The Fire Alarm and Detection Market is expected to witness a CAGR of approximately 6.1% during the forecast period, 2022-2029.

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Key Drivers

The key factors contributing to the growth of the fire alarm and detection market include the increasing growth of smart cities across the globe and the rising awareness among individuals about safety against fire incidents. Rapid growth in industrialization, along with the developments of several industries including petro-chemical, gas extraction, automobile, chemical manufacturing, mining and construction industries that use raw materials and chemicals which are flammable and fire-prone, are further stimulating the demand of fire alarms and detectors in the market.

Continuous improvement in the construction industry and the development of commercial and residential infrastructures throughout the globe has been fostering the growth of the industry. Technological advancement and the introduction of the wireless and addressable system and other features such as individual smoke detector sensitivity adjustment, drift compensation, and maintenance-needed indication have increased the ability of the systems which is expected to provide huge growth opportunities for the development of the market. However, fluctuation in the prices of raw materials, high cost, and low awareness among consumers are the factors that may hamper the growth of the market over the forecast period.

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Component – Segment Analysis

Based on the product, the market is segmented into fire alarm and fire detector. The fire detector segment is expected to grow at a higher CAGR during the forecast period primarily due to the early detection of the gas leak, smoke, heat, and fire and capability of communicating quickly and effectively in the event of an emergency. Additionally, smart fire detectors can be linked to the smart home panel and are controlled from smartphones. This factor is further expected to propel the market growth.

Fire Alarm Type – Segment Analysis

Based on the fire alarm type, the market is segmented into audible alarms, visual alarms, and manual call-points. The audible alarms is anticipated to dominate the market during the forecast period owing to the increasing demand for voice alarm systems in the case of smoke, heat, or fire, which helps in allowing the occupants of the building to leave the place immediately when they hear a different sound. Moreover, the growing adoption of PAVA (Public Address & Voice Alarm Systems) systems across commercial buildings and benefit of audible alarms that ensure visually impaired and people with limited hearing are aware of the fire for evacuating the place. This feature of the segment is driving its demand in the coming years.

Fire Detector Type – Segment Analysis

Based on the fire detector type, the market is segmented into flame detectors, smoke detectors, and heat detectors. The heat detector segment is anticipated to grow at a faster CAGR during the forecast period. This can be attributed to the rising incidences of fire, along with the increasing utilization of heat detectors in commercial and industrial buildings, including warehouses, auditoriums, hospitals, garages, manufacturing infrastructures, industrial spaces, and others. Additionally, heat detectors act as a reliable fire detection device in a dusty or dirty environment and are primarily used to trigger sprinkler systems due to their low incidence of false alarm. All these factors are projected to augment the segment growth during the forecast period.

Application – Segment Analysis

Based on the application, the market is segmented into commercial, industrial, and residential. The commercial segment is expected to grow at a faster CAGR owing to the increase in the application and usage of fire alarms and detectors in various sectors that includes telecommunication, IT, education, retail, healthcare, BFSI, government, and hospitality sectors. Increasing government regulations towards proper safety adequacy and installation in commercial buildings, along with the rising inclination of consumers for ensuring the safety and security of people as well as infrastructure are further propelling the market growth.

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Regional – Segment Analysis

Based on the region, Asia-Pacific region is anticipated to dominate the fire alarm and detection market during the forecast period owing to the surging construction sector and the implementation of stringent safety regulations for the safety of buildings in the region. Additionally, the rise in per capita disposable incomes, along with the increasing consumer spending on safety and security against fire hazards is further propelling the demand of fire alarm and detections, thereby, driving the growth of the market in the region. Growing population and rising number of residential buildings in developing countries China, Japan, India, and South Korea are boosting the growth of the fire alarm and detection market over the forecast period.

Top Market Players

Various notable players operating in the global fire alarm and detection market include Honeywell International Inc., Napco Security Technologies, Inc., Halma Plc, Robert Bosch GmbH, Johnson Controls International Plc, Nittan Company, Limited, Hochiki Corporation, Space Age Electronics, Gentex Corporation, and Eaton Corporation Plc, among other companies. 

Key Developments: 

• • In 2020, Napco Security Technologies, Inc. launched iSecure Complete Cellular Alarm Systems. The iSecure alarm system is a professional-grade security system, that offers remote Smart App & notification alerts. Additionally, it provides the choice of wireless keypad, security touchscreen, connected home touchscreen, and includes two wireless window/door sensors and wireless PIR. This launch is expected to enhance the product portfolio of the company.
  • In 2020, Halma Plc acquired 70 per cent shares of FireMate Software Pty. Ltd., an Australian company that provides cloud-based fire protection maintenance software to fire contractors. The acquisition aimed to expand the infrastructure safety business of Halma Plc.
  • In 2017, Honeywell International Inc. acquired a privately held company, SCAME Sistemi, s.r.l., one of the leading providers of fire extinguishing systems and all-in-one systems delivering management of fire and gas detection. This acquisition focuses on adding new fire and gas safety capabilities to Honeywell’s Connected Building solutions portfolio.

Segments covered in the Report:

The global Fire Alarm and Detection market has been segmented on the product, fire alarm type, fire detector type, application, and region. Based on the component, the market is segmented into fire alarm and fire detector. Based on the fire alarm type, the market is segmented into audible alarms, visual alarms, and manual call-points. Based on the fire detector type, the market is segmented into flame detectors, smoke detectors, and heat detectors. Based on the application, the market is segmented into commercial, industrial, and residential.

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Key questions answered in this research report:

• • At what pace is global Fire Alarm and Detection market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Fire Alarm and Detection market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Fire Alarm and Detection market?
  • Which component generated maximum revenues in 2021 and identify the most promising component during the forecast period?
  • What are the various applications of global Fire Alarm and Detection market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD Million
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Component, By Fire Alarm Type, Fire Detector Type, By Application, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Honeywell International Inc., Napco Security Technologies, Inc., Halma Plc, Robert Bosch GmbH, Johnson Controls International Plc, Nittan Company, Limited, Hochiki Corporation, Space Age Electronics, Gentex Corporation, and Eaton Corporation Plc among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Fire Alarm and Detection Market by Component

• • Fire Alarms
  • Fire Detectors

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 Detector Type

• • Flame Detectors
  • Smoke Detectors
  • Heat Detectors

Global Fire Alarm and Detection Market by Application

• • Commercial
  • Industrial
  • Residential

Global Fire Alarm and Detection Market by Region

• • North America Fire Alarm and Detection Market (Option 1: As a part of the free 25% customization)
    • By Component
    • By Fire Alarm Type
    • By Fire Detector Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Fire Alarm and Detection Market (Option 2: As a part of the free 25% customization)
    • By Component
    • By Fire Alarm Type
    • By Fire Detector Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Fire Alarm and Detection Market (Option 3: As a part of the free 25% customization)
    • By Component
    • By Fire Alarm Type
    • By Fire Detector Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Fire Alarm and Detection Market (Option 4: As a part of the free 25% customization)
    • By Component
    • By Fire Alarm Type
    • By Fire Detector Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Fire Alarm and Detection Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Honeywell International Inc.
  • Napco Security Technologies, Inc.
  • Halma Plc
  • Robert Bosch GmbH
  • Johnson Controls International Plc
  • Nittan Company, Limited
  • Hochiki Corporation
  • Space Age Electronics
  • Gentex Corporation
  • Eaton Corporation Plc