Press release
Wireless Fire Detection Systems Market Outlook Report 2024-2033 | Size, Trends, Analysis, Insights, Overview
Wireless Fire Detection Systems Market
The Business Research Company offers in-depth market insights through Wireless Fire Detection Systems Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The wireless fire detection systems market size has grown strongly in recent years. It will grow from $2.03 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to industry-specific applications, integration with smart technologies, safety and regulatory changes, cost efficiency and savings..
The wireless fire detection systems market size is expected to see strong growth in the next few years. It will grow to $2.93 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to industry-specific requirements, cost competitiveness, regulatory compliance, integration with iot and smart solutions, remote accessibility and monitoring.. Major trends in the forecast period include enhanced safety standards, cost efficiency, integration with smart buildings, ease of installation and maintenance, technology evolution..
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Market Segmentation:
The wireless fire detection systems market covered in this report is segmented -
1) By Product: Smoke Detector, Heat Detector, Gas Detector, Multi Sensor Detector
2) By Model: Fully wireless, Hybrid
3) By Installation Type: New installation, Retrofit
4) By Application: Indoor, Outdoor
5) By Vertical: Residential, Commercial, Government, Manufacturing
Major Driver - The Role Of The Booming Construction Industry In The Growth Of Wireless Fire Detection Systems Market
The increasing construction industry is expected to propel the growth of the wireless fire detection systems market going forward. The construction industry includes the building of roads and other service facilities as well as repair of buildings and other immovable structures that have become fundamental components of structures and are necessary for their use. The wireless fire detection systems are a part of a building that notify building occupants to take evasive action to escape the dangers of hostile fire. For instance, according to Oxford Economics, a UK-based provider of economic forecasting, and analysis, global construction grew by 6.6% in 2021, and further, it is expected to grow by 35% by 2030. Therefore, the increasing construction industry is driving the growth of the wireless fire detection systems market.
Competitive Landscape:
Major companies operating in the wireless fire detection systems market report are Siemens AG, Electro Detectors Ltd., EMS Wireless Fire and Security Ltd., Sterling Safety Systems, EuroFyre Ltd., Honeywell International Inc., Halma Plc., Detectomat Systems GmbH, Robert Bosch GmbH, Tyco International Plc., Hochiki Corporation, Zeta Alarms Ltd., Ceasefire Industries Pvt. Ltd., Johnson Controls, Napco Security Technologies Inc., Argus Security SRL, Apollo Fire Detectors Limited, Wagner Group GmbH, Sensirion GmbH, Nittan Fire & Security Ltd., Potter Electric Signal Co., Fire-Dex, Fire Systems Ltd., Advanced Fire Detection Systems Ltd., Allerton Fire Protection Ltd.,Fire Sprinkler Corporation, American Fire Sprinkler Company, Ansul Fire Systems, Forsafe Limited., GE Security .
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Top Trend - Kentec Electronics Revolutionizes Fire Safety With K-Mesh Is A Breakthrough In Wireless Fire Detection Systems
Technological advancements are a key trend gaining popularity in the wireless fire detection systems market. Major companies operating in the wireless fire detection systems market are focused on developing new technologies to strengthen their position in the market. For instance, in January 2022, Kentec Electronics, a UK-based renowned manufacturer of life-critical control systems launched K-Mesh, which can be used with Kentec's addressable fire alarm panels. It is a self-healing and configuring Mesh technology-based next-generation wireless detection system that offers the highest levels of reliability. With the use of wireless sound, light, and voice command features, K-SmartGuide Mesh's new UNIQUE technology promotes safe and strategic building evacuation while offering the highest level of clarity in evacuation directions.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Wireless Fire Detection Systems Market Characteristics
3. Wireless Fire Detection Systems Market Trends And Strategies
4. Wireless Fire Detection Systems Market - Macro Economic Scenario
5. Wireless Fire Detection Systems Market Size And Growth
…..
27. Wireless Fire Detection Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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