According to a new market report published by Lucintel, the future of the global fire detector market looks promising with opportunities in the commercial, public institution, industrial, and residential sectors. The global fire detector market is forecast to reach $8.1 billion by 2027 with a CAGR of 6.5% from 2021 to 2027. The major drivers for this market are growth in the construction industry and stringent government regulations for fire safety.
In this market, flame detectors, smoke detectors, and heat detectors are used in various end use industries to detect and respond to fire or flame presence. Lucintel forecasts that flame detector will remain the largest segment over the forecast period due to the increasing demand for flame detectors in the industrial sector.
Within this market, various wired and wireless communication technologies, such as ZigBee, Wi-Fi, Z-Wave, LoRaWAN, Sigfox, and NB-IOT are used in fire safety systems. Lucintel forecasts that wired technology will remain the largest market. Wired networks are mostly preferred in the commercial areas and in public institutions as they provide better network reliability and stability than wireless networks. Wireless technology is expected to witness the highest growth over the forecast period due to the increasing adoption of IoT in residential, commercial, and public institutions.
Asia Pacific is expected to become the largest region with the highest growth over the forecast period due to growing construction of new buildings, which necessitates more devices to protect assets and lives.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of multi IR detectors and the introduction of new standards to reduce false alarms. Honeywell International, Johnson Controls, United Technologies Corporation, London Security, and Hochiki are among the major fire detector manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global fire detectors market by product, application, technology, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Fire Detectors Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a trend and forecast for the global fire detectors market by products, application, technology and region as follows:
By Product [$M and Million Units shipment analysis for 2016 – 2027]:
Smoke Detector
Flame Detector
Heat and Others
By Application [$M shipment analysis for 2016 – 2027]:
Residential
Commercial
Public Institution
Industrial and others
By Technology [$M shipment analysis for 2016 – 2027]:
ZigBee
Wi-Fi
Z-Wave
Wired
LoRaWAN
Sigfox
NB-IOT
Satellite
Others
By Region [$M and Million Units shipment analysis for 2016 – 2027]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
APAC
China
India
Thailand
Indonesia
The Rest of the World
This 181-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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