Press release
Fire Detection Sensors Market Growth, Trends, Top Manufacturers, Opportunities and Forecast to 2031
The global Fire Detection Sensors Market, valued at US$ 29.3 billion in 2021, is poised to experience steady growth, with an estimated CAGR of 3.3% from 2022 to 2031, reaching US$ 40.4 billion by 2031. This comprehensive market research study delves into the key aspects of the market, analyzing growth trends, market drivers, major players, competitive landscape, market challenges, trends, and future outlook.Download sample PDF copy of report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=79555&utm_source=Openpr&utm_campaign=Amit
Market Drivers: The rise in demand for technologically advanced fire detection systems, especially in high-risk industries like oil & gas, has been a significant driver for market growth. The industry's focus on implementing infrared technology for quicker fire detection and advancements in flame, heat, and smoke detectors contribute to reducing false alerts and improving sensitivity.
Key Segments and Trends:
High Demand in Oil & Gas Sector: Due to the presence of highly flammable gases and liquids, the oil & gas sector has a high demand for fire detection systems. Flame, gas, and smoke detectors are crucial for preventing injuries and deaths, with wireless gas sensors gaining traction for enhanced safety.
Growth in Usage of Ionization Smoke Detectors: Ionization smoke detectors, known for affordability and quick response to fast-burning fires, are witnessing increased adoption. The development of environmentally-friendly products further boosts demand for ionization smoke detectors.
Increase in Adoption of Smoke Detectors: Smoke detectors, holding a 41.8% market share in 2021, play a vital role in early fire detection in homes. Manufacturers are developing combination versions for faster response to various types of smoke particles.
Rise in Demand for Wireless Connectivity: Wireless fire detection sensors, holding a 56.0% market share in 2021, are preferred for their efficiency, reliability, and faster installation. The segment is expected to register a CAGR of 3.5%, with advancements such as the Ekho wireless fire detection system offering a communication range of 1200 meters and a 10-year battery life.
Regional Outlook: North America dominated the market with a 33.3% share in 2021, driven by a focus on infrastructure development and increased demand for safety devices. Asia Pacific, accounting for 26.8% share, is expected to see growth due to rapid urbanization, industrialization, and smart city projects.
Key Players:
• Emerson Electric Co.
• Halma plc
• Hochiki Europe, LLC.
• Honeywell International Inc.
• Johnson Controls
• Protec Fire and Security Group Ltd
• Robert Bosch LLC
• Securiton AG
• Siemens AG
• Tyco Security Products
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