1. Eaton Corporation
2. Honeywell International Inc.
3. Gentex Corp.
4. Halma PLC.
5. HOCHIKI Corporation
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 of Bonafide Research 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 The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. 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.
List of Figures
Figure 1: Global Fire Safety Equipment Market Share by Application (2016, 2021 & 2027F)
Figure 2: Asia Pacific Fire Safety Equipment Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 3: Asia Pacific Fire Safety Equipment Market Share by Application (2016, 2021 & 2027F)
Figure 4: China Fire Safety Equipment Market Share by Product (2016, 2021 & 2027F)
Figure 5: China Fire Safety Equipment Market Share by Application (2016, 2021 & 2027F)
Figure 6: Japan Fire Safety Equipment Market Share By product (2016, 2021 & 2027F)
Figure 7: Japan Fire Safety Equipment Market Share by Application (2016, 2021 & 2027F)
Figure 8: India Fire Safety Equipment Market Share By product (2016, 2021 & 2027F)
Figure 9: India Fire Safety Equipment Market Share by Application (2016, 2021 & 2027F)
Figure 10: Australia Fire Safety Equipment Market Share by Product (2016, 2021 & 2027F)
Figure 11: Australia Fire Safety Equipment Market Share by Application (2016, 2021 & 2027F)
List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 1: Global Fire Safety Equipment Market Share by Product Type (2016- 2021)
Table 2: Global Fire Safety Equipment Market Share by Product Type (2021F-2027F)
Table 3: Global Fire Safety Equipment Market Share by Region (2016, 2021 & 2027F)
Table 4: Global Fire Safety Equipment Market Share by Country (2016, 2021 & 2027F)
Table 5: Global Fire Safety Equipment Market Share by Company (2021)
Table 6: Asia Pacific Fire Safety Equipment Market Share by Country (2016, 2021 & 2027F)
Table 7: Asia Pacific Fire Safety Equipment Market Share by Product Type (2016- 2021)
Table 8: Asia Pacific Fire Safety Equipment Market Share by Product Type (2021F-2027F)
Table 9: China Fire Safety Equipment Market Size- By Value 2016 - 2021 (In USD Million)
Table 10: China Fire Safety Equipment Market Size- By Value 2021- 2027F (In USD Million)
Table 11: Japan Fire Safety Equipment Market Size- By Value 2016 - 2021 (In USD Million)
Table 12: Japan Fire Safety Equipment Market Size- By Value 2021- 2027F (In USD Million)
Table 13: India Fire Safety Equipment Market Size- By Value 2016 - 2021 (In USD Million)
Table 14: India Fire Safety Equipment Market Size- By Value 2021- 2027F (In USD Million)
Table 15: Australia Fire Safety Equipment Market Size- By Value 2016 - 2021 (In USD Million)
Table 16: Australia Fire Safety Equipment Market Size- By Value 2021- 2027F (In USD Million)
Table 17: Key Facts of Entex Corp.
Table 18: Key Facts of Halma PLC
Table 19: Key Facts of HOCHIKI Corporation
Table 20: Key Facts of Honeywell International, Inc.
Table 21: Key Facts of Nittan Company Ltd.
Table 22: Key Facts of Robert Bosch GmbH
Table 23: Key Facts of Siemens Building Technologies
Table 24: Key Facts of Johnson Controls
Table 25: Key Facts of Eaton Corporations Plc.
Table 26: Key Facts of Carrier Global Corporation
1. Eaton Corporation
2. Honeywell International Inc.
3. Gentex Corp.
4. Halma PLC.
5. HOCHIKI Corporation
6. Nittan Company Ltd.
7. Robert Bosch GmbH
8. Siemens Building Technologies
9. Johnson Controls International Plc
10. Carrier Global Corporation