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Construction and Industrial Boom in India Resonates in the Fire Suppression Systems Market Finds Frost & Sullivan - The fire suppression systems (FSS) market in India owes much of its success to the escalation in industrial activities and frenetic pace of construction of commercial units
Construction and Industrial Boom in India Resonates in the Fire Suppression Systems Market Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Mumbai, India, 2010/04/26 - The fire suppression systems (FSS) market in India owes much of its success to the escalation in industrial activities and frenetic pace of construction of commercial units.

   
 
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Real estate sectors such as commercial and residential buildings; industrial sectors such as power generation, oil and gas, petrochemicals, metals, manufacturing (electronics and automotive); and transportation sectors such as airports, metro railway stations, and seaports present a plethora of opportunities to market vendors.

New analysis from Frost & Sullivan (buildingtechnologies.frost.com), Strategic Analysis of the Indian Fire Suppression Systems Market, finds that the market earned revenues of INR 9,750.0 million in 2009 and estimates this to reach INR 18,139.6 million in 2014, growing at a compound annual growth rate of 13.2 percent.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an email to Ravinder Kaur / Amrita Nandi, Corporate Communications, at ravinder.kaur[.]frost.com / amritan[.]frost.com, 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.

Although the economic downturn did take its toll on the market, the second half of 2010 holds promise, thanks to the expected economic recovery and growth in end-user industries. The market will also get a leg up from regulations regarding the environment and fire safety in buildings, as well as the need for asset protection and life safety. FSS is finding considerable application in the commercial, industrial, and transportation sectors to protect human life and critical equipment. These sectors offer huge potential due to the involvement of a higher number of occupants and the constant operation of equipment/machineries in the building.

The continuous need for asset protection and life safety is compelling suppliers to frequently upgrade to the latest technologies. With environmental sustainability becoming a buzzword, suppliers are reluctant to use the currently available gaseous agents, as they could be toxic when released. These pertinent concerns are translating into higher R&D and quality-control investments by participants.

Improved end-user awareness about life safety, security, and asset management has helped the market grow significantly, but the Indian market is highly fragmented, unlike its counterparts in developed countries. Therefore, companies are increasingly considering the feasibility of consolidation by either merging with a product company/distributors or acquiring the product company/distributors. This move will allow them to expand their product portfolio; increase access to their service range, distribution, technical manpower, and customer network; leverage their brand image; and offer competitively priced products.

"Cost-effective products, eco-friendly technologies, quality consistency in product manufacturing, product installation; as well as excellent after-sales, training, warranty and technical support are vital in the FSS market," says Frost & Sullivan Senior Research Analyst Vivek Vijayakumar. "Further, project contractors have to offer scalable products that incorporate the latest innovations and provide comprehensive service solutions at a one-stop shop, backed by trained, qualified manpower."

However, the shortfall in skilled and unskilled labor, especially in the tier-2 and tier-3 cities and the inability to attract and retain experienced professional employees is always been a major challenge for the suppliers in this market.

Companies are hoping to accrue the required manpower by recruiting and retaining talent by providing in-house training for various project-related activities in design, installation, and service support or by sending them to educational institutions. They also offer salaries consistent with industry standards and other sundry employee benefits.

Meanwhile, they need to work on enhancing customers' awareness about the benefits of their FSS technologies to obtain larger investments, which will expedite decision-making, contract-awarding, and project-execution processes.

"Manufacturers need to initiate education campaigns, promote eco-friendly technologies, and convince customers through marketing literature, informative videos, presentations, and case studies," notes Vijayakumar.

Strategic Analysis of the Indian Fire Suppression Systems Market is part of the Building Management Technologies Growth Partnership Services program, which also includes research in the following markets: Indian Facility Management Services Market, Middle East Facility Management Services Market, Middle East Mechanical, Electrical and Plumbing Services Market, Indian Lighting Controls and Systems Market, and Middle East District Cooling Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

Strategic Analysis of the Indian Fire Suppression Systems Market / P3AC

Contact:
Tanu Chopra
Corporate Communications – Middle East
P: +91 22 4001 3437
F: +91 22 2832 4713
E: tanuc[.]frost.com.

Nimisha Iyer
Corporate Communications – South Asia and Middle East
M: +91 98200 50519
F: +91 22 2832 4713
E: niyer[.]frost.com.

 
 
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Construction and Industrial Boom in India Resonates in the Fire Suppression Systems Market Finds Frost & Sullivan

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