Fire Alarm And Detection Market Size, Share & Trends Report

Fire Alarm And Detection Market Size, Share & Trends Analysis Report By Product (Fire Detectors, Fire Alarms), By Type (Heat, Smoke Detectors), By Application (Commercial, Residential), And Segment Forecasts, 2021 - 2028

  • Published Date: May, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-2-68038-359-1
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 140

Report Overview

The global fire alarm and detection market size was valued at USD 42.24 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2021 to 2028. The demand for advanced fire safety systems in fire-prone industrial settings, such as automotive, power & utility, mining, petrochemical, and oil & gas exploration, will drive the market growth over the next seven years. Fire safety amidst the newly minted work-from-home model in light of the COVID-19 pandemic has gained prominence. With businesses slowly reopening in some parts of the world, building managers or facility owners are securing and maintaining fire protection systems. The reassessment of fire safety requirements will create growth opportunities for market players over the coming years.

U.S. fire alarm and detection market size, by product, 2016 - 2028 (USD Billion)

The need for fire safety solutions surged marginally in 2020. However, due to supply chain disruptions, vendors in this space witnessed minor hiccups in receiving and fulfilling orders. Given the current scenario, demand for cooking fire safety, electrical fire safety, and heater fire safety will gain traction over the next few years. The global market will most likely reach pre-covid levels by the end of 2021. The market is already on its path to recovery with a minor setback caused by supply chain disruptions.

However, as businesses reopen, the importance of fire safety is likely to take center stage and will drive product sales over the next few years. In addition, the pandemic-induced work-from-home model will also contribute to industry recovery as fire safety gains prominence with individuals spending considerable time working from home. As the industry continues to witness a modest upsurge led by the pandemic, a recovery in construction-related projects, both new and redevelopment, will also generate lucrative market conditions for the fire safety OEMs.

Although a large number of projects have taken a backseat for the mid-term, opportunities still thrive in terms of anticipated new projects and ongoing projects that will resume in 2021. Fire alarm and detection is an integral element of any building project enabling safety across several structures. Hence, a rise in construction-related projects will come as a respite for the industry's growth. Furthermore, advancements in technology enabling wireless products with improvements in response time will also pave the way for future growth.

Product Insights

The fire detectors product segment accounted for the highest revenue share of over 51% in 2020. Fire detectors have applications in detecting leaks, such as gas, that could result in a fire accident. Regulations in several countries that encourage the adoption of fire detectors are a key factor favoring product sales, a trend expected to continue till 2028. The fire alarms segment is expected to register the fastest CAGR exceeding 4% from 2021 to 2028. Fire regulations will continue to play a vital role in boosting the product demand.

For better results, both fire alarms and detectors need to be used together. Detectors play a pivotal role in detecting leaks while alarms alert the occupants by transmitting a signal. Both the product types are essential to a building or facility and will continue to witness significant growth over the forecast period. Technology plays an important role in product improvements and favoring the associated market demand in the current scenario. For instance, adding innovative functionalities that support voice evacuation will go a long way in driving product sales and subsequently augmenting the market growth.

Type Insights

Fire detectors are further categorized into heat, smoke, and flame detectors. Heat detectors will witness the fastest CAGR exceeding 4% over the forecast period. Heat detectors are a preferred choice where the ambient temperature is high or for areas with rapid temperature changes. These areas could include garages, mechanical rooms, storage facilities, and commercial kitchens, among others.

The smoke detectors segment led the market in 2020 accounting for a revenue share of over 45%. Smoke detectors are often used in areas to detect smoldering slow fire, such as residential apartments or commercial facilities. Advances in technology have led to the development of intelligent or smart smoke detectors and will play a vital role in boosting product sales. Furthermore, the introduction of innovative products with a longer life span and better cost-efficiency has helped keep the segment demand afloat for the last few years.

The fire alarms segment includes manual call-points, visual, and audible alarms. Audible alarms emerged as the dominant segment in 2020 with a revenue share of more than 47%. The segment will retain its leading position throughout the forecast period as audible alarms are a vital element of any fire alarm system due to their ability to notify people about a hazardous situation.

Application Insights

Fire alarm &detection systems are an integral part of industrial, commercial, and residential areas. The commercial segment captured the highest revenue share of more than 44% in 2020 and is estimated to maintain its leading position throughout the forecast period. The growing importance of fire safety equipment in business facilities and the need to follow government guidelines favor the segment growth. With the growing number of business centers, the demand for new fire alarm and detection systems is also on the rise.

Global fire alarm and detection market share, by application, 2020 (%)

For instance, in India, several state governments mandate fire safety & security in commercial establishments. Therefore, the market growth is directly proportional to the growth of the commercial construction sector. With work-from-home being the new norm, the importance of fire safety solutions has increased in the residential sector. The residential segment is projected to register the fastest CAGR of more than 4% from 2021 to 2028. A rise in fire accidents across various regions is contributing to the growth of this segment.

Regional Insights

North America emerged as the largest regional market in 2020 accounting for a revenue share of more than 38%. 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 1% by 2028. 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.

Key Companies & Marker Share Insights

Tapping opportunities in emerging countries will be a key focus area for most market participants. Research & development activities will help companies develop advanced products integrating the latest technologies in a bid to beat the competition.

The regional strategy focuses on cost-effectiveness, capturing regional contracts, and having a local sales network, particularly in emerging markets. Another go-to-market focus will be offering after-sale services to ensure that the installations meet the safety and operation requirements. Vendors aim to offer ancillary services and new products and training &support on selecting the right product for a specific application. All these initiatives from OEMs will help them be afloat amidst the competitive environment. some of the key companies in the global fire alarm and detection market are:

  • 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.

Fire Alarm And Detection Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 46,667.1 million

Revenue forecast in 2028

USD 62,023.4 million

Growth rate

CAGR of 4.1% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, type, application, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; China; Japan; India; Mexico; Brazil

Key companies profiled

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.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global fire alarm and detection market report on the basis of product, type, application, and region:

  • Product Outlook (Revenue, USD Million, 2016 - 2028)

    • Fire Detectors

    • Fire Alarm

  • Fire Detectors Type Outlook (Revenue, USD Million, 2016 - 2028)

    • Flame Detectors

    • Smoke Detectors

    • Heat Detectors

  • Fire Alarms Type Outlook (Revenue, USD Million, 2016 - 2028)

    • Audible Alarms

    • Visual Alarms

    • Manual Call-points

  • Application Outlook (Revenue, USD Million, 2016 - 2028)

    • Commercial

    • Industrial

    • Residential

  • Regional Outlook (Revenue, USD Million, 2016 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

    • Asia Pacific

      • China

      • Japan

      • India

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

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