India Fire Detection Equipment Market to Grow at 10% CAGR to 2022, Predicts TechSci Research in Its New Publication Available at MarketPublishers.com05 Sep 2017 • by Natalie Aster
LONDON – The Indian fire detection equipment market is poised to gain traction and to demonstrate robust growth at a 10% CAGR through 2022. The key market growth encouraging factors include strong macroeconomic scenario, increased investments in real estate projects, rising industrialisation and developing transport network across India, among others.
Moreover, the Indian construction sector is demonstrating sustainable growth. By 2025, it is projected to exceed USD 1 trillion in value terms. India is predicted to be the third largest construction market globally by 2025. Uptake in the domestic construction sector is poised to give a boost to India’s fire detection equipment market growth during 2017-2025.
Nowadays, the Indian fire detection equipment marketplace is highly competitive. The main market participants involved in the country’s fire detection equipment industry comprise Honeywell Automation, IMAKE International, Bestgo Security, Numen Electronic, Tyco Fire and Security (Johnson Controls), amid others.
The new report “India Fire Detection Equipment Market By Product, By Alarm System Type, By End User, Competition Forecast & Opportunities, 2022” provided by TechSci Research analyses the Indian fire detection equipment market, examines the market segments and estimates the market shares, uncovers data on the market size, growth rates and main influencing factors. It presents a thorough market assessment based on products, types, regions, companies and end-users. Moreover, the report highlights changing trends, current and emerging opportunities and future growth prospects of the country’s fire detection equipment market. Furthermore, this study looks at pricing trends, provides margins analysis, covers the market dynamics, touches upon the major import and export trends, and also includes a supply chain review. Moreover, this report examines key policies and regulatory issues, presents valuable information on the major companies active in the market. Besides, the report evaluates the market competitive environment, presents detailed profiles of the top 10 market participants. A five-year comprehensive future outlook for the Indian fire equipment market is at hand in this study.
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