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Emergency escape equipment are developed to assist individuals to escape quickly and safely during a fire or any other emergency. Emergency escape equipment consists of rescue rings, ropes, extracting boards, and stretchers. Emergency Escape Breathing Devices (EEBDs) are self-contained compressed air apparatus that provides breathable oxygen to users. For unconscious divers, a forced ventilation system is used. Emergency escape equipment should be located in easily accessible areas and within a reasonable distance from the source of hazards. Such locations should be sign-posted, including directions from areas where they cannot be seen. Having this equipment will help prevent an injury and control the emergency if it presents itself.
Global financial strength of industries has improved with robust industrialization, which has led to speedy expansion of several industries such as manufacturing, chemicals, oil & gas, food, and so on. In addition, companies have become more cautious about the safety of their employees and workplaces which has accelerated the growth of the emergency escape equipment market. Hence, growing awareness about occupational safety and health has helped to drive the market share of companies dealing in emergency escape equipment.
Although conventional smoke detectors are helpful in preventing fire deaths and also in reducing damage to property, there are some situations that require more advanced technology. Video image smoke detectors use video cameras in combination with remote computers running analytic software to know the presence of smoke and/or flame. These systems are particularly applicable in large open spaces with high ceilings where smoke could take long to reach a conventional alarm, delaying any firefighting response. Examples of spaces where a video image smoke detector may be appropriate include oil rigs and fields, mines, factories, and warehouses. Such new innovations bring opportunities for the product in the market.
The emergency escape equipment market is anticipated to have limited sales due to a limited user base. In addition, concerns about quality of raw material, product, and high prices have led to uncertain demand for emergency escape equipment. Further, the usage of emergency escape equipment is limited to specific industries which might negatively affect the growth of the market.
The U.S and Canada are the largest markets for emergency escape equipment. North America, especially the United States, dominates the emergency escape equipment market due to rapid expansion of several industries such as manufacturing, chemicals, oil & gas, food, and so on.
Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level.
Some of the major companies identified in the emergency escape equipment market are:
Emergency Escape Equipment Market, by Type
Emergency Escape Equipment Market, by End-use
Emergency Escape Equipment Market, by Region
The report on the emergency escape equipment market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
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Emergency Escape Equipment Market
