India Fire Protection
Systems market stood at USD 1,457.35 million in 2022 and is forecast to register
a CAGR of 10.91% by 2031 and is expected to be fueled by factors such as the
rising number of fire fatalities, property loss, and public safety concerns
across the country during fire incidents. Moreover, the expansion of the
business sector and an increase in spending on building construction have a
significant impact on market development. However, the growth of the Indian
fire prevention systems market is hampered by fluctuating raw material prices.
Fire protection systems
are certified products, which are developed according to the standards
specified by the government authorities and regulatory bodies to curb fire
outbreaks. These products are used for detecting and extinguishing fire. Such
systems consist of flame detectors and smoke control devices among other equipment
that aid fire emergency. Alarm valves and sprinkler systems are some of the
widely used fire protection systems.
Increased Concern for
Employee Safety:
Employees are considered
to be an asset to any organization. Maintaining their safety and security is
one of the most important concerns in the commercial and industrial sectors; as
a result, equipment that can prevent life threats and dangerous hazards must be
installed in industries. This can boost employee welfare, morale, and productivity
since it adds to the safety of workers and helps them to focus on work with
more concentration. When a fire breaks out in a commercial setting, the employees are most susceptible
to getting harmed by it.
Hence, it is the primary duty of the organization to provide safety measures to
protect the safety of employees. This can also enhance the values and social
image of an organization when it has installed modern equipment to counter
fire-related hazards.
Nowadays, due to the
strict regulations and imposition of rules by the government, the standards of
employee safety have increased in the past few years. The fatality rate of
employees in the workplace has been decreasing due to the adoption of modern
safety tools and techniques. Due to the huge threat and damages caused by fire,
the installation of fire protection systems in the industries and working areas
is a must. It includes heat and flame sensors, smoke detectors, emergency
alarms, and various kinds of fire suppressors such as fire extinguisher, fire
pumps, dry compressors, and fire hydrants. Thus, the increasing awareness and
concern toward employee welfare and safety, the government’s role in improving
the standards of life, and preventing the adverse effects of fire hazards have
paved the way for the importance and growth of fire protection systems in the
market.
Increasing Importance of
Code Compliance:
To reduce the effects and
damages caused by fire, the code of compliance for fire is a basic necessity.
Code of compliance is the process of assuring compliance with all the codes, laws,
regulations, and ordinances. Hence, the code of compliance for fire is the basic
need to prevent damages caused by fire. This can increase the number of fire inspections
and lead to higher standards of safety and security. A fire inspection can be
performed by either qualified building inspectors or third-party agencies.
Thus, to prevail with the fire code compliance, installing fire protection
systems in buildings is mandatory. Fire protection systems are the safest and
effective method for safeguarding the citizens and residents from a fire. Hence,
the demand for fire protection systems is likely to grow during the forecast
period all across the country.
Technological Advancements
to Ensure Safety & Security:
Safety and security are
the major concerns in the residential and commercial sectors that have led to
an increase in the deployment of systems such as voice-activated devices, video
intercom systems, and smart outlets in homes. This factor is a substantial
contributor to the growth of the India fire protection systems market. In
addition, intense competition has been witnessed within start-ups and large
corporations, owing to profitability of fire protection systems.
Surge in Residential &
Non-residential Construction Activities:
The fire protection
systems market growth is highly dependent on residential and commercial
construction investments. The demand for the construction of residential
buildings and commercial complexes is on the rise, owing to new product
launches, etc. In addition, in the past few years, the government has
formulated initiatives to design, build, and operate structures following the
green building concept in which the total energy utilized by the building
annually is approximately equal to the renewable energy generated on-site. The
development of the residential and commercial construction sector has
positively impacted the market growth and is expected to further fuel the
demand for fire protection systems.
Fire Protection 4.0:
The Government of India
has established a framework for fire protection 4.0, which denotes the fourth
evolution in the fire protection system, with an aim to transform the
industrial sector in the nation. The policy intends to integrate automation and
cutting-edge technologies into the country's existing industrial infrastructure
as well as its prospective industrial expansion. The way fire prevention
systems function or may function is drastically altering as a result of the
internet and artificial intelligence (AI). The plan uses robotics, artificial
intelligence, and digitization to promote steady growth in the industrial
sector. Owing to the numerous heat-emitting processes and the existence of dangerous
materials, fire detection systems play a significant role in industrial setups,
hence fire protection 4.0 is projected to drive the India fire protection systems market.
Smart City Adoption by the India Cities:
Indian government defines
smart cities where there is use of digital technologies to improve urban setups
by providing citizens with social, environmental, and economic benefits. In
India, smart city projects are being implemented at the city level with digital
transformation in various major cities. To name a few, Indore, Pune, Ahmedabad,
Bangalore, Hyderabad and Kolkata are the cities transitioning into smart urban
setups by adopting the Internet of Things (IoT) and undergoing technological
integration. The smart city projects being implemented in India envision
objectives such as improved efficiency of buildings and infrastructure in terms
of safety and sustainability, synchronization of data at the city level, and
reduced carbon footprint by improving energy efficiency. The smart city
projects are further backed by the government’s investment in digital
technologies. For instance, in November 2022, India had about 825.4 million
broadband subscribers, of which 793.5 million were wireless broadband users, and
rest wireline. Fire detection systems form an integral part of the buildings
and other infrastructure due to their life-saving property. Thus, the trend
toward becoming smart cities in India is likely to boost demand for
technologically integrated fire detection systems to render the cities safe.
Rapid Urbanization:
As per World Bank
estimate, India’s urban population is expected to grow to 604 million by 2030,
while the rural population is expected to shrink marginally. As per estimates,
India will need 62 million houses in urban cities (including current shortage
of 29 million houses) to meet the requirement of its growing population. In
2020, rural areas housed 65% of the India’s population, which is anticipated to
drop rapidly by 2030. Rapid growth in metros, airports, and other
infrastructure projects is expected to generate huge demand for fire protection
systems. Thus, the trend of urbanization is expected to continue to drive the
demand for fire protection systems in urban India.
The Net Zero Carbon
Commitment:
With over 35.9% of the
total population residing in the urban centers as of 2022, the country has
witnessed a steep rate of urbanization over the past 20 years. However, growing
urbanization coupled with climate change concerns has forced the government to
transform the way the existing cities operate. The key objectives of such
efforts involve improving the energy performance of the city's infrastructure
and reducing the country's carbon footprint. One such key initiative is the
'Net Zero Carbon Commitment' led by the Government of India, which forms a
framework for reducing carbon emissions from the building infrastructure and
the building operations of the cities across India. The initiative aims at net zero
emissions from the buildings and their operations by 2070 and involves
transitioning both new buildings and the existing infrastructure. Moreover, the
government has committed to reducing the total projected carbon emission by one
billion tonnes and reducing carbon intensity of the economy to less than 45% by
2030. The Net Zero Carbon Commitment aligns with the Paris Climate Agreement.
The requisite transitioning of the cities in India to achieve Net Zero Carbon
is likely to boost demand for integrated safety facilities such as fire
protection systems.
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Market Segmentation
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 segmented
into fire detection system, fire sprinkler system, fire suppression, fire
response, fire analysis. Based on fire detection system type, the market is further
segmented into fire detectors, fire alarm system, and others. Based on type,
the market is further split 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 further
split into installation, engineering and design services, maintenance services,
managed services, and others. Based on region, the market is further segmented
into south, north, west and east.
Company Profiles
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, and Vintex Safety Solutions Limited.
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Attribute
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Details
|
|
Market Size Value in 2022
|
USD
1,457.35 million
|
|
Revenue Forecast in 2031
|
USD 3,628.79 million
|
|
Growth Rate
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10.91%
|
|
Base Year
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2022
|
|
Historical Years
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2018–2022
|
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Estimated Year
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2023
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Forecast Period
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2024–2031
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Quantitative Units
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Revenue in (USD million) and CAGR
for 2018-2022 and 2023-2031
|
|
Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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|
Segments Covered
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Product
Fire Detection Systems Type
Type
Application
Service
Region
|
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Regional Scope
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South, North, West and East
|
|
Key Companies Profiled
|
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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Customization Scope
|
10% free report customization with purchase. Addition or alteration to
country, regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options
to meet your exact research needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable version
of the report in PPT/pdf format on special request)
|
Report Scope:
In this report, India Fire Protection Systems
market has been segmented into the following categories in addition to the
industry trends which have also been listed below:
·
India Fire Protection Systems Market, By Product:
o Fire
Detection System
§ Fire
Detectors
§ Fire
Alarm System
§ Others
o Fire
Sprinkler System
o Fire
Suppression
o Fire
Response
o Fire
Analysis
·
India Fire Protection Systems Market, By Type:
o Active
Fire Protection Systems
o Passive
Fire Protection Systems
·
India Fire Protection Systems Market, By Application:
o Industrial
o Commercial
o Residential
·
India Fire Protection Systems Market, By Service:
o Installation
o Engineering
and Design Services
o Maintenance
Services
o Managed
Services
o Others
·
India Fire Protection Systems Market, By Region:
o South
o North
o West
o East
Competitive
Landscape
Company
Profiles: Detailed analysis of the major companies present in India Fire Protection Systems market.
Available
Customizations:
With the given market
data, TechSci Research offers customizations according to a company’s specific
needs. The following customization options are available for the report:
Company
Information
- Detailed analysis and profiling of additional market players (up to five).