Global Firefighting Solutions Market

The Global Firefighting Solutions Market is at the saturated state of growth due to the fragmented structure and the presence of numerous players in the Market. The Market is poised for average growth of CAGR of 7.5% to reach a Market Size of US$ 84.6 billion in 2026 from a value of US$ 62.1 billion in 2021. The Market is driven by factors such as as Frequent occurrence of Wildfire, increase in fire-related incidents in the oil & gas industry and Technological Integration in Fire Safety Equipment to Bolster the Market Growth

Definition / Scope
Market Overview
Top Market Opportunities
Market Risks
Market Drivers
Market Restraints
Industry Challenges
Technology Trends
Post COVID Recovery
Market Size and Forecast
Market Outlook
Technology Roadmap
Competitive Landscape
Competitive Factors
Key Market Players
Strategic Conclusion
References
Appendix

Definition / Scope

Fire protection system is a certified device that was built to meet the requirements set out by government authorities and regulatory agencies in order to prevent fire outbreaks. This system includes flame detectors and smoke control equipment to help in the event of a fire. Some of the most commonly utilized fire safety systems are alarm valves and sprinkler systems. The purpose of these systems is to detect and respond to fire, smoke, or flame. In comparison to the traditional heat or smoke devices employed in the past, the introduction of fire prevention systems has aided in responding swiftly and accurately to fire. Furthermore, when put in commercial buildings, fire sensors and detectors serve as an excellent and cost-effective safety measure.

The fire safety equipment industry is driven by the need to protect human life and property. Aside from the aforementioned, the cost of lost man hours due to fire hazards is a major concern around the world, which pushes businesses to use fire safety equipment whenever possible. On the basis of two important parts, fire detection and fire suppression, fire safety equipment may be divided.

In the near future, technological improvements such as wireless sensor networks are expected to fuel the fire safety equipment market. These developments are also projected to help reduce the costs of manufacturing fire safety equipment, hence expanding its future market potential. Furthermore, numerous regulatory authorities set tight restrictions for the application of fire safety procedures, making it obligatory for businesses to employ fire safety equipment at work, hence increasing demand for fire safety equipment. The worldwide fire safety equipment market is predicted to grow substantially as a result of these factors.

Market Overview

The Fire Protection System Market is estimated to grow at a CAGR of 6.4% over the forecast period, from $ 62.1 billion in 2021 to $ 84.6 billion in 2026. Knowing everything, future fire alarm systems will be software-based, necessitating the training of one or two programmers in order to avoid being reliant on the equipment supplier. This can also benefit the provider, resulting in improved pricing. IoT devices in industries and residential areas have also boosted the adoption of new-tech fire safety solutions, thanks to improvements in sensor capabilities and communication channel technology.

The rise in the number of deaths and property losses has raised awareness of fire safety systems, propelling the market forward. The installation of fire safety systems is gaining popularity in nations with minimal infrastructure development investments. The primary causes of fire outbreaks in the instances were found as improper handling of burning lamps and cooking gas leakage, alternating voltage and electric spark, and overheating of electronic equipment.

Government mandates and regulations are pushing the market. The demand for fire safety systems has been pushed by the implementation of unified building codes in many established and emerging countries across all end-user segments, as mandated by local authorities. For instance, UK government recommends that all fire alarm and detection systems should be installed and maintained under the relevant British Standard, i.e., BS 5839.

The market’s growth is being stifled by high installation and maintenance costs. The cost of fire safety systems varies depending on the building’s lifespan, size, use, and kind. In general, installing fire alarm systems in older buildings is more expensive than installing them in newer buildings.

Market Risks

The Primary Risk for Market Players in the Global Firefighting Solutions Market is

Fragmented Market

The Global Firefighting Solutions Market is largely fragmented, with a number of conglomerates and medium-sized and small start-up companies accounting for the majority of global market share. Lower entry barriers, a lack of economies of scale, and fierce market competition are all factors contributing to the Global Firefighting Solutions Market’s fragmentation. Businesses with lower margins and higher costs will benefit from a fragmented market. When interacting with other countries, they also lack the benefit of size.

Top Market Opportunities

The Top Opportunities for Market Players in the Global Firefighting Solutions Market include

Advancement in Sensor Technologies

Advanced technologies like nanotechnology, human machine interface solutions, and smart buildings are expected to enter the fire safety equipment industry in the near future. Advanced sensors have recently been developed, which aid in relaying correct data to control units.

The usage of sophisticated sensors and detectors, as well as their communication with remote users via WAN/LAN networks, has been increasing demand for fire safety and protection systems around the world.

As a result of regulatory bodies’ strict building and safety codes, industries all over the world have realized that fire accidents not only endanger human life and property, but also make sustainable businesses unprofitable to the point where investing in fire safety and protection equipment is a more viable option.

Integration of smoke detectors with IoT and big data

The notion of smart smoke detectors has emerged as a result of the rapid development of smoke detectors, as well as IoT and big data technologies, resulting in the rise of the smoke detector market. Smart smoke detectors are customizable and connect to Wi-Fi networks in both residential and commercial settings. These detectors give smoke detection alerts and easy operation via mobile devices, as well as convenient battery condition monitoring.

Market Drivers

The Primary Factors driving the growth of the Global Firefighting Solutions Market include

Frequent occurrence of Wildfire

Market Risks

The Primary Risk for Market Players in the Global Firefighting Solutions Market is

Fragmented Market

Top Market Opportunities

The Top Opportunities for Market Players in the Global Firefighting Solutions Market include

Advancement in Sensor Technologies

Integration of smoke detectors with IoT and big data

Market Drivers

The Primary Factors driving the growth of the Global Firefighting Solutions Market include

Frequent occurrence of Wildfire

Rather than using fire trucks or human-powered fire extinguishers to put out fires, a number of businesses have developed aerial vehicles to battle forest fires, building fires, and industrial fires. These planes carry chemical or fire retardants that are delivered at specific spots at the touch of a button to put out wildfires. Furthermore, these firefighting aircraft are built to carry a large quantity of fire extinguishing components that may be spread over a large area to stop the fire from spreading. The higher maximum takeoff weight of aircraft opens up more opportunities for market expansion around the world.

In addition, firms have been working on developing airplanes for firemen, which has a favorable impact on the global market’s growth. For example, Airbus began construction of the A400M aircraft in June 2021, which is likely to be deployed as a firefighting aircraft soon. In addition, Airbus announced the H215 helicopter in May 2021, which is capable of operating continuously in all working settings and 365 days a year. Such improvements and product offerings open up profitable potential for market expansion around the world.

Increase in fire-related incidents in the oil & gas industry

The market is growing due to an increase in fire-related catastrophes, particularly in the oil and gas industry, which drives need for efficient safety measures as well as the requirement for available firefighting aircraft and drones to be present at nearby areas. Furthermore, governments’ strict rules and regulations, as well as technological improvements in firefighting technology, are driving factors for market growth. Furthermore, many organizations and industry owners use active firefighting devices like helicopters and drones, which have proven to be effective in firefighting settings while also being simple to operate. Such improvements and technological advancements have a favorable effect on market growth all over the world.

Technological Integration in Fire Safety Equipment to Bolster the Market Growth

Over the forecast period, enhanced technology integration in fire safety equipment is expected to boost the market. Fires pose a significant risk of loss of life and property, prompting manufacturers to incorporate cutting-edge technology into fire prevention equipment. The Internet of Things (IoT)-driven Smart Connected Things (Scot) is being used in the design of smart buildings as smart cities emerge as future-ready infrastructures. These systems employ sensors to precisely read a building’s temperature and are intended to identify the presence of a fire before typical smoke alarms. Over the forecast period, this is expected to boost market growth.

Smoke detectors with advanced sensor technology that can identify cooking-induced smoke from smoke produced by a fire and detect the cause of fire are also developing as viable technologies, particularly in the residential and hospitality sectors. Furthermore, market development is expected to be boosted in the coming years by visual image detection (VID) software that can recognize pixels indicative of fire smoke and inform homeowners and the fire service. Over the forecast period, such innovations in the sector are expected to boost market expansion.

Market Restraints

The Major Factors restraining the growth of the Global Firefighting Solutions Market are

High costs of installation and maintenance of fire protection systems

The installation of fire protection systems necessitates a large initial cost. Because of the complexity of networks and the necessity to develop advanced tools to combat a fire situation, this is the case. As a result, vendors must continually improve their solutions and develop new technologies. Companies are investing a lot of money in creating these advanced technologies, which raises the cost of procurement for businesses and government agencies looking to secure their infrastructure from fire.

Inconsistency in the implementation of fire safety codes

It’s also worth noting that variation in the application of fire safety codes in different parts of the world is stifling the overall growth of the fire safety equipment industry. Furthermore, rising maintenance and replacement prices of fire safety and protection equipment deter potential purchasers, making it critical for manufacturers to deliver their goods at a competitive price while keeping acceptable quality requirements. This is a big difficulty for small manufacturers all around the world, since they must compete to stay in business.

Industry Challenges

The Major Challenge for the growth of the Global Firefighting Solutions Market is

Challenges with Integration of user interfaces with fire protection solutions

Integration of user interfaces when numerous solutions are employed in a control mechanism is a major challenge for the fire prevention system market. Fire prevention systems can be more efficient and cost-effective if they are connected directly into a centralized building management system, allowing information to be gathered from a single location and regulatory actions to be taken immediately in the event of an emergency.

Technology Trends

Technology is reshaping the Global Firefighting Solutions Market and some of the key technology trends include

Virtual, Mixed, and Augmented Reality (VR/XR/AR)

The goal is to use these new platforms to deliver citizen education, responder training, and emergency response enhancement. Through haptic touch and digital fragrance, children will soon learn to halt, drop, and roll in virtual reality. Responders will use technology developed for the gaming industry, which will be used to provide real-time visual awareness in visually immersive environments, to reduce both imagined and real-life catastrophes. The New Zealand Fire Service, for example, used 360-degree video and VR technology to create a unique and engaging experience to help homeowners plan how to safely flee their home in the event of a fire.

Advanced Biotelemetry

Biotelemetry, in addition to heart rate, will provide information on a firefighter’s individual and specific activity levels, allowing supervisors to see how hard interior crews are working. Advanced biotelemetry, when combined with current connected personnel monitoring and integrated with air management, will keep responders safer in an immediately dangerous to life or health (IDLH) situation.

SMART Cities

These types of projects, which are taking place all around the world, bring it all together by offering 3D/360 digital assets for fire prevention, mitigation, and investigation. Fire prevention bureaus will be part of a previously imagined set of target safety maps that will connect with responders’ phones, tablets, facepieces, and augmented reality, similar to “Ironman” themed safety systems, thanks to the introduction of FirstNet and 5G cellular technology.

Post COVID-19 Recovery

Following the outbreak of COVID-19, the expansion of the fire protection system and consumer demand for fire protection systems slowed in 2020, as component manufacture decreased due to the closure of the bulk of fire protection system product manufacturing facilities around the world. The COVID-19 outbreak caused a significant disruption in product supply in 2020, as the bulk of production facilities were shut down. Many projects were halted and likely to resume at a slower pace after the COVID-19 crisis or by the end of FY 2022, affecting demand for fire protection systems from various verticals such as commercial and residential.

Market Size and Forecast

The Fire Protection System Market is estimated to grow at a CAGR of 6.4% over the forecast period, from $62.1 billion in 2021 to $84.6 billion in 2026.

The outbreak of COVID-19 has significantly affected the Global Firefighting Solutions Market due to the shutdown of several industries and lockdown of transit between cities and the Global Firefighting Solutions Market is severely affected due to the paradigm shift caused by the supply-chain disruptions and blockade of business activities. The Global Firefighting Solutions Market is expected to pick pace in the later half of FY’ 23 and is expected to return to normalcy by FY’ 24.

Industrial Application segment to dominate the Market in the Forecast period (2021 – 2026)

The market is divided into three categories based on the application: residential, commercial, and industrial. With a revenue share of approximately 44% in 2021, the industrial application segment led the market. Oil and gas, transportation, energy and electricity, and manufacturing are all included in this category. Because of the significant danger inherent in this industry, these sectors place a premium on the installation of fire protection equipment. Because combustible products are used in the oil and gas industries, fires are common. In addition, government rules aimed at protecting workers from fires are driving up demand for fire safety equipment.

Over the forecast period, the residential segment is expected to have the highest CAGR. Because of rising knowledge of fire safety equipment and its benefits, as well as growing infrastructure development in developed and emerging countries, demand for fire safety equipment has expanded dramatically in recent years.

Fire Detection segment to grow at the fastest rate in the forecast period (2021 – 2026)

The market is divided into two categories based on solution: fire suppression and fire detection. Increased laws, regulations, and government requirements, as well as the usage of improved technology in detecting equipment, helped fire detection to dominate the market and account for more than 60% of global revenue in 2021. Furthermore, the rising number of fire incidents around the world has necessitated the installation of fire safety devices.

From 2021 to 2028, the fire detection segment is expected to grow at the fastest rate of 7.4%. During the projection period, demand for the market would be boosted by the rapid development of commercial construction and the expansion of smart city projects. Furthermore, higher consumer expenditure on construction activities due to increased disposable income and improved awareness of fire detectors will propel the market forward.

North America to lead the Global Market in terms of market share

In 2021, North America dominated the fire safety equipment market, with a market value of USD 17,163.8 million. Due to the rapid development of commercial and industrial building, several countries in this region, particularly the United States and Canada, have considerably contributed to market growth. Furthermore, the regional industry is growing due to strict fire safety rules and standards. For example, the Fire Code, a model code, is accepted by local and state authorities across the United States and enforced by municipal fire departments’ fire prevention personnel. Rising worries about fire safety and security, as well as the rapid use of innovative technologies, are propelling this region forward.

Asia Pacific, on the other hand, is predicted to have the highest CAGR of more than 9% throughout the forecast period. Asia Pacific is a rising area, with countries like India, China, and Japan projected to fuel market expansion. The demand for fire protection equipment is predicted to rise as emerging countries’ urbanization and industrialization accelerate. Furthermore, a significant presence of sensor manufacturing businesses and a high level of fire safety equipment production would aid growth during the predicted period.

Market Outlook

The Fire Protection System Market is estimated to grow at a CAGR of 6.4% over the forecast period, from $62.1 billion in 2021 to $84.6 billion in 2026.

The market is expected to develop due to rising demand for fire safety equipment in industries such as utilities, automotive, manufacturing, energy and power, petrochemical, oil and gas exploration, mining, and construction. Several developed and growing regions, including Europe, North America, and Asia-Pacific, have enacted strict legislation requiring the installation of fire protection systems in residential, industrial, and commercial buildings. The demand for fire safety equipment is being driven by these factors.

In the first quarters of 2020, the COVID-19 pandemic had a negative impact on the fire safety market. As a result, the installation of new fire protection equipment in industrial and commercial applications has decreased. The total market is predicted to develop due to increased spending on new construction activities and the replacement of antiquated fire alarms, sprinklers, and detectors.

Reconstruction efforts, as well as the application of fire safety rules, will have a beneficial impact on market growth. The industry will benefit from technological advancements such as wireless alarm systems, smoke detectors, and water mist technology. The market is likely to develop as people become more aware of fire safety equipment and the dangers it might cause.

Technology Roadmap

The Tech Roadmap for the Global Firefighting Solutions remains intact with the innovation and advancements in technology such as the unearthing of advanced space-based satellites equipped with infrared sensors called Fire Radiative Power (FRP) and the usage of firefighting drones.

With these innovations there is a paradigm shift towards discovery of new and advanced technologies that simplify the process of firefighting solutions. With the rapid outbreak of wildfires in regions such as Canada and Australia and the need to fight-back has enabled the respective governments to invest in the unearthing of new innovative solutions the future of firefighting solutions is interesting and is going to be fruitful for the tech companies involved in the segment.

Competitive Landscape

Due to the presence of electrical product manufacturers, the fire safety systems market is fragmenting since the intensity of competitive rivalry in the market analysed is moderate and expanding. Companies operating in the market engage in active innovation by supplying advanced fire detection systems in order to obtain a competitive market share. Johnson Controls International PLC, Honeywell International Inc., Gentex Corporation, and others are key participants. The following are recent market developments:

In April 2021, Marioff has secured a contract with Rauma Marine Constructions (RMC) in Rauma, Finland, to supply four new Pohjanmaa-class multi-purpose corvettes with HI-FOG high-pressure water mist fire suppression systems as part of the Finnish Navy’s Squadron 2020 project.

In February 2020, Siemens Smart Infrastructure has announced a smart building package aimed at making the workplace more efficient and flexible for people.

Competitive Factors

The key market players are concentrating on tactics including product creation, collaboration, and mergers and acquisitions to expand their footprint in underserved areas. In May 2021, Det-Tronics, a subsidiary of Carrier Global Corporation, has introduced the BluEdge service platform, a unique service solution for customers operating in high-hazard petroleum and oil and gas facilities. This improves the overall operational efficiency of wireless fire detection systems, both new and retrofitted.

Key Market Players

Some of the Major Players in the Global Firefighting Solutions Market are

Johnson Controls International PLC is a multi-industry, global diversified technology business. Energy solutions, integrated infrastructure, and transportation systems are among the company’s main priorities. Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products are the company’s segments. Heating, ventilation, and air conditioning (HVAC) equipment, HVAC controls, energy-management systems, security systems, fire detection systems, and fire suppression solutions are among the goods and systems it creates, manufactures, and instals around the world. It provides energy saving solutions and technical services, such as mechanical and control system inspection, periodic maintenance, and replacement. With Qolsys, DSC, Bentel, Visonic, PowerG, and Tyco devices, it offers security solutions.

Carrier Global Corp. provides Heating, ventilation, and air conditioning (HVAC), refrigeration, fire, and security systems HVAC, Refrigeration, and Fire & Security are the three segments in which it works. Its Fire & Security products include fire, flame, gas, smoke, and carbon monoxide detection, as well as fire extinguishers, fire suppression systems, intruder alarms, access control systems, and video management systems for residential and commercial buildings.

Honeywell International Inc. is a manufacturing and technology firm. Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions are the company’s four segments. The Aerospace section of the company sells aircraft and vehicle goods, software, and services to original equipment manufacturers (OEMs) and other customers. The Honeywell Building Technologies division offers products, software, solutions, and technologies that assist building owners and occupants in making their buildings safer, more energy efficient, and more sustainable.

Halma plc is a life-saving technology company established in the United Kingdom. Process Safety, Infrastructure Safety, Environmental & Analysis, and Medical are the company’s four segments. Products in the Process Safety category include specialized interlocks that safely control important processes, devices that detect flammable and hazardous gases, and explosion protection and corrosion monitoring systems.

HOCHIKI Cop. is a Japanese corporation that specializes in the manufacture, sale, installation, and maintenance of fire alarms, firefighting equipment, information and communication equipment, and security equipment, as well as the development of non-life insurance agency service business and other related ventures. The corporation is divided into two business sectors. The Fire Alarm and Fire Extinguishing Equipment division manufactures and sells fire alarm and fire extinguishing equipment. Automatic fire alarm equipment, emergency alarm, fire alarm equipment, sprinkler fire extinguishing equipment, and tunnel fire prevention system are the major goods.

Strategic Conclusion

The Growth of the segment is hindered by factors such as the sudden outbreak of the COVID-19 Pandemic and the High cost of installment and maintenance. The Market is driven by factors such as Frequent occurrence of Wildfire, increase in fire-related incidents in the oil & gas industry and Technological Integration in Fire Safety Equipment to Bolster the Market Growth.

Though growth bottlenecks exist in the form of challenges such as High costs of installation and maintenance of fire protection systems and Inconsistency in the implementation of fire safety codes which is expected to stifle market growth. There exist lucrative growth opportunities for Market Players with the Advancement in Sensor Technologies and Integration of smoke detectors with IoT and big data.

References

Appendix

SMEs – Small & Medium Enterprises
WAN – Wide Area Network
LAN – Local Area Network
VR – Virtual Reality
XR – Mixed Reality
AR – Augmented Reality
IoT – Internet of Things
Scot – Smart Connected Things