Fire Alarm And Detection Market Scope
Continuous development of smart cities and increasing awareness about safety is boosting Fire alarm and detection market globally. According to the National Fire Protection Association ‘Structure fire particularly causes extensive damage’. Fire alarm and detection systems help to identify fire incidents at an early stage alerting by visual or audio indicators to evacuate the place. It is designed to identify the presence of a smoke, gas leak, fire, and heat. These systems have the ability to respond immediately to any fire accidents which reduces extensive damages caused due to fire.
|Largest Market||North America|
|Unit||Value (USD Million)|
|Key Companies Profiled||Johnsons Controls (Ireland), United Tech. (United States), Emersion Electric Co. (United States), Gentex (United States), Halma PLC. (U.K), Hochiki Corp. (Japan), Honeywell International, Inc. (United States), Robert Bosch GmbH (Germany), Minimax USA LLC (Germany), Tyco International PLC (Ireland), Siemens AG (Germany), Napco security tech. (United States) and VFP Fire Systems (United States)|
The market is fragmented by numerous players and they are involved in active participation in improving their product portfolios by providing the best fire detection system keeping in mind the safety concerns. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Fire Alarm And Detection market throughout the predicted period.
Johnsons Controls (Ireland), United Tech. (United States), Emersion Electric Co. (United States), Gentex (United States), Halma PLC. (U.K), Hochiki Corp. (Japan), Honeywell International, Inc. (United States), Robert Bosch GmbH (Germany), Minimax USA LLC (Germany), Tyco International PLC (Ireland), Siemens AG (Germany), Napco security tech. (United States) and VFP Fire Systems (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Fire Suppression Limited (U.K), Sterling Safety Systems (U.K) and Schark Seconet AG (Austria).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Fire Alarm And Detection market by Type , by Application (Commercial, Industrial and Residential) and Region with country level break-up. On the basis of Type, Passive are dominating the market in the year 2022
On the basis of application, Commercial segment is dominating the market in the year 2022
On the basis of geography, the market of Fire Alarm And Detection has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In December 2021, Honeywell announced acquired privately held US Digital Designs, Inc., a Tempe, Ariz.-based company, for a purchase multiple of 14X EBITDA in an all-cash transaction. The company delivers alerting and dispatch communications solutions, which enhance first responders' efficacy and enable faster emergency response times.
In August 2022, Honeywell announced the launch of the Morley MAx fire detection and alarm system that helps improve building and occupant safety. The compact, powerful, performance-driven intelligent fire alarm control panel offers installers and end users a technically advanced range of functions that is easy to install, commission, and maintain. The system features an advanced 7-inch touchscreen panel, providing a highly intuitive and ergonomic user interface. The panel displays color-coded events and graphical icons
Influencing Trend:Implementation of destination based elevators used in commercial buildings which helps in avoiding the huddling over in the elevators in the peak hours and Implementation of IoT in the elevators which will help in analyzing the data of elevators and will respond quickly in case of any problem.
Market Growth Drivers:Strict rules by the government to implement such a system to detect fire at an early stage, Increasing growth of the smart cities globally, Increasing awareness about safety against fire incidents and Increasing deaths and loss of property due to fire breakouts.
Challenges:Incorporation of user interfaces with fire protection solutions.
Restraints:The unexpected failure of fire alarm system and High cost for maintenance and installation for fire detection system.
Opportunities:Technological advancements have increased the ability of fire detection systems to deliver faster response hence eliminating the chances of extensive damage, which has opened new opportunities to the market players, Rapid development of smoke detectors, IoT and big data. and Increasing use of water mist systems.
Key Target AudienceDesigners and manufacturers of fire protection systems, Fire protection systems software providers, Fire protection system product providers, Fire protection system service providers, Government bodies such as regulatory authorities and policymakers, Research organizations, associations, and consulting companies, System integrators of fire protection systems and Technology consultants