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Increasing Awareness and Stricter Law Enforcement Stimulates Fire and Safety Market in India Finds Frost & Sullivan - 'Consolidation a Key Trend in this Fragmented Market'
Increasing Awareness and Stricter Law Enforcement Stimulates Fire and Safety Market in India Finds Frost & Sullivan


PRZOOM - /newswire/ - Mumbai, India, 2013/11/27 - 'Consolidation a Key Trend in this Fragmented Market'.

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The growing economy as well as an expanding construction sector provides a strong platform for investments in the Indian fire and safety market. The increasing number of fire accidents across the country is also highlighting the need for better safety standards and equipments across end-user sectors, especially in government offices, schools, colleges, and public places such as railway stations and airports. As reported recently, there were about 22,000 fire related incidents across India. In Mumbai, about 300 odd high rise buildings have been issued notices for not adhering to fire safety norms. Gross violation of fire safety norms enshrined in the National Building Code by builders is a significant reason for the increasing number of fire accidents, as such non-compliance does not entail severe or major penalty.

As a result, market revenues for fire and gas detection and suppression systems are expected to rise from the INR 13.54 billion in 2012 to INR 25.32 billion in 2016, according to the new study from Frost & Sullivan ( titled Analysis of Fire and Safety Market in India. Fire and life safety equipments are becoming mandatory in commercial and industrial buildings, and high-rise apartments too are paying close attention to the safety of property and life.

"The fire and life safety market is a code-driven one, and although building and safety codes have not been enforced strictly in the past, they will become stringent as awareness rises across India," said Frost & Sullivan's Environment & Building Technologies Research Analyst. "Demand will continue to go up as local governments and insurance firms take steps to enforce safety regulations and educate end users on the need for safety compliance."

Unfortunately, many Indian end-users still view fire and safety equipment as a non-productive investment. Very often, basic standards are not met, and even in places where equipment is installed, only a few number of occupants are trained to use fire and safety devices. Moreover, intense competition, price-sensitive end users, and the lack of product differentiation act as barriers to the development of this highly fragmented market. Consolidation is inevitable as companies look to adopt the inorganic model for growth to stay competitive. Presently, big companies are securing the market share through acquisitions and expansions, and by gaining access to tier III cities.

"Competitive pricing, superior product performance, after-sales support, efficient technology, reliability, and strong contractor and customer relationships will play a vital role in helping companies establish a foothold in the Indian market," revealed the analyst. "Although business is coming in from new projects in the construction sector, focus on retrofit segment will open up immense opportunities over the next few years. Critical infrastructure including mass transportation like Railways, Metro Rail, Intelligent Transportation systems and Airport Security will offer the maximum opportunities for the fire and life safety systems."

From a technology perspective, mass notification services, integration of voice evacuation systems, and use of addressable systems to find the exact location of the fire etc. are expected to gain grounds in India. Integration of fire detection systems, surveillance systems with building management systems will continue along with increased use of IP and wireless technologies replacing traditional telephone lines which is the primary alarm communication method now. Indian market is also witnessing the usage of multi-sensor detectors combining up to four detectors: regular photo sensor, a light sensor, a heat sensor, and a carbon monoxide sensor.

If you are interested in a virtual brochure, which provides a brief synopsis of the study and a table of contents, then send an email to Ravinder Kaur / Priya George, Corporate Communications, at ravinder.kaur[.] / priyag[.], with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by email.

Analysis of Fire and Safety Market in India is part of the Building Management Technologies Growth Partnership Service program. Frost & Sullivan's related studies include: Home Automation Markets in Asia-Pacific, European Lighting Equipment (Luminaires) Market, North American and European Smart Windows Market, and North American Geothermal Heating and Cooling Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
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Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

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Analysis of Fire and Safety Market in India / P6BA-19

Media contact:
Nimisha Iyer, Corporate Communications South Asia, Middle East, and North Africa
M: +91 98200 50519 / P: +91 22 6607 2007 - E: niyer[.]

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Increasing Awareness and Stricter Law Enforcement Stimulates Fire and Safety Market in India Finds Frost & Sullivan

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Frost & Sullivan | Fire and Safety
Contact: Ravinder Kaur / Priya George 
+91 44 6681 4413 / +91 44 6681 4414 ravinder.kaur[.] / priyag[.]
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