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