Fire Alarm and Detection Market Size, Share Report & Forecast 2029

 

Fire Alarm and Detection Market

The Fire Alarm and Detection Market is projected to witness growth of of approximately 6.1% CAGR during the forecast period, 2022-2029.

The factors driving growth of the Fire Alarm and Detection Market includes rise in the number of constructions related projects around the world, emergence of work-from-home models, increasing deployment of fire detectors at educational institutes, development of wireless and remote function fire detection and alarm systems and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, increasing awareness amongst residents about the benefits of fire detection systems, rise in Government’s expenditure on infrastructure projects and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, rise in the launch of innovative products, strategic collaborations and partnerships between companies and growing population growth rates, are further contributing towards the market growth.

However, growth of the Fire Alarm and Detection Market is hindered due to lack of standard guidelines for installing safety devices.

The major players operating in the market are Halma Plc, Gentex Corporation, Robert Bosch GmbH, Johnson Controls International Plc, Honeywell International Inc., Napco Security Technologies, Inc., Nittan Company, Limited, Hochiki Corporation, Space Age Electronics and Eaton Corporation Plc, among other companies.

Based on Component, the Fire Detectors segment is predicted to grow at a significant CAGR during the forecast period

As per the Global Fire Alarm and Detection Market Analysis, smart fire detectors are used to detect gas leak, smoke, heat, and fire, and can be controlled through smartphones, are some of the factors pushing Fire Alarm and Detection Market size. 

Based on Detector Type, the Heat Detectors segment is projected to expand at a remarkable CAGR over the forecast period

Increasing deployment of heat detectors at warehouses, auditoriums, hospitals, and garages owing to rising incidences of fire, is pushing segment’s growth. 

Based on Region, the Asia-Pacific region is anticipated to capture the largest market share during the forecast period

Strict regulations imposed by Government regarding the safety of buildings, rapid growth in the construction industry across India, China and South Korea, technological advancements in fire alarm equipment and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Key Developments

  • In 2020, Napco Security Technologies, Inc. developed iSecure Complete Cellular Alarm Systems. The iSecure alarm system is a professional-grade security system, that offers remote Smart App & notification alerts. Additionally, it provides the choice of wireless keypad, security touchscreen, connected home touchscreen, and includes two wireless window/door sensors and wireless PIR.
  • In 2020, Halma Plc completed the acquisition of 70 per cent shares of FireMate Software Pty. Ltd., an Australian company that provides cloud-based fire protection maintenance software to fire contractors.

Market Segmentation

Segmentation by Component

  • Fire Alarms
  • Fire Detectors

Segmentation by Fire Alarm Type

  • Audible Alarms
  • Visual Alarms
  • Manual Call-points

Segmentation by Fire Detector Type

  • Flame Detectors
  • Smoke Detectors
  • Heat Detectors

Segmentation by Application

  • Commercial
  • Industrial
  • Residential

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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