The US fire alarm system market is anticipated to exhibit a CAGR of 7.5% during the forecast period. Stringent government regulations and higher penetration levels of advanced fire safety technology among both commercial and residential users are some of the major driver drivers enabling the growth of new sales in the country. The country also has some of the best emergency response infrastructure, globally. Fire alarms and smoke detector detectors are mandated by several local and central authorities, which are directly connected to a national grid for rapid detection of emergencies. According to National Fire Protection Association (NFPA), it is estimated that a fire department in the United States responds to a fire every 24 seconds, owing to well-established hardware and integration to a connected network.
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Furthermore, the National Commission on Fire Prevention and Control mandated several policies, and it acts to limit the issue of fire prevention in the country. The US Department of Labor laid down specific occupational safety and health administration (OSHA) standards for fire safety, recordkeeping, general industry, shipyard employment, marine terminals, long shoring, gear certification, and construction. The presence of such policies and laws in the region is promoting the demand for fire alarm systems in the region.
Market Coverage
- The market number available for – 2019-2026-
- Base year- 2019
- Forecast period- 2019-2026
- Segment Covered- By Product Type, Application
- Competitive Landscape- ADP, LLC, Bay Alarm Co., Honeywell International, Inc., Johnson Controls International plc, Panasonic Corp., United Technologies Corp., Robert Bosch GmbH, and so on
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Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
US Fire Alarm System Market Report Segment
By Product
- Conventional Fire Alarm System
- Addressable Fire Alarm System
By Application
- Commercial
- Industrial
- Residential
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