Press release
Fire Alarm Equipment (FAS) Market is Expected to Grow at a CAGR of over 9.23% | During 2022-2028 | Vantage Market Research
According to Vantage market research the global Fire Alarm Equipment (FAS) market was valued at USD 54.23 Billion in 2020 and is projected to reach USD 88.51 Billion by 2028, growing at a CAGR of 9.23% from 2021 to 2028.
Key Findings and Insights from the report:
• The report presents the estimated CAGR of 9.23% size of the Fire Alarm Equipment (FAS) Market at the end of the forecast period.
• The Global Fire Alarm Equipment (FAS) market is predicted to reach a value of USD 88.51 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.
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Fire alarm system (FAS) - addressable system, designed for timely fire detection and creation of control signals for automatic fire extinguishing systems, alerting, smoke ventilation, exit signs, etc. The report has been prepared using the latest methods and tools for primary and secondary research. Our analysts rely on government documents, white papers, press releases, reliable investor information, financial and quarterly reports, and public and private interviews to gather data and information about the market in which they operate.
Market Segmentation:
By Type:
• Annunciators
• Notification Devices
• Manual Pull Stations
By Application:
• Commercial Region
• Industrial Facilities
• Residential Buildings
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COVID-19 Impact Analysis of Fire Alarm Equipment (FAS) Market:
Various countries imposed strict lockdown measures during the initial stages of the pandemic due to the outbreak of COVID-19. Many companies from different verticals faced challenges due to remote working environment. As a result, companies from different sectors switched to online/virtual platforms to maintain a steady flow in their daily business activities. The impact of COVID-19 on market demand is considered while estimating the current and forecast market size and growth trends for all regions and countries.
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The Fire Alarm Equipment (FAS) market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
List of Leading Players in the Global Fire Alarm Equipment (FAS) Market:
• Honeywell
• FALCON
• UTC
• Panasonic
• Bosch Security Systems
• Siemens
• Ampac
• Johnson Controls
• Nomi
• Demco Industries
• Hongchang
• Halma
• Gentex
• Chungmei
• Gielle Industries
• Kentec Electronics Ltd
• Hochiki
• Mircom Technologies
• C-TEC
• Nittan
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Reason for buying this Fire Alarm Equipment (FAS) Market Report:
• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Fire Alarm Equipment (FAS) market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Fire Alarm Equipment (FAS) market and provides possible solutions to those problems.
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