The North American fire alarm system market is anticipated to exhibit a CAGR of 7.4% during the forecast period. The presence of stringent government regulations regarding the use of fire safety appliances in the residential, commercial, and industrial buildings is anticipated to drive the regional growth of the market. In the US, according to the Federal Law and further, through the Public Buildings Amendments of 1988, 40 U.S.C. 3312 (formerly Section 21 of the Public Buildings Act of 1959, 40 U.S.C. 619), each building constructed or altered by the US General Services Administration (GSA) or any other federal agency should be in compliance with one of the nationally recognized model building codes and with other applicable nationally recognized codes.
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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?
North American 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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