Press Release

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 2024-2031India 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.


Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "
India Fire Protection Systems Market


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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