Global Fire Alarm And Detection Market Overview:
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.
- 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
- Increasing deaths and loss of property due to fire breakouts.
- Implementation of destination based elevators used in commercial buildings which helps in avoiding the huddling over in the elevators in the peak hours
- Implementation of IoT in the elevators which will help in analyzing the data of elevators and will respond quickly in case of any problem.
- The unexpected failure of fire alarm system
- High cost for maintenance and installation for fire detection system.
- 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.
- Increasing use of water mist systems.
- Incorporation of user interfaces with fire protection solutions.
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.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Fire Suppression Limited (U.K), Sterling Safety Systems (U.K) and Schark Seconet AG (Austria). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Fire Alarm And Detection market by 2024. Considering Market by Services, the sub-segment i.e. Engineering will boost the Fire Alarm And Detection market. Considering Market by Detection Technology, the sub-segment i.e. Flame Detectors will boost the Fire Alarm And Detection market. Considering Market by Alarm devices, the sub-segment i.e. Annunciators will boost the Fire Alarm And Detection market. Considering Market by Alarm panels, the sub-segment i.e. Conventional fire alarm panels will boost the Fire Alarm And Detection market.
In August 2018, Honeywell’s New Line Of Addressable Fire Detection Devices Improves Protection For Modern Building Materials.
Fire analysis uses fire mapping and analysis software, and fire modeling and simulation software which helps to make a decision easily during a fire outbreak.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fire Alarm And Detection market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fire Alarm And Detection market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Designers 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.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.