Tighter Regulations Guarantee Greater Adoption of Fire Safety Systems in Southeast Asia, Finds Frost & Sullivan

Tighter Regulations Guarantee Greater Adoption of Fire Safety Systems in Southeast Asia, Finds Frost & Sullivan PR Newswire SINGAPORE, Oct. 3, 2012 - Technological advancements to lower costs of equipment and fuel adoption SINGAPORE, Oct. 3, 2012 /PRNewswire/ -- Existing regulations in the construction industry have shaped the landscape of the fire and safety market in Southeast Asia. As countries across the region make amendments to these policies to address the safety and sustainability concerns in building construction, the fire and safety market is set to grow exponentially. New analysis from Frost & Sullivan (http://www.buildingtechnologies.frost.com), Southeast Asia Fire and Safety Market, finds that the market earned revenues of over $342.7 million in 2011 and estimates this to reach $548.3 million in 2017. Emerging economies in Southeast Asia, following the lead of their western counterparts, are placing greater demands on the building industry for better health and safety measures. This trend has driven research and development to make fire and safety technology more functional, easier to install and cost effective. "The recovery of the construction market post-recession has boosted the adoption of fire and safety systems, especially in new construction projects," said Frost & Sullivan Research Associate Prashanth Kay. "Thailand, Malaysia and Singapore are the largest markets by revenue, but high growth is expected in Vietnam and Indonesia.