The Fire Alarm Equipment Market size was valued at USD 35.81 Billion in 2023 and the total Fire Alarm Equipment Market revenue is expected to grow at a CAGR of 6.76% from 2024 to 2030, reaching nearly USD 56.61 Billion.
Fire Alarm Equipment Market Overview:
The Fire Alarm Equipment Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Fire A... moreThe Fire Alarm Equipment Market size was valued at USD 35.81 Billion in 2023 and the total Fire Alarm Equipment Market revenue is expected to grow at a CAGR of 6.76% from 2024 to 2030, reaching nearly USD 56.61 Billion.
Fire Alarm Equipment Market Overview:
The Fire Alarm Equipment Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Fire Alarm Equipment Market, as well as the causes for variances in the industry’s growth in various places
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Fire Alarm Equipment Market Drivers:
The total property damage amounted to an expected US$ 15.9 billion in US, underscoring the analytical need for effective fire detection and alarm systems. Mandatory regulations recognized by the National Fire Protection Association (NFPA) mandate the installation of robust fire alarm systems in both residential and commercial spaces. NFPA 72, also known as the National Fire Alarm and Signaling Code, is updated every three years and serves as the standard for fire alarm and emergency communication systems installation in the U.S. Federal, state, and local authorities across the country have adopted NFPA 72, further reinforcing the enforcement of fire code regulations. These factors are poised to significantly drive the growth of the fire alarm equipment market in this region.
Several industry players are channeling investments into the development of such technologies. For instance, Honeywell International Inc. has introduced innovative solutions like the 5104-fire control communicator and a six-zone fire alarm communicator. These offerings facilitate digital fire reporting through conventional telephone lines. The fire control communicator serves dual purposes - it either monitors existing local fire alarm control panels or operates as a standalone unit for sprinkler supervisory functions.
Product
Smoke detectors
Heat detectors
Flame detectors
Notification devices
Control panels
Others (I/O modules)
Service
Installation and design
Maintenance and testing
Monitoring services
Others
by Installation Type
New installations
Retrofit installation
by Application
Residential
Commercial
Industrial
by System Type
Conventional systems
Addressable systems
Intelligent Systems
Fire Alarm Equipment Market Key Players: The key players are
1. ABB - Switzerland
2. Advanced Electronics Ltd - United Kingdom
3. Apollo Fire Detectors Ltd - United Kingdom
4. Bosch Security Systems GmbH - Germany
5. Eaton - Ireland
6. Fike Corporation - United States
7. Gentex Corporation - United States
8. Haes Technologies Ltd. - United Kingdom
9. HOCHIKI Corporation - Japan
10. Honeywell International Inc. - United States
11. Johnson Controls - Ireland
12. Kentec Electronics Ltd. - United Kingdom
13. Mircom Group of Companies - Canada
14. Nittan Company Ltd - Japan
15. Nohmi Bosai Ltd. - Japan
16. Ravel Electronics Pvt. Ltd - India
17. Schneider Electric - France
18. Securiton AG - Switzerland
19. Shenzhen HTI Sanjiang Electronics Co., Ltd. - China
20. Siemens - Germany
21. Smith & Sharks Pvt Ltd - India
22. Zeta Alarms Limited - United Kingdom
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Fire Alarm Equipment Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Fire Alarm Equipment Market Report are:
1. What are the growth drivers for the Global Market?
2. What are the major restraints for the Global Fire Alarm Equipment Market growth?
3. Which region is expected to lead the Global Fire Alarm Equipment Market during the forecast period?
4. What is the projected market size & and growth rate of the Global Fire Alarm Equipment Market?
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