India Fire Safety Equipment Market Size & Outlook
India fire safety equipment market, 2018-2030 (US$M)
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India fire safety equipment market highlights
- The India fire safety equipment market generated a revenue of USD 1,179.7 million in 2023 and is expected to reach USD 2,337.4 million by 2030.
- The India market is expected to grow at a CAGR of 10.3% from 2024 to 2030.
- In terms of segment, detection was the largest revenue generating solution in 2023.
- Suppression 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 1,179.7 million |
| Market revenue in 2030 | USD 2,337.4 million |
| Growth rate | 10.3% (CAGR from 2023 to 2030) |
| Largest segment | Detection |
| Fastest growing segment | Suppression |
| 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, India accounted for 2.2% 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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India 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 71.32% in 2023. Horizon Databook has segmented the India fire safety equipment market based on detection, suppression covering the revenue growth of each sub-segment from 2018 to 2030.
The Make in India campaign is expected to draw a significant investment towards the manufacturing sector as the country offers benefits such as low-cost labor and raw materials at low-cost. Furthermore, the several initiatives taken by the country government is further driving the growth of the market.
For instance, On January 2022, The Ministry of Road Transport and Highways stated that fire alarm detector will be fitted in Type III buses that are designed and constructed for long-distance passenger transport and school buses.
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Target buyers of India 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 India fire safety equipment market , including forecasts for subscribers. This country databook contains high-level insights into India fire safety equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India fire safety equipment market size, by solution, 2018-2030 (US$M)
India Fire Safety Equipment Market Outlook Share, 2023 & 2030 (US$M)
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