Global Fire Equipment Sales Surge as Safety Regulations Tighten and Urbanization Accelerates

The global fire equipment sales market is experiencing robust growth, driven by stricter safety mandates, rising fire incidents, and rapid urban development. According to Fortune Business Insights, the global fire protection systems market reached USD 68.9 billion in 2024 and is projected to hit USD 111.38 billion by 2032, growing at a CAGR of 6.4% .

Key Growth Drivers

1. Regulatory Pressure Across Regions
Governments worldwide are enforcing tougher fire safety codes. In the U.S., non-residential fire incidents rose 12.7% in 2021, prompting increased demand for compliant fire systems in commercial and industrial buildings. Similarly, China’s 375.7 billion RMB fire equipment market in 2024 reflects strong state investment in public safety infrastructure.

2. Urbanization & Infrastructure Boom
Asia-Pacific leads in growth potential, fueled by high-rise construction and smart city initiatives. India’s construction sector alone grew 13.3% in 2023, directly boosting demand for integrated fire suppression and detection systems.

3. Technological Innovation
Smart fire equipment—such as IoT-enabled extinguishers and AI-linked alarm systems—is reshaping the market. Eco-friendly agents like water mist and ABC super-fine dry powder are also gaining traction due to their high efficiency and low environmental impact.