Africa fire suppression market to accumulate substantial returns from the commercial sector, rising demand from mining contractors to drive the regional landscape
The growth map of Africa fire suppression market is expected to remain exponential in the years to come on account of the growing number of fire accidents in the industrial sector and the enforcement of rigid government regulations to ensure safety of life and property. With a rapid rise in regional industrialization, the presence of flammable products across the oil & gas, chemical, and mining sectors has surged considerably, leading to an extensive demand for fire suppression products. Not to mention, the hospitality and tourism sectors have also been registering increased demand for the product to detect and control fire accidents in hotels, restaurants, resorts, etc., that would help augment the Africa fire suppression industry trends.
South Africa Fire Suppression Market Size, By Application, 2018 & 2025 (USD Million)
It is vital to mention here that the Africa fire suppression market is taking gradual steps to being strictly governed by a regulatory frame of reference. South Africa already has several fire prevention and protection codes in effect which are also followed by certain other countries in North Africa, including Tunisia, Morocco, Algeria and Egypt. However, these countries in North Africa are far behind South Africa in terms of strict regulations, though they still precede countries like Mali, Congo Kinshasa, Chad, Nambia and Rwanda. Indeed, African fire equipment manufacturers are required to be registered with the South African Qualification and Certification Committee that works toward regulating the fire protection industry for consumer safety. As the region traverses toward setting up a stronger regulatory framework concerning fire accidents and fire prevention, Africa fire suppression market share will depict a commendable upsurge.
The expanding commercial sector in the continent has been touted to enhance the growth prospects of Africa fire suppression industry, given the robust requirement for fire extinguishers and sprinklers in retail stores, warehouses, universities, resorts, hospitals, and more. As a matter of fact, the commercial buildings in Africa need to be constructed in compliance with the Building and Occupancy Act in terms of the firefighting equipment required.
Commercial property owners also need to ensure that they comprehend the Occupational Health and Safety Act (OHSA) to deliver a healthy and safe environment for employees and visitors. The Act mandates commercial buildings to be constructed and well-equipped to detect, fight and extinguish a fire in case of a mishap. Also, the equipment deployed needs to adhere to the approved guidelines by the regional governments. The robust expansion in the commercial construction sector and the rising enforcement of government directives for the deployment of fire extinguishing systems educational institutes, laboratories, and hospitals will impel the Africa fire suppression market share from commercial applications.
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Mining companies and contractors in South Africa have also lately been preferring to adopt water-mist technology to suppress fire in the mines. Water-mist technology is preferred because of its low total cost of ownership, safety and extended life cycle. In fact, it has been observed that numerous mining companies have planned to change to water-mist technology from either foam or powder as the preferred fire extinguishing method. This is validated by a statement from the Swedish company Fogmaker International’s Southern African distributor who recently claimed that regional mining companies and contractors have been depicting an inclination to use Fogmaker’s triple-action fire suppression system which eliminates fuel, heat and oxygen and suppress fire in seconds. The rising product demand from the regional mining sector is likely to augment the commercialization scope of Africa fire suppression market.
The governments of many African countries have now started to enforce stricter regulations pertaining to safety in order to safeguard life and property. The countries that are already following stringent regulations are likely to further tighten the norms to reduce the losses due to fire. It is imperative to state here that the competitive landscape of Africa fire suppression market is characterized by collaborations, product diversification, innovations and low-cost manufacturing. As per estimates, Africa fire suppression market size will exceed $700 million by the year 2025.
Author Name : Anchal Solanki
U.S. fire suppression market to garner remarkable profits over 2017-2024, product innovations to outline the competitive landscape
Lifeline’s recent launch of the latest edition of Zero 3620 fire suppression system marks another lucrative journey for the car safety giant in fire suppression industry. Post the gala success of its patent Zero 3620 fire suppression series, Lifeline, somewhere toward the end of 2016, introduced Zero 3620 Firemarshal, reported to be the advanced version of the original system. As claimed by the experts, this state-of-the-art fire suppression technology not only offers outstanding performance but also scores a competitive advantage with regards to its cost when compared with other FIA 8865 approved series. In addition to this, Zero 3620 Firemarshal also meets all the revised fire suppression standards of FIA 8865 and has been especially designed to be used with diesel, unleaded petrol, and E85 fuels, cite reliable sources. Thriving on the foundation of the escalating requirement of fire safety in commercial and industrial sectors, which has pushed leading companies to diversify their product portfolio, fire suppression industry size is certain to widen its horizon in the coming years.
U.S. Fire Suppression Market, By End-Use, 2016 & 2024 (Million Units)
As reported by Global Market Insights, Inc., fire suppression market size will exceed a valuation of USD 16 billion by 2024, with the overall target annual installation to surpass 500 million units by 2024. Tremendous increase in the number of fire accidents and hazards over the last couple of years across the globe is stupendously driving fire suppression market size. Validating this crucial fact- International Rescue Services in one of the latest reports estimated that over 60000 injuries and 20000 casualties were recorded in the year 2014, due to fire. Considering these compelling issues, stringent government norms have been mandated on workers associated with mining and petrochemicals sectors to maintain occupational safety and control loss of property, which again has proved to be a major driver for the global fire suppression market outlook.
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The U.S. government, for instance, has established NFPA (National Fire Protection Association) codes and protocols for the standardization of equipment and protection systems across the country. Undoubtedly, it has brought remarkable proceeds in the regional fire suppression market trends. U.S. is one of those fire-accident prone regions where the record is noticeably high. In fact, National Fire Protection Association, in its latest report, stated that in the year 2015, America accounted for almost 1,345,500 fire accidents. Strong positive outlook toward building safety codes along with growing incidence of fire hazards is expected to stimulate the product penetration in this country. If experts’ estimations are to be relied on, U.S. fire suppression industry is anticipated to exceed an annual installation of 150 million units in the coming seven years.
Europe is also claimed to be another lucrative ground for fire suppression market growth, with U.K at its foray. In fact, U.K fire suppression industry, is estimated to witness a y-o-y growth of 3% over 2017-2024. Spreading awareness among the Europeans with regards to increasing adoption of fire protection system has fostered the regional market proliferation. Additionally, the European Commission estimates that approximately over 70000 people get hospitalized every year from fire hazards with a subsequent damage of almost USD 148.6 billion. Unfortunately, the percentage is increasing day by day, which proves to be a significant contributing factor contributing to the regional fire suppression market share. The British government in this regard, has taken substantial steps toward the development of workplace safety especially across residential and commercial sectors. For Instance, The BAFSA (British Automatic Fire Sprinkler Association) deals with building codes that standardize the installation, design, and sprinklers in residential complexes of U.K. The British government has also mandated that the premises with heavy electrical equipment should have installations of 5kg CO2 extinguisher. For fire suppression industry players, this is a vital factor to be taken into consideration.
Global fire suppression market is characterized by the participation of some of the renowned biggies like TYCO, Amerex Corporation, United Technologies Corporation, National Fire Equipment Ltd., SFFECO, Minimax, and Master Fire Preventions Ltd. These giants are increasingly focusing on product innovations which are endowed with advanced technological affluences. For instance, Tyco, in the year 2015, introduced a novel ESFR pendent sprinkler for storage and warehouse application with an objective to strengthen its business position in the competitive landscape. Looking at the incessant effort taken by the leading companies toward the upgradation of their product portfolios along with consumers’ growing awareness toward fire safety, it is undeniable that fire suppression industry would profoundly enhance its profitability landscape over the forthcoming years.
Author Name :Satarupa De