Fire Alarm Market Size Expected to USD 56.49 Billion by 2030 CAGR of 7.3% | Reports and Data

Strict government regulations on installing firefighting equipment in commercial and industrial premises

Market Size – USD 29.91 Billion in 2021, Market Growth – at a CAGR of 7.3%, Market Trends –Rising trends of installing smart fire alarm systems among consumers

The fire alarm market size was USD 29.91 Billion in 2021 and is expected to register a revenue CAGR of 7.3% during the forecast period, according to the latest report by Reports and Data. Installation of smart fire alarm systems is gaining popularity among consumers and generating a number of opportunities for fire alarm manufacturers. On 19 April 2021 for instance, Siemens, which is a Germany-based global conglomerate company, introduced a new iteration of Cerberus FIT, a fire prevention system. The new Cerberus FIT control panel offers an intuitive user interface, self-explanatory LED indicators, and an easy-to-read display. Cerberus FIT is a cost-effective solution. These new innovations are driving market revenue growth.

Electrical distribution networks are a major contributor to house fires worldwide. Due to the rise in electrical short circuit-related fires caused by an overload of current and related dangers and consumer damages, many homeowners and developers are heavily investing in fire alarms to reduce the risk of fire and smoke, which is driving revenue growth of the fire alarm market.

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Companies profiled in the market report are Robert Bosch GmbH, Siemens AG, Honeywell International Inc., Schneider Electric, Eaton Corporation plc, Napco Security Technologies, Inc., Carrier, ABB, Kentec Electronics Ltd., and NITTAN COMPANY, LTD

Some Key Highlights From the Report

• The manual initiating devices segment is accounted for a larger revenue share in 2021. Manual pull station types are convenient to initiate a fire alarm in case of an emergency. This means an individual has to break the glass or plastic covers containing pull station for triggering the alarm button. Two types of pull stations such as single action or dual action fire alarm product types are commercially available in the market. Automatic initiating devices automatically activate after detecting heat, smoke, or fire. One of the major advantages of automatic devices is that it quickly senses before it spreads. A large number of builders, developers as well as consumers highly adopt manual pull stations for prevention of fire, these factors are significantly driving revenue growth of the segment.
• The addressable system segment is accounted for a larger revenue share in 2021. Addressable system is wired connected through loop system with control panel DIP (Dual In-Line Package) switches. Addressable systems can be connected in a single loop up to 99 devices and wire be extended up to 3.3 km depends on the ability of fire control panel system. These systems are convenient to monitor and fire locations can be easily figured out from connected circuit. Intelligent systems are highly complex and expensive as compared to conventional as well as addressable fire detection systems. These systems are incorporated with accurate sensors and computerized algorithms. Wireless alarm systems are cost friendly due to quick wireless installation without shutting down entire premises. Wireless fire alarm systems are remotely interconnected through control panel and central fire alarm circuit can be activated through call point radio signal transmission.
• Commercial segment accounted for a larger revenue share in 2021. Fire alarms are highly adopted in commercial spaces such as office, hospitals, schools, shopping mall and retail stores, hotels and restaurants, and others. According to research, fires in commercial properties cost owners over USD 2.4 billion per year. Commercial property fires such as hotels, restaurants and cafes are caused by food preparation from stoves and ovens. Industrial fires are major segment in generating revenue in the fire alarm market. According to, the National Fire Protection Association (NFPA) the U.S., structure fire such as commercial or industrial buildings accounted for 35% in 2020. A large number of industrial fire instances are caused by electrical malfunctions. Fire alarms are highly adopted in industrial premises such as factories, manufacturing shop floor warehouses for fire-related emergencies. Home fire instance has been increased over the years. A large number of residential owners are installing fire alarms to prevent fatalities and damages from fire, which is significantly driving revenue growth of the segment.
• North America accounted for largest revenue share in the fire alarm market in 2021. Increasing instances of fire and fatalities in the region is driving revenue growth of fire alarm market. According to the Insurance Information Institute (III), every 89 sec a home fire and property loss occurred and damages accounted for USD 32,430 million in the U.S. These instances are increasingly generating demand for fire alarms. Moreover, stringent regulations and fire prevention regarding installation of fire alarms in public properties such as offices, hospitals, schools, shopping malls, and retail stores are driving revenue growth in the region.
• On 19 April 2021, Siemens AG, which is a German multinational conglomerate corporation, launched a new version of the fire protection system Cerberus FIT specifically for the small to medium-sized buildings market. Cerberus FIT is a cost-effective solution and the new Cerberus FIT control panel has a simple user interface, self-explanatory LED indicators, and an easy-to-read display. This saves on time-consuming training and enables facility workers to handle basic operational duties independently and without consulting specialists.

For the purpose of this report, Reports and Data has segmented the fire alarm market based on product type, connectivity, end-use, detectors, and region:

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Product Type Outlook (Revenue, USD Billion; 2019-2030)

• Manual initiating devices
• Automatic initiating devices
• Others

Connectivity Outlook (Revenue, USD Billion; 2019-2030)

• Addressable system
• Intelligent system
• Wireless system
• Others

End-use Outlook (Revenue, USD Billion; 2019-2030)

• Commercial
• Industrial
• Residential

Detectors Outlook (Revenue, USD Billion; 2019-2030)

• Ionization Detectors
• Photoelectric Detectors
• Heat Detectors

Regional Outlook (Revenue, USD Billion; 2019-2030)

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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Key Attentions of Fire Alarm Market Report:

• The report offers a comprehensive and broad perspective on the global Fire Alarm market.
• The market statistics represented in different Fire Alarm segments offer a complete industry picture.
• Market growth drivers and challenges affecting the development of Fire Alarm are analyzed in detail.
• The report will help in the analysis of major competitive market scenarios, and market dynamics of Fire Alarm.
• Major stakeholders, key companies Fire Alarm, investment feasibility, and new market entrants study are offered.
• The development scope of Fire Alarm in each market segment is covered in this report. The macro and micro-economic factors affecting the Fire Alarm market
• Advancement is elaborated on in this report. The upstream and downstream components of Fire Alarm and a comprehensive value chain are explained.

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About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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