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The Asia Pacific Fire Safety Equipment Market would witness market growth of 10.8% CAGR during the forecast period (2017 - 2023). Fire alarms are used to detect and warn people through audio and video appliances when carbon monoxide, fire, smoke, or other emergencies situations arise. Fire alarms are majorly used to warn people in advance of potential fire breakouts, so necessary actions could be initiated in advance and save lives.
The effectiveness of the system varies depending on the stage at which the system is implemented. Increasing number of manufacturing activities across developing economies such as China, India, would significantly contribute to the demand for fire suppression products during the forecast period. Advances in technology including wireless alarm systems, water mist technology, integrating fire detection devices, and addition of smoke detectors into building management would be factors favorable for the market growth during the forecast period.
Based on Solution, the market report segments the market into Fire Detection Equipment and Fire Suppression Equipment. Fire Suppression Equipment includes Fire Extinguishers and Fire Sprinklers. Fire Extinguishers are further divided into Gas Based, Water Based, and Dry Chemical Powder & Others. Based on Vertical, the Fire Safety Equipment market segments the market into Commercial, Industrial, and Residential.
Based on Countries, the Fire Safety Equipment market segments the market into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the Asia Pacific Fire Safety Equipment Market. Key companies profiled in the report include Robert Bosch GmbH (Bosch Security Systems Inc.), Halma plc, Hochiki Corporation, Honeywell International, Inc., Johnson Controls International Plc., Napco Security Technologies, Space Age Electronics Inc., United Technologies Corporation, Eaton Corporation plc (Cooper Wheelock), and Gentex Corporation.