Vietnam Market Insights on Fire Safety Equipment and Detection Devices 2019 to 2040

The Vietnam Fire Safety Equipment Market (2019-2040) encompasses fire detection systems (such as smoke and heat detectors), fire alarms, suppression equipment (including extinguishers and sprinklers), and passive fire protection products used across residential, commercial, and industrial sectors.

In 2023, the fire safety equipment segment in Vietnam was valued at approximately USD 1,200 million, with detection systems accounting for the largest share of the market. The market is projected to grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2030, reaching an estimated value of USD 2,000 million by 2030.

Suppression systems, including extinguishers and sprinklers, are also experiencing significant growth. The suppression equipment segment was valued at USD 400 million in 2023 and is expected to reach USD 600 million by 2030, with sprinklers showing the fastest growth.

Passive fire protection products, such as fire-resistant coatings and barriers, are essential for containing fires and are projected to grow at a moderate pace from USD 100 million in 2023 to USD 150 million by 2030.

The broader fire protection systems market, including detection, suppression, and related services, reached USD 1,700 million in 2023 and is forecast to grow to approximately USD 2,750 million by 2030, driven by a CAGR of around 8.5%.

Key drivers of market growth include stricter fire safety regulations, increased urbanization, and rising awareness of fire safety among businesses and homeowners. Technological advancements, such as smart fire detection systems and automated suppression technologies, are also contributing to market expansion.

Major players in the Vietnamese market include Honeywell, Johnson Controls, Bosch, Siemens, and local manufacturers that provide regionally compliant and IoT-enabled solutions for complex and high-risk environments.

In summary, the Vietnam Fire Safety Equipment Market from 2019 to 2040 is expected to experience robust growth across detection, suppression, and passive protection segments, underpinned by regulatory enforcement, infrastructure development, and adoption of smart fire prevention technologies.

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This release was published on openPR.