Press release
2023 Fire Safety Equipment Market Report: Size, Share, Price, Trends, Growth And Forecast To 2032
Fire Safety Equipment Market
The Business Research Company's Fire Safety Equipment Global Market Report 2023 identifies rapid growth of the construction industry as the major driver for the Fire Safety Equipment market's growth in the forecast period. Construction is the process of building, altering, repairing, remodelling, improving, or demolishing any structures. Fire safety equipment is widely used at the construction site to protect the user from fire.
The global fire safety equipment market size grew from $42.47 billion in 2022 to $45.75 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the fire safety equipment market is expected to grow to $58.32 billion in 2027 at a CAGR of 6.3%.
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Major competitors in the Fire Safety Equipment market are Bosch Security System Inc., Hamla PLC, Hochiki Corporation, Honeywell International Inc., Johnson Controls International PLC., Napco Security Technologies Inc., Siemens Building Technologies pvt. Ltd., Gentex Corporation, Eaton Corporation Inc., Nittan Company Ltd., Space Age Electronics, Lowa Fire Equipment Company, Hiren Industrial Corporation, Larsen Manufacturing, and NAFFCO
A key trend in the Fire Safety Equipment market includes Strategic partnerships have emerged. Major companies operating in the fire safety equipment sector are focused on new partnerships to strengthen their position.
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https://www.thebusinessresearchcompany.com/report/fire-safety-equipment-global-market-report
The Fire Safety Equipment market is segmented -
1) By Product: Extinguisher, Fire Hydrant, Respirator, Other Products
2) By Solution: Fire Detection, Fire Suppression
3) By Technology: Active Fire Safety Systems, Passive Fire Safety Systems
4) By Application: Commercial, Industrial, Residential
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America as the largest region in the Fire Safety Equipment market.
The Business Research Company's "Global Fire Safety Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Fire Safety Equipment Market Include:
1. Executive Summary
2. Fire Safety Equipment Market Characteristics
3. Fire Safety Equipment Market Trends And Strategies
4. Fire Safety Equipment Market - Macro Economic Scenario
5. Fire Safety Equipment Market Size And Growth
......
26. Africa Fire Safety Equipment Market
27. Fire Safety Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fire Safety Equipment Market
29. Fire Safety Equipment Market Future Outlook and Potential Analysis
30. Appendix
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