Fire Alarm and Detection Market
Fire Alarm and Detection Market Analysis By Product (Fire Detectors, Fire Alarms), By Type (Flame Detectors, Smoke Detectors, Heat Detectors), By Fire Alarm Type (Audible Alarms, Visual Alarms, Manual Call-points), By Application & By Region - Global Market Insights 2022 to 2032
Analysis of Fire Alarm and Detection market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Fire Alarm and Detection Market Outlook (2022 to 2032)
The fire alarm and detection market has garnered a market value of US$ 29.68 Bn in 2022, anticipated to register a positive CAGR of 6% in the forecast period 2022 to 2032 and reach a value of US$ 53.15 Bn.
| Report Attributes | Details |
|---|---|
| Fire Alarm and Detection Market Size (2022) | US$ 29.68 Bn |
| Expected Market Valued for Fire Alarm and Detection (2032) | US$ 53.15 Bn |
| Global Market Growth Rate (2022 to 2032) | 6% CAGR |
| Key Companies Profiled | Johnson Controls International Plc.; Honeywell International Inc.; Napco Security Technologies Inc.; Nittan Co. Ltd.; Siemens AG; Halma Plc.; United Technologies Corp.; Robert Bosch GmbH; Eaton Corporation |
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Demand Analysis of Fire Alarm and Detection Market 2015 to 2021 Vs Future Outlook 2022 to 2032
From 2015 to 2021, the global fire alarm and detection market registered significant gains, reaching a valuation of US$ 28 Bn in 2021. Throughout the historical period, demand for fire alarm and detection systems registered a CAGR of 6.3%. Mounting concerns regarding fire safety across various industries has led to increased deployment of fire alarm and detection systems in the past few years.
The market is gaining prominence, more so amid the COVID-19 pandemic that hit the world economy in 2020, with businesses shifting to remote working models. The demand for residential fire safety witnessed a rise, with people spending extended hours working from home.
The global demand continues to witness growth over the next seven years. While the pandemic created a few lucrative opportunities for the Original Equipment Manufacturers (OEMs), awareness about the safety and security of assets in the commercial sector also increased. Considering these factors, the market is projected to witness high growth over the coming years, registering a CAGR of 6% to top US$ 53.15 Bn by 2032.
What is driving Market Demand for Fire Alarm and Detection Systems?
Revised Fire Safety Standards to avoid Catastrophes Driving Demand
The demand for advanced fire safety systems in fire-prone industrial settings, such as automotive, power & utility, mining, petrochemical, and oil & gas exploration, will drive the market growth over the next seven years.
Fire safety amidst the newly minted work-from-home model in light of the COVID-19 pandemic has gained prominence. With businesses slowly reopening in some parts of the world, building managers or facility owners are securing and maintaining fire protection systems.
The reassessment of fire safety requirements will create growth opportunities for market players over the coming years. The need for fire safety solutions surged marginally in 2021. However, due to supply chain disruptions, vendors in this space witnessed minor hiccups in receiving and fulfilling orders.
Increased Emphasis on Residential Grade Fire Safety amid the COVID-19 Pandemic
Given the current scenario, the demand for cooking fire safety, electrical fire safety, and heater fire safety will gain traction over the next few years. The global market will most likely reach pre-COVID levels by the end of 2022. The market is already on its path to recovery with a minor setback caused by supply chain disruptions.
However, as businesses reopen, the importance of fire safety is likely to take center stage and will drive product sales over the next few years. In addition, the pandemic-induced work-from-home model will also contribute to industry recovery as fire safety gains prominence with individuals spending considerable time working from home.
Prospects to Appear Optimistic across the Commercial Construction Industry
As the industry continues to witness a modest upsurge led by the pandemic, a recovery in construction-related projects, both new and redevelopment, will also generate lucrative market conditions for the fire safety OEMs.
Fire detection & alarm is are integral elements of any building project enabling safety across several structures. Hence, a rise in the number of construction-related projects will come as a respite for the industry’s growth. In addition, advancements in technology enabling wireless products with improvements in response time will also pave the way for future growth.
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Region-wise Analysis
How is Europe Propelling the Demand for Fire Alarm and Detection?
Implementation of Fire Safety Norms at National and State-Level
Europe regional authorities are focusing on implementing fire safety norms with national or state-defined goals. A CAGR of 7.4% is anticipated for the European market for fire alarm and detection by Fact.MR from 2022 to 2032.
For instance, in Germany, Firefighters’ associations are undertaking projects to increase the installations of fire alarms and smoke detectors in residential areas. There have been instances of fire brigades conducting campaigns providing information on the installation of fire safety equipment. All such initiatives across several countries in Europe are contributing to the regional market growth.
What Drives the Demand for Fire Alarm and Detection in Asia Pacific Countries?
Extensive Awareness Campaigns by Public Fire Safety Associations bolstering prospects
Asia Pacific is estimated to emerge as the fastest-growing regional market over the forecast years. The region, with investments focused on infrastructure development, is creating growth opportunities for fire safety vendors. The regional demand stems from the developments in countries like India, China, Japan, and other Southeast Asian countries.
The aggressive campaigns being carried out by various public safety associations and prominent manufacturers of fire safety equipment and subsequently, the growing awareness among the end-users to ensure fire safety is expected to drive the growth across the region. According to Fact.MR, Asia Pacific is expected to accumulate around 45% revenue share.
For instance, in India, several state governments mandate fire safety & security in commercial establishments. Therefore, the market growth is directly proportional to the growth of the commercial construction sector. With work-from-home being the new norm, the importance of fire safety solutions has increased in the residential sector. A rise in fire accidents across various regions is contributing to the growth of this segment.
Category-wise Insights
Which Product Type Leads the Market?
Fire Detectors to remain Top Selling Product, Fire Alarms Sales to Sure Impressively
The fire detectors product segment accounts for the highest revenue share of more than 50%. Fire detectors have applications in detecting leaks, such as gas, that could result in a fire accident. Regulations in several countries that encourage the adoption of fire detectors are is the key factor favoring product sales, a trend expected to continue till 2030.
On the other hand, the fire alarms segment is expected to register the fastest CAGR exceeding 7.3% from 2022 to 2032. Fire regulations will continue to play a vital role in boosting the product demand.
Which Fire Detector and Alarm Type Turns Out Highly Lucrative?
Heat Detectors to Remain Highly Sought After
Fire detectors are further categorized into heat, smoke, and flame detectors. Heat detectors will witness the fastest CAGR exceeding 8% over the forecast period. Heat detectors are a preferred choice where the ambient temperature is high or for areas with rapid temperature changes. These areas could include garages, mechanical rooms, storage facilities, and commercial kitchens, among others.
The smoke detectors segment accounts for a revenue share of more than 45%. Smoke detectors are often used in areas to detect smoldering slow fire, such as residential apartments or commercial facilities. Advancements in technology have led to the development of intelligent or smart smoke detectors and will play a vital role in boosting product sales. Furthermore, the introduction of innovative products with a longer life span and better cost-efficiency has helped keep the segment demand afloat for the last few years.
Which Application Area is projected to Gain Traction in the Market?
Demand to be Highest across the Commercial Segment
Fire alarm & detection systems are an integral part of industrial, commercial, and residential areas. The commercial segment captured the highest revenue share of more than 44% in 2022 and is estimated to maintain its leading position throughout the forecast period.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
The competitive landscape of the fire alarm and detection market is shaped by product innovation and strategic mergers & acquisitions. Front Runners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies.
- In October 2020, Honeywell launched the first tools from its new suite of Connected Life Safety Services (CLSS), its first all-in-one cloud platform for fire safety systems.
- Honeywell's CLSS suite of tools, built on the Honeywell Forge platform, enables fire technicians to minimize disruption, prove compliance and reduce the time needed for design, installation, commissioning, inspection, maintenance, and reporting of life safety systems.
Fire Alarm and Detection Market Report Scope
| Report Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2015 to 2021 |
| Market Analysis | US$ Mn for Value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; MEA |
| Key Countries Covered | U.S., Canada, Germany, U.K., France, Italy, BENELUX, Nordics, China, Japan, South Korea, Brazil, Mexico, GCC, South Africa, Turkey |
| Key Market Segments Covered | Product Type, Fire Detector Type, Application, Region |
Key Market Segments in Fire Alarm and Detection Industry Research
-
By Product
- Fire Detectors
- Fire Alarms
-
By Type
- Flame Detectors
- Smoke Detectors
- Heat Detectors
-
By Fire Alarms Type
- Audible Alarms
- Visual Alarms
- Manual Call-points
-
By Application
- Commercial
- Industrial
- Residential
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Key Success Factors
- 6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Product
- 8.1. Fire Detectors
- 8.1.1. Flame Detectors
- 8.1.2. Smoke Detectors
- 8.1.3. Heat Detectors
- 8.2. Fire Alarms
- 8.2.1. Audible Alarms
- 8.2.2. Visual Alarms
- 8.2.3. Manual Call-points
- 8.1. Fire Detectors
- 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application
- 9.1. Commercial
- 9.2. Industrial
- 9.3. Residential
- 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. Asia Pacific
- 10.5. Middle East and Africa (MEA)
- 11. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 12. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 13. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 14. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 15. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 16. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. Eaton Corp.
- 18.2. Robert Bosch GmbH
- 18.3. Halma plc
- 18.4. United Technologies Corp.
- 18.5. Siemens AG
- 18.6. Nittan Co., Ltd.
- 18.7. Napco Security Technologies
- 18.8. Johnson Controls International plc
- 18.9. Hochiki Corporation
- 18.10. Honeywell International Inc.
- 19. Assumptions and Acronyms Used
- 20. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn), By Product, 2015 to 2021
Table 2: Global Market Value (US$ Mn), By Product, 2022 to 2032
Table 3: Global Market Value (US$ Mn), By Application, 2015 to 2021
Table 4: Global Market Value (US$ Mn), By Application, 2022 to 2032
Table 5: Global Market, By Region, 2015 to 2021
Table 6: Global Market, By Region, 2022 to 2032
Table 7: North America Market Value (US$ Mn), By Product, 2015 to 2021
Table 8: North America Market Value (US$ Mn), By Product, 2022 to 2032
Table 9: North America Market Value (US$ Mn), By Application, 2015 to 2021
Table 10: North America Market Value (US$ Mn), By Application, 2022 to 2032
Table 11: North America Market, By Country, 2015 to 2021
Table 12: North America Market, By Country, 2022 to 2032
Table 13: Latin America Market Value (US$ Mn), By Product, 2015 to 2021
Table 14: Latin America Market Value (US$ Mn), By Product, 2022 to 2032
Table 15: Latin America Market Value (US$ Mn), By Application, 2015 to 2021
Table 16: Latin America Market Value (US$ Mn), By Application, 2022 to 2032
Table 17: Latin America Market, By Country, 2015 to 2021
Table 18: Latin America Market, By Country, 2022 to 2032
Table 19: Europe Market Value (US$ Mn), By Product, 2015 to 2021
Table 20: Europe Market Value (US$ Mn), By Product, 2022 to 2032
Table 21: Europe Market Value (US$ Mn), By Application, 2015 to 2021
Table 22: Europe Market Value (US$ Mn), By Application, 2022 to 2032
Table 23: Europe Market, By Country, 2015 to 2021
Table 24: Europe Market, By Country, 2022 to 2032
Table 25: Asia Pacific Market Value (US$ Mn), By Product, 2015 to 2021
Table 26: Asia Pacific Market Value (US$ Mn), By Product, 2022 to 2032
Table 27: Asia Pacific Market Value (US$ Mn), By Application, 2015 to 2021
Table 28: Asia Pacific Market Value (US$ Mn), By Application, 2022 to 2032
Table 29: Asia Pacific Market, By Country, 2015 to 2021
Table 30: Asia Pacific Market, By Country, 2022 to 2032
Table 31: MEA Market Value (US$ Mn), By Product, 2015 to 2021
Table 32: MEA Market Value (US$ Mn), By Product, 2022 to 2032
Table 33: MEA Market Value (US$ Mn), By Application, 2015 to 2021
Table 34: MEA Market Value (US$ Mn), By Application, 2022 to 2032
Table 35: MEA Market, By Country, 2015 to 2021
Table 36: MEA Market, By Country, 2022 to 2032
Table 37: Global Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 38: Global Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 39: Global Market Incremental $ Opportunity, By Region, 2022 to 2032
Table 40: North America Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 41: North America Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 42: North America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 43: Latin America Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 44: Latin America Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 45: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 46: Europe Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 47: Europe Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 48: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 49: Asia Pacific Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 50: Asia Pacific Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 51: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 52: MEA Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 53: MEA Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 54: MEA Market Incremental $ Opportunity, By Country, 2022 to 2032
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List Of Figures
Figure 1: Global Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Mn
Figure 3: Global Market Share, By Product, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Product to 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Product to 2022 to 2032
Figure 6: Global Market Share, By Application, 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Application to 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Application to 2022 to 2032
Figure 9: Global Market Share, By Region, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Region to 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Region to 2022 to 2032
Figure 12: North America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 13: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 14: North America Market Share, By Product, 2022 & 2032
Figure 15: North America Market Y-o-Y Growth Projections, By Product to 2022 to 2032
Figure 16: North America Market Attractiveness Index, By Product to 2022 to 2032
Figure 17: North America Market Share, By Application, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Projections, By Application to 2022 to 2032
Figure 19: North America Market Attractiveness Index, By Application to 2022 to 2032
Figure 20: North America Market Share, By Country, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Country to 2022 to 2032
Figure 23: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 24: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 25: Latin America Market Share, By Product, 2022 & 2032
Figure 26: Latin America Market Y-o-Y Growth Projections, By Product to 2022 to 2032
Figure 27: Latin America Market Attractiveness Index, By Product to 2022 to 2032
Figure 28: Latin America Market Share, By Application, 2022 & 2032
Figure 29: Latin America Market Y-o-Y Growth Projections, By Application to 2022 to 2032
Figure 30: Latin America Market Attractiveness Index, By Application to 2022 to 2032
Figure 31: Latin America Market Share, By Country, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 33: Latin America Market Attractiveness Index, By Country to 2022 to 2032
Figure 34: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 35: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 36: Europe Market Share, By Product, 2022 & 2032
Figure 37: Europe Market Y-o-Y Growth Projections, By Product to 2022 to 2032
Figure 38: Europe Market Attractiveness Index, By Product to 2022 to 2032
Figure 39: Europe Market Share, By Application, 2022 & 2032
Figure 40: Europe Market Y-o-Y Growth Projections, By Application to 2022 to 2032
Figure 41: Europe Market Attractiveness Index, By Application to 2022 to 2032
Figure 42: Europe Market Share, By Country, 2022 & 2032
Figure 43: Europe Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 44: Europe Market Attractiveness Index, By Country to 2022 to 2032
Figure 45: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 46: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 47: MEA Market Share, By Product, 2022 & 2032
Figure 48: MEA Market Y-o-Y Growth Projections, By Product to 2022 to 2032
Figure 49: MEA Market Attractiveness Index, By Product to 2022 to 2032
Figure 50: MEA Market Share, By Application, 2022 & 2032
Figure 51: MEA Market Y-o-Y Growth Projections, By Application to 2022 to 2032
Figure 52: MEA Market Attractiveness Index, By Application to 2022 to 2032
Figure 53: MEA Market Share, By Country, 2022 & 2032
Figure 54: MEA Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 55: MEA Market Attractiveness Index, By Country to 2022 to 2032
Figure 56: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 57: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 58: Asia Pacific Market Share, By Product, 2022 & 2032
Figure 59: Asia Pacific Market Y-o-Y Growth Projections, By Product to 2022 to 2032
Figure 60: Asia Pacific Market Attractiveness Index, By Product to 2022 to 2032
Figure 61: Asia Pacific Market Share, By Application, 2022 & 2032
Figure 62: Asia Pacific Market Y-o-Y Growth Projections, By Application to 2022 to 2032
Figure 63: Asia Pacific Market Attractiveness Index, By Application to 2022 to 2032
Figure 64: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 65: Asia Pacific Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 66: Asia Pacific Market Attractiveness Index, By Country to 2022 to 2032
Figure 67: US Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 68: US Market Share, By Product, 2021
Figure 69: US Market Share, By Application, 2021
Figure 70: Canada Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 71: Canada Market Share, By Product, 2021
Figure 72: Canada Market Share, By Application, 2021
Figure 73: Brazil Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 74: Brazil Market Share, By Product, 2021
Figure 75: Brazil Market Share, By Application, 2021
Figure 76: Mexico Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 77: Mexico Market Share, By Product, 2021
Figure 78: Mexico Market Share, By Application, 2021
Figure 79: Germany Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 80: Germany Market Share, By Product, 2021
Figure 81: Germany Market Share, By Application, 2021
Figure 82: U.K. Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 83: U.K. Market Share, By Product, 2021
Figure 84: U.K. Market Share, By Application, 2021
Figure 85: France Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 86: France Market Share, By Product, 2021
Figure 87: France Market Share, By Application, 2021
Figure 88: Italy Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 89: Italy Market Share, By Product, 2021
Figure 90: Italy Market Share, By Application, 2021
Figure 91: BENELUX Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 92: BENELUX Market Share, By Product, 2021
Figure 93: BENELUX Market Share, By Application, 2021
Figure 94: Nordic Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 95: Nordic Countries Market Share, By Product, 2021
Figure 96: Nordic Countries Market Share, By Application, 2021
Figure 97: China Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 98: China Market Share, By Product, 2021
Figure 99: China Market Share, By Application, 2021
Figure 100: Japan Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 101: Japan Market Share, By Product, 2021
Figure 102: Japan Market Share, By Application, 2021
Figure 103: South Korea Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 104: South Korea Market Share, By Product, 2021
Figure 105: South Korea Market Share, By Application, 2021
Figure 106: GCC Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 107: GCC Countries Market Share, By Product, 2021
Figure 108: GCC Countries Market Share, By Application, 2021
Figure 109: South Africa Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 110: South Africa Market Share, By Product, 2021
Figure 111: South Africa Market Share, By Application, 2021
Figure 112: Turkey Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 113: Turkey Market Share, By Product, 2021
Figure 114: Turkey Market Share, By Application, 2021
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What was the market value for fire alarm and detection in 2021?
As per Fact.MR, the fire alarm and detection market was valued at US$ 28 Bn in 2021
What is the anticipated market value for fire alarm and detection systems in 2022?
By 2022-end, fire alarm and detection sales are forecast to be valued at US$ 29.68 Bn
What was the value CAGR for fire alarm and detection market from 2015 to 2021?
From 2015 to 2021, sales of fire alarm and detection systems expanded at a CAGR of 6.3%
What is the expected CAGR for fire alarm and detection market until 2032?
Fact.MR’s projects the fire alarm and detection market to grow at a 6% value CAGR from 2022-2032
What is the projected market value of fire alarm and detection in 2032?
As of 2032, demand for fire alarm and detection is anticipated to reach US$ 53.15 Bn
What is the growth outlook for fire alarm and detection market in Europe?
In Europe, the market for fire alarm and detection is projected to flourish at a CAGR of 7.4%
What are the expansion prospects for fire alarm and detection systems in the Asia Pacific?
Around 45% of the global fire alarm and detection revenue is to be contributed by the Asia-Pacific region
Which segment accounts for high sales of fire alarm and detection?
The fire detectors product segment accounted for the highest revenue share of more than 50%.
Fire Alarm and Detection Market