Global wireless fire detection market is expected to reach USD 312.54 million by 2026, growing with substantial CAGR in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
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The wireless fire detection market is a highly concentrated market which includes key players and local players. The market has witnessed various strategic developments owing to favourable market scenario. The market will grow in the coming years due to increase in awareness in industries towards fire detection systems, emergence of advanced technologies in wireless fire detection systems market, growing adoption of fire detection systems in residential sector and stringent government regulations for fire safety. The rapid industrialization in developing economies and introduction of hybrid detection system possesses a great demand for the growth of market.
The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio in order to meet the rising demand of innovative technology. For instance, in January 2019, Halma plc has announced the acquisition of Business Marketers Group Inc., which is a provider of emergency communication systems in the USA for the refugees. This would help the company in extending the safety communications capabilities and adding a new market niche for the areas of refugee.
Honeywell International, Inc., dominated the global wireless fire detection market. The other key players existing in the market includes Siemens, Johnson Controls, Ems Security Group Ltd, Electro Detectors Ltd, Sterling Safety Systems, Wagner Group Gmbh, Hochiki Corporation, Halma Plc., Apollo Fire Detectors Fire Limited, Robert Bosch Gmbh, Eurofyre ltd., Detectomat Gmbh, Ceasefire Industries Pvt. Ltd, Napco Security technologies, Inc., Def Nederland, Zeta Alarm ltd, Libelium Comunicaciones Distribuidas S.L, Attentis, GTE, Vigilys, Inc and others.
Siemens:
Siemens headquartered in Berlin, Germany was founded in 1847. The company focuses towards engineering and innovation in electrification, automation and digitalization. The company has nine operating divisions namely, Power and gas, Energy Management, Building Technologies, Mobility, Digital Factory, Process industry and drives, Siemens Healthineers, Siemens Gamesa Renewable Energy, and Financial Services.
The product portfolio offered by Building Technologies provides solutions, products and services for the automation technologies and digital services for safe, secure and efficient buildings and infrastructures throughout the entire lifecycle.
It has its global networks through direct sales representatives and distributors in the Europe, C.I.S., Asia, Africa, Middle East, Americas, and Australia. The company’s subsidiaries include Siemens Healthcare GmbH (Germany), Dresser-Rand (US), Siemens PLM Software (U.S.), Siemens Gamesa Renewable Energy, (S.A.), Siemens Technology and Services (India) and others.
Honeywell International Inc
Honeywell International Inc headquartered in New Jersey, U.S was established in 1985. The company focuses in providing aerospace, construction technologies, performance materials, and safety and productivity solutions. The company operates through four business segments which include aerospace, home and building technologies, performance materials and technologies, and safety and productivity solutions.
- In April 2016, the Company completed the acquisition of Xtralis International Holdings Limited which is engaged in providing aspiration smoke detection and perimeter security technologies. Xtralis is a part of Honeywell Building Technologies.
It has its global networks through direct sales representatives and distributors in the United States, Europe and Other International. It operates through its subsidiaries such as AlliedSignal Aerospace Service LLC (U.S), BW Technologies Partnership (CANADA), Honeywell (China) Co., Ltd (CHINA), Honeywell Aerospace de México, S. de R.L. de C.V (MEXICO), Honeywell International (India) Private Limited (INDIA) and others.
Johnson Controls:
Johnson Controls is headquartered in Cork, Ireland, founded in 1855. The company is engaged in providing solutions and products related to engineering, construction, building automation, HVAC, operations, sales, hazard protection. Johnson Controls operates through three major strategic business units which include Building technology & solutions, Power solutions and industrial automation.
- In 2018, Johnson Controls merged with the Tyco International for providing fire and security solutions.
The company has wide geographical presence in North America, Europe, Middle East & Africa, and Asia-Pacific. It operates through its subsidiaries such as SimplexGrinnell (U.S), VARTA (GERMANY), Hitachi-Johnson Controls Air Conditioning, Inc.(HONG KONG), Tyco Integrated Security(U.S), Johnson Controls Alagon, S.A.(SPAIN) and others.
