>Global Fire Detection System Market, By Detector Type (Flame Detectors, Smoke Detectors, Heat Detectors), Technology (Active Fire Systems, Passive Fire Systems), Service (Engineering Services, Installation and Design, Maintenance Services, Managed Services, Other Services), End User (Residential, Commercial, Energy and Power, Government, Manufacturing, Oil, Gas, and Mining, Transportation and Logistics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)- Industry Trends and Forecast to 2029
Market Analysis and Insights of Fire Detection System Market
Fire detection system market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the fire detection system market to rise to the USD 85,987.74 by 2029 and to exhibit a CAGR of 4.50% for the forecast period of 2022 to 2029.
Fire detection system is basically a system within the fire protection systems, which is mainly used to detect fire or smoke, which further helps in rings alarms for the occupants of a building or an establishment and thus further reducing the risk of casualties and loss of properties.
The high adoption of wireless technology in fire detection and high growth in construction industry will emerge as the major factor driving market growth. Furthermore, the stringent regulations and increase in the human and property loss due to fire breakouts will further aggravate the market value for the forecast period of 2022 to 2029. The rise in awareness of the safety and security of assets, increase in demand to replace the traditional wired system and the high demand for fire protection systems that has the combined features of surveillance and fire detection systems are expected to boost the overall growth of the market. On the other hand, the high initial costs and increase in concerns related to false alarms and detection failure act as a restraint for the market. The rise in cost of upgrading traditional fire detectors to smart detectors are also estimated to obstruct overall growth of the market.
In addition to this, the high adoption of water mist systems, periodic revision of regulatory compliances and incorporation of smoke detectors with IoT and big data are estimated to create new opportunities for growing the market within the forecast period. However, the integration of user interfaces with fire protection solutions result as a challenge for the market.
This fire detection system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on fire detection system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fire Detection System Market Scope and Market Size
The fire detection system market is segmented on the basis of detector type, technology, service, and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of detector type, the fire detection system market is segmented into flame detectors, smoke detectors and heat detectors. Flame detectors have further been sub-segmented into single IR (infrared), single ultraviolet (UV), dual UV/IR, triple IR (IR3) and multi IR. Smoke detectors have further been sub-segmented into photoelectric, ionization and dual-sensor smoke detectors.
- On the basis of technology, the fire detection system market is segmented into active fire systems and passive fire systems.
- Based on service, the fire detection system market is segmented into installation and design services, engineering services, managed services, maintenance services and others. Others have further been segmented into tenancy and refurbishment upgrade services.
- The end user segment of the fire detection system market is segmented into commercial, residential, energy and power, government, manufacturing, oil, gas and mining, transportation and logistics and others. Commercial has further been segmented into academia and institutional, retail, healthcare, hospitality and banking, financial services, and insurance (BFSI). Others have further been segmented into telecom and IT, public utilities and media and entertainment.
Fire Detection System Market Country Level Analysis
The fire detection system market is analyzed and market size, volume information is provided by detector type, technology, service, and end user as referenced above.
The countries covered in the fire detection system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the fire detection system market due to high demand for smart buildings and intelligent houses that deliver optimum safety and security in the region. Asia-Pacific region is projected to undergo substantial during the forecast period owing to the due to the strong presence of all industrial and commercial organizations and the rise in awareness amongst the end-consumers and booming construction sector in countries such as India and China.
The country section of the fire detection system market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fire Detection System Market Share Analysis
The fire detection system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fire detection system market.
Some of the major players operating in the fire detection system market report are Johnson Controls, United Fire Protection Corporation, Honeywell International Inc., Siemens, Halma plc, Robert Bosch GmbH, Hochiki Europe, LLC, Minimax, GENTEX CORPORATION, Securiton AG, Encore Fire Protection, Sterling Safety Systems, Fire Suppression Ltd., SCHRACK SECONET AG, Napco Security Technologies, Inc., VFP Fire Systems,Inc., Total Safety U.S.,Inc., Fire & Safety Specialists, ORR PROTECTION and SA Fire Protection among others.
Recent Developments
- In April 2021, the Marioff and Rmcfinland collaborated for the delivery of HI-FOG high-pressure water mist fire suppression systems for the new Phojanmaa class multiclass multipurpose corvettes.
- In October 2020, the Honeywell International Inc., created a new cloud platform for fire safety systems that aids people in decreasing disruption and speeding up the design, installation, and maintenance of the system's safety.
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