India Fire Protection Systems Market to be Dominated by South Region Until 2031
Rising awareness regarding safety from fire,
technological advancements in fire protection systems, and government
investments in developing infrastructure are the major factors driving the fire
protection systems market during the forecast period 2024- 2031, across India.
According
to TechSci Research report, “India Fire Protection Systems Market - By Region,
Competition, Forecast & Opportunities, 2018-2031”, the India Fire Protection
Systems market is expected to register robust growth during the forecast period
2024-2031. India fire
protection systems market is witnessing substantial growth on account of rising
consumer awareness for fire safety solutions, rise in fire incidences, and
overall growth in construction sector. Moreover, growing adoption of fire
safety solutions across various verticals including commercial, industrial,
retail, oil & gas, hospitality, and residential are further propelling the
demand for fire protection systems in the country.
The Government of
India is highly focused on reducing the incidents of fire outbreaks. As a
result, the government has regularized fire control systems in the residential,
commercial, and industrial sectors. As per the regulations, buildings must be
equipped with proper emergency handling systems, the most important being fire
protection systems. The Government of India is also planning to adopt model
building codes that would require the installation of fire sprinklers in new
homes. The installation of fire protection systems is one of the most effective
ways to reduce the loss of life and property. Indian government authorities,
fire protection system manufacturers, and commercial and residential building
developers are promoting and encouraging the use of fire protection systems. This,
in turn, is driving the growth of the fire protection systems market in India.
Furthermore, the
cost of fire protection systems is high and not many SME enterprises prefer
installing these systems at their workplaces. Such players rather opt for
handheld suppression systems such as fire extinguishers or manual systems that
are available at a low cost compared with automated systems. Owning and
maintaining fire protection systems become difficult for start-ups or
residential buildings. These systems require a good installation plan, which
incurs high costs. Retrofitting or upgrading fire protection systems of an
existing facility is increasing, owing to the rise in safety awareness and code
regulations governing commercial and industrial fire safety standards. When
retrofitting a high-rise building, fire detection and suppression systems are
connected to standpipe systems. Building retrofits are designed to provide
maximum protection with minimal interruption to work schedules, tenants, or
staff. This raises the cost incurred on retrofit and replacement of fire
protection systems. The issues associated with retrofits in existing buildings
affect the growth of the fire protection systems market in India.
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India Fire Protection Systems market can be segmented into product,
fire detection system type, type, application, service, and region.
Based on
product, the market is further segmented into fire detection system, fire
sprinkler system, fire suppression, fire response, and fire analysis. Based on
fire detection system type, the market is segmented into fire detectors, fire alarm system, others. Based
on type, the market is further bifurcated into active fire protection systems
and passive fire protection systems. Based on application, the market is further
segmented into industrial, commercial, and residential. Based on service, the
market is segmented into installation, engineering and design services,
maintenance services, managed services, and others. Based on region, the market
is segmented into south, north, west and east.
Based on product, fire detection system dominates
in the India Fire Protection Systems market because fire detection systems are
used to detect both common fire hazards and special fire hazards in buildings
as well as in factory premises. Various types of such systems are available,
each designed to meet the customer's needs in different applications or building
or fire types.
Based on type, active fire protection systems dominate
in the India fire protection systems market because active fire protection systems
are a mix of various fire protection technologies that sends an alert through
the fire alarm systems and alerts anyone stuck within the building to leave.
Key market
players in the India Fire Protection Systems market include:
- 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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“Fire protection systems are employed to
detect, control, and extinguish a fire or smoke, as well as to warn tenants of
a structure or foundation about the same, reducing the risk of damage and
property loss. Fire protection frameworks incorporate equipment such as fire
identifiers, fire dousers, fire hose reels, fire hydrant frameworks, and
programmed sprinkler frameworks. Government of India has developed precise laws
and guidelines to restrict the possibility and impact of fire and other hazards
in the workplace. Moreover, the implementation of stringent rules mandating the
installation of fire protection systems in residential and non-residential
buildings is expected to drive market expansion. Fire protection practices are
commonly used in the industrial and commercial sectors to ensure employee
safety. An increase in the risk of property loss and public safety issues as a
result of fire accidents supports India fire protection systems market growth,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
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, Managed Services, Others), By Region, Competition, Forecast &
Opportunities, 2018-2031 has
assessed the India Fire Protection Systems market's future development
potential and provides data and information on market size, structure, and
projected market growth. The report's goal is to give current market knowledge
and assist decision makers in making informed investment decisions.
Furthermore, the study identifies and analyses emerging trends, as well as key
drivers, constraints, and opportunities in the India Fire Protection Systems
market.
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