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The China fire safety and security market is one of the largest and fastest-growing in the world. In 2022, the market was valued at $81.5 billion and is expected to reach $128.3 billion by 2027, growing at a CAGR of 10.2%. The market is driven by a number of factors, including the growing urbanization, increasing construction activity, and rising concerns about safety and security.
The Chinese government is the largest purchaser of fire safety and security products and services in the world. In 2022, the government spent $32.4 billion on fire safety and security, accounting for 40% of the total market. The government is committed to improving fire safety and security in the country and is investing heavily in new technologies and products.
The main fire safety and security products and services procured by the Chinese government include:
Fire alarm systems
Fire suppression systems
Access control systems
Video surveillance systems
Intrusion detection systems
The top authorities for China fire safety and security procurement include:
Ministry of Public Security
Ministry of Housing and Urban-Rural Development
Ministry of Civil Affairs
National Development and Reform Commission
The top winners of China fire safety and security procurement include:
Huawei Technologies
Hikvision Digital Technology
Dahua Technology
Honeywell International
Tyco International
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