Fire Alarm And Detection Market Is Expected To Reach A Value Of US$ 53.15 Bn By 2032
Increasing demand for developed fire safety systems in mining, automotive, petrochemical, oil & gas exploration, and power & utility sector is expected to offer significant opportunities for expansion during the forecast period.
Download FREE Sample Copy of This Report:
Rising deployment of fire alarm and detection systems across educational institutes and increasing awareness about its benefits among residents for fire detection systems are key factors propelling market expansion during the forecast period. Furthermore, ongoing technological developments in fire detection and alarming devices is expected to boost the industry's growth in the coming time.
In addition, the advancement of wireless and remote function fire detection and alarm systems are anticipated to offer significant opportunities for expansion in the evaluation time.
The outbreak of COVID-19 ushered in a change in the demand and consumption pattern of fire alarm and detection systems. With increasing hospitalization rates and shift towards remote working, the need for residential and healthcare setting oriented fire safety protocols have increased, leading to growing sales of fire alarm and detection systems across these domains.
Report Attributes Details
Base Year Value (2021A) USD 28 Bn
Estimated Year Value (2022E) USD 29.68 Bn
Projected Year Value (2032F) USD 53.15 Bn
Global Growth Rate (2022-2032) CAGR 6%
• Europe to expand at a CAGR of 7.4% from 2022 to 2032.
• APAC to garner about 45% of the revenue share during the forecast period.
• Based on product type, the fire detectors product segment is anticipated to account for the highest revenue share of more than 50%.
• The fire alarms segment is projected to record the fastest CAGR of 7.3% from 2022 to 2032.
• Based on application, the commercial segment to secure the highest revenue share of about 44% in 2022 and is likely to maintain its position during the forecast period.
• Increasing demand for electrical fire safety, cooking fire safety, and heater fire safety is expected to grow the market significantly during the forecast period.
• Campaigns carried out by several public safety authorities to increase awareness about the fire alarm and detection will benefit the market notably in the forthcoming period.
• Growing importance of the equipment among the commercial and residential sector is anticipated to offer significant thrust to market expansion.
• The initial high costs associated with industrial fire alarm systems to hamper the market growth.
• Concerns associated with false alarms and detection failure to inhibit the market expansion during the forecast period.
To learn more about Fire Alarm and Detection Market, you can get in touch with our Analyst at
The key players of the global fire alarm and detection market adopt various strategies to enhance their global reach. Partnerships, acquisitions, and collaborations are some of the most adopted methods to secure the forefront position in the market. Some of the recent developments among the key players are:
• In August 2021, ProPharma group acquired iSafety Systems. iSafety is an Indian pharmacovigilance service provider.
• In July 2021, ICON plc acquired a CRO, called PRA Health Sciences. The objective of the acquisition was to increase the services portfolio of ICON plc.
• In October 2020, Honeywell rolled out its first tools from its new suite of Connected Life Safety Services (CLSS), which is its first all-in-one cloud platform for fire safety systems.
Key Companies Profiled by Fact.MR
• Halma Plc.
• United Technologies Corp.
• Eaton Corporation
• Honeywell International Inc.
• Napco Security Technologies Inc.
• Nittan Co. Ltd.
• Johnson Controls International Plc.
• Siemens AG
• Robert Bosch GmbH
More Valuable Insights on the Fire Alarm and Detection Market
Fact.MR, in its report, offers a market analysis of the global fire alarm and detection market analysing the forecast period through 2022 and beyond. This survey reveals the growth of technology in the fire alarm and detection market with detailed segmentation as follows: -
• By Product
o Fire Detectors
o Fire Alarms
• By Type
o Smoke Detectors
o Flame Detectors
o Heat Detectors
• By Fire Alarms Type
o Visual Alarms
o Audible Alarms
o Manual Call-points
• By Application
o Industrial Fire Alarm and Detection Systems
o Residential Fire Alarm and Detection Systems
o Commercial Fire Alarm and Detection Systems
Get Full Access of Complete Report:
Key Questions covered in the Global Fire Alarm and Detection Market Report
• What is the global fire alarm and detection market scenario?
• How far is the global demand expected to reach over the forecasted period?
• What was the last 5-year CAGR for the demand in the demand in the global fire alarm and detection market?
• Who are the prominent players in the global fire alarm and detection market?
• Which is the leading region in the global fire alarm and detection market?
US Sales Office :
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
This release was published on openPR.
Permanent link to this press release:
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 Alarm And Detection Market Is Expected To Reach A Value Of US$ 53.15 Bn By 2032 here
News-ID: 2842058 • Views: 472
More Releases from Fact.MR
UV Booster Utilization Is Anticipated To Grow At A CAGR Of 5.1% By 2033
The global market for UV boosters is predicted to reach US$ 121.5 million in 2023 by the latest analysis from Fact.MR, and it is anticipated to expand at a CAGR of 5.1% from 2022 to 2033. In order to lower their chance of being exposed to dangerous UV rays, consumers around the world are demanding cosmetic products with high SPF. UV boosters, commonly referred to as SPF boosters, have gained popularity
Teeth Whitening Strip Sales Are Projected To Reach US$ 212 Million By 2032
The expected CAGR for the global consumption of teeth-whitening strips is 9.8% from 2022 to 2032. The market for teeth whitening strips is presently valued at US$ 83.7 million, and by the end of 2032, it is expected to have grown to US$ 212 million. Global demand for dental hygiene products has grown as a result of growing urbanisation and an increased emphasis on personal care. Teeth whitening products are quite
Sales of Dairy Enzymes Is Slated to Expand at Around 8% CAGR by 2033
The global market for dairy enzymes is poised to witness strong growth until 2033, expanding more than 2x. As of 2023, the market is anticipated to be valued at approximately US$ 700 Mn. Applications for cheese production is slated to emerge dominant, resulting in sales worth US$ 150 Mn in the previous year and expanding at a CAGR of 7% until 2033. Increasing prevalence of diseases across the globe is generating
Demand for Trade Finance Is Expected to Expand at A CAGR of 4.5% By 2033
Trading intermediates, such as banks and other financial organisations, support various transactions between buyers and sellers in trade finance, which is the financing of domestic and international trade flows. The risk associated with both local and international trade financing is reduced through trade finance. One of the reasons why global trade has grown so significantly over time is trade finance. With thorough market research, companies may realise their full potential. Businesses
More Releases for Alarm
Intrusion Alarm System Uses SMS Notifications
Autonomous Alarming with an Infinite Data Logger An electrician had a client in France who owned a house in a remote location. His house had been broken into three times that year and so the electrician was asked to install a GSM alarm with no outside or internal sounder, due to the fact that the last alarm system had recently been taken off the wall during the night. Since the house
Burglar Alarm Systems Market Report 2018: Segmentation by Product (Wireless Alar …
Global Burglar Alarm Systems market research report provides company profile for Focus, Paradox, Karassn, Innopro, Shike, Honeywell, Bosch, Tyco, HORN 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, and CAGR for the year 2018 to 2025, etc. The report also provides detailed
Clinical Alarm Management Market Report 2018: Segmentation by Product (Clinical …
Global Clinical Alarm Management market research report provides company profile for Connexall, Mindray Medical International, Vocera, Drager, Spok, Medtronic, GE, Koninklijke Philips, Baxter 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, and CAGR for the year 2018 to 2025, etc. The report
Alarm Monitoring Market Research 2018-2025: Global Industry Analysis by Demand a …
This report studies the Global Alarm Monitoring Market, analyzes and researches the Alarm Monitoring development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like • ADT • Moni • Honeywell • Securitas • UTC (Chubb) • Schneider • Johnson Controls • Vivint • Vector Security • Bosch • Comcast • Slomin's • G4s • Sector Alarm • Prosegur • ABB • Engineered Protection Systems • Stanley Security • Trigion • AT&T Buy PDF version of this research report @ http://www.researchformarkets.com/buy-now/global-alarm-monitoring-market-42075/one Market segment by Regions/Countries, this report covers • United States • EU • Japan • China • India • Southeast Asia Market segment by Type, the product can be
Global Personal Alarm Market Analysis in 2025
The Global Personal Alarm Market report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Personal Alarm in these regions, from 2013 to 2025 (forecast), covering North America Europe China Japan Southeast Asia India Browse complete report at https://www.researchtrades.com/report/global-personal-alarm-market-research-report-2018/1432066 Global Personal Alarm market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including SABRE Mace Security International Streetwise Security JNE Security Nano Banshee VitalCall Vigilant Doberman Security GE On the
Global Gas Alarm Sales Market Report 2017
This research report gives an account of the global Gas Alarm market manages all its basic points of interest with the assistance of an inside and out and shrewd examination. The market is clarified in a comprehensive way and thus permits the report to show an entire examination of the market as concocted utilizing the elements that are required to have a quantifiable effect on its improvement. Despite the fact that