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Fire Alarm and Detection Market Size By Fire Alarm Type (Audible Alarms, Visual Alarms, and Manual Call-Points), By Fire Detectors Type (Heat Detectors, Flame Detectors, and Smoke Detectors), By Product (Fire Alarms and Fire Detectors), Regions, Segmentation, and Projection till 2030

CAGR: 8.4%Current Market Size: USD 46 BillionFastest Growing Region: APAC

Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022

Global Fire Alarm and Detection Market- Market Overview:

The global fire alarm and detection market is expected to grow from USD 46 billion in 2022 to USD 87.6 billion by 2030, at a CAGR of 8.4% during the Projection period 2023-2030. The growth of the fire alarm and detection market is mainly driven by the rising demand for fire alarm and detection systems from fire-prone industries like oil and gas, manufacturing, utilities, automotive, mining, petrochemical, and exploration

A fire alarm and detection system sound an alarm in the event of a gas leak or a fire. It is made up of a printed circuit board, an electronic alarm, a sensor chamber, and a polystyrene plastic enclosure. It is usually available in smoke detectors, multi-sensor, carbon monoxide detectors, and heat detector varieties. When the system detects fire or smoke, it raises an alarm for the residents while also alerting the staff monitoring station to begin the evacuation procedure. Fire alarm and detection systems aid in the early identification of hazards and are easily installed in enclosed places, reducing the likelihood of deadly fire incidents. As a result, these systems are increasingly common in residential and commercial complexes such as industrial hubs, factories, hotels, shopping malls, and restaurants. One of the primary reasons driving market expansion is an extensive product use in the residential sector around the world. Fire detection and alarm systems are commonly utilized to continuously monitor the building and its surroundings for fire outbreaks. Furthermore, rising product deployment in educational institutions is boosting the market growth. To safeguard the safety of children, fire alarm and detection systems are widely utilized to assist in detecting smoking in restrooms and fire in laboratories. Furthermore, different product improvements, such as the introduction of wireless systems, are propelling market expansion.

Sample Request: - Global Fire Alarm and Detection Market

Market Dynamics:

Drivers:                          

  • Rising Fire Security Standards

The requirement is driving the market for enhanced fire safety systems in fire-prone trade environments such as petrochemical, automotive, mining, power & utility, and exploration. Furthermore, rising awareness of fire protection systems and the benefits of enhanced fire prevention technologies are fueling market expansion. Construction managers or facility owners are maintaining and protecting fire safety systems as businesses reopen in some regions of the world.

Restraints:                                             

  • High Cost of Installation

The significant initial investment required to implement fire protection equipment is a limiting factor for industry growth. This increase can be due to the increased need for sophisticated firefighting instruments. As a result, players must constantly improve their solutions and develop new technology. Enterprises are spending a lot of money to develop these technologies, rising the cost of procurement for businesses and government agents to provide complete fire security to infrastructure.

Opportunities:

  • Rising of Smoke Detectors

Because of the fast rise of smoke detectors combined with big data and IoT technologies, the integration of smoke detectors with big data and IoT technologies represents a market potential opportunity. Furthermore, smoke detectors contribute to the goal of early response, detection, and notification. Detectors are also used to trigger mechanical or electrical systems such as dampers, doors, and electronic shutdowns.

Challenges:

  • Replacement of Fire Alarms

Replacing traditional smoke detectors with smart Fire Alarm And Detection markets is expensive. The Internet of Things (IoT) and smoke detector technology's rapid progress (IoT)

Segmentation Analysis:

The global fire alarm and detection market has been segmented based on fire alarm type, fire detectors type, product, application, and region.

By Fire Alarm Type

The fire alarm type segment is audible alarms, visual alarms, and manual call-points. The audible alarms devices segment led the largest share of the fire alarm and detection market with a market share of around 55% in 2022. Audible alarms make loud noises and are intended to bring attention to a planned activity. Generally, auditory alarms are intended to warn individuals of impending threats in areas where visual indicators are insufficient to notify them. Trucks backing up or gates closing are examples of potential hazards.

By Fire Detectors Type

The fire detectors type segment is heat detectors, flame detectors, and smoke detectors. The heat detectors segment led the largest share of the fire alarm and detection market with a market share of around 40.3% in 2022. Heat detectors are the ideal answer when the ambient temperature is high or when the temperature varies quickly. Examples include garages, mechanical rooms, storage facilities, and commercial kitchens.

By Product

The product segment is fire alarms and fire detectors. The fire detectors segment led the largest share of the fire alarm and detection market with a market share of around 38.3% in 2022. The type of potential fire threat, operating area, and extent of fire fighting must all be considered while installing a fire detection system. Furthermore, the legislation requires them to give a manual call to action point to raise an alarm. These action points are used to manually raise an alarm, alerting bridge workers.

Global Fire Alarm and Detection Market - Sales Analysis.

The sale of the fire alarm and detection market expanded at a CAGR of 6.5% from 2016 to 2022.

A fire alarm system sounds an alarm to warn people when smoke, fire, carbon monoxide, or other fire-related issues are detected. Smoke and heat detectors can automatically activate these alarms, or call points or pull stations can manually activate them. Fire detection systems are intended to identify fires early in their progression when residents have ample time to safely exit the building. The majority of alarm systems send information about the location of the fire to emergency personnel, which speeds up the firefighting procedure. Fire alarm and detection equipment help to identify fires early and raises an alert via auditory or visual signs, enabling for a safe evacuation of the premises.

Fire detection and alarm systems are built in such a way that they can detect smoke, heat, or gas leaks over a vast region. The execution of severe fire safety standards established by governments across areas is a critical factor influencing the growth of this business. Other reasons, including the expansion of smart city projects and increased awareness of safety and security, are expected to improve the entire industry.

Thus, owing to the aforementioned factors, the global fire alarm and detection market is expected to grow at a CAGR of 8.4% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the fire alarm and detection market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region dominated the fire alarm and detection market and held a 38% share of the market revenue in 2022.

  • The North America region witnessed a major share. The rising need for creative constructions and intelligent spaces that provide maximum safety and protection is projected to support the fire alarm and detection market. Furthermore, rising demand for smoke detection and alarm systems is fueling the region's expansion.
  • Asia-Pacific is anticipated to experience significant growth during the Projection period. Growing urbanization has led to more construction activity, which is helping to propel this region's industry ahead. In terms of overall growth in the fire prevention system sector, APAC is a rising market, with China, Japan, and South Korea leading the way. The demand for fire prevention systems is likely to rise as technology and the economy advance. Furthermore, the region's expanding urbanization has increased construction activity, which has considerably strengthened the fire alarm and detection market. Fire safety requirements have been created by governments in this region, and the market for fire alarms and detection is likely to grow as these laws are implemented.

Global Fire Alarm and Detection Market - Country Analysis:

  • Germany

Germany's fire alarm and detection market size was valued at USD 3.45 billion in 2022 and is expected to reach USD 6.6 billion by 2030, at a CAGR of 8.5% from 2023 to 2030. Regional governments are focusing on enforcing fire safety standards based on national or state-defined objectives. Firefighter organizations in Germany, for example, are working on projects to increase the number of fire alarms and smoke detectors put in residential areas.

  • China

China’s fire alarm and detection market size was valued at USD 3.58 billion in 2022 and is expected to reach USD 7 billion by 2030, at a CAGR of 8.8% from 2023 to 2030. The National Cultural Heritage Administration (NCHA) of China discovered various flaws in the fire control systems of China's cultural heritage sites in July 2021. The inspector discovered over 140 issues in over 60 cultural categories. Electrical system safety dangers included old and damaged cables, which raised the chance of short circuits and fires. The Chinese government dispatched firefighters and supplied fire suppression devices to prevent similar fire mishaps at other cultural sites, promoting the market growth.

  • India

India's fire alarm and detection market size was valued at USD 2.7 billion in 2022 and is expected to reach USD 5.26 billion by 2030, at a CAGR of 8.7% from 2023 to 2030. India's overall economic expansion, as well as its expanding commercial sector and real estate business, fuels demand for fire and safety equipment. For example, the Government of India revealed a proposal in February 2021 to establish major textile parks around the country as part of the Center's attempts to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector. As part of the program, seven giant textile parks would be built during the next three years. So far, 59 textile parks have been approved under the concept for integrated textile parks.

Key Industry Players Analysis:

To increase their market position in the global fire alarm and detection market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.   

  • Napco Security Technologies, Inc.
  • Johnson Controls International plc.
  • Minimax USA LLC
  • Siemens AG
  • Gentex Corporation
  • United Technologies Corp.
  • Eaton Corp.
  • Tyco International PLC
  • Nittan Co., Ltd.
  • Robert Bosch GmbH
  • Halma plc.
  • Fike Corporation
  • Hochiki Corporation
  • Emersion Electric Co.
  • Honeywell International

Latest Development:

  • In March 2021, Johnson announced their first conventional fire detector with a microprocessor, the 700 series, which can monitor and precisely respond to building fire emergencies.
  • September 2022 - Siemens introduced a new digital service portfolio of fire safety digital services, the first-in-market portfolio of digital and managed services that connects fire safety systems to the cloud, allowing businesses to transition from a reactive, compliance-led approach to total protection through intelligent safety. Continuous monitoring of detector soiling levels with Fire Protection Digital Services guarantees that all fire detectors are working properly, avoiding environmental and other external risk factors from compromising the performance of fire safety systems.

Report Metrics

Report Attribute 

Details

Study Period

2022-2030

Base year

2022

CAGR (%)

8.4%

Market Size

46 billion in 2022

Projection period

2023-2030

Projection unit

Value (USD)

Segments covered

By Fire Alarm Type, By Fire Detectors Type, By Product, and By Region.

Report Scope

Revenue Projection, competitive landscape, company ranking, growth factors, and trends

Companies covered

Napco Security Technologies, Inc., Johnson Controls International plc., Minimax USA LLC, Siemens AG, Gentex Corporation, United Technologies Corp., Eaton Corp., Tyco International PLC, Nittan Co., Ltd., Robert Bosch GmbH, Halma plc., Fike Corporation, Hochiki Corporation, Emersion Electric Co., and Honeywell International.

By Fire Alarm Type

  • Audible Alarms
  • Visual Alarms
  • Manual Call-Points

By Fire Detectors Type

  • Heat Detectors
  • Flame Detectors
  • Smoke Detectors       

By Product

  • Fire Alarms
  • Fire Detectors        

Regional scope

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Scope of the Report

Global Fire Alarm and Detection Market By Fire Alarm Type:

  • Audible Alarms
  • Visual Alarms
  • Manual Call-Points

Global Fire Alarm and Detection Market By Fire Detectors Type:

  • Heat Detectors
  • Flame Detectors
  • Smoke Detectors

Global Fire Alarm and Detection Market By Product:

  • Fire Alarms
  • Fire Detectors

Global Fire Alarm and Detection Market By Region:

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
  • Asia-Pacific
    • Japan
    • China
    • India
    • Korea
    • Southeast Asia
  • South America
    • Brazil
    • Peru
  • Middle East and Africa
    • UAE
    • South Africa
    • Saudi Arabia

Frequently Asked Questions

What will be the expected market size of the fire alarm and detection market in 2030?

Global fire alarm and detection market is expected to reach USD 87.6 billion by 2030.

What is the CAGR of the fire alarm and detection market?

The fire alarm and detection market is projected to have a CAGR of 8.4%.

What is the product segment of the fire alarm and detection market?

Based on the product, the fire alarm and detection market is segmented into fire alarms and fire detectors.

What are the key factors for the growth of the fire alarm and detection market?

The requirement is driving the market for enhanced fire safety systems in fire-prone trade environments such as petrochemical, automotive, mining, power & utility, and exploration. Furthermore, rising awareness of fire protection systems and the benefits of enhanced fire prevention technologies are fueling market expansion.

Which are the leading market players active in the fire alarm and detection market?

Leading market players active in the global fire alarm and detection market are Hochiki Corporation, Carrier Global Corporation, Honeywell International Inc., Eaton Corporation PLC, Channel Safety Systems Limited, Halma PLC, Fike Corporation, Haes Technologies Ltd, Napco Security Technologies Inc., Nittan Co. Ltd (Secom Co. Ltd.), NSC Sicherheitstechnik GmbH and Siemens AG. among other