The global fire alarm system market is expected to witness a significant growth during the forecast period 2020-2021. Increasing requirement for oil and gas industry, energy, power, automotive industry, etc., is encouraging the consumers to adopt for fire alarm systems. Rapidly growing construction industries and spending on infrastructure by government and private sectors and installing smoke alarm and detection systems in building, etc. are contributing towards the lucrative growth of fire alarm market. Prominent players in the industry include Johnson Controls, Honeywell, Siemens, Bosch, Hochiki, Gentex, Encore Fire Protection, Security Technologies, S&S Fire Suppression Systems, Napco Security, Minimax Viking, Securiton, Halma, Robert Bosch, etc.
Johnson Controls in September 2020 opened a 50$ million OpenBlue Innovation Center for creating a next generation built environment in Singapore. The development is done with partnering NUS and Microsoft. The digital innovation centre is made for well ness and to develop solutions to improve sustainability. The company aims to develop more advanced digital solutions in future which are capable of improving performance, reliability, safety, and energy usage of buildings and its occupants. Other centres are also designed to escalate the urban lifestyle.
The intelligent fire safety system by Honeywell is an addressable fire detection system which offers reliable detection performance. The system is easy to install and detects fire very fast. The fire detection system is compact highly reliable and high in performance. It can be used in small as well as medium sized buildings. The fire detection system is independently tested meeting fire detection needs of modern high performance establishments.
Global Fire Alarm Systems Market: Overview
Fire alarm systems are designed to discover the presence of fire, smoke, or the presence of a harmful gas in a vicinity and warn people through audio and visual appliances regarding the need to evacuate the premises. These alarms may be directly automated from heat and smoke detectors and may also activated manually via fire alarm devices such as pull stations or through speaker strobes sounding an alarm. The installation of fire alarms is compulsory in a variety of commercial, residential, and industrial setups as a part of safety guidelines in a number of countries.
To comply with regulations such as the BS-fire 2013, fire alarms are tested on a weekly basis in places where they are installed in the UK. Thus the overall demand for fire alarm systems remains high across the globe. In the past few years, the market for fire alarm systems has witnessed vast developments in terms of technological advancements. The rising number of companies in the market continue to push fire alarm systems in terms of technological evolution. In the near future, as fire hazard safety compliances become stricter in emerging economies, the demand for fire alarm systems is likely to improve, which is expected to drive the global fire alarm systems market.
A comprehensive research report by Fact.MR encapsulates valuable insights on the global fire alarm systems market and offers crucial information pertaining to its growth prospects during the period 2018 to 2027. Perspectives offered in the research report highlight major concerns of leading manufacturers, and impact of innovative technology on demand for fire alarm systems. On account of current trends and market scenario, the report imparts forecast and accurate analysis on the fire alarm systems market.
The comprehensive research report acts as a valuable business document for the leading market players operating in the fire alarm systems market globally. Fire alarm systems that are integrated with ionization technology have been popular for years and are expected to witness steady adoption during the assessment period. As fire detector systems are becoming more technologically advanced, leading companies across industries are seeking effective fire detection systems that align with the environment and their working conditions. To cater fragmented requirements of the end users across industries, leading manufacturers are focusing on developing innovative fire alarm systems such as dual sensing alarms.
Manufacturers to Address Concerns of End-Use Industries through Innovative Technology
Rapid advancements in technology have pushed the concept of fire detection beyond a life-saving system. Increasingly, leading companies such as Kidde KN-COSM-BA and First Alert are adopting fire alarm systems equipped with optical technology and dual sensing technology to ensure employee security and warehouse maintenance. As technological developments redefine various industrial requirements, these companies are focusing on developing fire alarm systems specific to the operations and working conditions of the end-use industries such as high rise security systems.
With fragmented demands across various industries, lucrative growth opportunities exist in the development of application-specific fire alarm systems for key market players. In order to offer enhanced security and industry-specific requirements of customers, manufacturers such as Cooper Wheelock and Gentex are concentrating on incorporating dual sensing technology with multi-winged structure for the commercial, warehousing, and residential settings approved by National Fire Protection Association (NFPA).
Developing High-End Security Solutions with Intelligent Features
Delayed detection and false alarm rings can cost various lives and company stocks. As the need for quick detection and notification system persist in the residential and commercial complexes, major manufacturers such as Notifier and System Sensors are focusing on integrating intelligent notification features in the fire alarm systems. With the incorporation of intelligent notification features, the fire alarm can notify occupants, visitors, and employees with the Emergency Voice Alarm Communication (EVAC) techniques. In addition, these systems direct the occupants towards the closest route to evacuation during an emergency.
To improve their position in the competitive market, companies are focusing on offering fire detection systems equipped with features such as multiple gas and radiation monitors and photonic sensing technology that detect harmful gases and smoke. Also, leading manufacturers are incorporating intelligent features that offer features such as emergency door holders and emergency elevator recall system for the convenience and safety of customers.
Commercial and Residential Industry to Witness Significant Adoption Rate
Of various industries, adoption of the fire alarm system continues to remain concentrated in the residential and commercial buildings. Constructors and building surveyors are ensuring that the buildings and commercial complexes are equipped with effective fire alarm systems.
Building surveyors are pitching in the architectural developments and procedures to decide on allocating fire alarm systems in the areas where accidents can be quickly and easily detected. In addition, constructors are focusing on installing fire alarm systems that can instantly intimate the fire stations on detecting smoke or fire. For instance, LifeShield, a direct TV company has patented its Fire Safety Sensors that operate with both the battery-powered and hardwired smoke detectors. When the fire or smoke is detected, the fire alarm system reacts by dispatching the fire station quickly.
Overall, the research report is a valuable source of information and insights on the fire alarm systems market. Stakeholders in the market can expect valuable analysis that can help them in understand the nuanced factors in this landscape.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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