Indian fire alarm system market is anticipated to exhibit a CAGR of 8.0% during the forecast period. The presence of stringent government regulations regarding the use of fire safety appliances in residential, commercial, and industrial buildings is anticipated to drive the regional growth of the market. National Building Code of India covers the detailed guidelines for construction, maintenance, and fire safety of the structures. The code mainly focuses upon the compliance of minimum standards of fire safety necessary for building occupants and users. As per the guidelines of the National Building Code of India fire protection equipment/installations to the laid down quality requirements, it is desirable to use such equipment/installation duly certified under the Bureau of Indian Standards (BIS) Certification Marks Scheme.
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BIS has formulated more than 150 standards on fire safety in buildings and firefighting equipment & systems. Code of practice for fire safety of building (IS 1641 to IS 1646), electrical generating and distributing stations (IS 3034), cotton textile mills (IS 3079), rubber and plastic (IS 11457 Part 1), libraries and archives (IS 11460), iron and steel industries (IS 13694), hotels (IS 13716), educational institutions (IS 14435); fire detection and alarm systems (IS 2189), and so on. The presence of such standards in the country is promoting the adoption of fire alarm in the country which in turn is driving the market growth.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2019-2026
- Segment Covered- By Product Type, Application
- Competitive Landscape- Eaton Corp., Hochiki Corp., Honeywell International Inc., Johnson Controls International plc, Nittan Company, Ltd., Panasonic Corp., Robert Bosch GmbH, and so on
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Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Indian Fire Alarm System Market Report Segment
By Product
- Conventional Fire Alarm System
- Addressable Fire Alarm System
By Application
- Commercial
- Industrial
- Residential
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