Fire Alarm And Detection Market By Product (Fire Detectors, Fire Alarms), By Type (Heat, Smoke Detectors), By Application (Commercial, Residential)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

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.

Fire Alarm And Detection Market Size 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 Aging infrastructure with outdated fire safety devices will pave the way for new business opportunities over the next seven years.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.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

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 Product
    • Fire Detectors
    • Fire Alarm
  • By Fire Detectors Type
    • Flame Detectors
    • Smoke Detectors
    • Heat Detectors
  • By Fire Alarms Type
    • Audible Alarms
    • Visual Alarms
    • Manual Call-points
  • By Application
    • Commercial
    • Industrial
    • Residential

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

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:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in Fire Alarm And Detection Market Study:

  • Growth of Fire Alarm And Detection in 2022
  • Market Estimates and Forecasts (2017-2030)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Fire Alarm And Detection and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Fire Alarm And Detection Consumption Analysis
  •  Fire Alarm And Detection Production Analysis
  •  Fire Alarm And Detection and Management