Canada Fire Safety Equipment Market Overview, 2027

"Fire safety equipment or tools are devices that are particularly developed for fire protection, and they contain components that not only detect fire but also execute activities to diminish or mitigate its impact. Fire-resistant gloves, fire-resistant protective safety clothing, fire blankets, communication devices, smoke and other alarms, sprinklers, respirators, fire extinguishers, and fire hoses are all part of this equipment. These tools may be employed by both trained firefighters and inexperienced users who are trying out the equipment for the first time. Sprinkler systems and other firefighting equipment can be integrated into the system's infrastructure. These serve as fire-fighting equipment by spraying water on the flames to reduce its severity. The firefighting equipment is also made up of several sections and pieces of equipment and technology. Extinguishers, for example, use water, dry chemical powder, foam, carbon dioxide, or other substances; fire-fighter's gear systems include inner lining suit, fire-resistant outer suit, outer gloves, wooden socks, fire-resistant shoes, helmets, communication systems, and breathing apparatus. Canada holds a commanding position in the n market for fire safety equipment and is the world leader in the manufacture of this type of fire-protection equipment. The fire apparatus sector in Canada is forecast to increase, but not much, because home development in Canada is likely to plateau throughout that time period, with few major upgrades. Interestingly, according to statistics gathered by the Canada Fire Administration (Canada FA), the number of fire incidents in 2019 reduced to 1,291,500, while the number of deaths climbed by up to 24% from the previous year, totalling 3,704. Furthermore, while the number of wounded persons decreased by 12.5% in 2019 to 16,600, loss by fire soared by 74.5% to 14.8 billion CAD. As some statistics showed a lower tendency, but they were still quite vast in numbers, this contributed to the expansion of the fire equipment sector in Canada. According to Bonafide Research's study titled """"Canada Fire Safety Equipment Market Overview, 2027,"""" the fire safety equipment market in Canada is predicted to increase by more than 4% during the forecast period ending in 2027. Legislative regulations in different industrialised countries, such as the United States, have forced the installation of this fire protection equipment, resulting in greater use of fire safety systems. The bulk of the prominent corporations working in this market consider Canada to be heaven, and these companies, together with the Canadian government's fire safety bureaus, are continuously and actively participating in promoting fire safety awareness. As a result, Canada is anticipated to lead the whole world throughout the projection period. Companies are carrying out numerous upgrades and inventions in order to provide more efficient and capable goods in the market, such as Johnson Controls, which has developed corrosion solutions for fire sprinkler systems known as TYCO. These components will aid in the longevity of well and dry fire sprinkler systems. Furthermore, they have an inline detector that monitors the system and provides an early warning of corrosion. Companies are developing merger and acquisition strategies in order to increase their customer base and reduce market competition by acquiring small companies such as new entrants such as Ceratite, a Canada-based company that provides fire protection services, which acquired Great Lakes Fire & Safety Equipment Company for an undisclosed amount. This company manufactures and sells fire extinguishers.

The market based on the product types is segregated into fire detection, fire alarm, and fire suppression systems. Among these types, fire detection systems have a majority of the market share, but with time, this segment’s market is decreasing due to the rise in the use of fire suppression systems. Fire detection systems consist of smoke, heat, flame, gas, carbon monoxide, and multi-sensor detectors that are used in sensing the smoke and heat that arise from the fire's ignition. Early detection will lead to a timely response in case of fire and less damage to lives and property, which is the major reason behind the growth of this segment. within the fire detection segment. Smoke detectors have a higher market share, followed by heat detectors. Fire suppression systems in the region are likely to be growing with the best average annual growth rate among the product types during the forecasted period with increasing market share. On the basis of application types, the Canada fire protection equipment market is segmented into commercial, industrial, and residential segments. With a high population, the Canada is the third most populous region in the world after China and India, and as sky-reaching, high-rise buildings are very common in the region, there is an increased need to safeguard them from fire risk. This further leads to higher growth rates in the commercial and residential sectors, making the commercial segment lead the regional market with a share of more than 40%. In the Canada region, many of the residential fires are caused mainly by cooking in houses. Past trends show more than 40% of residential fires are caused due to cooking, and due to this, the residential segment is expected to have the best growth rate among the application types. The recent COVID-19 pandemic had negative impacts on the fire safety equipment market in the region, which further affected the world market as many developing countries were heavily reliant on the Canada region for fire protection equipment. Furthermore, a partial lockdown was observed in several countries like the Canada due to an increase in COVID-19 cases as a result of the outbreak's second wave. Due to this, trade restrictions and supply chain disruptions decreased the production of fire safety equipment, which led to a negative impact on the market. As the situation normalizes, everything will function similarly to pre-COVID levels, which will further increase the demand for this equipment with the increased fire incidents that are likely going to happen. The demand for fire protection systems is expected to rise in response to the increasing urban population and the need to protect lives and the environment from fire emergencies. Considered in this report. • Geography: United States • Historical year: 2016 • Base year: 2021 • Estimated year:2022 • Forecast year: 2027

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Manmayi Raval

Research Consultant

Aspects covered in this report • Canada Fire Safety Equipment with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Five force models. • Top-profiled companies • Strategic recommendation By Product type in the report • Fire detection systems • Fire alarm systems • Fire suppression systems By Application type in the Report • Commercial • Industrial • Residential

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The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases and annual reports of companies, analysing government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. After this, we have started making primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fire safety equipment 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. """