Press release
Fire Alarm and Detection Market is Anticipated to Witness a CAGR of 6.1% during the forecast period, 2022-2029 | Size, Share & Report Forecast
Fire Alarm and Detection Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/fire-alarm-and-detection-market/
The factors driving growth of the Fire Alarm and Detection Market includes rise in the number of constructions related projects around the world, emergence of work-from-home models, increasing deployment of fire detectors at educational institutes, development of wireless and remote function fire detection and alarm systems and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, increasing awareness amongst residents about the benefits of fire detection systems, rise in Government's expenditure on infrastructure projects and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, rise in the launch of innovative products, strategic collaborations and partnerships between companies and growing population growth rates, are further contributing towards the Fire Alarm and Detection Market size.
However, growth of the Fire Alarm and Detection Market is hindered due to lack of standard guidelines for installing safety devices.
The major players operating in the market are Halma Plc, Gentex Corporation, Robert Bosch GmbH, Johnson Controls International Plc, Honeywell International Inc., Napco Security Technologies, Inc., Nittan Company, Limited, Hochiki Corporation, Space Age Electronics and Eaton Corporation Plc, among other companies.
Based on Component, the Fire Detectors segment is predicted to grow at a significant CAGR during the forecast period
As per the Global Fire Alarm and Detection Market Analysis, smart fire detectors are used to detect gas leak, smoke, heat, and fire, and can be controlled through smartphones, are some of the factors pushing growth of the segment.
Based on Detector Type, the Heat Detectors segment is projected to expand at a remarkable CAGR over the forecast period
Increasing deployment of heat detectors at warehouses, auditoriums, hospitals, and garages owing to rising incidences of fire, is pushing segment's growth.
Based on Region, the Asia-Pacific region is anticipated to capture the largest market share during the forecast period
Strict regulations imposed by Government regarding the safety of buildings, rapid growth in the construction industry across India, China and South Korea, technological advancements in fire alarm equipment and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.
Key Developments
In 2020, Napco Security Technologies, Inc. developed iSecure Complete Cellular Alarm Systems. The iSecure alarm system is a professional-grade security system, that offers remote Smart App & notification alerts. Additionally, it provides the choice of wireless keypad, security touchscreen, connected home touchscreen, and includes two wireless window/door sensors and wireless PIR.
In 2020, Halma Plc completed the acquisition of 70 per cent shares of FireMate Software Pty. Ltd., an Australian company that provides cloud-based fire protection maintenance software to fire contractors.
Market Segmentation
Segmentation by Component
Fire Alarms
Fire Detectors
Segmentation by Fire Alarm Type
Audible Alarms
Visual Alarms
Manual Call-points
Segmentation by Fire Detector Type
Flame Detectors
Smoke Detectors
Heat Detectors
Segmentation by Application
Commercial
Industrial
Residential
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland
GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.
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 Alarm and Detection Market is Anticipated to Witness a CAGR of 6.1% during the forecast period, 2022-2029 | Size, Share & Report Forecast here
News-ID: 2953284 • Views: …
More Releases from GMI Research
OLED Market is projected to rise at a higher CAGR during the forecast period | S …
The OLED Market is anticipated to expand at a remarkable CAGR during the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/global-oled-market/
The factors driving growth of the OLED Market includes increasing penetration of smartphones and gaming consoles around the world, Government policies supporting OLED lighting research, growing popularity of smart Televisions and improvements in the living standards. For instance, the revenue generated from the sales of video game consoles…
3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period | …
The 3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-3d-printed-drugs-market-by-technique-type/
The factors driving growth of the 3D Printed Drugs Market includes increasing geriatric population around the world, growing demand for soluble drugs, rising prevalence of stroke, Alzheimer's disease and head and neck tumors and improvements in the living standards. For instance, the population aged 60 and…
Virtual Private Cloud Market is expected to grow at a higher CAGR of 23.4% over …
The Virtual Private Cloud Market is projected to grow at a CAGR of 23.4% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-virtual-private-cloud-market/
The factors driving growth of the Virtual Private Cloud Market includes huge volumes of data generated across BSFI, Healthcare and Media & Entertainment industries, rising focus by companies on modernizing IT infrastructure, Government initiatives promoting digitalization, increasing number of data breaches reported around the…
Pest Control Services Market is poised to grow at a robust CAGR during the forec …
The Pest Control Services Market is estimated to grow at a robust CAGR over the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/pest-control-services-market/
The factors driving growth of market includes increasing demand for pest control services from hospitality, pharmaceutical, and food processing industries, growing focus on using biocides, rising concerns related to climate change, and improvements in the living standards. For instance, the market value of biocides worldwide was…
More Releases for Alarm
Global Commercial Smoke Alarm Market Size by Application, Type, and Geography: F …
According to Market Research Intellect, the global Commercial Smoke Alarm market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The market for commercial smoke alarms is steadily expanding due to rising awareness of fire safety laws and…
Fire Detection Alarm System Market
Fire Detection Alarm System Market Overview
Fire detection alarm systems typically consist of several components, including smoke detectors, heat detectors, flame detectors, control panels, audible and visual alarms, and sometimes connected to emergency response services. When the system detects smoke, heat, or flames, it activates the alarm, alerting occupants and relevant authorities to the potential fire hazard.
This report provides a deep insight into the global Fire Detection Alarm System market covering…
Growing Cases Of Alarm Fatigue Drives The Clinical Alarm Management Market: A Si …
The Clinical Alarm Management Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Clinical Alarm Management Market Size and Projected Growth Rate?
There has been significant growth in the clinical alarm management market in the past few years. The market, currently valued at $2.83…
Global Carbon Monoxide Alarm Market Size by Application, Type, and Geography: Fo …
USA, New Jersey- According to Market Research Intellect, the global Carbon Monoxide Alarm market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The Carbon Monoxide Alarm Market is experiencing substantial growth, driven by the rising awareness of the dangers associated with carbon monoxide (CO) exposure. Increasing…
Growing Cases Of Alarm Fatigue Drives The Clinical Alarm Management Market Drive …
What market dynamics are playing a key role in accelerating the growth of the clinical alarm management market?
The expansion of the clinical alarm management market is likely to be fueled by the escalating instances of alarm fatigue. Alarm fatigue is a term that describes the sensory overstimulation that healthcare providers experience due to excessive alarm alerts, which can lead to overlooked alarms and delayed reactions. Alarm fatigue has been linked…
Sarasota Security Alarm Corporation: A Trustworthy Sarasota, FL Security Alarm C …
Sarasota Security Alarm Corporation offers extensive security services and is a leader in providing advanced security systems in Sarasota, FL. The company has always been dedicated to protecting both residential and business properties.
Sarasota, FL - Founded on the principles of reliability, innovation, and customer satisfaction, Sarasota Security Alarm Corporation offers a wide array of security solutions tailored to meet the diverse needs of its clients. Security Alarm Company Sarasota…
