Wireless Fire Detection Systems Global Market Report 2024

The wireless fire detection systems market size has grown strongly in recent years. It will grow from $2.03 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth observed during the historical period can be attributed to industry-specific applications, the integration of wireless fire detection systems with smart technologies, changes in safety and regulatory standards, and the emphasis on cost efficiency and savings.

The wireless fire detection systems market size is expected to see strong growth in the next few years. It will grow to $2.93 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The anticipated growth in the forecast period can be attributed to industry-specific requirements, cost competitiveness, regulatory compliance, integration with IoT and smart solutions, and the demand for remote accessibility and monitoring. Major trends expected in the forecast period include the adoption of enhanced safety standards, increased cost efficiency, integration with smart buildings, ease of installation and maintenance, and continuous technology evolution in wireless fire detection systems.

The wireless fire detection systems market is poised for growth, driven by the expanding construction industry. The construction sector encompasses the building and repair of various structures, with wireless fire detection systems playing a crucial role in alerting occupants to take necessary actions during a fire. Oxford Economics reports a global construction growth of 6.6% in 2021, with expectations of a further 35% growth by 2030. This surge in construction activities is a significant factor propelling the wireless fire detection systems market.

Another contributing factor to the growth of the wireless fire detection systems market is the rising demand in the manufacturing industry. The manufacturing sector, involved in converting raw materials into finished products, relies on wireless fire detection systems to enhance safety, scalability, flexibility, and compliance with regulations. In 2021, global manufacturing production saw a notable increase of 9.4%, as reported by the United Nations Industrial Development Organization. This increased demand within the manufacturing industry is a key driver for the wireless fire detection systems market.

The wireless fire detection systems market is witnessing a trend of technological advancements. Major companies in this market are actively developing new technologies to reinforce their market positions. For instance, Kentec Electronics, a UK-based manufacturer of life-critical control systems, introduced K-Mesh in January 2022. K-Mesh, a wireless detection system compatible with Kentec's addressable fire alarm panels, utilizes self-healing and configuring Mesh technology for enhanced reliability. Its innovative features include wireless sound, light, and voice command capabilities, promoting strategic building evacuation with clarity.

Companies in the wireless fire detection systems market are prioritizing innovative products to drive revenues. The SmartNet-100 range, a wireless fire detection and alarm system, is one such product aimed at providing a robust and affordable solution for small- to medium-sized projects. Cygnus Inc., a US-based manufacturer of life-saving fire protection equipment, launched the SmartNet-100 range in October 2023. This system quickly identifies and notifies users of smoke or fire dangers while eliminating the need for wired translators or boosters, offering a flexible and cost-effective solution for fire detection and alarm requirements.

In November 2021, Bosch Building Technologies, a Germany-based communications technology firm, acquired Protec Fire and Security Group Ltd. This acquisition enhances Bosch Building Technologies' presence in the European market. Protec Fire and Security Group Ltd, a UK-based manufacturer of wireless fire detection systems, adds to Bosch's capabilities in this sector.

Major companies operating in the wireless fire detection systems market report are Siemens AG, Electro Detectors Ltd., EMS Wireless Fire and Security Ltd., Sterling Safety Systems, EuroFyre Ltd., Honeywell International Inc., Halma Plc., Detectomat Systems GmbH, Robert Bosch GmbH, Tyco International Plc., Hochiki Corporation, Zeta Alarms Ltd., Ceasefire Industries Pvt. Ltd., Johnson Controls, Napco Security Technologies Inc., Argus Security SRL, Apollo Fire Detectors Limited, Wagner Group GmbH, Sensirion GmbH, Nittan Fire & Security Ltd., Potter Electric Signal Co., Fire-Dex, Fire Systems Ltd., Advanced Fire Detection Systems Ltd., Allerton Fire Protection Ltd., Amerex Fire Sprinkler Corporation, American Fire Sprinkler Company, Ansul Fire Systems, Forsafe Limited., GE Security.

North America was the largest region in the wireless fire detection systems market in 2023. North America is expected to be the wireless fire detection systems market report fastest-growing region in the forecast period. The regions covered in the wireless fire detection systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wireless fire detection systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main products of wireless fire detection systems include smoke detectors, heat detectors, gas detectors, and multi-sensor detectors. A smoke detector is an electronic fire protection device that autonomously detects smoke and emits a warning sound to alert building occupants. These detectors come in various models, including fully wireless and hybrid options, and can be installed in new or retrofitted buildings for both indoor and outdoor applications across residential, commercial, government, and manufacturing verticals.

The wireless fire detection systems market research report is one of a series of new reports that provides wireless fire detection systems market statistics, including wireless fire detection systems industry global market size, regional shares, competitors with a wireless fire detection systems market share, detailed wireless fire detection systems market segments, market trends and opportunities, and any further data you may need to thrive in the wireless fire detection systems industry. This wireless fire detection systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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