Fire is a major concern in Indian cities. But the fire prevention and safety industry still does not see interest from customers to invest more.
As with many other countries, the fire safety market in India has always grown at a steady but slow pace. According to 6W Research, the fire safety systems and equipment market in the country is expected to grow at a rate of 9 percent in the five years ending 2023. A range of sectors from hospitality, retail, entertainment, transportation, and residential, are expected to fuel this growth.
The last few years have seen a pickup in demand, as developments across the country, especially in Tier-II and Tier-III cities, expanded. Awareness among customers is more than before. Extensive media coverage of recent fire-related incidents has contributed to this. But this doesn’t mean that the market penetration of fire ...
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