Pune, March 31, 2022 (GLOBE NEWSWIRE) -- As per the report published by The Brainy Insights, the global fire alarm and detection market is expected to grow from USD 28.95 Billion in 2021 to USD 51.46 Billion by 2030, at a CAGR of 6.6% during the forecast period 2022-2030.
Fire alarm and detection is a system with many machines performing together to detect & alert people via audio & visual devices. Fire alarm and detection are generally available in multi-sensor, smoke, heat detector, and carbon monoxide variants. The alarms can be either wall-mountable horns or sounders, or motorized bells. The modern detection & signalling systems differ in sophistication from those which are simple to those that include developed detection & signalling tools. Fire detection zones are primarily a suitable way of splitting up a structure to help in fast locating the place of fire.
Request a Sample Copy of the Research Report: https://www.thebrainyinsights.com/enquiry/sample-request/12697
The increasing awareness among individuals about protection against fire incidents is expected to expand the demand for the fire alarm and detection market during the projection period. The factors such as the ongoing progress in the construction enterprises, the expansion of residential & commercial infrastructures throughout the globe, and the increased rate of fire protection system deployment in educational universities are propelling the market growth during the projection period. Additionally, rising fire-related expenditure of different corporations and the rise in loss & deaths of properties is also helping to drive the market’s growth. Furthermore, increased awareness about safety & security and the continuous technological developments in fire detection and alarming devices are also driving the market growth. Also, government initiatives & support are becoming more prevalent, along with the rising construction of smart buildings, which boost market growth during the forecast period.
Key players operating in the global fire alarm and detection market are Napco Security Technologies, Inc., Siemens AG, United Technologies Corp., Eaton Corp., Johnson Controls International plc., Nittan Co., Ltd., Robert Bosch GmbH, Honeywell International, Inc., Gentex Corporation, Halma plc., Minimax USA LLC, Fike Corporation, Tyco International PLC, Robert Bosch GmbH, Hochiki Corporation, Emersion Electric Co., and Honeywell International, and among others. To enhance their market position in the global fire alarm and detection market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint venture, collaborations, and partnership.
Quick Buy - Fire Alarm and Detection Market Research Report: https://www.thebrainyinsights.com/buy-now/12697/single
The audible alarms fire alarm type segment led the market with a market share of 40.15% and a market value of around 11.62 billion in 2021.
The fire alarm type segment is divided into visual alarms, audible alarms, and manual call-points. The audible alarms fire alarm type segment led the market with a market share of 40.15% and a market value of around 11.62 billion in 2021. This is due to the increasing adoption of PAVA (Public Address & Voice Alarm Systems) systems over commercial buildings.
The smoke detectors fire detectors type segment led the market with a market share of 41.12% and a market value of around 11.91 billion in 2021.
The fire detectors type segment is divided into heat detectors flame detectors, and smoke detectors. The smoke detectors fire detectors type segment led the market with a market share of 41.12% and a market value of around 11.91 billion in 2021. This growth is attributed to the technological improvements & creations in smoke detectors and their networking.
The fire detectors product segment led the market with a market share of 57.15% and a market value of around 16.55 billion in 2021.
The product segment is divided into fire alarms and fire detectors. The fire detectors product segment led the market with a market share of 57.15% and a market value of around 16.55 billion in 2021. This growth is attributed to the laws in several nations that promote the adoption of fire detectors.
The commercial application segment led the market with a market share of 43.13% and a market value of around 12.48 billion in 2021.
The application segment is divided into industrial, commercial, and residential. The commercial application segment led the market with a market share of 43.13% and a market value of around 12.48 billion in 2021. This growth is attributed to the increasing inclination of customers for securing the security & safety of people & infrastructure.
Schedule a Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at: https://www.thebrainyinsights.com/enquiry/speak-to-analyst/12697
Regional Segment Analysis of the Fire Alarm and Detection Market:
• North America (U.S. Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of the Europe)
• Asia-Pacific (China, Japan India, Rest of APAC)
• South America (Brazil and Rest of South America)
• Middle East and Africa (UAE, South Africa, Rest of MEA)
North America region occurred as the largest market for the global fire alarm and detection market with a market share of 40.14% and a market value of around 11.62 billion in 2021. North America currently dominates the fire alarm and detection market due to the stringent government. Furthermore, the Asia Pacific region is expected to show the fastest CAGR of 8.06% over the projection period. This growth is attributed to the gain in urbanization & industrialization. Moreover, the existence of several sensor-manufacturing enterprises will likely help the market's growth during the projection period.
About the report:
The global fire alarm and detection market is analysed based on value (USD Billion). All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.
Get more information: https://www.thebrainyinsights.com
About The Brainy Insights:
The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market.
Contact Us
Avinash D
Head of Business Development
Phone: +1-315-215-1633
Email: sales@thebrainyinsights.com
Web: http://www.thebrainyinsights.com
