Sign Up

Captcha Click on image to update the captcha.

Have an account? Sign In Now

Sign In

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

You must login to ask a question.

Forgot Password?

Need An Account, Sign Up Here

You must login to add post.

Forgot Password?

Need An Account, Sign Up Here

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Sign InSign Up

Find Authority

Find Authority Logo Find Authority Logo

Find Authority Navigation

  • Home

Mobile menu

Close
Ask a Question
  • Home
  • Recent Questions
  • Topics
  • Home
Home/Questions/Q 2089
Next
In Process
Anonymous
  • 0
Anonymous
Asked: December 30, 20192019-12-30T22:20:32+00:00 2019-12-30T22:20:32+00:00In: Consumer Products & Retail

What is the market size of the global fire safety equipment?

  • 0

The global fire safety equipment market is relatively matured. Both commercial and residential markets support the market.

Besides the market size, what are the major drivers and restraints for the global fire safety equipment market?

constructionmarket size
  • 2 2 Answers
  • 0
Share
  • Facebook

    Leave an answer
    Cancel reply

    You must login to add an answer.

    Forgot Password?

    Need An Account, Sign Up Here

    2 Answers

    • Oldest
    1. Constructsmart Level 1
      2019-12-30T22:23:50+00:00Added an answer on December 30, 2019 at

      The global fire safety equipment market size was around US$ 57 billion in 2018 and is anticipated to reach around US$ 90 billion by 2025.

      Fire safety equipment refers to devices developed to avoid, protect and control fire accidents. The system offers warnings, safety, aid and medical assistance to secure the user from conditions that could otherwise result in injury. The equipment for fire safety includes fire extinguishers, signs, fire blankets, sprinkler systems, smoke detectors, first aid kits etc. The fire safety equipment is mostly required in residences, commercial buildings, hospitals, warehouses, and educational institutions.

      The main drivers behind the growth of the fire safety equipment market are increasing concerns about safety and stringent government regulations. While most companies now have strict fire safety procedures in place. On the other hand, the rising incidents and property losses caused by fire breakouts are providing some floor to the market growth.

      Meanwhile, the growing construction industry and rapid infrastructural growth in developing economies have helped to expand the fire safety equipment market.

      The increased investment in R&D, modernisation and technical development in equipment or networking are also driving demand for fire safety equipment.

      Moreover, the rapid development of smoke detectors, coupled with large data and IoT, is expected to provide the fire protection system industry with sufficient growth opportunities over time.

      However, the high initial cost for the implementation of device interfaces and lack of integrity in some way limit the market growth. The increasing awareness in public also played a key role in the demand for personal fire safety services, including fire safety clothing, but there is still a lack of awareness.

      • 0
      • Reply
      • Share
        Share
        • Share on Facebook
        • Share on Twitter
        • Share on LinkedIn
        • Share on WhatsApp
    2. Teleco Level 3
      2019-12-30T22:24:10+00:00Added an answer on December 30, 2019 at

      The technological advance of wireless sensor networks along with nanotechnologies such as human-machine interface (HMI) solution and smart cities will provide more growth opportunities to the fire safety equipment. The advanced sensors have been developed recently to transfer precise data to control units.

      The technological advancement through the use of smart sensors, detectors and their communication through WAN / LAN networks with remote users has supported the market growth of fires safety equipment globally.

      • 0
      • Reply
      • Share
        Share
        • Share on Facebook
        • Share on Twitter
        • Share on LinkedIn
        • Share on WhatsApp

    Sidebar

    Advanced Search
    Ask A Question

    Related Questions

    • How big is the global telemedicine market?

    • What is the global market size of wireless charging for ...

    • What are the key drivers in the smartphone market?

    • What is the difference between short and long term ventilator-dependent ...

    • How can automakers produce ventilators?

    Explore

    • Home
    • Recent Questions
    • Topics

    Footer

    Find Authority

    Find Authority

    Find Authority is a professional networking and crowdsourcing platform which helps enhance members credentials and create opportunities.

    About Us

    • About Us
    • Careers
    • Contact Us

    Legal Stuff

    • Terms and Conditions
    • Privacy Policy
    • Cookie Policy

    Supprt

    • Help Centre
    • Badges

    Follow

    © 2020 Find Authority. All Rights Reserved

    Insert/edit link

    Enter the destination URL

    Or link to existing content

      No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.