Indian fire alarm system market is anticipated to exhibit a considerable CAGR of 8.0% during the forecast period (2024-2031). The market growth is driven by the implementation of state and national policies and building codes to improve fire safety, educational campaigns focusing on smoke detectors, and behavioral changes such as the gradual decline in smoking rates. Additionally, the growing adoption of fire alarm systems in commercial, industrial, and residential buildings owing to the increasing stringency in the fire safety regulations is anticipated to drive the growth of the fire alarm system market in India. Indian fire alarm system market is segmented by product (conventional fire alarm system, addressable fire alarm system) and by application (commercial, industrial, residential).
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Key market players contributing to the growth of the Indian fire alarm system market include Eaton Corp., Hochiki Corp., Honeywell International Inc., Johnson Controls International plc, Nittan Company, Ltd., Panasonic Corp., Robert Bosch GmbH, and others. The market players contribute to the market growth, by the adoption of various strategies such as new product development, R&D investments, mergers and acquisitions, and more.
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Recent Developments
- In September 2024, Edwards announced the local production of its Signature Optica Smoke Detectors in India.
- In September 2024, Tufwud launched the FD120 ID—ISI- marked fully insulated fire door. The product was launched at the Fire & Security India Expo (FSIE) 2024.
- In August 2024, Securico Electronics India Ltd. launched its new brand FIRENEX at the Fire & Security India Expo (FSIE) 2024. The company launched its latest range of IP/4G/GSM-Enabled Fire Alarm Products under the brand.
- In July 2024, HFI launched Veiga- a fire alarm and detection solution designed to enhance fire prevention and protection in residential, commercial, and industrial setups in India. It features a sleek and compact design offering aesthetics with functionality.
- In June 2024, Bosch Building Technologies opened its maiden assembly line in India for fire alarm solutions. The first made-in-India fire detector by the company is named Avenar. Seven variants of AVENAR detectors are being manufactured in India.
- In August 2022, Honeywell announced the launch of the Morley MAx fire detection and alarm system to help improve building and occupant safety. It is a compact intelligent fire alarm control panel and offers installers and end users a range of functions that are easy to install, commission, and maintain. It features a 7-inch touchscreen panel, providing an intuitive and ergonomic user interface. The panel displays color-coded events and graphical icons. It utilizes technologies such as multi-Boolean logic and CANBus protocol between panels enabling faster communication. It is compatible with the Honeywell Connected Life Safety Services (CLSS).
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