Fire Safety Equipment Market Worth $114.1 Billion By 2026 | CAGR: 9.1%: Industry Players: Honeywell International, Nittan Company Ltd., Bosch Security Systems Inc.and others.

The global fire safety equipment market size is projected to reach USD 114.1 billion by 2026 growing at a CAGR of 9.1% from 2019 to 2026, according to a new research report published by Polaris Market Research. The report “Fire Safety Equipment Market Share, Size, Trends, Industry Analysis Report By Product Type (Fire Detection, Fire Suppression, Fire Analysis, Fire Response, Others); By Technology (Active Fire Safety, Passive Fire Safety); By End-User (Commercial, Residential, Industrial, Others) By Region, Segments & Forecast, 2019 – 2026” provides a wide-ranging assessment of the market with insights on the current and future market trends.

Request for a sample copy of this research report: https://www.polarismarketresearch.com/industry-analysis/fire-safety-equipment-market/request-for-sample?utm_source=openpr.com&utm_medium=referral&utm_campaign=OpenPR25March

Increase in casualties of life and property due to fire related incidents has led to importance of fire safety systems in multiple industries. Strict government enforcements and regulations related to workplace safety, and rise of automation due to smart homes/building projects are factors further contributing to the growth in adoption of fire safety equipment. Also, safety concerns have compelled strict adherence to building safety codes. Moreover, ever increasing demand from industries including oil and gas, mining has further enhanced the market growth. Emergence of new technologies such as scada solutions and wireless sensor networks provide significant growth opportunities in this market. However, high initial investments required for installation of fire safety equipment might limit the market growth in some cases.

The oil and gas, and mining sector involves high risk and is exposed to fire accidents due to presence of highly inflammable and combustible material including oil, gasoline, etc. To tackle and avoid such accidents, proper fire detection and prevention equipment are mandatorily required. Vendors are increasingly investing in developing new fire suppression systems to protect critical environment and investments across the sites. It is observed that risk management strategies are increasingly becoming an integral part across in oil and gas facilities; as a part of these strategies high quality fire safety installations are gaining traction in the market.

Make an inquiry for buying this report: https://www.polarismarketresearch.com/industry-analysis/fire-safety-equipment-market/inquire-before-buying?utm_source=openpr.com&utm_medium=referral&utm_campaign=OpenPR25March

During 2018, North America region account for the highest share amongst all regions in the fire safety equipment market. This growth in this region attributed to introduction of stringent government regulations related to workplace safety and adoption of fire protection technology. Also, growing demand from manufacturing and mining industries has contributed to the rise in adoption of fire protection systems across North America. While, the increasing adherence to building safety codes along with the rise in automated systems in buildings further supports the market growth. Asia Pacific regional market is expected to grow at the highest CAGR during the forecast period majorly due to high growth in industrial and manufacturing sectors. Moreover, continual growth in demand from healthcare, mining, and commercial sectors provides further opportunities for market growth in this region.

Some of the key players profiled in the fire safety equipment market report include Honeywell, Hochiki Corporation, Minimax Viking, Gentex Corporation, United Technologies Corporation, Siemens Building Technologies, Johnson Controls, Halma, Securiton AG, Tyco International.

Browse for full research summary : https://www.polarismarketresearch.com/industry-analysis/fire-safety-equipment-market?utm_source=openpr.com&utm_medium=referral&utm_campaign=OpenPR25March

Polaris Market Research has segmented the global fire safety equipment market size on the basis of product, technology, end user, and region:

Fire Safety Equipment by Product Type Outlook (Revenue, USD Million, 2016 – 2026)
• Fire Detection
• Fire Suppression
• Fire Analysis
• Fire Response
• Others
Fire Safety Equipment by Technology Outlook (Revenue, USD Million, 2016 – 2026)
• Active Fire Safety
• Passive Fire Safety
Fire Safety Equipment by End User Outlook (Revenue, USD Million, 2016 – 2026)
• Commercial
• Residential
• Industrial
• Others
Fire Safety Equipment by Region Outlook (Revenue, USD Million, 2016 – 2026)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
• Asia Pacific
o China
o Japan
o India
• Latin America
o Brazil
• Middle East and Africa

About 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.

Mr. Rohit
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

This release was published on openPR.