So, you have all the requirements and requisites ready to start a fire protection equipment business. All good to go! But you are still not focused on the type of equipment you can manufacture at your place to sell to the final customers. Then, this place is for you. But before we get into the actual crux of this article, let us get into other important details.
Reasons to start a fire protection equipment business
Does the business idea sound overwhelming to you, or does it the opposite and spark an interest in your mind? It could be both, but you need not worry. There are solid reasons to start a fire protection equipment business.
Fire outbreaks do not come with an announcement. And it could happen anywhere and anytime. Instead of getting stressed with the possibility of an outbreak, it is essential for every house owner and business owner to use fire protection equipment and care for their safety.
The installation of this equipment is done at strategic locations, and hence, it is a lucrative idea to start a relevant business. This business idea is open to all those who have a genuine interest and would like to earn sufficient revenue while protecting the customers’ premises.
The fire protection business opportunity
In most parts of the United States, it is mandatory to install fire protection equipment in banks, households, office premises, public organizations, and government-based entities. And even if it is not compulsory in some parts, it is highly recommended. House and business owners opt for the installation of fire protection equipment to ensure the safety of their employees and premises as well. Hence, the awareness part has helped you in providing your products to the customers.
It is an undeniable truth that there is no dearth for customers of fire protection equipment. Even if it sounds and is a highly technical business and requires a greater degree of skill and talent, an entrepreneur doesn’t have to be born with the skills. He can learn in a matter of a few months, gain all the technical knowledge, and set up the desired business. You could be having zero skills at the moment, but it doesn’t mean you cannot start a business in the upcoming months. Just learn the skills, and you can start right away.
Before you launch the fire protection equipment business, it is advisable to carry out significant tasks such as market research, cost analysis, feasibility studies, competitive analysis to know whether your equipment will be purchased by the customers or not.
In 2016, the estimates of the global fire safety equipment market were made at US$ 27.04 billion, and it has been growing at 8.5% during the said period.
List of fire protection equipment that you can start manufacturing
Following is the primary purpose of this post – a list of equipment that you can consider manufacturing at your place.
You can manufacture a range of equipment for fire protection and fire fighting such as monitors, alarms, SIL elements, deluge valves, and so on. These products need to be manufactured for harsh environments, including factories and industries. You won’t always be catering to banks and schools; you could be supplying to places where harsh working conditions exist. For instance, you could be supplying to the petrochemical or a power industry in the Middle East countries, and your fire protection equipment needs to be extremely robust.
Firefighting Monitors –
These monitors are in use in heavy-duty industries and have solid control systems. Several fixed monitors are available for fire suppression systems. These products need to be manufactured with utmost care and attention as they have to withstand severe weather and environmental conditions. The product lifetime should certainly be remarkable and must be easy to maintain. These monitors could be operated manually or through remote control systems, depending upon the customer’s requirements. It depends on the hydraulic or electric workstations where the monitors will be used.
Fire Hose, Cabinets, and Valves –
The hose systems and standpipes provide water to the building manually during the fire outbreak. These are not substitutes for automatic extinguishing systems; please note that. These are operated manually and by one person and use water sparingly.
Standpipes are available in three types – Class I, Class II, and Class III systems, and there is a whole lot of technicality involved in them.
Portable Fire Extinguishers –
No one can ever forget the fire extinguishers. We notice them daily, and it is purchased by house owners and business owners of all small and big-sized businesses. However, note that they do not know the technicalities of this equipment, and hence, you should be the one explaining to them the type of fire extinguisher they should use.
There are five classes of fires, and certain fire extinguishers are designed to combat particular types of fires. Let us go through the types of fire extinguishers.
- Dry powder fire extinguishers.
- Cartridge operated dry chemical fire extinguishers.
- Dry chemical fire extinguishers.
- Water mist fire extinguishers.
- Clean agent fire extinguishers.
- Carbon dioxide fire extinguishers.
- Wet chemical fire extinguishers.
- Water and foam fire extinguishers.
Pre-engineered Fire Suppression Systems –
When a fire breaks out, the initial minutes are crucial and need immediate action. At this point, the pre-engineered fire suppression systems come to your rescue. These systems detect fire breakouts quite early and provide an immediate response to the situation. They are safe and do not require complex procedures to use. They are well-tested to extinguish certain kinds of fires in hazardous situations. It reduces the fuel source automatically.
Restaurants, hospitals, institutions, nursing homes, educational institutions, auto dealerships, and auto repair facilities are the places where these systems are highly recommended.
The two types of pre-engineered fire suppression systems are:
- Dry chemical systems – As these systems use dry chemical compounds to beat fire effectively, they are a perfect alternative to water and are easy to maintain in industries.
- Wet chemical systems – It is an excellent system to manage and fight cooking fires and provides quick reactions.
To wrap it up, manufacturing and selling fire protection equipment is no doubt profitable but requires a high degree of skill and knowledge. We suggest you explore and learn more about this equipment before you get into the business.