LAMEA Fire Safety Equipment Market By Solution (Fire Detection Equipment, Fire Suppression Equipment, Fire Suppression Equipment - Fire Extinguishers, Fire Sprinklers), Vertical (Commercial, Industrial, Residential)
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Market Report Description
The Latin America, Middle East and Africa Fire Safety Equipment Market would witness market growth of 12% CAGR during the forecast period (2017-2023). The growing construction industry and rapid development of infrastructure in developing economies have contributed to the growth of fire alarm & detection equipment market. The adoption of fire safety equipment has led to better safety quotient for various structures. With technological developments, the introduction of the wireless and addressable system has been the fundamental factor in improving response time. Additionally, it has also led to reduction in false alarm cases. Advances such as water mist technology, hypoxic air technology, voice evacuation announcements, infraredlaser optical smoke detectors, and wireless fire alarm systems combined with increasing integration of fire protection across building management systems would significantly enhance the technology adoption.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the Latin America, Middle East and Africa 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.