Wireless Fire Detection System Market Key Players by 2024 Electro Detectors Ltd., Siemens AG, EMS Wireless Fire and Security Ltd., EuroFyre Ltd

With the development of smart cities across numerous countries complemented with a robust regulatory framework in place, the commercialization prospects of wireless fire detection system market appear to soar new heights in the near future. In fact, as per a research report by Global Market Insights, Inc., the overall remuneration portfolio of wireless fire detection system market is estimated to exceed USD 500 million by the year 2024.

Owing to the rapid adoption of smart technologies such as IoT and Big Data, wireless fire detection system market share has witnessed a remarkable uptick of late. The convergence of integrated solutions coupled with a marked increase in the deployment of advanced fire detection systems would further augment product demand. Apparently, the new-age systems offer enhanced aesthetics by eliminating the need for drilling holes and cabling requirements, prevent the utilization of asbestos, and provide ease-of-installation. Subject to this, technology providers have focused on developing advanced fire detection technologies so as to ensure security and safety in new construction projects, that would consequentially aid wireless fire detection system industry.

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Elaborating further, it has been observed that periodic revision and streamlining of fire safety standards is a crucial factor to have influenced the overall wireless fire detection system market trends. Moreover, numerous developing nations have been concentrating on constructing smart cities to sustain and reenergize their economies. Apparently, the seamless functioning of these smart cities would require stringent enforcement of enhanced fire safety codes.

In accordance with the same, it is rather imperative to state that regulatory agencies have a vital role to play in such a scenario. Enumerated below are a few major instances of government agencies which have prescribed forward looking and advanced guidelines that are quite significant for the global wireless fire detection system industry.

Meanwhile, it would be prudent to mention that the wireless fire detection industry share, which can be termed as being in the nascent stage, has been marred with a few obstacles in the recent times. Subject to various vulnerabilities of wireless infrastructure and the high cost of fire detection systems, the end user segment appears rather apprehensive with regards to adopting these systems on a wide scale.

However, owing to the incorporation of cutting-edge technologies in these systems, numerous household safety device manufacturers have been unveiling convenient and smarter consumer products in wireless fire detection market. For instance, Samsung has recently teamed up with Vodafone to provide a range of smart home products with a special focus on security devices including multipurpose sensors, home alarm assistant, and security cameras. Reportedly, the users would receive alerts on their mobile phones in the event of fire at their home. Needless to mention, the launch of such innovative solutions would undeniably propel the wireless fire detection system market size.

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Partial Chapter of the Table of Content

Chapter 3. Wireless Fire Detection System Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 – 2024

3.2.1. Fire protection industry landscape, 2013 – 2024

3.2.1.1. Fire detection

3.2.1.2. Fire suppression

3.2.1.3. Fire analysis

3.2.1.4. Fire response

3.3. Industry ecosystem analysis

3.3.1. Raw material suppliers

3.3.2. Product/system manufacturers

3.3.3. Sales channel

3.3.3.1. Distributors

3.3.3.2. Electrical contractors/specialist fire system installers

3.3.3.3. System integrators

3.3.3.4. Value added resellers (VARs)

3.3.4. Vendor matrix

3.4. Technology landscape

3.4.1. Technology architecture

3.4.2. Key technologies

3.4.2.1. Mesh technology

3.4.2.2. Frequency Hopping Spread Spectrum (FHSS)

3.4.2.3. Internet of Things (IoT)

3.4.2.4. Big Data

3.4.2.5. Analytics

3.5. Price trend analysis, 2013 – 2024

3.5.1. Product

3.5.1.1. Smoke detector

3.5.1.2. Heat detector

3.5.1.3. Gas detector

3.5.1.4. Multi-sensor detector

3.5.2. Regional

3.5.2.1. North America

3.5.2.2. Europe

3.5.2.3. Asia Pacific

3.5.2.4. Latin America

3.5.2.5. Middle East and Africa

3.5.3. Application

3.5.3.1. Residential

3.5.3.2. Industrial

3.5.3.3. Commercial

3.6. Regulatory landscape

3.6.1. NFPA 72 – Chapter 23

3.6.2. EN54 Part 25

3.6.3. ETSI 300:220

3.6.4. Others

3.7. Industry impact forces

3.7.1. Growth drivers

3.7.1.1. Rising demand across residential applications in the U.S.

3.7.1.2. Stringent government regulations & standards in Western Europe

3.7.1.3. Economic expansion in Southeast Asia

3.7.1.4. Propagation of integrated IoT solutions in Brazil

3.7.1.5. Rise in commercial construction across the Middle East

3.7.2. Industry pitfalls and challenges

3.7.2.1. High cost of devices

3.7.2.2. Low reliability perception

3.8. Growth potential analysis

3.8.1. Wireless fire detection system market, by application

3.8.2. Commercial wireless fire detection system market, by type

3.9. Porter’s analysis

3.9.1. Threat of new entrants

3.9.2. Buyer’s power

3.9.3. Threat of substitutes

3.9.4. Threat of suppliers

3.9.5. Industry rivalry

3.10. Company market share analysis, 2017

3.11. PESTEL analysis

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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