Fire Alarm and Detection System Market

Market Overview:

The global fire alarm and detection system market is expected to exhibit a growth rate (CAGR) of 7.7% during 2023-2028.

A fire alarm and detection system is used for sounding an alarm in case of gas leaks or fire. It consists of an electronic alarm, printed circuit board, sensing chamber and polystyrene plastic casing. It is commonly available in smoke, multi-sensor, carbon monoxide and heat detector variants. The system senses fire or smoke and sounds a warning for the occupants and simultaneously alerts the staff monitoring station to initiate the evacuation procedure. Fire alarm and detection systems aid in the early detection of threats and can be conveniently installed in enclosed spaces, thereby minimizing the risks of fatal fire accidents. As a result, these systems are widely installed in residential and commercial complexes, such as industrial hubs, factories, hotels, shopping malls and restaurants.

Fire Alarm and Detection System Market Trends:

The widespread product adoption in the residential sector across the globe is one of the key factors driving the growth of the market. Fire alarm and detection systems are widely used to continuously monitor the building and surrounding areas for fire outbreaks. Additionally, the increasing product deployment in educational institutes is favoring the market growth. Fire alarm and detection systems are extensively used to assist in detecting smoking in restrooms and fire in laboratories to ensure the safety of the children. Moreover, various product innovations, such as the launch of wireless systems, are providing a thrust to the market growth. These systems are integrated with the Internet of Things (IoT) and artificial intelligence (AI) solutions to monitor ambient temperatures, send real-time notifications to the fire departments and avoid false alarms. Other factors, including the increasing construction of smart buildings, along with the implementation of various government initiatives to promote fire safety and security, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global fire alarm and detection system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, detection technology, offering, connectivity and end user.

Breakup by Product Type:

• Fire Alarm
  • Audible Alarms
  • Visual Alarms
  • Manual Call-points
• Detectors
  • Flame Detectors
  • Smoke Detectors
  • Heat Detectors
     

Breakup by Detection Technology:

• Addressable 
• Conventional
   

Breakup by Offering:

• Hardware
  • Control Panels
  • Sensors and Initiating Components
  • Notification and Audio Components
  • Others
• Software
   

Breakup by Connectivity:

• Wired
• Wireless
   

Breakup by End User:

• Commercial
• Residential
• Industrial
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Carrier Global Corporation, Channel Safety Systems Limited, Eaton Corporation PLC, Fike Corporation, Haes Technologies Ltd, Halma PLC, Hochiki Corporation, Honeywell International Inc., Napco Security Technologies Inc., Nittan Co. Ltd (Secom Co. Ltd.), NSC Sicherheitstechnik GmbH and Siemens AG.

Report Coverage:

Key Questions Answered in This Report:

• How has the global fire alarm and detection system market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global fire alarm and detection system market?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the detection technology?
• What is the breakup of the market based on the offering?
• What is the breakup of the market based on the connectivity?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global fire alarm and detection system market and who are the key players?
• What is the degree of competition in the industry?