Global Fire Alarm Market

Global Fire Alarm Market Size, Share, Growth Analysis, By Product(Fire detectors, Fire alarms), By Detector Type(Flame detectors, smoke detectors), By Alarm Type(Audible alarms, Visual alarms), By Application(Automotive, power & utility), By End-User(Consumer Electronics, Healthcare) - Industry Forecast 2022-2028


Report ID: SQSG20L2010 | Region: Global | Published Date: December, 2022 | Pages: 157

Global Fire Alarm Market Insights

Global Fire Alarm Market size was valued at USD 29.75 billion in 2021 and is expected to reach USD 48.40 billion by 2028, growing at a CAGR of 7.2% during the forecast period (2022-2028).

Increasing awareness among individuals about protection against fire incidents is expected to expand the demand for the fire alarm market during the projection period. Factors such as the ongoing progress in the construction enterprises, the expansion of residential & commercial infrastructures throughout the globe, and the increased rate of fire protection system deployment in educational universities are propelling the market growth during the forecast period. 

Additionally, rising fire-related expenditure of different corporations and the rise in loss & deaths of properties is also helping to drive the market growth. Increased awareness about safety & security and the continuous technological developments in alarming devices will shape the future of the market. Government initiatives & support are becoming more prevalent, along with the rising construction of smart buildings, which boost market growth during the forecast period.

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Global Fire Alarm Market Segmental Analysis

Global Fire Alarm Market is segmented on the basis of application, end-user, and region as well. By application, the market is segmented into Fire safety, electrical fire safety, and heater fire safety. By end-user, the market is categorized into consumer electronics, healthcare, automotive, aerospace & defence, and others. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.

Analysis by Product

The manual initiating devices segment 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 must break the glass or plastic covers containing a 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.

Analysis by End-User

The commercial segment accounted for a larger revenue share in 2021. Fire alarms are highly adopted in commercial spaces such as offices, hospitals, schools, shopping malls and retail stores, hotels, restaurants, and others.

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 a major segment in generating revenue in the fire alarm market. 

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Global Fire Alarm Market Regional Insights

Globally, North America accounted for the largest global fire alarm market share in 2021. Increasing instances of fire and fatalities in the region is driving revenue growth of the market.

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 these alarms.

Stringent regulations and fire prevention regarding installation of these alarms in public properties such as offices, hospitals, schools, shopping malls, and retail stores are driving revenue growth in the region.

Europe accounted for a steady revenue share in the fire alarm market in 2021. Rising awareness of installation of firefighting systems in industrial and commercial premises is significantly driving revenue growth in the region.

Around 50 people death occurred due to fire fatalities in 2021. Also, many consumers are installing firefighting equipment such as smoke alarms for fire prevention has also contributed to revenue growth of the market in the region.

Asia Pacific accounted for a moderate revenue share in the global market in 2021. Rising developments in building and construction are attributed to revenue growth in the region.

A large number of builders and developers are highly adopting firefighting equipment such as fire alarms to warn residents and firemen and keep commercial and residential properties safe from the threat of fire.

Also, these alarms are highly adopted in industrial premises such as warehouses and power plants are driving revenue growth of the market in the region.

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Global Fire Alarm Market Dynamics

Drivers

Rising Demand for Worker’s Safety at Critical, Industrial Setting to Bring Lucrative Opportunities for Global Fire Alarm Market

  • The demand for advanced fire safety systems in fire-prone industrial settings, such as automotive, power & utility, mining, petrochemical, and oil & gas exploration, will drive the market growth over the next seven years.
  • Fire safety between the newly minted work-from-home model considering the COVID-19 pandemic has gained prominence. With businesses slowly reopening in some parts of the world, building managers or facility owners are securing and maintaining fire protection systems.

Restraint 

Compromised Quality and Efficiency to Hinder Market Growth

  • Fire alarm systems are designed to provide caution against fire, but they do not guarantee warning or protection against fire. Any fire detection system is subject to compromise or failure to warn for a variety of reasons.
  • For instance, the particles of smoke from a developing fire may not reach the sensing chambers of the smoke detector, or the amount of smoke present may be insufficient to alarm smoke detectors. 

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Global Fire Alarm Market Competitive Landscape

Global Fire Alarm Market is fragmented with the presence of several big players such as Robert Bosch GmbH, Honeywell International, Inc., Gentex Corporation, Halma plc. Major payers are primarily focusing on the development, innovation, and efficiency of products to provide various benefits related to Fire. Increasing R&D investments is another strategy opting by key players to strengthen their market position.

Top Player’s Company Profiles 

  • Napco Security Technologies, Inc.
  • Siemens AG, United Technologies Corp.
  • Johnson Controls International plc.
  • Nittan Co., Ltd.
  • Robert Bosch GmbH
  • Honeywell International, Inc.
  • Gentex Corporation
  • Halma plc.
  • Minimax USA LLC
  • Fike Corporation
  • Tyco International PLC
  • Robert Bosch GmbH
  • Hochiki Corporation
  • Emersion Electric Co.

Recent Developments

  • In May 2021, Det-Tronics, a part of the Carrier Global Corporation, launched the BluEdge service platform, a differentiated service offering for its customers operating at high-hazard petroleum and oil & gas facilities.
  • In April 2021, Marioff has signed a contract with Rauma Marine Constructions (RMC) in Rauma, Finland, to deliver HI-FOG high-pressure water mist fire suppression systems to four new Pohjanmaa-class multi-purpose corvettes, part of the Finnish Navy’s Squadron 2020 project.

Global Fire Alarm Key Market Trends

Global Fire Alarm Market to Witness Increasing Trend of Technologically Advanced Systems

  • Consumers are preferring smart modern fire alarm systems to prevent potential fatalities and damages. Also, these alarm systems are more sensitive and effective compared to conventional systems. This consumer positively affected demand for these products, which has further contributed to revenue growth of the fire alarm market.
  • Installation of smart fire alarm systems is gaining popularity among consumers. A large number of business-to-business (B2B) and business-to-consumer (B2C) are highly investing and upgrading fire alarm systems enabled with wireless technology and smart devices to protect and manage automated buildings from a mobile application or remote-control panel. 

Global Fire Alarm Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global Fire Alarm Market analysis, the market is witnessing a significant growth as users are looking for the latest technology, and the market is seeing growing investment.  

For facility owners and managers, one of the most effective ways to enhance overall protection could be through the integration of the fire alarm system with other building systems, such as mass notification systems and security systems. Catering growing needs will provide players with lucrative growth opportunities.

Report Metric Details
Market size value in 2021 USD 29.75 billion
Market size value in 2028 USD 48.40 billion
Growth Rate 7.2%
Base year 2021
Forecast period 2022-2028
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Fire detectors, Fire alarms
  • Detector Type
    • Flame detectors, smoke detectors, heat detectors
  • Alarm Type
    • Audible alarms, Visual alarms, Manual call-points
  • Application
    • Automotive, power & utility, mining, petrochemical, oil & gas
  • End-User
    • Consumer Electronics, Healthcare, Automotive, Aerospace & Defense, others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Napco Security Technologies, Inc.
  • Siemens AG, United Technologies Corp.
  • Johnson Controls International plc.
  • Nittan Co., Ltd.
  • Robert Bosch GmbH
  • Honeywell International, Inc.
  • Gentex Corporation
  • Halma plc.
  • Minimax USA LLC
  • Fike Corporation
  • Tyco International PLC
  • Robert Bosch GmbH
  • Hochiki Corporation
  • Emersion Electric Co.
Customization scope

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  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Fire Alarm Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Fire Alarm Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Fire Alarm Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Fire Alarm Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Fire Alarm Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Fire Alarm Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Fire Alarm Market size was valued at USD 29.75 billion in 2021 and is expected to reach USD 48.40 billion by 2028, growing at a CAGR of 7.2% during the forecast period (2022-2028).

Global Fire Alarm Market is fragmented with the presence of several big players such as Robert Bosch GmbH, Honeywell International, Inc., Gentex Corporation, Halma plc. Major payers are primarily focusing on the development, innovation, and efficiency of products to provide various benefits related to Fire. Increasing R&D investments is another strategy opting by key players to strengthen their market position.'Napco Security Technologies, Inc.','Siemens AG, United Technologies Corp.','Johnson Controls International plc.','Nittan Co., Ltd.','Robert Bosch GmbH','Honeywell International, Inc.','Gentex Corporation','Halma plc.','Minimax USA LLC','Fike Corporation','Tyco International PLC','Robert Bosch GmbH','Hochiki Corporation','Emersion Electric Co.'

The demand for advanced fire safety systems in fire-prone industrial settings, such as automotive, power & utility, mining, petrochemical, and oil & gas exploration, will drive the market growth over the next seven years.

Consumers are preferring smart modern fire alarm systems to prevent potential fatalities and damages. Also, these alarm systems are more sensitive and effective compared to conventional systems. This consumer positively affected demand for these products, which has further contributed to revenue growth of the fire alarm market.

Globally, North America accounted for the largest global fire alarm market share in 2021. Increasing instances of fire and fatalities in the region is driving revenue growth of the market.

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Global Fire Alarm Market

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