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List of Figures
Figure 1: Germany Fire Safety Equipment Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 2: Germany Fire Safety Equipment Market Share By-product Type (2016, 2021&2027F)
Figure 3: Germany Fire Safety Equipment Market Share by Application (2016, 2021& 2027F)
Figure 4: Market Attractiveness Index, By Product Type
Figure 5: Market Attractiveness Index, By Application
Figure6: Porter's Five Forces Meter of Fire Safety Equipment Industry in Germany
List of Table
Table 1: Germany Fire Safety Equipment Market Size of Fire Alarm (2016 to2027F) in USD Billion
Table 2: Germany Fire Safety Equipment Market Size of Fire Suppression (2016 to2027F) in USD Billion
Table 3: Germany Fire Safety Equipment Market Size of Fire Detection (2016 to2027F) in USD Billion
Table 4: Germany Fire Safety Equipment Market Size of Commercial (2016 to2027F) in USD Billion
Table 5: Germany Fire Safety Equipment Market Size of Industrial (2016 to2027F) in USD Billion
Table 6: Germany Fire Safety Equipment Market Size of Residential (2016 to2027F) in USD Billion
Table 7: Key Facts of Company 1
Table 8: Key Facts of Company 2
Table 9: Key Facts of Company 3
Table 10: Key Facts of Company 4
Table 11: Key Facts of Company 5
Table 12: Key Facts of Company 6
Table 13: Key Facts of Company 7
Table 14: Key Facts of Company 8
Devices made for user protection and safety in the event of fire accidents are included in the category of fire safety equipment. These were created especially to offer security and help by spotting dangerous flames at their earliest stages. Alarms and fire extinguishers are two examples of equipment that may be used in residential, commercial, and industrial settings. For the family's safety and protection, it's crucial to have fire safety equipment in your house. This blog post was created to assist you in making sure that have the tools necessary to detect emergencies and put out any fires. The house poses several fire concerns. Candles and other open flames, smoking, matches and lighters, flammable liquids and aerosols, open fires and chimneys, overheating electronic and electrical appliances, unattended cooking in the kitchen, overloaded or faulty electrical systems, candles and other open flames, and barbecues are a few examples. The home raises a number of fire safety issues. A few examples include candles and other open flames, smoking, matches and lighters, flammable liquids and aerosols, open fires and chimneys, overheating electronic and electrical appliances, unattended cooking in the kitchen, overloaded or faulty electrical systems, candles and other open flames, and barbecues.
According to this report published by Actual Market Research titled “Germany Fire Safety Equipment Market Research Report, 2027” Germany is expected to grow with more than 4% CAGR by the forecasted period. Fire detectors are commonly used in all different areas commercial, industrial and residential. Detectors like the smoke detector is an electronic device, that automatically senses the presence of fire and activates the fire alarm. However, in Germany, fire detectors hold the highest market share.
Government requirements and strict regulations pertaining to workplace safety are anticipated to be the main drivers of market growth. The need for cutting-edge fire protection equipment as well as factors including rising public awareness of the advantages of installing fire safety and security equipment are predicted to fuel market expansion.
Over the course of the projection period, it is also anticipated that the shift toward the installation of technologically improved fire detection systems and environmentally friendly fire suppression chemicals would boost market growth. Other factors driving market growth include the introduction of smart fire suppression and detection systems, the expansion of the Internet of Things (IoT) for the wireless integration of such systems, the enforcement of various safety and building codes, and rising fire safety expenditure by businesses. The necessity for the implementation of smart technologies, including wireless sensor networks, throughout the industrial, commercial, and residential sectors has been prompted by an increase in accidents and property damage as a result of fire breakouts. As a result, regulatory agencies in several nations are developing new laws that mandate the installation of fire safety devices.
The market is divided into three categories based on application: commercial, residential, and industrial. Over the projection period, the residential category is anticipated to have the greatest CAGR. Due to growing knowledge of fire safety equipment and its advantages, the demand for it has expanded dramatically over the past two years throughout this industry. It is also projected that the expansion would be fueled by the expanding infrastructure construction in both established and emerging nations. The industrial application segment led the market. Manufacturing, energy and power, transportation industries, and oil and gas are all included in this area. Because the risk is so great, many industries place a lot of emphasis on installing fire protection equipment. Because combustible materials are involved, the oil and gas industries are particularly vulnerable to fire mishaps. Demand for fire safety equipment is being driven by government laws to protect workers from fire accidents.
Fire alarm is further sub divided into, three parts fire alarm safety equipment, Fire suppression equipment and fire detection equipment market. It is necessary to utilise both fire alarms and detectors at once. While alarms send out a warning to the inhabitants, detectors are crucial in finding leaks. Both product categories will experience considerable increase during the projection period and are crucial to a building or facility. In the current situation, technology plays a significant part in product advancements and benefiting the corresponding market demand. For instance, incorporating cutting-edge features that facilitate voice evacuation will go a long way in boosting product sales and the market's expansion as a whole.
In the first quarters of 2021, the COVID-19 pandemic breakout had a negative effect on the fire safety market. As a result, fewer pieces of new fire safety equipment are being installed in industrial and commercial settings. On the other hand, rising spending on new building projects and the replacement of out-of-date fire alarms, sprinklers, and detectors are anticipated to drive the market for fire safety equipment in the next years.
CONSIDERED IN THE REPORT
• Geography: Germany
• Base year: 2021
• Historical year: 2016
• Forecasted year: 2027
ASPECTS COVERED IN THE REPORT
• Market Size by Value for the period (2016-2027F)
• Market Share by Product Type (Fire Detection, Fire Alarm, Fire Suppression)
• Market Share by Application (Commercial, Industrial, Residential)
• Market Share by Country
The approach of the report
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases and annual reports of companies, analyzing government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. After this, we have started making primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fire safety equipment industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.