China Fire Safety Equipment Market Size & Outlook
China fire safety equipment market, 2018-2030 (US$M)
Related Markets
China fire safety equipment market highlights
- The China fire safety equipment market generated a revenue of USD 4,862.4 million in 2023 and is expected to reach USD 9,389.8 million by 2030.
- The China market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, detection was the largest revenue generating solution in 2023.
- Detection is the most lucrative solution segment registering the fastest growth during the forecast period.
Fire safety equipment market data book summary
| Market revenue in 2023 | USD 4,862.4 million |
| Market revenue in 2030 | USD 9,389.8 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Detection |
| Fastest growing segment | Detection |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Detection, Suppression |
| Key market players worldwide | Eaton Corp PLC, Gentex Corp, Halma PLC, Hochiki Corp ADR, Honeywell International Inc, Johnson Controls International PLC, NAPCO Security Technologies Inc, Robert Bosch Engineering & Business Solutions, Siemens AG, United Technologies Corporation |
Other key industry trends
- In terms of revenue, China accounted for 9.1% of the global fire safety equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China fire safety equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,337.4 million by 2030.
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Fire Safety Equipment Market Scope
Fire Safety Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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China fire safety equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fire safety equipment market will help companies and investors design strategic landscapes.
Detection was the largest segment with a revenue share of 71.15% in 2023. Horizon Databook has segmented the China fire safety equipment market based on detection, suppression covering the revenue growth of each sub-segment from 2018 to 2030.
China is one of the world’s largest manufacturing hubs and also has a large customer base. The country is one of the fastest growing economies which is driven towards building smart cities.
Such favorable circumstances provide an opportunity for the fire safety equipment market within the country. Moreover, the increasing awareness among the end- customers, and thriving construction sector in countries is expected to foster the market.
Reasons to subscribe to China fire safety equipment market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China fire safety equipment market databook
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Our clientele includes a mix of fire safety equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China fire safety equipment market , including forecasts for subscribers. This country databook contains high-level insights into China fire safety equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China fire safety equipment market size, by solution, 2018-2030 (US$M)
China Fire Safety Equipment Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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