Press Release

India Fire Detection Equipment Market to Grow at 11% till 2022

Government initiatives such as Make in India, Smart City Mission, Housing for All, etc., and growing investments in infrastructure sector to aid India fire detection equipment market through 2022

According to TechSci Research report, India Fire Detection Equipment Market By Product, By Alarm System Type, By End User, Competition Forecast & Opportunities, 2022, India fire detection equipment market is projected to grow at a CAGR of around 11% during 2017 – 2022. In India, awareness regarding the need for better fire detection equipment is growing, and consumers are now shifting towards better quality equipment for ensuring an optimal response during any crisis. Moreover, consolidation of global players is likely to positively impact India fire detection equipment market in the coming years, as more products with high quality would surface the country.

Browse 21 market data Tables and 30 Figures spread through 99 Pages and an in-depth TOC on  "India Fire Detection Equipment Market"


https://www.techsciresearch.com/report/india-fire-detection-equipment-market-by-product-detectors-fire-alarm-control-panels-alarms-excluding-bus-alarms-bus-alarm-systems-others-by-alarm-system-type-wired-vs-wireless-by-end-user-competition-forecast-opportunities/1190.html

Under the “Housing for All” scheme, Indian government plans to provide affordable housing for all Indian citizens in association with public and private players, and also plans to offer subsidies for the development of houses for intended beneficiaries. The government is likely to invest more than USD60 billion to develop affordable houses for Indian households in the coming years. While, under the Smart City Mission, another major government initiative, about 100 smart cities are to be developed across the country. The program will attract an investment of more than USD150 billion, and will involve construction of smart buildings which would require fire detection equipment, as per the country’s prevailing fire safety norms. All these government initiatives are expected to positively influence India fire detection equipment market in the coming years.

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Various associations, government bodies and private organizations have increased emphasis on fire & safety audits as small companies usually prefer cheap fire detection equipment in order to cut cost. With increasing awareness programs and regular audits, the market of fire detection equipment in India is expected to grow at a robust pace during forecast period., said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. Few of the major players operating in the country’s fire safety detection equipment market include Honeywell Automation India Ltd., Siemens Ltd., Halma plc (Halma India Pvt. Ltd.), UTC Fire and Security India Limited, Tyco Fire and Security India Pvt Ltd (Johnson Controls Ltd.), IMAKE International Co., Ltd., Shenzhen YongChangDa Electronics Co. Ltd., Bestgo Security Co. Limited, ZUDEN Technology (HK) Co., Limited, and Numen Electronic Co., Ltd.

“India Fire Detection Equipment Market By Product, By Alarm System Type, By End User, Competition Forecast & Opportunities, 2022 has evaluated the future growth potential of India fire detection equipment market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India fire detection equipment market.

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India Fire Detection Equipment Market By Product (Detectors, Fire Alarm Control Panels, Alarms (excluding Bus Alarms), Bus Alarm Systems, & Others), By Alarm System Type (Wired Vs. Wireless), By End User, Competition Forecast & Opportunities, 2022

Infrastructure | Jul, 2017News

Government initiatives such as Make in India, Smart City Mission, Housing for All, etc., and growing investments in infrastructure sector to aid India fire detection equipment market through 2022

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