Fire Detection Equipment Global Market Report 2021: COVID-19 Impact And Recovery To 2030
According to The Business Research Company's Fire Detection Equipmentmarket report, the global fire detection equipment market reached a value of nearly $19,632.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 2.64% since 2015. The market is expected to grow from $19,632.6 million in 2020 to $26,571.3 million in 2025 at a rate of 6.24%. The fire detection equipment market is then expected to grow at a CAGR of 6.23% from 2025 and reach $35,951.6 million in 2030.
Growth in infrastructure is expected to boost the market for fire detection equipment in the forecast period. Globally, construction activity is increasing owing to several factors such as growing population, economic growth, and rising industrial and commercial activity. Rising investments in renewable energy infrastructure are also contributing to the growth of the global construction market. Growth in construction activity will increase the demand for fire detection equipment.
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The Fire Detection Equipmentmarket is segmented -
By Type: The fire detection equipment market is segmented by product type into
a) Heat Detectors
b) Flame Detectors
c) Smoke Detectors
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Fire Detection Equipmentmarket.
Major competitors in the Fire Detection Equipmentmarket include · Siemens AG, Johson Controls, Carrier Global Corporation, Honeywell International, Robert Bosch
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The fire detection equipment market consists of sales of fire detection equipment and related services by entities (organizations, sole traders, and partnerships) that provide 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.
The Table Of Content For The Fire Detection EquipmentMarket Include:
1. Fire Detection EquipmentMarket Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction to the Fire Detection Equipment market
25. Key Mergers And Acquisitions In The Fire Detection EquipmentMarket
26. Market Background: Nursing Care
27. Fire Detection EquipmentMarket Opportunities And Strategies
28. Fire Detection EquipmentMarket, Conclusions And Recommendations
The Business Research Company's "Global Fire Detection EquipmentOpportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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