Fire Detection Equipment Market In-Depth Analysis, Demand Overview, Growth Insights, Trends And Forecast To 2032 || Johnson Controls, Honeywell International, United Technologies
As per the fire detection equipment market report by The Business Research Company, the stringent government regulations and mandates on fire detection measures contribute to the fire detection equipment market's 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 global fire detection equipment market size will grow from $7.82 billion in 2022 to $8.71 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The global fire detection equipmen market size is expected to grow to $13.12 billion in 2027 at a CAGR of 10.8%.
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Major competitors in the fire detection equipment market are Johnson Controls, Honeywell International, United Technologies, Siemens, Halma, Gentex, Robert Bosch, Hochiki, Securiton AG, Encore Fire Protection, Sterling Safety Systems, Fire Suppression Limited, Schrack Seconet AG, Napco security technologies.
The fire detection equipment market is segmented -
• By Product Type: Flame Detectors, Smoke Detectors, Heat Detector
• By Connectivity: Wired, Wireless
• By End-Use Industry: Banking, Financial Services and Insurance (BFSI), Hospitality &Travel, Healthcare, Transportation & Logistics, Manufacturing, Retail, Mining, Oil and Gas, Other End-User Industries
• 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 equipment market.
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The fire detection equipment market consists of sales of equipment used for fire detection and warning people when the presence of fire is detected. This equipment does not intervene in the fire suppression. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.
The Table Of Content For The Fire Detection Equipment Market Include:
1. Executive Summary
2. Fire Detection Equipment Market Characteristics
3. Fire Detection Equipment Market Trends And Strategies
4. Fire Detection Equipment Market - Macro Economic Scenario
5. Fire Detection Equipment Market Size And Growth
6. Fire Detection Equipment Market Segmentation
27. Fire Detection Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fire Detection Equipment Market
29. Fire Detection Equipment Market Future Outlook And Potential Analysis
The "Global Fire Detection Equipment Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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