India fire safety equipment market is set to witness robust value growth through the estimated time period of 2022-23, due to rising demand from developing infrastructure across the country: Bonafide Research

India's growing economy, rapid urbanization, increasing construction activities, implementation of fire safety legislation, growing consumer's emphasis on safety measures, and availability of technologically advanced fire safety equipments have laid down a good ground for growth the India fire safety equipment market.   The risk of fire in congested areas, warehouses and industrial sector is high. The increased scale of urbanization operations is matched by the increased level of multi-dimensional fire risks. This leads to requirement for fire safety equipments in each and every manufacturing unit, residential and commercial buildings. 
In 10 States/UTs, 50.0% or more cases of fire accidents were reported in residential buildings or dwelling, these States/UTs were A & N Island(100%), Puducherry (81.8%), Meghalaya (69.2%), Punjab(58.7%), Jammu & Kashmir(56.3%), Kerala (52.9%) and Arunachal Pradesh, Mizoram, Chandigarh & D & N Haveli (50.0% each). Fire losses are reported both in industrial and non-industrial premises like hospitals, commercial complexes, educational institutions, assembly halls, hotels, residential buildings, etc. However, fire accidents have declined by around 40% between 2010 and 2014. 

According to recently published report of Bonafide Research “India Fire Safety Equipment Market Outlook, 2027-28”, the fire safety equipment market is anticipated to register the CAGR of more than 14% during the forecast period. The market is expanding with the radical growth rate, which is attributed to the increasing demand from developing construction and infrastructure sector in order to maintain the fire safety and security in each and every sector. India is also rapidly adopting the latest technology in manufacturing fire safety equipments. For example, the leading companies have come up with lightweight fire extinguishers. The continuous efforts of leading manufacturers in R&D activities and subsequent product development will accelerate the sales of fire safety equipments.  
    
India fire safety equipment market comprises three major segments: Fire Fighting Equipments, Fire Alarm & Detection Equipments, and Firefighter Personal Protection Equipments. Fire fighting equipments market includes fire extinguisher, fire sprinkler, and other fire fighting apparatus such as fire hydrant, fire hose reel, fire bucket, etc. Fire alarm, control panel, call point, smoke detector, heat detector, flame detector, etc devices are the part of fire detection system. Firefighter personal protection apparatus consist of fire resistance suit, fire blanket, and others such as fire helmet, fire gloves, fire shoes, fire harness, etc.     
 
India has emerged as one of the fastest growing economies in the world. India’s growth, particularly in manufacturing and services, has boosted the sentiments, both within country and abroad. India has been witnessing a most prominent infrastructure development in the world from the past recent years. India has showcased impressive improvements in power, bridges, dams, roads and urban infrastructure development. Besides, India is also set to witness the huge developments in infrastructure. As an initiative, the Government of India has earmarked Rs 50,000 Crore in order to develop 100 smart cities across the country. The Government has announced the list of 98 cities for the smart cities project in August 2015. As a result, with rising urbanisation and growing infrastructure across the country tends to increasing demand for fire safety measures in public and private buildings, manufacturing and industrial sector. The strict government regulation to install fire alarm, smoke detector, flame detector, gas detector devices in oil and gas industry has boosted the demand for fire detection system. The increased adoption of fire extinguishers in warehouses, manufacturing plant, residential buildings, etc owing the fear of fire and loss of properties has fuelled the growth of fire extinguisher market in India. The strict government regulation to install fire extinguisher in commercial and residential sector has enhanced the demand for fire extinguishers.   

Major manufacturers include Nitin Fire Protection Industries Limited, Tyco Fire And Security India Private Limited, UTC Fire and Security India Limited, Safex Fire Services Limited, and Ceasefire Industries Limited. 

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