According to IMARC Group’s latest report, titled “Fire Alarm and Detection System Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027.’ the global fire alarm and detection system market reached a value of US$ XX Billion in 2021. A fire alarm and detection system is installed to activate the alarm in case of a gas leak or fire. It comprises a printed circuit board, an electronic alarm, a sensing chamber, and a polystyrene plastic casing. The system senses smoke or fire and sounds a warning alarm for the occupants while alerting the monitoring station to initiate the evacuation procedure. As a result, it is widely used in residential and commercial complexes.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report
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The market is primarily driven by the increasing risks of fatal fire accidents. Fire alarm and detection systems are used to monitor the building and surrounding areas for fire outbreaks. In addition, the rising product deployment in the education sector to detect smoke in restrooms and fire in laboratories to ensure the safety of children and staff is contributing to the market growth. Furthermore, other factors such as the construction of smart buildings and the implementation of numerous government initiatives to promote fire security are expected to fuel the market growth in the upcoming years. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027.
Competitive Landscape:
- Carrier Global Corporation
- Channel Safety Systems Limited
- Eaton Corporation PLC
- Fike Corporation
- Haes Technologies Ltd
- Halma PLC
- Hochiki Corporation
- Honeywell International Inc
- Napco Security Technologies Inc.
- Nittan Co. Ltd
- Secom Co. Ltd.
- NSC Sicherheitstechnik GmbH
- Siemens AG.
Breakup by Product Type:
- Fire Alarm
- Audible Alarms
- Visual Alarms
- Manual Call-points
- Detectors
- Flame Detectors
- Smoke Detectors
- Heat Detectors
- Addressable
- Conventional
- Hardware
- Control Panels
- Sensors and Initiating Components
- Notification and Audio Components
- Others
- Software
- Wired
- Wireless
- Commercial
- Residential
- Industrial
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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