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Fire Detection Equipment Market 2024 Competitive Landscape, Industry Analysis, Segmentation And Forecast To 2033
Fire Detection Equipment Market
As per the report, the fire detection equipment market size has grown strongly in recent years. It will grow from $8.34 billion in 2023 to $9.15 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The fire detection equipment market size is expected to see rapid growth in the next few years. It will grow to $13.88 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%.
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Government Regulations Drive Growth In Fire Detection Equipment Market
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 increased need to ensure safety by the government agencies has increased the demand for the fire detection equipment market.
Enhancement In Fire Detection With Infrared Technology
The entities involved in the fire detection equipment market are using Infrared technology to reduce the false alarms from these systems and, at the same time, shorten the time it takes alarms to detect actual fires. The use of Infrared technology increases the fire detection capabilities of a detector even in the dusty atmosphere. For instance, MSA Safety Incorporated, a U.S based company involved in the making sophisticated safety products launched an FL4000H multi-spectrum IR flame detector that uses multi-spectrum IR (Infrared) to detect the flames 210 feet away and also monitors false alarms. The device employs flame recognition technology to confirm fire by analyzing near IR radiation thus producing more effective, reliable results.
The fire detection equipment market covered in this report is segmented -
1) By Product Type: Flame Detectors, Smoke Detectors, Heat Detectors
2) By Connectivity: Wired, Wireless
3) 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
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Major companies operating in the fire detection equipment market report are Siemens AG, Johnson Controls, Carrier Global Corporation, Honeywell International, Robert Bosch, Schneider Electric, Hochiki Corporation, Assa Abloy, Securiton AG, Halma, Protec, Rubezh, Ajax, Pozhtechnika, SATEL, NAPCO Security Technologies, Encore Fire Protection, VEP Fire Systems, Kidde fire safety, Ras Al Khaimah Safety and Security System LLC, C.G. Technology L.L.C, Speed Fire & Safety Equipment L.L.C, A One Technology Fire Safety & Security Systems LLC, Eversafe Fire & Safety Equipment LLC, Alnahrain Security & Safety, Tyco, UTC, Viking, Fike Corporation.
Contents of the report:
1. Executive Summary
2. Fire Detection Equipment Market Report Structure
3. Fire Detection Equipment Market Trends And Strategies
4. Fire Detection Equipment Market - Macro Economic Scenario
5. Fire Detection Equipment Market Size And Growth
…..
27. Fire Detection Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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