Market Insight: Fire Detector Market to Reach $7.1 Billion by 2025

Lucintel has announced the launch of a market research report entitled “Growth Opportunities in the Global Fire Detectors Market 2020-2025”. 

This market report for fire detector identifies and predicts future opportunities for growth in the fire detector market for various segments and for the various regions of North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for fire detector in commercial, public institution, industrial and residential sectors.   

According to our market report, the fire detector market is expected to reach an estimated $7.1 billion by 2025 with a CAGR of 6.9% from 2020 to 2025. Some of the dominant players in the fire detector market are Honeywell International Inc., Johnson Controls, United Technologies Corporation, London Security, and Hochiki. 

In the fire detector market, wired technology will remain the largest market. Wired networks are typically preferred in commercial areas and public institutions as they provides better network reliability and stability than wireless network. On the basis of its comprehensive research, Lucintel forecasts that wireless technology is expected to witness the highest growth over the forecast period due to the increasing adoption of Wi-Fi and Zigbee networks in residential and commercial industries.

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