About Fire Detection Equipment
Fire detection equipment is designed to detect flames early in progression, giving residents adequate time to safely evacuate. Early detection is also crucial for the safety of emergency respondents. Early detection allows property loss to be lessened and operation delay to be minimized since control measures are undertaken while the fire is still small. The majority of alarm systems provide information on the location of the fire to emergency personnel, which helps to speed up the firefighting procedure.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Fire Detection Equipment market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Johnson Controls (Ireland), Honeywell International (United States), United Technologies (United States), Siemens (Germany), Halma (United Kingdom), Gentex (United States), Robert Bosch (Germany), Hochiki (Japan), Securiton AG (Switzerland) and Encore Fire Protection (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Sterling Safety Systems (United Kingdom), Fire Suppression Limited (United Kingdom), Napco security technologies (United States) and VFP Fire Systems (United States).
Segmentation Overview
AMA Research has segmented the market of Global Fire Detection Equipment market by Type (Flame Detectors, Smoke Detectors and Heat Detectors), Application (Commercial, Industrial and Residential) and Region.
On the basis of geography, the market of Fire Detection Equipment 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 Distribution Channel, the sub-segment i.e. Online will boost the Fire Detection Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Control Panels will boost the Fire Detection Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration Of Technologies To Develop Low Cast Fire Detection Equipment
Market Growth Drivers:
Increasing Number Of Accidents And Safety Difficulties and Rising Manufacturer Of Fire Detection Equipment
Challenges:
Technical Limitation Associated To Fire Detection Equipment
Restraints:
High Cost Of Installation And Maintenance Of Fire Detection
Opportunities:
Government Strict Regulation About Safety Of Labor At Working Industry and Growing The Demand Of The Fire Detection In Various Industries
Market Leaders and their expansionary development strategies
In October 2022, Johnson Controls, the global leader for smart, healthy and sustainable buildings, acquired Rescue Air Systems, a leading provider of firefighter air replenishment systems (FARS) that enable firefighters to refill breathing air bottles within a building during responses. the acquisition enhance Fire Suppression Portfolio
On 20 October 2020, Leading life safety manufacturer, Hochiki Europe, has launched a new range of hybrid wireless fire detection and alarm equipment. The Ekho product range is EN54-25 approved, RED compliant and takes hybrid wireless fire detection to new levels of reliability, flexibility and performance.
Key Target Audience
Fire Detection Equipment Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
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.