About Fire Alarm
Fire alarm basically a device and alarm system which is available in the various types of devices to detect and warn against the fire or when smoke, fire, carbon monoxide, or other emergencies are generated. These alarms are activated automatically from smoke detectors, and heat detectors. In the current market situation, there are many types of alarm system available in the market which is connected through the mobile or any other networking system. There is rapid adoption of a fire alarm system by the various market sectors. and .
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global fire alarm market is highly competitive, with the growing demand for the fire alarm system across the various domains. There are various companies are operating in this industry that is highly focusing on investing the advanced technology product and on research and development activities to develop new products portfolio. With the high growth in this market, the leading companies are focusing on capturing market growth opportunities by adopting market growth opportunities such as mergers & acquisitions, expansions, investments, new product launches. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Fire Alarm market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bosch Security Systems (United States), Gentex Corporation (United States), HALMA (United Kingdom), Hochiki Corporation (Japan), Honeywell (United States), Johnson Controls (Ireland), MSA Safety (United States), Mircom Group of Companies (Canada), Protec Fire Detection (United Kingdom) and Secom (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Siemens (Germany), Tyco International (Ireland) and United Technologies Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Fire Alarm market by , Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of Fire Alarm has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Alarm Type, the sub-segment i.e. Audible Alarms will boost the Fire Alarm market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Detectors, the sub-segment i.e. Smoke Detectors will boost the Fire Alarm market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Devices, the sub-segment i.e. Annunciators will boost the Fire Alarm market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Adoption of Technology-Enabled Fire Alarm Systems, Such as Wireless Technology in Fire Detection
Market Growth Drivers:
Development Construction Industry and Increasing Number of Cases Related to the Human and Property Loss Because of Fire Breakouts
Challenges:
Lack of Consumer Awareness Regarding Advance Fire Alarm System
Restraints:
Required High Initial Cost for Fire Alarm System and Rising Concern Related to System Failure, Which Required High Maintenance Cost for the Maintenance of the System
Opportunities:
Development in Cloud-Based System and High Availability of Smoke Detectors Integration with IoT and Big Data
Market Leaders and their expansionary development strategies
In August 2023, Pye-Barker Fire & Safety, the largest fully integrated fire protection, life safety and security services provider in the United States has acquired AAA Fire Safety & Alarm, a Utah-based fire protection and alarm company serving customers throughout the Intermountain West. The acquisition opens new avenues for innovation and allows us to leverage our collective strengths to provide even greater value to our clients and partners.
In Sep 2019, ADT Inc. announced the expansion of its commercial presence with the collaboration of Systems Group and Fusion Fire protection. Through this agreement, the company is trying to enhance its technical capabilities to offer its service to commercial and enterprise-level customers across the United States.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Raw Material Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.