The global fire alarm system market is anticipated to exhibit a CAGR of 7.2% during the forecast period. The presence of stringent government regulations regarding the use of fire safety appliances in commercial and industrial buildings is anticipated to drive the demand for fire alarm systems across the globe. The rising demand for the fire alarm system to avoid fire mishaps is anticipated to drive the growth of the global market. Looking towards the rising demand for fire alarm systems, several players are launching new fire alarm systems in the market to meet the emerging requirement of their customers.
For instance, in September 2019, ABB, Ltd. had launched its new Alarm-Stick, which integrates ABB’s smoke, heat, and carbon monoxide (CO) detectors into ABB-free@home. The new Alarm-Stick connects to the ABB-free@home System Access Point via USB and communicates wirelessly to the detectors, utilizing the VdS 3515 certified detector protocol, making the integration process extremely easy. In May 2019, C-Tec, an electronic equipment manufacturer had launched a grade C domestic fire alarm system in UK. This new IoT fire alarm management package offers floor plan graphics, remote access capabilities, and mobile app connectivity. The increasing focus of manufacturers in launching innovative alarm system is anticipated to drive the global fire alarm system market.
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Market Coverage
- The market number available for – 2022-2030-
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered- By Product Type, Application
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Johnson Controls International plc, Honeywell International, Inc., NAPCO Security Technologies, Inc., United Technologies Corp., Panasonic Corp., Robert Bosch GmbH, and Carrier Global Corp.
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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Fire Alarm System Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- ADT, LLC
- Bay Alarm Co.
- Carrier Global Corp.
- Eaton Corp.
- Fenwal Controls of Japan, Ltd.
- Fike Corp.
- Gentex Corp.
- Halma plc
- Hochiki Corp.
- Honeywell International, Inc.
- Johnson Controls International plc
- Koorsen Fire & Security, Inc.
- MAK Technologies, Inc.
- NAPCO Security Technologies, Inc.
- Nittan Company, Ltd.
- Panasonic Corp.
- Potter Electric Signal Company, LLC
- Robert Bosch GmbH
- Siemens AG
- Space Age Electronics, Inc.
- Tyco Fire & Security, Inc.
- United Technologies Corp.
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