India Fire Detection Equipment Market to Grow at 11% till 2022
Government initiatives such as Make
in India, Smart City Mission, Housing for All, etc., and growing investments in
infrastructure sector to aid India fire detection equipment market through 2022
According to TechSci Research
report, “India
Fire Detection Equipment Market By Product, By Alarm System Type, By End User, Competition Forecast &
Opportunities, 2022”, India fire detection equipment market
is projected to grow at a CAGR of around 11% during 2017 – 2022. In India,
awareness regarding the need for better fire detection equipment is growing,
and consumers are now shifting towards better quality equipment for ensuring an
optimal response during any crisis. Moreover, consolidation of global players
is likely to positively impact India fire detection equipment market in the
coming years, as more products with high quality would surface the country.
Browse 21
market data Tables and 30 Figures spread through 99 Pages and an in-depth
TOC on "India
Fire Detection Equipment Market"
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Under the “Housing for All” scheme, Indian government
plans to provide affordable housing for all Indian citizens in association with
public and private players, and also plans to offer subsidies for the development
of houses for intended beneficiaries. The government is likely to invest more
than USD60 billion to develop affordable houses for Indian households in the
coming years. While, under the Smart City Mission, another major government
initiative, about 100 smart cities are to be developed across the country. The
program will attract an investment of more than USD150 billion, and will
involve construction of smart buildings which would require fire detection
equipment, as per the country’s prevailing fire safety norms. All these
government initiatives are expected to positively influence India fire
detection equipment market
in the coming years.
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“Various associations, government
bodies and private organizations have increased emphasis on fire & safety
audits as small companies usually prefer cheap fire detection equipment in
order to cut cost. With increasing awareness programs and regular audits, the
market of fire detection equipment in India is expected to grow at a robust
pace during forecast period.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm. Few of the major players operating in the country’s fire safety detection
equipment market include Honeywell Automation India Ltd., Siemens Ltd., Halma
plc (Halma India Pvt. Ltd.), UTC Fire and Security India Limited, Tyco Fire and
Security India Pvt Ltd (Johnson Controls Ltd.), IMAKE International Co., Ltd., Shenzhen
YongChangDa Electronics Co. Ltd., Bestgo Security Co. Limited, ZUDEN Technology
(HK) Co., Limited, and Numen Electronic Co., Ltd.
“India Fire Detection Equipment Market By Product, By Alarm System Type, By End User, Competition Forecast &
Opportunities, 2022” has evaluated the future growth potential of India fire detection equipment market
and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment evaluation. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in India fire
detection equipment market.
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