Fire Safety In India

The global fire safety equipment market size is expected to reach USD 105.92 billion by 2025 at a CAGR of 8.8% over the forecast period, according to a study conducted by Radiant Insights, Inc.

Transition towards the installation of technologically advanced fire detection systems, and eco-friendly fire suppression agents is also expected to support the market development over the forecast period.

Download Free Sample Report @ https://www.radiantinsights.com/research/fire-safety-equipment-market/request-sample Increasing accidents and loss of property owing to fire breakouts has alarmed the need for installation of smart systems, such as wireless sensor networks, across the industrial, commercial, and residential sectors.

Increasing automation in buildings and preference for smart homes along with rising demand from the mining and manufacturing industries in the region is expected to bolster the demand further.

Growing need for mass transportation, such as airport security, including intelligent transportation systems, due to rapid industrialization and urbanization in emerging economies like India, China, and Japan, is anticipated to offer lucrative growth opportunities for the market.

Further key findings from the study suggest: • Fire detection segment is expected to lead the market owing to the advent of advanced technology, such as wireless detection and wireless networking, thus reducing the installation costs • Fire detectors is expected to lead the fire detection segment with a CAGR of 8.3% from 2019 to 2025 due to stringent government regulations across different countries • Smoke detectors will dominate the fire detectors segment on account of their increasing usage in commercial buildings since they are cost-effective and have a longer lifespan • Industrial sector led the fire suppression market in 2018.

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