Vision Research Reports, The Fire Alarm And Detection market revenue share is set to grow at a yearly rate of 8.1% during 2021-2030, while its valuation is Projected to jump from $ 50.24 Bn in 2020 to $72.02 Bn in 2030.
The market is gaining prominence, more so amidst the COVID-19 pandemic that hit the world economy in 2020, with businesses shifting to remote working models. The demand for residential fire safety witnessed a rise, with people spending extended hours working from home.
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The global demand surpassed USD 40 billion in 2020 and will continue to witness growth over the next seven years. While the pandemic created a few lucrative opportunities for the OEMs, awareness about the safety and security of assets in the commercial sector also increased. As businesses resume, the need to safeguard facilities with guidelines and installations promoting fire safety will encourage building owners to either replace old equipment or install new safety devices.
In addition, the advancements in fire safety products by leveraging the latest wireless technologies will help OEMs keep up with the competitive rivalry in the industry. Advancements followed by cost-effective products and service & maintenance post installations will go a long way in favoring sales. Vendors aim to launch new products and leverage opportunities in emerging markets by developing a local sales network and closing new business deals.
|Market Size||US$ 72.02 billion by 2030|
|Growth Rate||CAGR of 8.1% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Fire Detectors Type, Fire Alarms Type, Application, Region|
|Companies Mentioned||Johnson Controls International plc, Honeywell International, Inc., Napco Security Technologies, Inc., Nittan Co., Ltd., Siemens AG, Halma plc, United Technologies Corp., Robert Bosch GmbH, Eaton Corp.|
- Johnson Controls International plc
- Honeywell International, Inc.
- Napco Security Technologies, Inc.
- Nittan Co., Ltd.
- Siemens AG
- Halma plc
- United Technologies Corp.
- Robert Bosch GmbH
- Eaton Corp.
- Product Outlook
- Fire Detectors
- Fire Alarm
- Fire Detectors Type Outlook
- Flame Detectors
- Smoke Detectors
- Heat Detectors
- Fire Alarms Type Outlook
- Audible Alarms
- Visual Alarms
- Manual Call-points
- Application Outlook
- Regional Outlook
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- North America
In this study, the years considered to estimate the market size of Fire Alarm And Detection are as follows:
- History Year: 2017-2020
- Base Year: 2021
- Forecast Year 2021 to 2030
Reasons to Purchase this Report:– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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The post Global Fire Alarm And Detection Market (by Fire Detectors Type, Fire Alarms Type and Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2030) appeared first on Flair Insight.