India Fire Protection Systems market stood at USD 1,457.35 million in 2022 and is forecast to register a CAGR of 10.91% by 2031 and is expected to be fueled by factors such as the rising number of fire fatalities, property loss, and public safety concerns across the country during fire incidents. Moreover, the expansion of the business sector and an increase in spending on building construction have a significant impact on market development. However, the growth of the Indian fire prevention systems market is hampered by fluctuating raw material prices.
Fire protection systems are certified products, which are developed according to the standards specified by the government authorities and regulatory bodies to curb fire outbreaks. These products are used for detecting and extinguishing fire. Such systems consist of flame detectors and smoke control devices among other equipment that aid fire emergency. Alarm valves and sprinkler systems are some of the widely used fire protection systems.
Increased Concern for Employee Safety
Nowadays, due to the strict regulations and imposition of rules by the government, the standards of employee safety have increased in the past few years. The fatality rate of employees in the workplace has been decreasing due to the adoption of modern safety tools and techniques. Due to the huge threat and damages caused by fire, the installation of fire protection systems in the industries and working areas is a must. It includes heat and flame sensors, smoke detectors, emergency alarms, and various kinds of fire suppressors such as fire extinguisher, fire pumps, dry compressors, and fire hydrants. Thus, the increasing awareness and concern toward employee welfare and safety, the government’s role in improving the standards of life, and preventing the adverse effects of fire hazards have paved the way for the importance and growth of fire protection systems in the market.
Increasing Importance of Code Compliance
Technological Advancements to Ensure Safety & Security
Surge in Residential & Non-residential Construction Activities
Fire Protection 4.0
Smart City Adoption by the India Cities
Rapid Urbanization
The Net Zero Carbon Commitment
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Market Segmentation
Company Profiles
Attribute | Details |
Market Size Value in 2022 | USD 1,457.35 million |
Revenue Forecast in 2031 | USD 3,628.79 million |
Growth Rate | 10.91% |
Base Year | 2022 |
Historical Years | 2018–2022 |
Estimated Year | 2023 |
Forecast Period | 2024–2031 |
Quantitative Units | Revenue in (USD million) and CAGR for 2018-2022 and 2023-2031 |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | Product Fire Detection Systems Type Type Application Service Region |
Regional Scope | South, North, West and East |
Key Companies Profiled | Safex Fire Services Ltd., Ceasefire Industries Pvt. Ltd, NewAge Fire Protection Industries Private Limited, Vimal Fire Controls Pvt. Ltd, Gunnebo India Private Ltd., Smith & Sharks Projects (India) Pvt. Ltd., Pro Delta Fire Safety Systems Private Limited, Monsher Fire Protection Systems Pvt. Ltd., ABC Fire India, Vintex Safety Solutions Limited |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |