Fire Protection Systems Market in India by End-user and Type - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71529
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The fire protection systems market share in India is expected to increase by USD 1.43 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.38%.

This fire protection systems market in India research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (commercial, industrial, government and institutional, and others) and type (fire suppression, fire response, fire detection, and fire analysis). The fire protection systems market report in India also offers information on several market vendors, including ABC Fire India, Carrier Global Corp., Ceasefire Industries Pvt. Ltd., Fireaway Inc., NewAge Fire Protection Industries Pvt. Ltd., Reliance Fire and Safety Ltd., SafeGuard Industries, Safepro Fire Services Pvt. Ltd, Safex Fire Services Ltd, and Usha Fire Safety Equipments Pvt. Ltd among others.

What will the Fire Protection Systems Market Size in India be During the Forecast Period?

Download the Free Report Sample to Unlock the Fire Protection Systems Market Size in India for the Forecast Period and Other Important Statistics

 

Fire Protection Systems Market in India: Key Drivers and Trends

The stringent regulations to install fire protection systems are notably driving the fire protection systems market growth in India, although factors such as high cost of purchase and maintenance may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fire protection systems industry in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Fire Protection Systems Market Driver in India

One of the key factors driving growth in the fire protection systems market in India is the stringent regulations to install fire protection systems. The Government of India is highly focused on reducing the incidents of fire outbreaks. As a result, the government has regularized fire control systems in the residential, commercial, and industrial sectors. As per the regulations, buildings must be equipped with proper emergency handling systems, the most important being fire protection systems. The governments of various countries in APAC are also planning to adopt model building codes that would require the installation of fire sprinklers in new homes. The installation of fire protection systems is one of the most effective ways to reduce the loss of life and property. Indian government authorities, fire protection system manufacturers, and commercial and residential building developers are promoting and encouraging the use of fire protection systems. This, in turn, is driving the growth of the fire protection systems market in India.

Key Fire Protection Systems Market Challenge in India

The high cost of purchase and maintenance will be a major challenge for the fire protection systems market vendors in India during the forecast period. The cost of fire protection systems is high and not many SME enterprises prefer installing these systems at their workplaces. Such players rather opt for handheld suppression systems such as fire extinguishers or manual systems that are available at a low cost compared with automated systems. Owning and maintaining fire protection systems become difficult for start-ups or residential buildings. These systems require a good installation plan, which incurs high costs. Retrofitting or upgrading fire protection systems of an existing facility is increasing, owing to the rise in safety awareness and code regulations governing commercial and industrial fire safety standards. When retrofitting a high-rise building, fire detection and suppression systems are connected to standpipe systems. Building retrofits are designed to provide maximum protection with minimal interruption to work schedules, tenants, or staff. This raises the cost incurred on retrofit and replacement of fire protection systems. The issues associated with retrofits in existing buildings affect the growth of the fire protection systems market in India.

This fire protection systems market in India analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Fire Protection Systems Market Vendors in India?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABC Fire India
  • Carrier Global Corp.
  • Ceasefire Industries Pvt. Ltd.
  • Fireaway Inc.
  • NewAge Fire Protection Industries Pvt. Ltd.
  • Reliance Fire and Safety Ltd.
  • SafeGuard Industries
  • Safepro Fire Services Pvt. Ltd
  • Safex Fire Services Ltd
  • Usha Fire Safety Equipments Pvt. Ltd

 

This statistical study of the fire protection systems market in India encompasses successful business strategies deployed by the key vendors. The fire protection systems market in India is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The fire protection systems market in India forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating End-user Segments in the Fire Protection Systems Market in India?

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The fire protection systems market share growth in India by the commercial segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the fire protection systems market size in India and actionable market insights on post COVID-19 impact on each segment.

 

Fire Protection Systems Market Scope in India

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.38%

Market growth 2022-2026

$ 1.43 billion

Market structure

Fragmented

YoY growth (%)

4.12

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABC Fire India, Carrier Global Corp., Ceasefire Industries Pvt. Ltd., Fireaway Inc., NewAge Fire Protection Industries Pvt. Ltd., Reliance Fire and Safety Ltd., SafeGuard Industries, Safepro Fire Services Pvt. Ltd, Safex Fire Services Ltd, and Usha Fire Safety Equipments Pvt. Ltd

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Fire Protection Systems Market Report in India?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive fire protection systems market growth in India during the next five years
  • Precise estimation of the fire protection systems market size in India and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the fire protection systems industry in India 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fire protection systems market vendors in India

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Commercial - Market size and forecast 2021-2026
    • Industrial - Market size and forecast 2021-2026
    • Government and Institutional - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by End-user

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Fire suppression - Market size and forecast 2021-2026
    • Fire response - Market size and forecast 2021-2026
    • Fire detection - Market size and forecast 2021-2026
    • Fire analysis - Market size and forecast 2021-2026
    • Market opportunity by Type

    Customer landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • ABC Fire India
    • Carrier Global Corp.
    • Ceasefire Industries Pvt. Ltd.
    • Fireaway Inc.
    • NewAge Fire Protection Industries Pvt. Ltd.
    • Reliance Fire and Safety Ltd.
    • SafeGuard Industries
    • Safepro Fire Services Pvt. Ltd
    • Safex Fire Services Ltd
    • Usha Fire Safety Equipments Pvt. Ltd

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The fire protection systems market growth will increase by $1434.95 million during 2021-2026.
    The fire protection systems market is expected to grow at a CAGR of 5.38% during 2021-2026.
    Technavio has segmented the fire protection systems market by geographic (APAC).
    ABC Fire India, Carrier Global Corp., Ceasefire Industries Pvt. Ltd., Fireaway Inc., NewAge Fire Protection Industries Pvt. Ltd., Reliance Fire and Safety Ltd., SafeGuard Industries, Safepro Fire Services Pvt. Ltd, Safex Fire Services Ltd, Usha Fire Safety Equipments Pvt. Ltd are a few of the key vendors in the fire protection systems market.
    APAC will register the highest growth rate of 100.00% among the other regions. Therefore, the fire protection systems market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the fire protection systems market growth are:
    • Stringent regulations to install fire protection systems
    The fire protection systems market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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