5 Key Insights on US$ 65 Bn Opportunity in Global Fire Safety Equipment Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Driven by Advancements in Smart Technologies such as AI and IOT and an increase in fire safety regulations for Building and Construction, the Global Fire Safety Equipment market is forecasted to cross US$65 Bn by 2028 says Ken Research Study The fire safety equipment market consists of equipment such as water sprinklers, smoke detector, fire extinguishers, fireproof gloves, fire dampers, exhaust windows, and more which is used to prevent a fire outbreak. The fire safety equipment finds applications for commercial, industrial, residential, and transport & logistics purposes. Ken Research shares 5 key insights on this high opportunity market from its latest research study. The Global Fire Safety Equipment Market is forecasted to grow at a CAGR of ~7% by 2028 due to advancements in smart technologies in the fire detection segment Global Fire Safety Equipment Market is expected to show steady growth during the forecast period, owing to recent advancements in smart technologies such as AI and IoT for fire analysis and fire detection. For instance, fire alarms are connected to the cloud and are able to notify users through mobile phones and show the best escape routes during a fire outbreak. The market is forecasted to reach ~US$ 65 Bn by 2028 from ~ US$ 45 Bn in 2022, witnessing a CAGR of ~7% during this period. The Fire Safety Equipment Market Is Showing Growth Due to An Increase in Fire Safety Norms in Schools, Housing Societies, And Construction Industries According to National Fire Protection Association (NFPA), there have been an average of 3,840 construction fires in USA for years 2013-2017, which occurred during construction, renovation, and demolition of buildings. In USA, construction fires for the years 2013-2017 caused 49 civilian injuries and US$ 304 million in property damage annually. During the years 2014–2018, the U.S. fire departments have responded to average cases of 3,230 structural fires in schools each year, which has caused US$ 37 million in property damage. Fire Services Rules and National Building Code of India clearly mentioned that there should be minimum fire safety equipment in schools, high-rise buildings, and shopping complexes to deal with possible fire outbreaks, as well as an exit plan, must be pre-defined. Corrosion In Fire Suppression System Is The Major Challenge Faced By The Fire Safety Equipment Market Corrosion in the Fire suppression system is the major challenge for the global fire safety equipment market. According to the National Fire Protection Association (NFPA), 73% of dry systems have corrosion issues (a dry system is a sprinkler system in which water is released with help of air thus ensuring that water doesn’t freeze in the system). To deal with the corrosion problem in dry systems companies are now offering systems with 98% nitrogen gas over Compressed air and use black steel over galvanized which will increase the life expectancy of dry sprinkler systems up to 5.3 times. Passive Fire Protection System in Technology Segment Is Likely To Dominate the Fire Safety Equipment Market During the Forecast Period The passive fire protection system holds the largest market share during the forecast period, due to its ability of passive fire protection system to slow down or prevent fire and smoke from spreading from one room to another. Several accidental cases were recorded due to the spreading of carbon monoxide smoke during a fire. According to the Centers for Disease Control and Prevention (CDC) National Center for Health Statistics shows that 399 people died of unintentional non-fire carbon monoxide poisoning in 2017. In 2016, local fire departments of the US responded to an estimated 79,600 carbon monoxide incidents. North America Region Dominated the Fire Safety Equipment Market in 2021 North America accounted for the largest market share in 2021, due to its strict rules regarding fire safety and continuous structural developments. The US alone accounts for the 3,761 fire safety equipment companies which include manufacturers, installers, distributors, integrators, and consultants for the US as well as global market. For More Information, refer to below link:- Global Fire Safety Equipment Market Demand Related Report UAE Fire Safety and Rescue Tools & Products Market Outlook to 2026: Growing demand due to rising number of construction projects and rising preference of technologically advanced tools & equipment Indonesia Facility Management Market Outlook to 2023 – By Single, Bundled and Integrated Services; By Soft Services (Housekeeping, Security, Landscaping and others ) and Hard Services (Electromechanical services, Operations and Maintenance Services, Fire Safety and Security Systems), By End User Sectors (Industrial, Commercial, Residential, Infrastructure and others) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: Active Fire Protection System Market, Asia Pacific Fire Safety Equipment Market, Bosch Fire Safety Equipment Market Share, Commercial Fire Safety Equipment Market, Competitors in Fire Safety Equipment Market, Eaton Fire Safety Equipment Market, Emerging Companies in Fire Safety Equipment Sector, Europe Fire Safety Equipment Market, Fire Protection Equipment Market, Fire Protection Systems Market, Fire Safety Equipment Competitor Comparison, Global Fire Alarm Systems Market, Global Fire Analysis Market, Global Fire Detection Market, Global Fire Detector Market, Global Fire Emergency Product Market, Global Fire Equipment Market, Global Fire protection Equipment Market, Global Fire Response Market, Global Fire Safety Equipment Dealers, Global Fire Safety Equipment Distributors, Global Fire Safety Equipment Industry, Global Fire Safety Equipment Manufacturers, Global Fire Safety Equipment Market, Global Fire Safety Equipment Market Demand, Global Fire Safety Equipment Market End Users, Global Fire Safety Equipment Market Revenue, Global Fire Safety Equipment Sector, Global Fire Safety Equipment Suppliers, Global Fire Safety Products Market, Global Fire Security Equipment Market, Global Fire Suppression Market, Global heat detectors Device Market, Global smoke detectors Device Market, Halma Plc Wireless Fire Detectors Market, Honeywell Fire Fighting Equipment Market, Industrial Fire Safety Equipment Market, Johnson Controls Fire Alarms Market Analysis, Leading Fire & Safety Solutions Provider Company, Leading Players in Fire Safety Equipment Market, Major Companies in Fire Safety Equipment Market, Middle East Fire Safety Equipment Market, North America Fire Safety Equipment Market, Passive Fire Protection System Market, Residential Fire Safety Equipment Market, Siemens Fire Safety Equipment Industry Revenue, Top Companies in Fire Safety Equipment Industry, Top Fire Fighting Equipment Distributors, Worldwide Global Fire Safety Equipment Market