The global fire detection market encompasses the industry dedicated to the development, manufacturing, and distribution of devices and systems designed to detect and alert against fire-related threats. This market includes a wide range of products such as smoke detectors, heat detectors, flame detectors, and fire alarm systems. It serves various sectors, including residential, commercial, industrial, and institutional, with the primary aim of safeguarding lives and property from fire hazards. The market is driven by regulatory compliance, growing urbanization, and increasing awareness about fire safety measures, making it a critical component of the broader safety and security industry. The global fire detection market is expected to witness sustained growth and innovation in fire detection solutions as technology continues to advance.
Technological advancements in fire detection equipment and the integration of IoT and AI in fire detection systems are expected to drive market growth. The major restraint that is impacting the market growth is the integration complexity of fire detection systems with other building management systems and the high initial costs of fire detection systems.
Access Full Report @ https://www.databridgemarketresearch.com/reports/global-fire-detection-market
Data Bridge Market Research analyzes that the Global Fire Detection Market is expected to reach a value of USD 28,966.45 million by 2030, at a CAGR of 6.5% during the forecast period 2023-2030.
Key Findings of the Study
Growing Demand Technological Advancements in Fire Detection Equipment
Technological advancements in fire detection equipment have significantly contributed to the market growth. These innovations have enhanced the efficiency, accuracy, and reliability of fire detection systems, making them more effective in protecting lives and property. Firstly, the integration of advanced sensors and detectors has been a game-changer. Advanced fire detectors are equipped with sophisticated sensors that can detect smoke, heat, and even toxic gases more accurately. This not only reduces false alarms but also provides early detection, enabling faster response times and minimizing fire damage.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
|
Forecast Period
|
2023 to 2030
|
|
|
Base Year
|
2022
|
|
|
Historic Years
|
2021 (Customizable to 2015 – 2020)
|
|
|
Quantitative Units
|
Revenue in USD Million
|
|
|
Segments Covered
|
System Type (Fully Wireless System, Hybrid System, and Others), Product (Smoke Detector, Flame Detector, and Heat Detector), Mode (Conventional Mode, Addressable Mode, and Standalone Mode), Detection Technology (Active Fire System and Passive Fire System), Connectivity (Wired and Wireless), Component (Hardware, Software, and Services), End-User (Commercial, Industrial, Residential, Government, and Others)
|
|
|
Region Covered
|
U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, and Rest of Middle East and Africa
|
|
|
Market Players Covered
|
Johnson Controls (U.S.), Carrier (U.S.), Eaton (Ireland), Siemens (Germany), Bosch Sicherheitssysteme GmbH (Germany), Honeywell International Inc. (U.S.), HOCHIKI Corporation (Tokyo), Minimax GmbH (Germany), ABB (Switzerland), Halma (U.K.), Emerson Electric Co. (U.S.), Securiton AG (Switzerland), ADT. (U.S.), Schrack Seconet AG (Austria), Mircom Group of Companies (Canada), Fire Shield Systems Limited (U.K.), Firetrol Protection Systems, Inc. (U.S.), Inc., ORR PROTECTION (U.S), Amerex Corporation (U.S.), Napco Security Technologies, Inc. (U.S.), GENTEX CORPORATION (U.S.) Cosco Fire Protection (U.S.) and among others
|
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
|
|
Segment Analysis
The global fire detection market is segmented into seven notable segments based on system type, product, mode, detection technology, connectivity, component, and end-user.
- On the basis of system type, the market is segmented into fully wireless system, hybrid system, and others.
In 2023, fully wireless system segment is expected to dominate the global fire detection market
In 2023, fully wireless system segment is expected to dominate the market with a market share of 58.71% due to its convenience, scalability, and reduced installation costs.
- On basis of product, the market is segmented into smoke detector, flame detector, and heat detector. In 2023, smoke detector segment is expected to dominate the market with a market share of 51.73%.
- On the basis of mode, the market is segmented into conventional mode, addressable mode, and standalone mode. In 2023, conventional mode segment is expected to dominate the market with a market share of 47.63%.
- On the basis of detection technology, the market is segmented into active fire system and passive fire system. In 2023, active fire system segment is expected to dominate the market with a market share of 66.98%.
- On the basis of connectivity, the market is segmented into wired and wireless. In 2023, wired segment is expected to dominate the market with a market share of 58.92%.
- On the basis of component, the market is segmented into hardware, software, and services. In 2023, hardware segment is expected to dominate the market with a market share of 57.66%.
- On the basis of end-user, the market is segmented into commercial, industrial, residential, government, and others.
In 2023, commercial segment is expected to dominate the global fire detection market
In 2023, commercial segment is expected to dominate the market with a market share of 35.72% due to stringent safety regulations, increased awareness, and the need to protect assets and occupants in commercial buildings, driving higher demand for fire detection systems.
Major Players
Data Bridge Market Research recognizes the following companies as the major players operating in the global fire detection market that include Johnson Controls (U.S.), Carrier (U.S.), Eaton (Ireland), Siemens (Germany), Honeywell International Inc. (U.S.) and among others.
Market Developments
- In April 2023, Carrier announced that it is discovering strategic alternatives for its Fire & Safety business unit. Carrier’s development has been strategic and essential to the company’s business, focused on enhancing sustainability leadership and accelerating aftermarket growth.
- In July 2023, Johnson Controls introduced the Autocall Foundation Series fire detection systems, offering a simplified, economical, and efficient package for small to mid-size building protection. This all-in-one solution with easy installation and comprehensive training support is an ideal choice for contractors, ensuring reliable fire detection for various commercial settings.
- In March 2023, Honeywell International Inc. ground-breaking NOTIFIER INSPIRE fire alarm system, featuring UL-approved self-testing smoke detectors, revolutionizes fire and life safety systems by automating testing and maintenance. This innovation not only enhances building safety but also improves facility manager awareness, simplifies maintenance for service providers, and ensures regulatory compliance, marking a significant advancement in fire safety technology. Honeywell's commitment to safer environments and streamlined operations is evident in this game-changing solution.
- In July 2023, ADT, and State Farm partnership increased the customer experience with smart home technology that aided in the detection and mitigation of losses caused by water, fire, intrusion, and other homeownership-related risks. The collaboration is making customers' lives easier and more convenient.
- In September 2022, Siemens launched Fire Safety Digital Services portfolio revolutionizes fire safety by shifting from reactive to proactive measures through cloud-based solutions. This pioneering approach goes beyond compliance, offering comprehensive protection and transparency for businesses, ultimately enhancing safety, reducing interruptions, and ensuring system reliability. It empowers organizations to make informed decisions, safeguard continuity, and provide a secure environment for people and assets.
Regional Analysis
Geographically, the countries covered in the global fire detection market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, and Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
North America is expected to dominate and fastest-growing in global fire detection market
North America region is expected to dominate and fastest-growing in global fire detection market with the market due to technological advancements and innovations in fire detection technologies, along with a robust economy, make North America a dominated market region for fire detection system manufacturers.
For more detailed information about the global fire detection market report, click here – https://www.databridgemarketresearch.com/reports/global-fire-detection-market
