The recent tightening up of fire safety laws in China will breathe new life into the country’s fire safety industry, according to a new report.

IMS Research estimates that by 2014, the Chinese market for fire detection and suppression will be worth over $1 billion, growing at an annual rate of 12.9 per cent.

The amendments to China’s fire laws came into effect last year and, says IMS, will impact the way in which fire detection and suppression equipment is used in buildings in China.

“With enterprises facing increased liability concerns on the back of new legislation, the Chinese market is forecast to see a switch in attitude towards fire detection and suppression equipment and a new interest in quality, reliable product,” said market analyst, Bo Zhang.“New fire laws are also forecast to generate increased service and maintenance revenues, with building owners now required to pay more attention to the upkeep of their fire equipment.”

Background report on fire laws changes