Fire Alarm and Detection Market Size, Share & Trends Report

Fire Alarm and Detection Market Size, Share & Trends Analysis Report By Alarm Technology (Conventional, Addressable), By Detection Technology (Flame, Smoke, Heat), By Application, And Segment Forecasts, 2018 - 2025

  • Published Date: Apr, 2018
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-359-1
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2015
  • Number of Pages: 85

Industry Insights

The global fire alarm & detection market size was valued at USD 16.1 billion in 2016 and is expected to exhibit a CAGR of 4.3% over the forecast period. Fire alarm and detection systems help identify fire incidents at an early stage and raise alerts via visual or audio indicators to safely evacuate the premises. The system is designed to identify presence of smoke, gas leak, fire, and heat. They are arranged in such a manner that the entire area is covered.

U.S. fire alarm & detection market

Mandates mentioned in buildings codes drafted by various government agencies to install such systems in commercial, residential and industrial establishments are primarily driving market growth. Continued development of smart cities across the world, coupled with the rising awareness among consumers about safety, is also contributing toward market growth.

Structure fires particularly tend to cause extensive damages. For example, 475,500 out of the total of 1,342,000 fires reported in U.S. in 2016 were structure fires, and they caused property damages amounting to USD 7.9 billion, according to the National Fire Protection Association (NFPA). Initiatives aimed at curbing such damages by installing these systems in commercial and residential establishments would foster market growth over the forecast period.

These advanced systems have the ability to deliver quick response in case of fire accidents, which potentially reduces extensive damage caused due to fire. Additionally, development in technology has led to use of advanced machinery, components, and devices, which are higher in cost. Thus, need to safeguard equipment from possible damage and reduce financial expenses incurred post the accident is also expected to drive the market.

Detection Technology Insights

By detection technology, the fire detection market is segmented into flame, smoke, and heat detectors. Smoke detectors are cost-effective components with a longer life span. Hence, they can be used across myriad establishments, such as residential complexes, malls, and offices. As a result, the size of the smoke detectors segment is expected to expand at the highest CAGR over the forecast period.

Flame detectors are very sensitive components. They can detect fires from longer distances and enable quick response. However, higher costs and tendency to initiate false alarms are hindering the adoption of flame detectors. Hence, the market size of  this segment is projected to expand at the second-highest CAGR over the forecast period.

Application Insights

Based on application, the fire alarm market has been segmented into commercial, industrial, and residential. The commercial segment covers installation of these systems in commercial establishments, such as office buildings, industrial complexes, restaurants, and other non-residential properties. The market size of the segment is expected to expand at the highest CAGR over the forecast period.

Systems installed in commercial establishments tend to be more complex and customized to a high degree. They also need to cover the entire area. On the contrary, systems installed in residential establishments tend to be simpler and smaller, and comprise a couple of smoke/heat detectors located mostly in areas prone to higher risk of fire, such as the kitchen.

Systems installed in industrial complexes need to cover larger areas and hence require a higher number of initiating devices. Moreover, these systems need to be robust enough to undertake multiple tasks, such as detecting fire, initiating local and off-site alarms, activating fire isolation devices, and shutting down specific equipment. Thus, the industrial application segment is projected to account for the second-largest share by 2025.

Alarm Technology Insights

By alarm technology, the market has been segmented into conventional and addressable systems. Addressable systems offer numerous advantages, such as flexible wiring topology, higher reliability, ability to identify exact location of fire, and potential to curb false alarms. Besides this, addressable systems are cheaper to install as they do not require extensive cabling. Such benefits have been encouraging widespread adoption of addressable systems, allowing the segment to account for the largest share by 2025.

Global fire alarm & detection market

Conventional systems are cheaper to procure but expensive to install. Moreover, these systems can identify the zone but not the exact location of fire. Hence, conventional systems are ideal for smaller establishments, such as individual offices and shops.

Regional Insights

The North America segment dominated the market in 2016 and is anticipated to continue its lead over the forecast period as government agencies continue to enforce stringent mandates to install fire alarm and fire detection systems. Moreover, given that North America is known for early adoption of advanced technologies, market players operating in the region keep enhancing their product portfolios continuously.   

In Asia Pacific, adoption of fire alarms and detectors has been rising in line with growing awareness about fire safety. Industrial growth in developing economies, such as India and China, coupled with increasing adoption, is expected to boost demand in the region over the forecast period.

Fire Alarm & Detection Market Share Insights

Emersion Electric Co.; Fike Corporation; Gentex Corporation; Halma PLC; Hochiki Corporation; and Honeywell International, Inc. are some of the prominent players operating in the market, most of which are known for providing innovative and advanced solutions. They have been aggressively spending on R&D to innovate and gain a strategic advantage over their rivals. Apart from expansion and strategic partnerships, they also indulge in mergers and acquisitions as part of their strategy to gain market share.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 & 2015

Forecast period

2017-2025

Market representation

Revenue in USD Million & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, South America and Middle East & Africa

Country scope

U.S., Mexico, U.K., Germany, Japan, India, China and Brazil

Report coverage

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

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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 latest industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global fire alarm & detection market report based on alarm technology, detection technology, application, and region:

  • Alarm Technology Outlook (Revenue, USD Million, 2014 - 2025)

    • Conventional Systems

    • Addressable Systems

  • Detection Technology Outlook (Revenue, USD Million, 2014 - 2025)

    • Flame Detectors

    • Smoke Detectors

    • Heat Detectors

  • Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Commercial

    • Industrial

    • Residential

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Mexico

      • Canada

    • Europe

      • U.K.

      • Germany

    • Asia Pacific

      • China

      • India

      • Japan

    • South America

      • Brazil

    • MEA

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