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Fire Detection Equipment Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5939674

Quick Summary:

In the dynamic realm of fire safety, the fire detection equipment market is a critical sector, encompassing advanced technologies that safeguard assets and lives against the peril of unforeseen fires. As companies and regulatory bodies alike heighten their focus on safety protocols, the market for fire detection equipment is showcasing robust growth, propelled by the integration of innovative technologies and enforcement of stringent safety standards.

For discerning senior executives, investing in our comprehensive market research report on fire detection equipment isn't just an option, but a strategic imperative. This report offers an in-depth analysis of market trends, competitive landscapes, and technological advancements. Leverage this intelligence to navigate the complexities of fire safety requirements and secure a resilient future for your business. By understanding the intricacies of this market, your organization can make informed decisions to enhance safety measures, comply with regulations, and ultimately, drive growth in an ever-evolving industry landscape.

The fire detection equipment market size has grown strongly in recent years. It will grow from $8.34 billion in 2023 to $9.15 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The expansion observed in the historical period can be credited to governmental backing that prioritizes safety, a surge in the occurrence of fire incidents, a rise in commercial infrastructure, economic growth, and swift urbanization.

The fire detection equipment market size is expected to see rapid growth in the next few years. It will grow to $13.88 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The anticipated growth in the forecast period can be ascribed to advancements in technology, an upswing in the construction sector, heightened demand from end-user industries, stringent safety regulations, and the increasing adoption of wireless technology in fire detection. Notable trends in the forecast period involve the incorporation of smoke detectors into home automation systems to enhance security and control for consumers, the consideration of advanced smoke detectors in commercial structures to ensure the safety of individuals and businesses, the integration of the Internet of Things (IoT) into fire detectors for enhanced technological capabilities, offering features such as voice assistance to provide convenience and cater to specific needs of certain segments of the population with disabilities, manufacturing and incorporating features of smart smoke detectors, multi-criteria fire detectors, beam smoke and fire detectors, heat detectors, visual fire detectors and alarms, intelligent smoke and fire detectors, and embracing wireless technologies.

The growth of the fire detection equipment market is significantly influenced by stringent government regulations and mandates concerning fire detection measures. Internationally, various government agencies have enforced laws mandating the installation of fire safety equipment in organizations to ensure the safety of employees. For example, the U.S. government, following the 15 U.S. Code 2227, requires the installation of fire safety systems with appropriate warning signals in federally assisted buildings. The growing emphasis on safety by government agencies has resulted in an increased demand for fire detection equipment in the market.

The rising incidents of fire-related fatalities and casualties are expected to drive the growth of the fire detection equipment market in the foreseeable future. Fire-related fatalities refer to instances where individuals lose their lives directly due to a fire, while fire-related casualties encompass both fatalities and non-fatal injuries resulting from a fire, such as burns, smoke inhalation, and other fire-related harm. Fire detection equipment plays a pivotal role in mitigating fire-related fatalities and casualties by providing early warnings and facilitating swift response measures. As an illustration, a report by the Home Office, a UK-based ministerial department, revealed that in 2023, there were 561 hospital admissions due to severe injuries, constituting 9.1% of all non-fatal casualties, marking a 2.4% increase from 2022. Additionally, 1,836 precautionary checks were recommended, representing 30% of all non-fatal casualties and reflecting a 2.6% increase from 2022. Consequently, the escalating occurrences of fire-related fatalities and casualties are steering the growth of the fire detection equipment market.

Entities in the fire detection equipment market are incorporating Infrared technology to minimize false alarms and improve the responsiveness of alarm systems to actual fires. The utilization of Infrared technology enhances a detector's fire detection capabilities even in dusty atmospheres. For example, MSA Safety Incorporated, a U.S.-based company specializing in advanced safety products, introduced the FL4000H multi-spectrum IR flame detector. This device utilizes multi-spectrum IR (Infrared) to detect flames up to 210 feet away while also monitoring and minimizing false alarms. The flame recognition technology employed by the device analyzes near IR radiation to confirm fires, ensuring more effective and reliable results.

Major companies in the fire detection equipment market are actively engaged in the development of advanced multi-sensor detectors and algorithms to maintain a competitive advantage. Advanced multi-sensor detectors, when combined with sophisticated algorithms, enhance the precision of fire detection by consolidating data from various sensors to promptly identify and alert to potential fire hazards. As an illustration, in August 2022, Honeywell International Inc., a U.S.-based technology company specializing in aerospace, automotive products, and control systems, introduced the Morley MAx fire detection and alarm system featuring advanced multi-sensor detectors and algorithms. This system utilizes intelligent algorithms, in tandem with straightforward boolean logic shared across the Controller Area Network (CAN) bus network, to achieve faster and more efficient fire detection. The system is designed for future readiness and incorporates connected building tools and monitoring systems to streamline the commissioning of extensive fire detection networks.

In November 2021, Bosch Sicherheitssysteme GmbH, a Germany-based provider of security and safety products and services, acquired Protec Fire and Security Group Ltd. for an undisclosed amount. The acquisition aimed to expand Bosch Building Technologies' business and strengthen its presence in the European market. Protec Fire and Security Group Ltd. is a UK-based provider of fire detection equipment.


Major companies operating in the fire detection equipment market report are Siemens AG, Johnson Controls, Carrier Global Corporation, Honeywell International, Robert Bosch, Schneider Electric, Hochiki Corporation, Assa Abloy, Securiton AG, Halma, Protec, Rubezh, Ajax, Pozhtechnika, SATEL, NAPCO Security Technologies, Encore Fire Protection, VEP Fire Systems, Kidde fire safety, Ras Al Khaimah Safety and Security System LLC, C.G. Technology L.L.C, Speed Fire & Safety Equipment L.L.C, A One Technology Fire Safety & Security Systems LLC, Eversafe Fire & Safety Equipment LLC, Alnahrain Security & Safety, Tyco, UTC, Viking, Fike Corporation.

North America was the largest region in the fire detection equipment market in 2023. Asia-Pacific was the second largest region in the global fire detection equipment market share. The regions covered in the fire detection equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fire detection equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The primary product categories of fire detection equipment include flame detectors, smoke detectors, and heat detectors. A heat detector is an alarm system designed to identify a rise in air temperature resulting from flames. The connectivity options for fire detection equipment include wired and wireless configurations. Various industries employing this equipment encompass banking, financial services, and insurance (BFSI), hospitality and travel, healthcare, transportation and logistics, manufacturing, retail, mining, oil and gas, among others.

The fire detection equipment market research report is one of a series of new reports that provides fire detection equipment market statistics, including fire detection equipment industry global market size, regional shares, competitors with a fire detection equipment market share, detailed fire detection equipment market segments, market trends and opportunities, and any further data you may need to thrive in the fire detection equipment industry. This fire detection equipment 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 fire detection equipment market consists of sales of equipment used for fire detection and warning people when the presence of fire is detected. This equipment does not intervene in the fire suppression. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

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.

Table of Contents

1. Executive Summary2. Fire Detection Equipment Market Characteristics3. Fire Detection Equipment Market Trends and Strategies
4. Fire Detection Equipment Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Fire Detection Equipment Market Size and Growth
5.1. Global Fire Detection Equipment Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Fire Detection Equipment Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Fire Detection Equipment Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Fire Detection Equipment Market Segmentation
6.1. Global Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Flame Detectors
  • Smoke Detectors
  • Heat Detectors
6.2. Global Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Wired
  • Wireless
6.3. Global Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Banking, Financial Services and Insurance (BFSI)
  • Hospitality & Travel
  • Healthcare
  • Transportation & Logistics
  • Manufacturing
  • Retail
  • Mining
  • Oil and Gas
  • Other End-User Industries
7. Fire Detection Equipment Market Regional and Country Analysis
7.1. Global Fire Detection Equipment Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Fire Detection Equipment Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Fire Detection Equipment Market
8.1. Asia-Pacific Fire Detection Equipment Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Fire Detection Equipment Market
9.1. China Fire Detection Equipment Market Overview
9.2. China Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Fire Detection Equipment Market
10.1. India Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Fire Detection Equipment Market
11.1. Japan Fire Detection Equipment Market Overview
11.2. Japan Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Fire Detection Equipment Market
12.1. Australia Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Fire Detection Equipment Market
13.1. Indonesia Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Fire Detection Equipment Market
14.1. South Korea Fire Detection Equipment Market Overview
14.2. South Korea Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Fire Detection Equipment Market
15.1. Western Europe Fire Detection Equipment Market Overview
15.2. Western Europe Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Fire Detection Equipment Market
16.1. UK Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Fire Detection Equipment Market
17.1. Germany Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Fire Detection Equipment Market
18.1. France Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Fire Detection Equipment Market
19.1. Italy Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Fire Detection Equipment Market
20.1. Spain Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Fire Detection Equipment Market
21.1. Eastern Europe Fire Detection Equipment Market Overview
21.2. Eastern Europe Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Fire Detection Equipment Market
22.1. Russia Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Fire Detection Equipment Market
23.1. North America Fire Detection Equipment Market Overview
23.2. North America Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Fire Detection Equipment Market
24.1. USA Fire Detection Equipment Market Overview
24.2. USA Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Fire Detection Equipment Market
25.1. Canada Fire Detection Equipment Market Overview
25.2. Canada Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Fire Detection Equipment Market
26.1. South America Fire Detection Equipment Market Overview
26.2. South America Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Fire Detection Equipment Market
27.1. Brazil Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Fire Detection Equipment Market
28.1. Middle East Fire Detection Equipment Market Overview
28.2. Middle East Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Fire Detection Equipment Market
29.1. Africa Fire Detection Equipment Market Overview
29.2. Africa Fire Detection Equipment Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Fire Detection Equipment Market, Segmentation by Connectivity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Fire Detection Equipment Market Competitive Landscape and Company Profiles
30.1. Fire Detection Equipment Market Competitive Landscape
30.2. Fire Detection Equipment Market Company Profiles
30.2.1. Siemens AG
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Johnson Controls
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Carrier Global Corporation
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Honeywell International
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Robert Bosch
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Fire Detection Equipment Market Other Major and Innovative Companies
31.1. Schneider Electric
31.2. Hochiki Corporation
31.3. Assa Abloy
31.4. Securiton AG
31.5. Halma
31.6. Protec
31.7. Rubezh
31.8. Ajax
31.9. Pozhtechnika
31.10. SATEL
31.11. NAPCO Security Technologies
31.12. Encore Fire Protection
31.13. VEP Fire Systems
31.14. Kidde fire safety
31.15. Ras Al Khaimah Safety and Security System LLC
32. Global Fire Detection Equipment Market Competitive Benchmarking33. Global Fire Detection Equipment Market Competitive Dashboard34. Key Mergers and Acquisitions in the Fire Detection Equipment Market
35. Fire Detection Equipment Market Future Outlook and Potential Analysis
35.1 Fire Detection Equipment Market in 2028 - Countries Offering Most New Opportunities
35.2 Fire Detection Equipment Market in 2028 - Segments Offering Most New Opportunities
35.3 Fire Detection Equipment Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Fire Detection Equipment Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on fire detection equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for fire detection equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Product Type: Flame Detectors; Smoke Detectors; Heat Detectors
2) By Connectivity: Wired; Wireless
3) By End-Use Industry: Banking, Financial Services and Insurance (BFSI); Hospitality &Travel; Healthcare; Transportation & Logistics; Manufacturing; Retail; Mining; Oil and Gas; Other End-user Industries

Key Companies Mentioned: Siemens AG; Johnson Controls; Carrier Global Corporation; Honeywell International; Robert Bosch

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Siemens AG
  • Johnson Controls
  • Carrier Global Corporation
  • Honeywell International
  • Robert Bosch
  • Schneider Electric
  • Hochiki Corporation
  • Assa Abloy
  • Securiton AG
  • Halma
  • Protec
  • Rubezh
  • Ajax
  • Pozhtechnika
  • SATEL
  • NAPCO Security Technologies
  • Encore Fire Protection
  • VEP Fire Systems
  • Kidde fire safety
  • Ras Al Khaimah Safety and Security System LLC
  • C.G. Technology L.L.C
  • Speed Fire & Safety Equipment L.L.C
  • A One Technology Fire Safety & Security Systems LLC
  • Eversafe Fire & Safety Equipment LLC
  • Alnahrain Security & Safety
  • Tyco
  • UTC
  • Viking
  • Fike Corporation.

Methodology

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