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Fire Alarm Systems Market in North America and MEA Market Shows Expected Growth from 2023-2031 With Upcoming Trends, Analysis by Manufacturers
The North America and MEA Fire Alarm Systems Market size was valued at US$ 13.63 billion in 2023 and is expected to reach US$ 22.81 billion by 2031. The North America and MEA Fire Alarm Systems Market is estimated to record a CAGR of 6.6% from 2023 to 2031.Get Exclusive Sample PDF @: https://www.businessmarketinsights.com/sample/BMIRE00031040?utm_source=OpenPr&utm_medium=10640
The US, Canada, and Mexico comprise one of the most successful and competitive economic regions worldwide. The economic competitiveness of North America continues to grow through economic, commercial, and residential cooperation, integration, and policy alignment. The construction of residential and commercial buildings in these countries is growing owing to various investments in the construction sector. For instance, in October 2023, Fluor, a global engineering and construction firm, completed the construction of Bayer's US$ 250 million pharmaceutical plant in Berkeley, California. Also, in October 2024, the President of Mexico announced the Housing and Regularization Program, which aims to construct 1 million homes as well as grant 1 million deeds during her administration. Similarly, in October 2024, the Federal Aviation Administration (FAA) awarded US$ 970 million from the President's Infrastructure Law to 125 airports spanning 46 US states, Guam, and Palau. It was the 4th investment of ~US$ 1 billion to rebuild the nation's infrastructure.
Analysis of the Top Market Players:
1. Eaton Corp Plc
2. Bosch Sicherheitssysteme GmbH
3. Fike Corporation
4. Gentex Corp
5. Honeywell International Inc
6. Napco Security Technologies Inc
7. Schneider Electric SE
8. Siemens AG
9. Johnson Controls International Plc
10. Carrier Global Corp
11. Mircom Technologies Ltd
In this report, the market has been segmented on the basis of:
Technology (Addressable Systems and Conventional Systems)
Product Type [Detector Type (Smoke Detectors, Heat Detectors, Flame Detectors, and Others),
Alarm Type (Audible Alarms, Visual Alarms, and Manual Call-points Alarms), and Control Panels],
Application (Commercial, Industrial, and Residential), and Geography
Access full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.businessmarketinsights.com/reports/north-america-and-mea-fire-alarm-systems-market
The demand for fire alarm systems in various construction sectors, such as commercial and residential, is growing in North America. Insurance companies mandate the installation of fire alarm systems to reduce the risk of financial loss from fire incidents. Also, homeowners increasingly prefer IoT-enabled fire alarms that connect with other smart devices, such as mobile phones and home security systems. These alarms provide real-time notifications, even when the homeowner is away, enhancing response times.
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
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