India Fire Protection Systems Market By Product (Fire Detection System {Fire Detectors, Fire Alarm System, Others}, Fire Sprinkler System, Fire Suppression, Fire Response, Fire Analysis), By Type (Active Fire Protection Systems, Passive Fire Protection Systems), By Application (Industrial, Commercial, Residential), By Service (Installation, Engineering and Design Services, Maintenance Services, Ma

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format

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India Fire Protection Systems Market By Product (Fire Detection System {Fire Detectors, Fire Alarm System, Others}, Fire Sprinkler System, Fire Suppression, Fire Response, Fire Analysis), By Type (Active Fire Protection Systems, Passive Fire Protection Systems), By Application (Industrial, Commercial, Residential), By Service (Installation, Engineering and Design Services, Maintenance Services, Ma

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

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