Press release
Global Wireless Fire Detection Market Report Projected to Reach at a CAGR of 8.0% During Forecast Period 2017-2024
"Global Wireless Fire Detection Market" – Industry Trends and Forecast to 2024
The Global Wireless Fire Detection accounted to USD 220.0 million in 2016 growing at a CAGR of 8.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition: Global Wireless Fire Detection Market
Wireless fire detection system is a fire alarm appliance, which automatically senses and triggers an alarm in case of fire. This system can be either fully wireless or hybrid (combination of wired & wireless) systems. The integration of wired and wireless technologies increases the efficiency and reliability of the overall system. In the recent years, large number of cases of fires in residential & commercial spaces has increased which has led to the growth in wireless fire detection system market. Furthermore, emergence of superior, flexible, and reliable solution of fire detection systems has fueled their demand across several industries.
Major Market Drivers and Restraints:
• Increase in awareness in industries toward fire detection systems
• Advancement in technologies
• Government regulations related to fire safety
• High installation and maintenance cost
• Increase in R&D activities
Market Segmentation: Global Wireless Fire Detection Market
On the basis of system type the wireless fire detection market is segmented into Fully Wireless Systems, Hybrid Systems. The hybrid market is expected to grow in the forecasted period.
On the basis of installation type the wireless fire detection market is segmented into New Installation, Retrofit Installation.The new installation market is expected to grow in the forecasted period.
On the basis of application the wireless fire detection market is segmented into Residential, Industrial, and Commercial.The Industrial market is expected to grow in the forecasted period.
On the basis of geography, wireless fire detection market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Competitive Analysis: Global Wireless Fire Detection Market
Wireless Fire Detection Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Wireless Fire Detection Market
Some of the major players operating in wireless fire detection market are EMS Wireless Fire & Security Ltd, Electro Detectors Ltd, Sterling Safety Systems, Ceasefire Industries Pvt. Ltd, Zeta Alarm Systems,Detectomat GmbH,Eurofyre Ltd, United Technologies, Honeywell International Inc., Siemens AG,Hochiki Corporation,Halma PLC, Robert Bosch GmbH, Tyco International PLC, Johnson Controls,Napco Security Technologies, Inc., Apollo Fire Detectors Fire Limited, HOCHIKI Corporation among others. In 2017, NAPCO Security Technologies announces the launch of the newly redesigned SAVI School website, as part of the Company’s ongoing K-12 and Campus Security initiative regarding fire detection products.
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Report Access: http://databridgemarketresearch.com/reports/global-data-center-interconnect-market/
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