Fire Alarm System Market Size, Share, Growth, Trends Analysis Forecast 2021-2026

Industry Insights

[197+ Pages Report] We at Facts & Factors have recently published a report titled “Global Fire Alarm System Market” that encompasses the spectacle of the market in an analytical and comprehensive manner. In the current study, the global fire alarm system market is projected to reach USD 85.2 Billion in the year 2026 from an initial value of USD 61.9 Billion in the year 2020 with growth at a CAGR value of 6.7%.

Market Overview

Fire alarm systems are mechanical equipment that is usually hardwired into the internal infrastructure that has the added ability to warn people when it detects smoke, fire, carbon monoxide, and other fire-related emergencies. These systems often function on automatic detecting and can also be activated via pulling a manual activation point or pull stations. Fire alarm systems will offer a loud warning indicating that toxic and hazardous materials are detected in its surrounding in the form of motorized bells or wall-mounted sounders and horns.

Industry Growth Factors

The global fire alarm system market is expected to witness substantial market growth during the advent of the forecast period owing to critical factors such as the rising construction industry, rising stringent regulations aimed at improving occupants' safety, and rising adoption of wireless technology for fire detection routes to name a few. Additionally, the global fire alarm system market is expected to cover a wider consumer base owing to the integration of smoke detectors into IoT and big data tools coupled with programmable smoke detectors covering a wider range of extremities to name a few. Rising consumer awareness among residents about fire safety systems and their advantages coupled with increased adoption of the latter among educational institutes will increase the footprint of the global fire alarm system market during the forecast duration.

The global fire alarm system market will be driven by massive improvements in principles and guidelines identified with fire safety issues coupled with improvements in remote fire identification frameworks to name a few. Factors such as increasing government based support in the form of financial aid and rising fire-related expenditures by various businesses as standard practice will push the boundaries of the global fire alarm system market to a higher horizon. However, higher cost of installation and maintenance and increasing technical complexities is expected to hamper the growth of the global fire alarm system market during the advent of the forecast period to a certain extent.

Segmentation Analysis

The global fire alarm system market is segmented into product, type, indicator type, application, and region.

On the basis of product, the global fire alarm system market is divided into fire detectors and fire alarm. The segment pertaining to fire detectors is expected to witness the largest market share during the advent of the forecast period owing to rising regulations for installations of fire detectors as standard practices coupled with the addition of innovative measures such as voice-based evacuation to name a few. On the basis of type, the global fire alarm system market is categorized into flame detectors, smoke detectors, and heat detectors. The heat detectors category is expected to occupy the largest market share during the advent of the forecast period owing to increased application base such as covering garages, mechanical rooms, storage facilities, and commercial ketches coupled with advancements in technology to name a few. Based on indicator type, the global fire alarm system market is fragmented into audible alarms, visual alarms, and manual call-points. The segment pertaining to audible alarms is expected to witness the largest market share during the advent of the forecast period owing to the latter’s ability to rapidly relay on people regarding any hazardous situation and audio cues being a vital part of fire detection and prevention systems to name a few. On the basis of application, the global fire alarm system market is classified into commercial, industrial, and residential. The segment pertaining to commercial is expected to witness the largest market share during the advent of the forecast period owing to the increased importance of fire safety equipment and devices in business facilities and practices coupled with an increasing number of business facilities and educational institutes to name a few.

Report Scope

Regional Analysis

Asia-Pacific is expected to witness the fastest growing growth rate during the advent of the forecast period owing to an increased focus on infrastructure development coupled with increasing number of reliable vendors to name a few. Additionally, increasing demand from emerging economies such as India, China, and Japan coupled with rising innovative and technological leaps will further increase the footprint of the fire alarm system market during the forecast period. Increased urbanization measures and rising government support and policies will boost the growth of the fire alarm system market in the region within the set forecast. The region of Europe will witness substantial growth in terms of market share during the forecast period owing to the rising implementation of fire safety norms on national and regional level coupled with rising campaigns by fire brigades and other fire regulatory bodies to name a few.

Competitive Players

The key market participants for the global fire alarm system market are :

• 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
• Hochiki
• Gentex Corporation
• Securiton
• Carrier Global Corporation
• Electro Detectors Ltd

By Product Segment Analysis

• Fire Detectors
• Fire Alarm

By Type Segment Analysis

• Flame Detectors
• Smoke Detectors
• Heat Detectors

By Indicator Type Segment Analysis

• Audible Alarms
• Visual Alarms
• Manual Call-Points

By Application Segment Analysis

• Commercial
• Industrial
• Residential

By Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA