openPR Logo
Press release

Fire Detection Equipment Market 2021 Analysis by Global Manufacturers - Johnson Controls, Honeywell International, United Technologies

12-15-2021 12:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Insights Reports

The Global Fire Detection Equipment Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborating market outlook and status (2021-2030). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Fire Detection Equipment market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The global fire detection equipment market is expected to grow from $39.12 billion in 2020 to $41.87 billion in 2021 at a compound annual growth rate (CAGR) of 7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $59.75 billion in 2025 at a CAGR of 9%.

(Exclusive Offer: Flat 25% discount on this report)

Click the link to Get a Free Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/08103166893/fire-detection-equipment-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-eby-product-type-flame-detectors-smoke-detectors-heat-detectors-2-by-end-user-commercial-industrial-residential-transport-others-3-by-end-use-industry-banking-financial-services-and-insurance-bfsi-hospitality-travel-healthcare-transportation-logistics-manufacturing-retail-mining-oil-and-gas-others-covering-johnson-controls-honeywell-international-united-technologies-siemens-halma/inquiry?mode=69

Top Companies in the Global Fire Detection Equipment Market: Johnson Controls, Honeywell International, United Technologies, Siemens, Halma , Gentex , Robert Bosch, Hochiki , Securiton AG and Encore Fire Protection.

Recent Updates:

For instance, MSA Safety Incorporated, a U.S based company involved in the making sophisticated safety products launched an FL4000H multi-spectrum IR flame detector that uses multi-spectrum IR (Infrared) to detect the flames 210 feet away and also monitors false alarms. The device employs flame recognition technology to confirm fire by analyzing near IR radiation thus producing more effective, reliable results.

In June 2019, Halma acquired the Ampac Group for $135 million. Ampac Group is aan Australian based fire and evacuation systems supplier in the Australian and New Zealand markets. Through the acquisition, Halma aims to expand its current fire detection portfolio and to strengthen its marketits market hold on other geographies as well.

Market Overview:

The fire detection equipment market consists of sales of fire detection equipment used to warn people when the presence of fire is detected. Fire detection equipment reduces the damage caused by fire by generating warning signals (including audio or visual signals) in case of fire. Detection of fire is done by detecting the smoke, heat or flames. However, this equipment does not intervene in the fire suppression.

Stringent government regulations and mandates on fire detection measures contribute to the fire detection equipment markets growth. Globally, different government agencies have implemented various laws regarding the installation of fire safety equipment in organizations to ensure employees' safety. For instance, the U.S government in accordance with the 15 U.S. Code 2227 mandates the installation of fire safety systems with appropriate warning signals in federally assisted buildings. The increased need to ensure safety by the government agencies has increased the demand for the fire detection equipment market.

High installation and maintenance cost negatively impact the sales of fire detection equipment. The initial investment in installing a fire detection system include the cost of equipment, installation, and subscription of security monitoring services. Wireless fire detection systems may not give appropriate results if their batteries are left unchanged. Similarly, wired fire detection systems require a constant power supply. In addition to that, along with maintenance cost makes the use of fire detection systems an expensive affair. Thus, hampering the fire detection equipment markets growth.

Segmentation:

Markets Covered:
1)By Product Type: Flame Detectors; Smoke Detectors; Heat Detectors 2) By End-User: Commercial; Industrial; Residential; Transport; Others 3) By End-Use Industry: Banking, Financial Services and Insurance (BFSI); Hospitality &Travel; Healthcare; Transportation & Logistics; Manufacturing; Retail; Mining; Oil and Gas; Others

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Inquire for Discount:

https://www.marketinsightsreports.com/reports/08103166893/fire-detection-equipment-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-eby-product-type-flame-detectors-smoke-detectors-heat-detectors-2-by-end-user-commercial-industrial-residential-transport-others-3-by-end-use-industry-banking-financial-services-and-insurance-bfsi-hospitality-travel-healthcare-transportation-logistics-manufacturing-retail-mining-oil-and-gas-others-covering-johnson-controls-honeywell-international-united-technologies-siemens-halma/discount?mode=69

Key Reasons to Purchase:
 
- To gain insightful analyses of the market and have comprehensive understanding of the global Fire Detection Equipment market and its commercial landscape.
 
- Assess the production processes, major issues, and solutions to mitigate the development risk.
 
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
 
- Learn about the market strategies that are being adopted by leading respective organizations.
 
- To understand the future outlook and prospects for the Fire Detection Equipment market.

Purchase Full Report@:

https://www.marketinsightsreports.com/report/purchase/08103166893?mode=su?mode=69

We Also Offer Customization on reports based on specific client Requirements:

-Free country Level analysis for any 5 countries of your choice.

-Free Competitive analysis of any 5 key market players.

-Free 40 analyst hours to cover any other data point.

Please contact our sales professional (sales@marketinsightsreports.com), we will ensure you obtain the report which works for your needs.

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fire Detection Equipment Market 2021 Analysis by Global Manufacturers - Johnson Controls, Honeywell International, United Technologies here

News-ID: 2499746 • Views:

More Releases from Market Insights Reports

Cold Chain Monitoring Market May See a Big Move | BlueAir, Denso, Eureka Forbes, Honeywell
Cold Chain Monitoring Market May See a Big Move | BlueAir, Denso, Eureka Forbes, …
Market Insights Reports published a new research publication on "Cold Chain Monitoring Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Cold Chain Monitoring market was mainly driven by the increasing R&D spending across the world. Some of the key players
Outbound Logistics Market Next Big Thing | Major Giants- Draexlmaier, Faurecia, Grupo Antolin
Outbound Logistics Market Next Big Thing | Major Giants- Draexlmaier, Faurecia, …
Market Insights Reports published a new research publication on "Outbound Logistics Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Outbound Logistics market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled in
Veterinary Telemedicine Market May See a Big Move | Nestle, Deuerer, The J.M. Smucker
Veterinary Telemedicine Market May See a Big Move | Nestle, Deuerer, The J.M. Sm …
Market Insights Reports published a new research publication on "Veterinary Telemedicine Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Veterinary Telemedicine market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled in
Precision Planting Market is Set to Fly High in Years to Come
Precision Planting Market is Set to Fly High in Years to Come
Market Insights Reports published a new research publication on "Precision Planting Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Precision Planting market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled in

All 5 Releases


More Releases for Detection

Source Leak Detection
Water leaks are one of the most common problems faced by homeowners. Whether it's a leaking pipe, roof, or pool, if left unchecked, leaks can cause significant damage, increase water bills, and require costly repairs. Leak detection is an essential service that helps identify and repair leaks early, saving water and preventing long-term damage. At Source Leak Detection, we use advanced, non-invasive methods to quickly locate and fix leaks in
Latent TB Detection Market: Government Initiatives to Promote Tuberculosis Detec …
The growth of the market is attributed to the increasing prevalence of tuberculosis and government initiatives to promote tuberculosis detection. However, multidrug resistant tuberculosis (MDR-TB) is likely to hamper the growth of the Latent TB Detection market to a certain extent. The latent TB detection market is expected to reach US$ 1,684.86 million in 2027 from US$ 1,131.82 million in 2019. The market is estimated to grow with a CAGR of
Chemical Detection Technology Market Analysis 2019 Top Growing Companies: S.E.In …
Global Chemical Detection Technology Market Research Report 2019-2025 Chemical detection technology is used to detect chemical agents (CA), toxic industrial chemicals (TIC), and toxic industrial materials (TIM). Chemical detection technologies plays a vital important role in the monitoring of chemical plants and industries. The report provides a basic overview of the industry including definitions and classifications. The Chemical Detection Technology Market analysis is provided for the international markets including development tends,
X-ray security screening system market comprehensive Growth On Morpho Detection, …
MarketStudyReport.com offers 2017 report on global X-Ray Security Screening System market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024. X-ray security screening system market is expected to grow over the estimated timespan, owing to the increasing adoption at the border crossing points to ensure safety and security.
Financial Fraud Detection Software Market Report 2018: Segmentation by Type (Mon …
Global Financial Fraud Detection Software market research report provides company profile for Banker's Toolbox, Verafin, Cellent Finance Solutions, Safe Banking Systems, Truth Technologies, Gemalto NV, SEKUR.me, CipherCloud, SIGNIFYD Inc, Riskified Ltd, ACI Worldwide, EastNets and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate,
Explosive Trace Detection Market – Product advantages 2028 | Smiths Detection, …
Global Explosive Trace Detection Market: Overview The global explosive trace detection market is prognosticated to witness a surge in its growth due to the increase in terrorist activities across the world. One of the primary factors augmenting the demand in the global explosive trace detection market could be the growing need to improve security screening procedures. There are a number of government regulations implemented to bring a much needed change in