Press release
Fire Alarm and Detection System Market To Garner $98.90 billion by 2030, Driven by Advancement of Fire Detection and Alarming Devices
Download Research Report Sample & TOC @
https://www.alliedmarketresearch.com/request-sample/12858
Fire alarm and detection systems are developed for detecting fire early in their initial stage when time be available for the taking necessary measure for safety of occupants and infrastructure. In this system, detectors provide feedback to the control panels for raising the alarms. The fire alarm and detection systems consists of two major systems, namely, the detection system and the alarm system. Detection system consists of sensors and detectors devices such as heat detectors, smoke detectors, carbon monoxide detectors, multi-sensor detectors among other and the alarm system consist of various type of alarms, such as, audio alarm, visual alarm, and manual call points.
The global Fire alarm and detection system industry is anticipated to witness significant growth over the period of forecast. Factors such as increased rate of fire safety system deployment in educational institutes and rise in awareness among residents for fire detection systems mainly drives the fire alarm and detection system market growth. In addition, advancement of fire detection and alarming devices is projected to propel growth of the market during forecast period. However, the high initial costs of industrial fire alarm systems along with concerns related to false alarms & detection failure may restrain the market growth. On the contrary, development of wireless and remote function fire detection and alarm system creates lucrative growth opportunities for the wireless fire alarm market.
Inquiry Before Buying @
https://www.alliedmarketresearch.com/purchase-enquiry/12858
The report segments the global fire alarm and detection system market on the basis of offering, product type, detection technology, connectivity, end user, and region.
Based on offering, the hardware segment held the largest share in 2020, contributing to more than four-fifths of the market. However, the software segment is estimated to portray the highest CAGR of 7.2% from 2021 to 2030.
On the basis of product type, the detector type segment is projected to manifest the highest CAGR of 6.8% during the forecast period. However, the fire alarm type segment held the lion's share in 2020, accounting for nearly four-fifths of the market.
Region wise, the Fire alarm and detection system market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed significant revenue in 2020. Growth in the North America is dominated by U.S. due to the huge demand from commercial and residential places across the states such as Florida, Georgia, and North and South Carolina.
Request for Customization @
https://www.alliedmarketresearch.com/request-for-customization/12858
In addition, factors such as stringent government regulations pertaining to safety standards, surge in automation in smart homes and buildings, and the growing demand from the mining & manufacturing sectors have significantly fueled the demand for the fire alarm and detection systems in the region. In addition, Europe holds the second largest share in the global Fire alarm and detection system market, and is expected to witness significant growth during the forecast period. The factors such as rising digitalization, surge in demand for fire alarm systems, and integration of advanced technology within the fire alarm and detection devices boosts growth of the market in the Europe.
The key players profiled in the report include Carrier Global Corporation, Eaton Corporation PLC, Halma PLC, Hochiki Corporation, Honeywell International Inc., Johnson Controls International PLC, NAPCO Security Technologies, Inc., NITTAN Company, Limited, Robert Bosch GmbH, and Siemens AG. These players have adopted various strategies such as product launch, acquisition, collaboration, and partnership to expand their foothold in the industry.
Key Findings Of The Study
• The hardware segment is projected to be the dominant offering over the forecast period followed by software.
• APAC and North America collectively accounted for more than 55.96% of the Fire alarm and detection system market share in 2020.
• Fire alarm type segment is anticipated to witness highest growth rate during the forecast period.
• China was the major shareholder in the Asia-Pacific Fire alarm and detection system market, accounting for approximately 35.48% share in 2020.
Contact us:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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 System Market To Garner $98.90 billion by 2030, Driven by Advancement of Fire Detection and Alarming Devices here
News-ID: 3424798 • Views: …
More Releases from Allied Analytics LLP
Heat Meters Market Set to Grow with Rising Demand for Energy Efficiency
According to a new report published by Allied Market Research, the heat meters market size was valued at $1.6 billion in 2022, and is estimated to reach $2.7 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032.
A heat meter is a device used to measure and quantify the amount of thermal energy (heat) transferred from a heat source to a system or consumer. It accurately measures…
Heat Pump Market Set for Strong Growth Through 2032
According to a new report published by Allied Market Research, the heat pump market size was valued at $71.2 billion in 2022, and is estimated to reach $201.5 billion by 2032, growing at a CAGR of 11.1% from 2023 to 2032.
A heat pump is a versatile and efficient device that transfers heat from one location to another using a refrigeration cycle. It operates by absorbing heat from a low-temperature source…
Energy Efficient Lighting Market Shines Bright with Strong Growth Outlook
According to a new report published by Allied Market Research, the global energy efficient lighting market was valued at $46.2 billion in 2021 and is projected to reach $93.3 billion by 2030, growing at a robust CAGR of 8.1% from 2022 to 2030. This surge reflects a powerful global movement toward greener, smarter, and more cost-effective lighting technologies.
Energy efficient lighting refers to lighting systems and products that use less electricity…
The Future of Energy: How Fuel Cells Are Reshaping Power Generation
According to a new report published by Allied Market Research, titled, "Fuel Cell Market," The fuel cell market size was valued at $3.6 billion in 2020, and is estimated to reach $32.0 billion by 2030, growing at a CAGR of 19.4% from 2021 to 2030.
The fuel cell market has emerged as a transformative force in the global energy landscape, offering a clean, efficient, and sustainable alternative to conventional energy sources.…
More Releases for North
Man and Van North London: Your Go-To Moving Solution in North London
North London, London - June 23, 2025 - Looking for a stress-free and efficient moving experience in North London? Look no further than Man and Van North London, the trusted, reliable moving service that's changing the way people approach relocation. Based in the heart of North London at 2 Abbotsbury, the team at Man and Van North London provides affordable, hassle-free moving services designed to fit every need.
Whether you're moving…
North America Biosimulation Market
The global biosimulation market is experiencing rapid expansion, driven by advancements in technology and the increasing demand for computational tools that can accelerate drug discovery, clinical trials, and regulatory processes. As of 2023, the market was valued at USD 3.5 billion and is projected to reach USD 14.1 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 16.90% from 2024 to 2032.
Biosimulation, which involves the use of…
Entirewire Electrician North Canton Offers Top-Tier Electrical Services for Nort …
Image: https://www.getnews.info/wp-content/uploads/2024/09/1726505467.png
Entirewire Electrician North Canton provides high-quality electrical services to residential and commercial clients in North Canton, OH. Specializing in electrical panel replacement, repairs, and installations, their team of certified electricians ensures safe, reliable, and efficient solutions, making them a trusted choice for all electrical needs in the local community.
North Canton, OH - Entirewire Electrician North Canton continues to provide exceptional electrical services for residents and businesses in the…
Web Design North: Providing Exceptional Graphic Design Services in North Bay
Web Design North, a leading digital marketing and SEO agency, provides peerless graphic design services in North Bay.
Specific and highly effective digital solutions can help solve the challenges businesses encounter in reaching their target audience. With the combination of these solutions and the expertise of digital professionals, business owners can rest assured that they will make more progress and thrive among their competitors. Web Design North is a dedicated marketing…
Web Design North Offers Digital Marketing Services in North Bay, Canada
Web Design North is a reputable company that provides digital marketing solutions and website development services in Canada.
Web Design North is excited to debut its updated website, showcasing a more modern and user-friendly design. The new site features easy navigation, allowing potential clients to easily browse and learn about the company's services and view their impressive portfolio of work. As a leading web design company, Web Design North understands the…
Web Design North Now Offers North Bay Website Designing Services
Web Design North has successfully worked with businesses of all sizes across North America and internationally.
Web Design North, a leading digital marketing agency in Canada, is proud to announce its expertise in web designing and SEO marketing for businesses in various industries across the country. With a team of experienced professionals, Web Design North has helped numerous clients establish a strong online presence and drive significant traffic to their websites.…
