Industry Overview - China is one of the largest fire equipment markets globally, experiencing rapid growth due to economic development, urbanization, and increased government investment in fire safety [1][18] - The market size of China's fire equipment industry is projected to reach approximately 37.57 billion yuan in 2024, with expectations for continued stable growth driven by enhanced safety regulations and technological advancements [1][18] Market Dynamics - The fire equipment industry is witnessing a surge in demand as the number of reported fire incidents increases, with 908,000 cases reported in 2024, leading to direct property losses of 7.74 billion yuan [15] - The global fire equipment market is expected to grow from 11 billion USD in 2020 to 24 billion USD by 2025, with a compound annual growth rate (CAGR) of 16.89% [17] Key Companies - Notable listed companies in the fire equipment sector include Qingniao Fire (002960), Wuhan Ligong Optical Science (300557), and Shanghai Qingpu Fire (08115), among others [1] - Qingniao Fire reported a revenue of 4.636 billion yuan in 2024, with a slight decline of 1.53% year-on-year, while its fire safety service revenue increased by 15.67% [25] Industry Development Trends - The industry is moving towards smart and multifunctional fire equipment, emphasizing real-time monitoring and automatic fire suppression capabilities [29] - There is a growing need for specialized and customized fire safety solutions tailored to different industries and environments [30] - Increased government focus on fire safety is expected to lead to more regulations and standards, promoting a more organized and competitive market [32] Material Supply and Production - Aluminum alloy is a key material in fire equipment manufacturing, with China's production expected to grow from 7.922 million tons in 2017 to 16.141 million tons by 2024, reflecting a CAGR of 10.7% [13] - The upstream supply chain for fire equipment includes raw materials and core components such as steel, aluminum alloys, and fire extinguishing agents, which are in a state of healthy competition [11] Market Structure - The fire equipment industry in China is characterized by low market concentration and fragmented competition, with many small to medium-sized enterprises lacking core technological advantages [23] - Leading companies are focusing on R&D to enhance product value and are strategically positioning themselves in the mid to high-end market segments [23]

Core Viewpoint - The innovative basalt fiber fabric developed by Wuhan Textile University demonstrates exceptional fire resistance, capable of withstanding temperatures above 1200℃ without damage, making it suitable for various protective applications [1][10][19]. Group 1: Material Properties - The basalt fiber fabric can be used in extreme temperature environments ranging from -260℃ to 700℃ and can resist short-term high temperatures exceeding 1000℃ [1]. - Traditional fire-resistant materials, such as aramid, fail under similar conditions, while the new basalt fiber fabric remains intact after exposure to 1200℃ flames for 10 seconds [10][14]. - The fabric is made from basalt fibers, which are natural fire-resistant materials that also exhibit resistance to acid, alkali, and radiation [13]. Group 2: Technological Advancements - The "core-spinning" technology developed by the research team allows for the wrapping of soft yarn around the brittle basalt fibers, enhancing comfort and usability while maintaining protective qualities [6][19]. - The diameter of the basalt fibers has been reduced to just 5 micrometers, with lengths reaching up to 100,000 meters, facilitating easier processing and application [19]. Group 3: Applications and Market Potential - The basalt fiber fabric is already being utilized in the production of fire-resistant clothing, bags, ropes, and blankets, with successful trials conducted in various provincial fire departments [18][19]. - Collaborations with sports brands like Anta are underway to develop consumer products made from basalt fiber, indicating a potential expansion into the retail market [18]. - Future applications may include the development of aerospace suits and construction materials for lunar exploration, leveraging the similarities between lunar regolith and basalt structures [18].