Market Forecast By Types (Audible Alarms, Visual Alarms, Manual Call Point), By Application (Commercial, Industrial, Residential), And Competitive Landscape
Product Code: ETC002515 | Publication Date: Aug 2023 | Updated Date: Feb 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Fire Alarm Market registered a growth of 17.42% in value shipments in 2022 as compared to 2021 and an increase of 8.03% CAGR in 2022 over a period of 2017. In Fire Alarm Market India is becoming more competitive as the HHI index in 2022 was 1333 while in 2017 it was 1593. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Fire Alarm Market.
India Fire Alarm market is expected to gain momentum during the upcoming years on account of increasing investment in real estate projects. Expansion of transport network coupled with the strengthening of construction sectors is driving the India Fire Alarm Market Growth. Moreover, increasing penetration towards safety and security is also accelerating the demand for Fire Alarms in India. Increasing cases of fire collisions in manufacturing and chemical industries are also driving the development of the market. Increasing advancement in technology and the introduction of wireless alarm triggers the potential growth of the market.
India Fire Alarm market report thoroughly covers the India Fire Alarm market by types and applications. The India Fire Alarm market outlook report provides an unbiased and detailed analysis of the ongoing India Fire Alarm market trends, opportunities/high growth areas, market drivers, and India Fire Alarm market share by companies, which would help stakeholders to device and align market strategies according to the current and future market dynamics.
India Fire Alarm Market had witnessed substantial growth in the past few years on account of technological advancement and increasing construction activities. The factors driving the demand for the fire alarm market in India are growing urbanization and increasing awareness regarding safety systems and fire protection. Furthermore, growing advanced infrastructures such as smart cities, hospitals, airports, etc. would further fuel the growth of the fire alarm market in India.
According to 6wresearch, the India Fire Alarm Market size is expected to grow during 2020-2026. An increasing number of construction projects coupled with innovation of advanced products is accelerating the India Fire Alarm Market Growth. However, the high initial cost and false detection of alarms are likely to restrain the growth of the industry.
Based on the application, the commercial segment is anticipated to hold a major revenue share in the fire alarm market over the forecast period on account of growing security concerns and rising commercial sector coupled with rising government regulations towards safety.
In terms of types, the audible alarm segment is anticipated to dominate the fire alarm market revenue share in India due to rapid urbanization, easy installation, and rising demand for public address systems along with a voice alarm system
The outburst of coronavirus led to the new working system of working from home, which further created opportunities for safety and security. Re-opening of businesses after the lockdown led to an increase in the demand for maintaining fire security systems that further accelerate the growth of the market. However, nationwide lockdown and restrictions imposed by the government led to disruption in the supply chain of a fire alarm. The market is expected to grow in the coming years and reach a pre-pandemic level.
Key players in India Fire Alarm Market are:
The India Fire Alarm Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. India Fire Alarm Market Overview |
3.1 India Fire Alarm Market Revenues and Volume, 2016-2026F |
3.2 India Fire Alarm Market Revenue Share, By Types, 2019 & 2026F |
3.3 India Fire Alarm Market Revenue Share, By Application, 2019 & 2026F |
3.4 India Fire Alarm Market - Industry Life Cycle |
3.5 India Fire Alarm Market - Porter’s Five Forces |
4. India Fire Alarm Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. India Fire Alarm Market Trends |
6. India Fire Alarm Market Overview, by Type |
6.1 India Audible Alarm Fire Alarm Market Revenues and Volume, 2016-2026F |
6.2 India Visual Alarm Fire Alarm Market Revenues and Volume, 2016-2026F |
6.3 India Manual Call-Points Fire Alarm Market Revenues and Volume, 2016-2026F |
7. India Fire Alarm Market Overview, by Application |
7.1 India Fire Alarm Market Revenue and Volumes, By Commercial, 2016-2026F |
7.2 India Fire Alarm Market Revenue and Volumes, By Industrial, 2016-2026F |
7.3 India Fire Alarm Market Revenue and Volumes, By Residential, 2016-2026F |
8. India Fire Alarm Market Key Performance Indicators |
9. India Fire Alarm Market Opportunity Assessment |
9.1 India Fire Alarm Market Opportunity Assessment, By Types, 2026F |
9.2 India Fire Alarm Market Opportunity Assessment, By Application, 2026F |
10. India Fire Alarm Market Competitive Landscape |
10.1 India Fire Alarm Market By Companies, 2019 |
10.2 India Fire Alarm Market Competitive Benchmarking, By Operating Parameters |
11. Company Profiles |
12. Key Strategic Recommendations |
13. Disclaimer |