Transforming Compliance in Building Safety
The sector is shifting to proactive, tech-driven compliance, fueled by regulations, investments, and digital innovation.
Building Safety & Compliance Services
Market Analysis
The Fire & Life Safety sector demonstrates significant growth, with the global market projected to rise from USD 68.90 billion in 2024 to as much as USD 230.31 billion by 2037. The U.S. market is strong, valued at USD 25.94 billion in 2024 and expected to grow at a CAGR of 3.6–4.8%. Key drivers include stringent safety regulations, ongoing urbanization, and technological innovation, especially in building safety systems. Despite market maturity creating some growth constraints, evolving fire protection technologies and expanding residential developments continue to propel demand, maintaining North America’s dominant market position.
~
$
17
B
Market Value 2024 (U.S)
~
$
24.6
B
Market Value 2030 (U.S)
6.31
%
CAGR (U.S)
Key Market Drivers
Government Regulations and Stringent Building Codes
Increasing Investments in Construction Projects
Focus on Sustainable and Green Buildings
Market Inhibitors
Lack of Harmonization Between Regional and Local Codes
High Upfront Costs of Compliance Software and Training
Resistance to Adoption in Low-Regulated Markets
Our Insights
The Building Safety & Compliance Services sector is undergoing rapid evolution, making adaptability essential for sustained competitiveness. Business owners should prioritize aggressive investment in digital transformation—particularly AI, IoT, and cloud-based solutions—to address increasing regulatory complexity and rising client expectations for proactive risk management. Specializing in high-growth niches or offering seamless digital compliance platforms can create meaningful differentiation, while customer-centric models drive retention. M&A opportunities remain robust, but integration of new technologies and talent is critical to realize value. Cultivating technical expertise, agile processes, and robust data security will position firms as indispensable partners in an environment where compliance is both strategic and non-negotiable.
Key Players in The Industry
Bureau Veritas
Provides plan reviews, technical expertise, and certification, notably ICC-certified.
UL
Offers comprehensive building compliance and inspection services.
Intertek
Operates on an Assurance, Testing, Inspection, and Certification (ATIC) model, covering a vast array of building products and projects, from material testing to fire safety and environmental consulting.
Recent
M&A Activity
The Building Safety & Compliance Services sector within Industrials has seen significant M&A and investment activity over the past 12-24 months. Key trends include a rising volume of M&A deals, with private strategics leading the activity, indicating market consolidation and a drive for expanded capabilities. Acquisitions often aim for geographic expansion or deeper expertise in specific areas, such as transportation safety or specialized industries like Semiconductor and EV. There's a growing emphasis on integrating technology, including cloud-based software, to enhance service delivery and data management. The essential, non-discretionary nature of safety and compliance services makes companies in this sector attractive targets for investment. Furthermore, macroeconomic factors like reshoring and inflation are acting as tailwinds, suggesting continued high M&A activity into 2025.
Investment
June 2024
Safe T Professionals & Gallagher Bassett Services
Expand safety consulting services into high-growth industries.
Acquisition
November 11, 2024
U.S. Compliance acquired Hellman & Associates
Expand presence in Rocky Mountain region, accelerate growth.
Acquisition
November 12, 2024
Sterling Investment Partners acquired PROtect
Acquire a provider of non-discretionary safety, reliability, and compliance services.
