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India Fire Safety Equipments Market Forecast and Opportunities, 2017

India fire safety equipment market: $4.3 billion industry by 2017


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2014-02-26 05:14:03 - India Fire Safety Equipments Market Forecast and Opportunities, 2017 - a new market research report on companiesandmarkets.com

The India fire safety equipment market is forecast to grow to a value of around $4.26 billion by the end of 2017. With rapid industrialization and escalating governmental regulations, the fire safety equipments market in India is poised for growth.

Every year, India loses thousands of lives and assets valuing billions in accidents caused due to fire. Even though, the laws related to fire safety and risks have levied statutory norms, but there are no major penalties on violation of any such mandatory norm. Various fire safety audits have concluded that several establishments lack basic fire prevention measures, even in important sectors like healthcare. The same scenario holds true for the residential sector as well. This has resulted into the emergence

 

 

of massive unorganized sector with the dominant market share when compared to the organized marketplace in the Indian fire safety equipments market.

The demand for fire safety equipments is rising on the heels of economic growth of India, rapid industrialization, radically growing commercial sector and improvement in the overall real estate industry.

The usage and application of fire safety equipments are continuously increasing with corporations and commercial entities laying additional emphasis on fire safety and security. Many state governments have now made it mandatory for proper installation and adequacy of fire safety installations, particularly in commercial establishments. With the intensification of competition as a result of entry of several small and unorganized players into the market, innovation and product differentiation are likely to play the key role for the players.

The fire protection market in India is highly fragmented and majorly dominated by unorganized players with regional presence. Most of these companies are either family owned or proprietary concerns. There are only a handful of players in the organized market with pan India presence in this industry which leaves huge growth opportunities for international companies to enter this market before it gets organized or crowded and capture the market share with quality products.

Report Scope

This report discusses the following aspects related to fire safety equipments market in India:

• Fire Fighting Equipment Market Size and Share
• Fire Detection Equipment Market Size and Share
• Fire Protection Equipment Market Size and Share
• Market Trends and Dynamics
• Competitive Landscape and Strategic Recommendations

Why You Should Buy This Report

• To gain in-depth understanding of fire safety equipment market dynamics in India
• To identify the on-going trends and anticipated growth in the coming years
• To help industry consultants, fire safety equipment manufacturers and other stakeholders to align their market-centric strategies
• To obtain research based business decision and add weight to presentations and marketing materials
• To gain competitive knowledge of leading players
• To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer´s specific needs

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