Fire Alarm and Detection Market – Global Opportunities & Forecast, 2020-2027

The GMI Research’s market research report is a professional and in-depth study on the current state of the market, which covers numerous aspects of the industry, such as the market size, market status, market trends, and forecast. The market report also offers brief information related to the competitors and the specific growth opportunities with key market drivers.

The Fire Alarm and Detection Market drivers and trends are as follows:

The major factors driving the growth of the fire alarm and detection market include the rising growth of smart cities globally and the growing awareness among individuals about safety against fire incidents. Rapid growth in industrialization, coupled with the developments of various industries including gas extraction, petro-chemical, chemical manufacturing, automobile, mining and construction industries that use raw materials and chemicals which are flammable and fire-prone, are further increasing the demand of fire alarms and detectors in the market.

Rapid enhancement in the construction industry and the development of commercial and residential infrastructures across the globe have been bolstering the growth of the industry. Technological advancement and the launch of the wireless and addressable system and other specifications such as drift compensation, individual smoke detector sensitivity adjustment, and maintenance-needed indication have improved the ability of the systems, which is projected to offer huge growth opportunities for the development of the market. On the other hand, high cost, variations in the prices of raw materials, and low awareness among consumers are the factors restraining the growth of the market in the forecast period.

Based on the region, the Asia-Pacific region is expected to dominate the market during the forecast period due to the increasing construction sector and the implementation of strict safety regulations for the safety of buildings in the region. Moreover, the increase in per capita disposable incomes, followed by the growing consumer spending on safety and security against fire hazards, is further surging the demand for fire alarm and detections, thus, fuelling the growth of the market in the region. The increasing population and growing number of residential buildings in developing economies, such as Japan, China, India, and South Korea, are accelerating the growth of the fire alarm and detection market in the upcoming years.

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Key Benefits of the Report:

·         This report offers an analytical depiction of the fire alarm and detection market while providing the current trends and future estimations to determine the imminent investment pockets.

·         This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the fire alarm and detection market share.

·         The report also provides a detailed fire alarm and detection market analysis based on competitive intensity and how the competition will take shape over the next six years.

Various companies covered in the Fire Alarm and Detection Market report:

·         Honeywell International Inc.

·         Napco Security Technologies, Inc.

·         Halma Plc

·         Robert Bosch GmbH

·         Johnson Controls International Plc

·         Nittan Company, Limited

·         Hochiki Corporation

·         Space Age Electronics

·         Gentex Corporation

·         Eaton Corporation Plc

Segmentation of the Fire Alarm and Detection Market:

Breakup by Component:

·         Fire Alarms

·         Fire Detectors

Breakup by Fire Alarm Type:

·         Audible Alarms

·         Visual Alarms

·         Manual Call-points

Breakup by Fire Detection Type:

·         Flame Detectors

·         Smoke Detectors

·         Heat Detectors

Breakup by Application:

·         Commercial

·         Industrial

·         Residential

Breakup by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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