Press Release

polaris market research

Fire Safety Equipment Market To 2026 – Emerging Opportunities And Growth Statistics

January 13th, 2022 9:05 AM

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.

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.

Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/fire-safety-equipment-market/request-for-sample

 

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.

 

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.

 

To get Incredible Discounts on this Premium Report, Click At : https://www.polarismarketresearch.com/industry-analysis/fire-safety-equipment-market/request-for-discount-pricing

 

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact Us:

Polaris Market Research

Phone: 1–646–568–9980

Emailsales@polarismarketresearch.com

Webhttp://www.polarismarketresearch.com

Press Release

  • Recent
  • Popular
  • Comments
  • Mesenchymal Stem Cells Industry Size 2028 – Global Industry Sales, Revenue, Price trends and More

    Learn More
  • Medical Disposable Industry 2021 Industry Expansion by Development, Technology Leadership, Size, and Forecast by 2028

    Learn More
  • Autonomous Cars Market Trends, Size, Growth and Forecast to 2026

    Learn More
  • Third Party Logistics Market Growth Prospect, Future Trend, Comprehensive Analysis and Forecast

    Learn More
  • Primary Cells Market Estimated to Grow with a Healthy CAGR During Forecast Period 2021-2028

    Learn More
  • Laproscopic Power Morcellators Market Share Value to Climb Double- Digit CAGR till Year 2028

    Learn More
  • Regenerative Medicine Industry Opportunities Future Guidelines Value Chain Forecast To 2026

    Learn More
  • Disposable Syringes Industry 2028 : Detailed survey of the key competitors and the leading players

    Learn More