INDIA FIRE DETECTION EQUIPMENT – MARKET FORECAST 2022
India fire detection equipment market is projected to grow at a CAGR of over 10% till 2022. Growth in the market is anticipated on account of strong macroeconomic conditions, large-scale investments in real estate projects, rapid industrialization and continuously expanding transport network across the country. India’s construction sector is expected to account for USD1,000.56 billion by 2025 and is expected to become the world’s third largest construction market by the same year. Robust construction activities in the country would boost the demand for fire detection equipment during the forecast period. According to “India Fire Detection Equipment Market By Product, By Alarm System Type, By End User, Competition Forecast & Opportunities, 2022”, some of the major players operating in the 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...