According to a recently published report, India Fire Safety Equipment Market Forecast & Opportunities, 2017, the India fire safety equipment market has a strong growth potential. It is forecast that the market revenues will cross USD 4.26 Billion by the end of 2017. The demand for fire safety equipment is rising on the heels of economic growth of India, rapid industrialization, a radically growing commercial sector and improvement in the overall real estate industry.
The usage and application of fire safety equipment is continuously increasing with corporations and commercial entities laying additional emphasis on fire safety and security. Many state governments have now made it mandatory for proper installation and adequacy of fire safety installations, particularly in commercial establishments. With the intensification of competition as a result of the entry of several small and unorganized players into the market, innovation and product differentiation are likely to play the key role for the players, said Mr. Karan Chechi, Research Director with TechSci Research, a global management consulting firm.
The India Fire Safety Equipment Market Forecast & Opportunities, 2017 has analyzed the growth potential of the fire safety equipment in India and provides statistics and information on market structure and consumer behavior trends. The report includes fire safety equipment’s market projections and demand forecasting. The report is intended to provide cutting edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities available in the fire safety equipment market in India