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Fire and Safety Equipment Market in India

  • Date Submitted: 08/18/2016 02:07 AM
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18th August 2016 – Navi Mumbai, India: Market Report on India present the latest report on “Fire and Safety Equipment Market in India”, The industrial sector is expected to hold the largest share in the country’s fire and safety equipment market through 2021.

The primary objective of fire & safety equipment is to save life and protect property from undesirable fire in industrial, commercial or residential establishments. The secondary objective of fire & safety equipment is to minimize interruptions that may occur in processes or services due to fire. Fire & safety equipment market in India is majorly categorized in three segments - firefighting, fire detection and fire protection equipment. Firefighting equipment are the ones which are required for base level firefighting such as fire extinguishers, whereas fire detection equipment are those which aid in detection of fire with the help of detection sensors and alarms. The fire protection equipment constitutes the third and last categorization of fire & safety equipment and they play a vital role in protecting an individual against any hazard.

“India Fire and Safety Equipment Market By Type, By End User, Competition Forecast & Opportunities, 2011 – 2021”, fire & safety equipment market in India is projected to grow at a CAGR of over 8% during 2016-2021 on account of increasing industrialization, commercialization and urbanization. In 2015, firefighting equipment segment was the largest segment in the country’s fire & safety equipment market. The segment grabbed a share of more than 60% in 2015 and is likely to be driven by increasing government focus towards industrialization, infrastructural development and commercial construction. The industrial sector is expected to hold the largest share in the country’s fire and safety equipment market through 2021. Western Region dominates fire & safety equipment market in India, driven by increasing demand from refineries, petrochemical, city gas distribution and gas...

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