Press release
Food and Beverage Industry Pumps Market Projected to Reach $14.41 Billion by 2028, Fueled by Meat and Poultry Demand
Food and Beverage Industry Pumps Market
Experiencing robust growth, the fire safety equipment market is set to increase from $45.07 billion in 2023 to an estimated $47.98 billion in 2024, exhibiting a commendable Compound Annual Growth Rate (CAGR) of 6.5%. The market anticipates sustained strong growth, reaching $62.24 billion by 2028 at a CAGR of 6.7%.
Key Growth Drivers:
Construction Boom Drives Market Growth:
The rapid expansion of the construction industry is expected to be a primary driver for the growth of the fire safety equipment market. With construction activities encompassing building, altering, and demolishing structures, the widespread use of fire safety equipment at construction sites is integral. The construction industry in India, forecasted to reach $1.4 trillion by 2025, is a key contributor to the market's growth.
Residential Project Demand Boosts Market Growth:
Increasing demand for residential projects is poised to fuel the growth of the fire safety equipment market. These projects, aimed at developing living spaces, necessitate the use of fire safety equipment to prevent and mitigate fires, ensuring the safety of residents and protecting property. The US witnessed a 12% increase in the value of new residential construction projects in 2022, reaching an estimated $881 billion.
Explore the Global Fire Safety Equipment Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6126&type=smp
Major Players:
Key market players driving innovation in fire safety equipment include Bosch Security System Inc., Hamla PLC, Honeywell International Inc., Johnson Controls International PLC, Siemens Building Technologies Pvt. Ltd., and others.
Strategic Partnerships:
Strategic partnerships emerge as a prominent trend in the fire safety equipment market, with companies like MSA Safety Incorporated partnering with Perspective Robotics AG to enhance fire scene situational awareness. These partnerships aim to strengthen market positions and foster innovation.
Innovative Product Introductions:
Major companies are introducing cutting-edge products like Fike Fire Monitors, autonomous water cannons capable of extinguishing flames within 15 seconds of detection. Fike Corp.'s innovative solution combines flame detectors, high-definition cameras, and thermal imaging cameras to create an efficient water-based fire suppression system.
Regional Insights:
North America dominated the fire safety equipment market in 2023, with comprehensive coverage of regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
Market Segmentation:
The fire safety equipment market covered in this report 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
Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/fire-safety-equipment-global-market-report
Fire Safety Equipment Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Fire Safety Equipment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on fire safety equipment market size, fire safety equipment market drivers and trends, fire safety equipment market major players, competitors' revenues, fire safety equipment market positioning, and market growth across geographies. The fire safety equipment market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Fire Detection Equipment Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/fire-detection-equipment-global-market-report
Smoke Detectors Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/smoke-detectors-global-market-report
Wireless Fire Detection Systems Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/wireless-fire-detection-systems-global-market-report
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Global Market Model - Market Intelligence Database
The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Food and Beverage Industry Pumps Market Projected to Reach $14.41 Billion by 2028, Fueled by Meat and Poultry Demand here
News-ID: 3363834 • Views: …
More Releases from The Business research company
Soaring Demand Set to Propel Digital Twin Urban Lighting Network Market to $5.82 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
How Large Will the Digital Twin Urban Lighting Network Market Size By 2025?_x000D_
In recent times, there has been a significant expansion in the market size of the digital twin urban lighting network. From $1.87 billion in 2024, the market is predicted to increase to $2.35 billion in 2025,…
Transition Toward Smart Grids Is Fueling The Growth Of The Market Due To Rising …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
Data Center Transfer Switches And Switchgears Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
The market for data center transfer switches and switchgears has experienced significant growth in the recent past. The market, which was at $3.00 billion in 2024 is projected to reach $3.32…
Cryogenic Valve For Space Market Expected to Achieve 8.9% CAGR by 2029: Growth F …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
What Is the Expected CAGR for the Cryogenic Valve For Space Market Through 2025?_x000D_
Over the past few years, the market size for cryogenic valves in the space industry has seen robust growth. The market will experience an expansion from $1.33 billion in 2024 to $1.45 billion in 2025,…
Counter Swarm Drone Technology Market Trends That Will Shape the Next Decade: In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
What Will the Counter Swarm Drone Technology Industry Market Size Be by 2025?_x000D_
The market size for counter swarm drone technology has seen a significant expansion in the last few years. It is projected to rise from $1.29 billion in 2024 to $1.62 billion in 2025, with a compound…
More Releases for Safety
Water-Filled Barricades Market Report Analysis, Research Studies | OTW Safety, S …
DataM Intelligence has published a new research report on "Water-Filled Barricades Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
Get a Free Sample Research PDF -…
Safety Eyewear Market Size Development Trends, Analysis and Forecast by 2028 | B …
Global Safety Eyewear Market is an exploration report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. These bits of knowledge offered in the Safety Eyewear Market report would benefit request players to define systems for the future and gain a solid situation in the worldwide market request development.…
Welding Safety Market Business Opportunities 2026 - Top Companies are 3M Welding …
A new research study has been presented by Dataintelo.com offering a comprehensive analysis on the Global Welding Safety Market where user can benefit from the complete market research report with all the required useful information about this market. The report discusses all major market aspects with expert opinion on current market status along with historic data. This market report is a detailed study on the growth, investment opportunities, market statistics,…
Fire Blanket Market By Key Players: Tyco International, Kidde Safety, Honeywell …
Fire Blanket Industry Overview
The Fire Blanket market research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Fire Blanket market growth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and current growth of the market have been given in the scope of the research report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Fire Blanket market…
A Latest Research On Welding Safety Market Global Analysis By Key Players-3M Wel …
UpMarketResearch offers a latest published report on “Global Welding Safety Market Industry Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 91 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. The report contains basic, secondary and advanced information pertaining to the Welding Safety global status and…
Excellent Growth of Gas Masks Market- 3M, Honeywell, Avon Protection Systems, MS …
MarketResearchNest.com adds “Korea Gas Masks Market Research Report 2018” new report to its research database. The report spread across 112 pages with multiple tables and figures in it.
Korea plays an important role in global market, with market size of xx million USD in 2017 and will be xx million USD in 2025, with a CAGR of xx%.
This report studies the Gas Masks development status and future trend in Korea, focuses…
