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The fire protection system market size is forecast to increase by USD 14.41 billion, at a CAGR of 7.07% between 2022 and 2027. The growth of the smoke detector market depends on several key factors. One such factor is the integration of smoke detectors with the Internet of Things (IoT) and big data, which allows for more efficient monitoring and response to potential fire hazards. Additionally, rising governmental concerns about fire safety are driving the demand for advanced smoke detection technologies. Moreover, the growth of the construction industry, especially in developing regions, is contributing to the expansion of the market as new buildings require modern fire safety solutions. These factors combined are expected to drive significant growth in the smoke detector market in the coming years.
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The market serves a wide range of sectors, from commercial applications to educational institutions and private sector building owners. With policies and regulations governing safety standards, installation and design services ensure compliance with national and international regulatory authorities. Fire alarm systems, wireless sensor networks, and building automation systems (BAS) form the backbone of fire protection programs (FPP), enhancing energy efficiency and fire safety procedures. Supply chain disruption can impact the availability of crucial components like fire hose reels and automatic sprinkler systems, underscoring the importance of retrofit infrastructure and construction equipment in maintaining fire protection readiness.
This report extensively covers market segmentation by product (fire detection, fire suppression, fire response, and fire analysis), application (commercial, industrial, and residential), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
The market share growth by the fire detection segment will be significant during the forecast period. A fire detection system comprises various devices, such as smoke detectors, alarms, water sprinklers, servers (alarm-initiating device circuits), and fire suppression and extinguishment, which work collectively to help detect and warn people through video and audio equipment such as speakers and alarms during an incident involving smoke, carbon monoxide, and fire.
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The fire detection segment was valued at USD 10.64 billion in 2017. Various regulatory requirements by government organizations, such as the National Fire Protection Association in the US and the Building Code of Australia, have mandated the installation of fire detection systems. Similarly, mandating the implication of fire detection systems in public places such as malls, hospitals, stadiums, and other public gatherings globally will drive the demand for the fire detection segment and fuel the global market growth during the forecast period.
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APAC is estimated to contribute 35% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to companies is North America. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America held the largest market share of the global fire protection system market in 2022. This is attributed to the high demand for intelligent houses and smart buildings, which offer optimum safety in the region. Furthermore, the presence of strong market players, such as Raytheon Technologies Corporation, Gentex Corp., and Honeywell International, Inc, in the region has led to the active involvement of these companies in advertising their products, which has increased the awareness of various fire protection systems among the people in the region. Market players are also adopting strategic initiatives and are undertaking several measures to gain benefits from the opportunities in the emerging markets of APAC. Additionally, they have also launched advanced products to meet evolving customer needs. Hence, such factors are boosting the regional market growth during the forecast period.
In the market, stakeholders like federal custodians, tenants, and facility management play critical roles in ensuring safety. Local fire service agencies collaborate with fire sprinkler contractors to implement fire hydrant systems and stairwell-pressurization systems, enhancing smoke management and ventilation system. As part of labor program, training and certification for fire protection systems are essential. This market thrives on innovations such as advanced fire sprinkler technology and smart fire detection systems, meeting the evolving needs of diverse industries. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The integration of smoke detectors with IoT and big data is notably driving the market growth. The latest trend of IoT-enabled smart smoke-detecting solutions helps customers prevent false alarms and offers enhanced security with advanced risk monitoring and instant action in any adversity. Customers can turn off the alarm via their IoT-enabled devices in case of false alarms, and an IoT-enabled system notifies the user about the need to change or replace batteries and other wearables. Besides, the integration with smartphones will drive the adoption of smoke detectors and other fire protection systems during the forecast period.
Further, the implementation of residential safety standards is driving the growth of the market in focus. Photoelectric detectors tend to be more commonly used in homes, as they are quick to detect smoke coming from burning fabrics and furnishings. Moreover, smart smoke detectors are programmable and can be easily connected to Wi-Fi networks in homes and commercial spaces. These detectors provide smoke detection alerts and easy control through mobile devices and facilitate easy monitoring of the battery status. Therefore, such factors are likely to drive the growth of the global market during the forecast period.
Growth in the adoption of wireless technology in fire detection systems is an emerging trend in the market. Wireless fire detection and alarm systems do not require traditional cabling. Such solutions are simple and fast to install and highly responsive. This makes these systems ideal for buildings where the interior must remain intact and where high aesthetics and the simplicity of installing wires are crucial. A wireless fire detection system consists of a radio gateway, radio fire detectors, and radio manual call points. A dual-band system with two frequency ranges (433 MHz and 868 MHz) and with numerous channels is used for the communication between the radio gateway and radio devices to improve communication stability.
Moreover, all radio devices communicate with their neighbors. Therefore, redundant transmission paths are available to communicate to the gateway. Furthermore, a wireless fire protection system can be easily integrated with a traditional fire protection system, which further opens the opportunity to renovate traditional fire protection systems to incorporate wireless technology. Therefore, these factors will fuel the global market growth during the forecast period.
Major Market Challenge
High installation and maintenance costs of fire protection systems are major challenges impeding the market growth. High initial investments are required for the implementation of fire protection systems. This is due to the requirement for many components, such as alarms, smoke detectors, and fire suppression systems, which collectively cost high. Furthermore, the labor charge for the installation of fire protection systems is high. This is due to the complexity of networks and the need to develop sophisticated tools to counter a fire situation.
Moreover, the companies in the market need to upgrade their solutions and develop new technologies regularly due to the requirements for more responsive, accurate, and sophisticated systems. Market players are spending a large amount of money on developing these advanced technologies, which increases the cost of procurement for residential enterprises and government agencies. Thus, factors like these are expected to limit the growth of the market in focus during the forecast period.
The report includes the market's adoption lifecycle, covering the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Fire Suppression Ltd. - The company focuses on fire suppression systems, offering fire suppression and VESDA smoke detection solutions.
The market forecast report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments
In the market, response teams and fire control communicators are vital for swift action during emergencies. Sprinkler supervisory systems and fire detection devices enhance safety measures. Compliance with building codes and fire safety norms drives fire suppression system installations. Technology and materials advancements aid risk management and address safety concerns. Regulatory updates such as the Fire Safety Order and Royal Assent impact responsible persons and manufacturers. Fire analysis software and real-time information bolster fire mapping efforts, benefiting construction activities and maintenance services. The market thrives on managed services, energy and power sectors, and wireless alarm systems featuring innovative water mist technology for efficient fire protection.
Further, fire protection systems encompass a range of components like fire extinguishers, fire alarm equipment, and fire sprinkler system essential for safeguarding residential buildings, apartments, and individual units. Compliance with fire codes and regulations requires the expertise of executive leadership and responsible persons (RPs). Installers play a key role in retrofitting buildings with passive and active fire protection systems like heat detectors, RFID systems, and flame detectors. Economic advancements drive investments in fire safety systems across sectors like oil & gas, fostering demand for innovative software and technology solutions such as fire modeling and simulation software developed by companies like BakerRisk. Additionally, the market witnesses growth in water supply and distribution systems, with wet-pipe, dry-pipe, pre-action, and deluge fire sprinklers ensuring comprehensive fire protection.
Market Scope |
|
Report Coverage |
Details |
Page number |
174 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.07% |
Market growth 2023-2027 |
USD 14.41 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.12 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 35% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB, API Group Corp., Carrier Global Corp., Eaton Corp. Plc, Encore Fire Protection, Fire Suppression Ltd., Fireline Corp., Firetrol Protection Systems Inc., Gentex Corp., Halma Plc, Hochiki America Corp., Honeywell International Inc., Johnson Controls International Plc., Minimax GmbH and Co. KG, Napco Security Technologies Inc., Raytheon Technologies Corp., Robert Bosch GmbH, Securitas AB, Securiton AG, and Siemens AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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