Alarm Detector Market Growing Massively by 2021-2027 Focusing on Top Players

Alarm are essential to the early detection of fire in the residential, commercial, and industrial sectors around the world. In fires, smoke and toxic gases tend to spread farther and farther away from heat, resulting in death from inhaling smoke and toxic gases. The growth of the commercial and IT sector to protect high value assets such as data centers, production facilities, power stations, buildings and IT infrastructure is attracting the need for fire safety equipment.

These alarms can be activated automatically on heat and smoke detectors and can also be operated manually by fire alarm, smoke alarm devices such as pull stations or loudspeakers. The installation of fire alarms is mandatory for various types of commercial, residential and industrial industries as part of safety guidelines in many countries.

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Drivers:

Rising initiatives taken by various fire departments to create awareness regarding safety is expected to drive growth of the global alarm detector market. For instance, in October 2019, Melrose Dominos, NFPA (National Fire Protection Association), and Stoneham Fire Department partnered to create awareness regarding the need for fire protection devices and promote safety.

Moreover, increased expenditure on fire protection, especially for consumers in emerging economies and lower prices for smoke protection solutions, increased fire-related expenditure by various businesses, loss of property, rapid development of smoke detection technology is expected to propel growth of the global alarm detector market.

Restraints:

High cost of installing traditional equipment with smoke detectors, and the difficulty of disposing of smoke detectors are expected to hinder growth of the global alarm detector market.

Regional Analysis:

North America is expected to witness significant growth in the alarm detector market. This is owing to the implementation of stricter laws and regulations and growing infrastructure. Moreover, North America also hosts major fire alarms and manufacturers such as Honeywell International Inc., Fike Corporation, and Gentex Corporation.

Asia Pacific is also expected to witness rapid growth during the forecast period. The region is expected to emerge with significant opportunities due to the production of high-quality fire detection products. The growth of the region is also driven by industrial activity and rapid urbanization in emerging economies such as China, Japan, and India. Therefore, the continued increase in housing and commercial activities in the region is expected to drive the market.

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Competitive Landscape:

The key market players of the global alarm detector market include Ceasefire Industries Pvt. Ltd, Hochiki Corporation, Honeywell International, Johnson Control, Nest labs, Protec Fire Detection Plc, Robert Bosch, SECOM CO., LTD, Schneider Electric, Siemens AG, and United Technologies Corporation.

Key developments:

April 2019 - Siemens Smart Infrastructure launched new ceiling and wall-mounted alarm devices. The portfolio includes both acoustic and optical alarm devices in accordance with European Standards EN 54-3 / EN 54-23 and EN 54-17. These products address evolving market developments for close integration of voice alarms with fire protection systems.

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