Press release
Fire Alarm Equipment Market is expected to grow at a CAGR of 6.76% from 2024 to 2030, as per Maximize Market Research
Fire Alarm Equipment Market, Fire Alarm Equipment Market Size, Fire Alarm Equipment Market Share,
Fire Alarm Equipment Market Overview
Regulation in Fire Protection
The National Fire Protection Association (NFPA) requires the installation of reliable fire alarm systems in residential and commercial buildings. NFPA 72, also called the National Fire Alarm and Signaling Code, is revised every three years and sets the guidelines for installing fire alarm and emergency communication systems in the United States.
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IoT-Assisted Response in High-Rise Buildings
Organizations at the forefront are suggesting the use of IoT-enabled fire detectors to enhance suppression, detection, and prevention capabilities, as well as to streamline maintenance and compliance processes. Through the utilization of IoT technology, fire safety solutions and services are becoming increasingly interconnected and smart, providing enhanced management of fire hazards in commercial and residential buildings.
Lack of awareness in the Asia-Pacific Fire Alarm Equipment Market
Businesses in the APAC region lack knowledge about the mandatory requirements and industry standards concerning fire safety. This lack of awareness about fire safety risks and the importance of fire alarm systems is hindering the growth of the APAC fire alarm equipment market.
North AMerica leads the global Fire Alarm Equipment Market
In 2023, North America dominated the fire alarm equipment market, holding a market share of almost 36.80%. The region's proactive stance on fire safety is evident through its early embrace of fire alarm technologies and the strong presence of key industry participants.
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Recent News
19 June 2024, Bosch's Avenar fire detectors hit Indian assembly lines
1 oct 2024, Panel to be set up for fire safety inspections at all nursing homes: Delhi High Court
18 sept 202, Hochiki Ekho fire detection system enhances safety at Qatar's Outpost Al Barari
Fire Alarm Equipment Market Segmentation
by Offering
1.Product
Smoke detectors
Heat detectors
Flame detectors
Notification devices
Control panels
Others (I/O modules)
2. Service
Installation and design
Maintenance and testing
Monitoring services
Others
by Installation Type
New installations
Retrofit installation
by Application
Residential
Commercial
Industrial
by System Type
Conventional systems
Addressable systems
Intelligent Systems
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Fire Alarm Equipment Market Key Players
1. ABB - Switzerland
2. Advanced Electronics Ltd - United Kingdom
3. Apollo Fire Detectors Ltd - United Kingdom
4. Bosch Security Systems GmbH - Germany
5. Eaton - Ireland
6. Fike Corporation - United States
7. Gentex Corporation - United States
8. Haes Technologies Ltd. - United Kingdom
9. HOCHIKI Corporation - Japan
10. Honeywell International Inc. - United States
11. Johnson Controls - Ireland
12. Kentec Electronics Ltd. - United Kingdom
13. Mircom Group of Companies - Canada
14. Nittan Company Ltd - Japan
15. Nohmi Bosai Ltd. - Japan
16. Ravel Electronics Pvt. Ltd - India
17. Schneider Electric - France
18. Securiton AG - Switzerland
19. Shenzhen HTI Sanjiang Electronics Co., Ltd. - China
20. Siemens - Germany
21. Smith & Sharks Pvt Ltd - India
22. Zeta Alarms Limited - United Kingdom
Key questions answered in the Fire Alarm Equipment Market are:
What is the expected industry size of the fire alarm and detection market?
Who are the top market players in the market?
Which region contributes notably towards the global fire alarm and detection market?
What will be the expected CAGR of fire alarm and detection market during the forecast period (2023-2030)
What are the key segments in the fire alarm and detection market?
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-fire-alarm-equipments-market/104266/
Key Offerings:
Past Fire Alarm Equipment Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Fire Alarm Equipment Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Fire Alarm Equipment Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Fire Alarm Equipment Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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About Maximize Market Research:
Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
Their services cover market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence.
Maximize Market Research also provides custom research services, allowing businesses to get solutions specific to their market challenges. With a strong global presence, the company serves clients from various sectors, ensuring they stay ahead in a rapidly evolving market landscape.
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