Fire Detection Equipment Global Market Report 2023

“Fire Detection Equipment Global Market Report 2023 ” from The Business Research Company 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.

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• 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.
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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? “The fire detection equipment market global report ” from The Business Research Company 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.

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

Companies Mentioned: Johnson Controls; Honeywell International; United Technologies; Siemens; Halma

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

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 segmentations: 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.

Executive Summary

Major players in the fire detection equipment market are: Johnson Controls, Honeywell International, United Technologies, Siemens, Halma , Gentex , Robert Bosch, Hochiki , Securiton AG , Encore Fire Protection, Sterling Safety Systems, Fire Suppression Limited, Schrack Seconet AG, Napco security technologies, VFP Fire Systems, Siemens AG, Emerson Electric Co., Bosch Security Systems, Tyco International Limited, Spectrex, Inc., Johnson Controls, General Monitors, Inc., Fire Suppression Limited, Schrack Seconet AG, Napco security technologies and VFP Fire Systems.

The global fire detection equipment market will grow from $7.82 billion in 2022 to $8.71 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The fire detection equipmen market is expected to grow to $13.12 billion in 2027 at a CAGR of 10.8%.

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.

Fire detection equipment reduces the damage caused by fire by generating warning signals (including audio or visual signals) in case of fire. Detection of fire is done by detecting the smoke, heat or flames.

North America was the largest region in the fire detection equipment market in 2022. Asia pacific was the second largest region in the fire detection equipment market. The regions covered in the fire detection equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main product types of fire detection equipment are flame detectors, smoke detectors, and heat detectors. A heat detector is an alarm designed to detect an increase in air temperature caused by flames. The various connectivities of fire detection equipment are wired, and wireless. The industries using this equipment are banking, financial services and insurance (BFSI), hospitality and travel, healthcare, transportation and logistics, manufacturing, retail, mining, oil and gas, and others.

Stringent government regulations and mandates on fire detection measures contribute to the fire detection equipment market's growth. Globally, different government agencies have implemented various laws regarding the installation of fire safety equipment in organizations to ensure employees' safety. For instance, the U.S government in accordance with the 15 U.S. Code 2227 mandates the installation of fire safety systems with appropriate warning signals in federally assisted buildings. The increased need to ensure safety by the government agencies has increased the demand for the fire detection equipment market.

High installation and maintenance cost negatively impact the sales of fire detection equipment. The initial investment in installing a fire detection system include the cost of equipment, installation, and subscription of security monitoring services. Wireless fire detection systems may not give appropriate results if their batteries are left unchanged. Similarly, wired fire detection systems require a constant power supply. In addition to that, along with maintenance cost makes the use of fire detection systems an expensive affair. Thus, hampering the fire detection equipment market's growth.

The entities involved in the fire detection equipment market are using Infrared technology to reduce the false alarms from these systems and, at the same time, shorten the time it takes alarms to detect actual fires. The use of Infrared technology increases the fire detection capabilities of a detector even in the dusty atmosphere. For instance, MSA Safety Incorporated, a U.S based company involved in the making sophisticated safety products launched an FL4000H multi-spectrum IR flame detector that uses multi-spectrum IR (Infrared) to detect the flames 210 feet away and also monitors false alarms. The device employs flame recognition technology to confirm fire by analyzing near IR radiation thus producing more effective, reliable results.

In December 2020, Marmic Fire & Safety Co. acquired Total Fire & Safety (TFS), a provider of protection and alarm monitoring companies in the Chicago metropolitan area. This acquisition will allow Marmic to now serve customers in the Chicago metropolitan area and surrounding regions, further establishing Marmic's position in the fire safety industry. In addition to this, this acquisition allows TFS to enhance its offering of services with Marmic's full-suite of capabilities.

The countries covered in the fire detection equipment market are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The fire detection equipment market research report is one of a series of new reports from The Business Research Company 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.