Fire Alarm And Detection Market Insight and Trends 2030
The global Fire Alarm And Detection market gathered revenue around USD 42.29 Billion in 2020 and market is set to grow USD 65.2 Billion by the end of 2030 and is estimated to expand at a modest CAGR of 4.9% during the prediction period 2022 to 2030.
Growth Factors:
The market is gaining prominence, more so amidst the COVID-19 pandemic that hit the world economy in 2020, with businesses shifting to remote working models. The demand for residential fire safety witnessed a rise, with people spending extended hours working from home.
The global demand surpassed USD 40 billion in 2020 and will continue to witness growth over the next seven years. While the pandemic created a few lucrative opportunities for the OEMs, awareness about the safety and security of assets in the commercial sector also increased. As businesses resume, the need to safeguard facilities with guidelines and installations promoting fire safety will encourage building owners to either replace old equipment or install new safety devices.
In addition, the advancements in fire safety products by leveraging the latest wireless technologies will help OEMs keep up with the competitive rivalry in the industry. Advancements followed by cost-effective products and service & maintenance post installations will go a long way in favoring sales. Vendors aim to launch new products and leverage opportunities in emerging markets by developing a local sales network and closing new business deals.
All such efforts by OEMs will drive market growth over the next few years. Apart from new equipment sales, the demand for the replacement market is also on the rise. Aging infrastructure with outdated fire safety devices will pave the way for new business opportunities over the next seven years. The replacement scenario is likely to create opportunities in the North American and European markets, where the market has hit the ceiling in terms of growth.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Fire Alarm And Detection market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Fire Alarm And Detection market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 65.2 Billion by 2030 |
| Growth Rate | CAGR of 4.9% From 2022 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Product, type, application, region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Johnson Controls International plc; Honeywell International, Inc.; Napco Security Technologies, Inc.; Nittan Co., Ltd.; Siemens AG; Halma plc; United Technologies Corp.; Robert Bosch GmbH; Eaton Corp. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Fire Alarm And Detection market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Regional analysis:
North America emerged as the largest regional market in 2020 accounting for a revenue share of more than 38.2%. The market, however, has reached a mature phase and will witness steady growth over the forecast period. Asia Pacific is estimated to emerge as the fastest-growing regional market over the forecast years. The region, with investments focused on infrastructure development, is creating growth opportunities for fire safety vendors. The regional demand stems from the developments in countries like India, China, Japan, and other Southeast Asian countries. However, the lack of standard guidelines promoting the installation of fire safety devices could pose a minor impediment to the otherwise lucrative market.
Europe will witness an uptick in demand, with market share increasing by 2% by 2030. The regional authorities are focusing on implementing fire safety norms with national or state-defined goals. For instance, in Germany, Firefighters’ associations are undertaking projects to increase the installations of fire alarms and smoke detectors in residential areas. There have been instances of fire brigades conducting campaigns providing information on the installation of fire safety equipment. All such initiatives across several countries in Europe are contributing to the regional market growth.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Fire Alarm And Detection Market include: Johnson Controls International plc; Honeywell International, Inc.; Napco Security Technologies, Inc.; Nittan Co., Ltd.; Siemens AG; Halma plc; United Technologies Corp.; Robert Bosch GmbH; Eaton Corp.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Fire Alarm And Detection market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Fire Alarm And Detection market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Fire Alarm And Detection markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Fire Alarm And Detection Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Fire Alarm And Detection Market, By Product
7.1. Fire Alarm And Detection Market, by Product, 2022-2030
7.1.1. Fire Detectors
7.1.1.1. Market Revenue and Forecast (2019-2030)
7.1.2. Fire Alarm
7.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 8. Global Fire Alarm And Detection Market, By Fire Detectors Type
8.1. Fire Alarm And Detection Market, by Fire Detectors Type, 2022-2030
8.1.1. Flame Detectors
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Smoke Detectors
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Heat Detectors
8.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Fire Alarm And Detection Market, By Fire Alarms Type
9.1. Fire Alarm And Detection Market, by Fire Alarms Type, 2022-2030
9.1.1. Audible Alarms
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Visual Alarms
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Manual Call-points
9.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Fire Alarm And Detection Market, By Application
10.1. Fire Alarm And Detection Market, by Application, 2022-2030
10.1.1. Commercial
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Industrial
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Residential
10.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Fire Alarm And Detection Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.1.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.1.4. Market Revenue and Forecast, by Application (2019-2030)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.1.5.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.1.5.4. Market Revenue and Forecast, by Application (2019-2030)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.6.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.1.6.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.1.6.4. Market Revenue and Forecast, by Application (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.2.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.2.4. Market Revenue and Forecast, by Application (2019-2030)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.2.5.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.2.5.4. Market Revenue and Forecast, by Application (2019-2030)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.2.6.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.2.6.4. Market Revenue and Forecast, by Application (2019-2030)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.2.7.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.2.7.4. Market Revenue and Forecast, by Application (2019-2030)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.8.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.2.8.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.2.8.4. Market Revenue and Forecast, by Application (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.3.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.3.4. Market Revenue and Forecast, by Application (2019-2030)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.3.5.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.3.5.4. Market Revenue and Forecast, by Application (2019-2030)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.3.6.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.3.6.4. Market Revenue and Forecast, by Application (2019-2030)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.3.7.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.3.7.4. Market Revenue and Forecast, by Application (2019-2030)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.8.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.3.8.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.3.8.4. Market Revenue and Forecast, by Application (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.4.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.4.4. Market Revenue and Forecast, by Application (2019-2030)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.4.5.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.4.5.4. Market Revenue and Forecast, by Application (2019-2030)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.4.6.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.4.6.4. Market Revenue and Forecast, by Application (2019-2030)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.4.7.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.4.7.4. Market Revenue and Forecast, by Application (2019-2030)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.8.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.4.8.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.4.8.4. Market Revenue and Forecast, by Application (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.5.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.5.4. Market Revenue and Forecast, by Application (2019-2030)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.5.5.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.5.5.4. Market Revenue and Forecast, by Application (2019-2030)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.6.2. Market Revenue and Forecast, by Fire Detectors Type (2019-2030)
11.5.6.3. Market Revenue and Forecast, by Fire Alarms Type (2019-2030)
11.5.6.4. Market Revenue and Forecast, by Application (2019-2030)
Chapter 12. Company Profiles
12.1. Johnson Controls International plc
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Honeywell International, Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Napco Security Technologies, Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Nittan Co., Ltd.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Siemens AG
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Halma plc
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. United Technologies Corp.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Robert Bosch GmbH
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Eaton Corp.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers