North America Fire Safety Equipment Market to Witness a Tremendous Growth Due to COVID-19 Pandemic | Gentex Corporation, Halma plc, HOCHIKI Corporation

The fire safety equipment market is broadly segmented into five major regions-North America, Europe, APAC, MEA, and SAM. In terms of market share, the North America region dominated the fire safety equipment market in 2019. The North American countries, especially the US and Canada, are technologically advanced and house numerous industries, including automotive, pharmaceutical, semiconductor, and chemicals. The industry players in North American countries are increasingly emphasizing the adoption of advanced technologies, including fire safety products, to protect people during case of fire. Along with industrial growth, the region, especially the US, has a large number of multistory and high rise buildings that require fire protection systems and stringent fire & safety codes to mitigate loss caused by fire. Canada is another country witnessing infrastructural developments due to high population growth rate.

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Leading Companies Reviewed in The Market‎ Report Are:

• Bosch Sicherheitssysteme GmbH
• Eaton Corporation plc
• Gentex Corporation
• Halma plc
• HOCHIKI Corporation
• Honeywell International Inc.
• Johnson Controls, Inc.
• Napco Security Technologies, Inc.
• NITTAN COMPANY, LTD.
• Siemens AG

The fire safety equipment market has been segmented as follows:

Fire Safety Equipment Market - By Type

Detection
Detectors
Alarms
Suppression
Extinguishers
Sprinklers

Fire Safety Equipment Market - By Technology

Active Fire Protection Systems
Passive Fire Protection Systems

Fire Safety Equipment Market - By Application

Commercial
Industrial
Residential

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Impact of COVID-19 Pandemic on Fire Safety Equipment Market-

The COVID-19 virus outbreak has been affecting every business globally since December 2019. The continuous growth in the number of virus-infected patients has governments to put a bar on transportation of humans and goods. The manufacturing and construction industries, academic institutes, shopping complexes, office premises has experienced temporary shutdown in their activities to curb the spread of virus. The factory shutdowns and border lockdowns have impacted manufacturing, supply, and sales of various industries and thus stopping the production of safety products and their adoption in buildings.

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This release was published on openPR.