Asia Pacific Fire Safety Equipment Market Outlook, 2027

The equipment designed to protect human life/ property from fire accidents by extinguishing the fire is categorized as fire fighting equipment. It can be used by the trained fire-fighters as well as the untrained layman during the fire breaks out or the mechanisms are built within the infrastructure itself.

The recent publication under the title - Asia Pacific Fire Safety Equipment Market Outlook, 2027 provides an in-depth market analysis of the regional fire safety equipment industry. By the forecast period, it is expected to grow CAGR value of 6%. In 2021, the market value had worth USD 1.16 Billion. This report covers the detailed insights of the equipment based on product category- Fire Detection, Fire Alarm & Fire Suppression. It also included insights along with the value analysis of the fire safety equipment. The report also mentions the competition of leading companies that are involved in the manufacturing of fire safety equipment.

Market expansion will be influenced favourably by reconstruction efforts and the implementation of fire safety regulations. The expansion will be further boosted by technological developments such as water mist technologies, wireless alarm systems, and smoke detectors. It is anticipated that increased consumer knowledge of fire safety gear and its potentially harmful effects would drive market expansion. However, the high replacement costs of conventional fire apparatus will restrain market expansion.

Depending on what level of implementation the system is in, the efficacy varies. During the projection period, an expanding number of manufacturing operations in developing nations like China and India will considerably boost demand for fire suppression goods. In the next years, the market is expected to increase as a result of technological advancements such as wireless alarm systems, water mist technology, the integration of fire detection systems, and the inclusion of smoke detectors to building management.

Considerably high urbanization rate in the developing economies of the region is to aid the market growth in the coming years. The strong presence of the local manufacturers in the region is a major contributor to the market growth of Fire safety equipment. The Asian countries have now become a hub for IT outsourcing and also there has been dynamic growth in the retail sector. With this, there has been an increase in demand for fire prevention.

Classified in terms of products, the region’s fire safety equipment market is led by fire detection equipment which held nearly half of the market share in 2015. Within the fire detection segment, the heat detector equipment is expected to be the fastest-growing segment in the forecasted period. The market is driven by the booming of the construction industry in the region, which in the countries of India, Indonesia and China have been attracting hefty investments. This has given a rise in more technology-based solutions like addressable control panel fire alarm which is expected to dominate the fire alarm market in the coming period.

The need for fire safety equipment is rising in tandem with the growth of foreign investment in the region's emerging nations. In particular, the usage of fire safety equipment is expected to rise as smart cities are developed and more companies are established to provide safety against fire threats.

With the increasing foreign investments in the developing countries of the region, the demand for fire safety equipment is increasing. Especially, with the focus on smart cities development and more industries being set up, the use of fire safety equipment is to increase to ensure safety against fire hazards.

In terms of application, the industrial application leads the fire safety equipment market and the fire suppression segment, which otherwise is led by the commercial application segment. The residential end-user segment is growing considerably in the entire region given the change in the perception of the fire safety equipment. With this, the manufacturers are also focusing their designing in accordance with the convenience of use concerning a layman. The residential application segment of the fire safety equipment market in Asia is likely to be growing with the highest anticipated CAGR through the forecasted period. The manufactures have now introduced portable equipment for more ease of use.

A major part of the region is still unexplored because the market is primarily dominated by unorganized players with their strong regional influence. The overall market is flooded with the counter fit and cheap imports from China. This made China, the largest contributor in the region, which held to more than half of the market share in 2015. However, with the increasing understanding about the need for a quality fire safety system, the unbranded China imports have faced a considerable decline, and many global players are now targeting the Asian countries. With the boom in the construction industry, the governments have been focusing on laying down different fire safety rules and laws, such as the Code of Design for Building Fire Protection & Prevention in China and Fire Services Law and Building Standards Law in Japan, which have been a support to the demand of the fire safety equipment in the region.

Major companies mentioned in the report:

Gentex Corporation, HOCHIKI Corporation, Napco Security Technologies, Inc., Nittan Company, Ltd., Halmaplc, Robert Bosch GmbH, Honeywell International, Inc., Siemens Building Technologies.

Considered In the Report

• Geography: Asia Pacific
• Base year: 2021
• Historical year: 2016
• Forecasted year: 2027

COUNTRIES COVERED:

• China
• Japan
• India
• Australia

ASPECTS COVERED IN THE REPORT

• Market Size by Value for the period (2016-2027F)
• Market Share by Product Type (Fire Detection, Fire Alarm, Fire Suppression)
• Market Share by Application (Commercial, Industrial, Residential)
• Market Share by Region
• Market Share by Country

Intended Audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the elevator and escalator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.