solutions and advancements in wireless sensor networks would provide growth opportunities for fire safety equipment market in the coming years.

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In 2017, North America accounted for the highest share in the global fire safety equipment market. Introduction of stringent government regarding safety at workplace majorly drives the market growth in this region.

Additionally, the increasing demand from the manufacturing and mining industries has accelerated the adoption of fire safety equipment in North America. The increasing automation in homes and buildings and mandates regarding implementation of building safety codes further supports market growth in the region.

Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing industrialization and growth in manufacturing industries. Rising demand from healthcare, mining, and commercial sectors would supplement the market growth in this region.

Report Scope:

Fire Safety Equipment, by Product:
• Fire Safety Equipment Detection
• Fire Safety Equipment Suppression
• Fire Safety Equipment Sprinkler
• Fire Safety Equipment Analysis
• Fire Safety Equipment Response

About us Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

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