Global Emergency Alarm and Evacuation Systems Market 2017-2021

This industry research report identifies Bosch, Hochiki, Honeywell International, Johnson Controls, and Siemens as the key vendors in the global emergency alarm and evacuation systems market. This industry research report also presents a competitive analysis of the market by product type (fire alarms, emergency lighting, mass notification system, and voice evacuation system), by end user (commercial, residential, and industrial), and by geography (the Americas, APAC, and EMEA).

Overview of the global emergency alarm and evacuation systems market

Market research analysts at Technavio predict that the global emergency alarm and evacuation systems market will grow steadily at a CAGR of around 7% by 2021. This market research analysis identifies the increasing adoption of building automation and control systems as one of the primary growth factors for this market. Vendors are developing intelligent and consolidated workstations with distributed control system that can process complex algorithms efficiently to increase the flexibility of operations and to cater to the designer's demand for more flexibility. Building automation and control network (BACnet) mandate the need for integrating the safety and fire safety systems with building automation system. This inclusion of fire safety system in BACnet standards and recognition of BACnet as the international standard will contribute to the growth of this market.

Wireless communication of fire alarm enables the integration of existing control system with fire alarm resultant in increased efficiency, low maintenance, and convenience of handling. Wireless connections such as low power Bluetooth enable devices to enhance the operation of fire alarms and quicken evacuation. Vendors are increasingly involved in innovating and producing wireless protocols that provides various benefits such as faster diagnose of the alarm, easier maintenance, notification, decrease false alarms, and support the quick evacuation. According to this market research report, this development of wireless communications will be one of the key trends behind the growth of the emergency alarm and evacuation systems market.

Competitive landscape and key vendors

The market is highly competitive due to the presence of few established players that have monopoly in the market. Vendors are making efforts to innovate and comply with industry standards to produce high-precision emergency buyers. Players in the emergency alarm and evacuation systems market have the need to produce high-quality products at reasonable prices to attract buyers and to attain competitive edge in the market.

The leading vendors in the market are -

• Bosch
• Hochiki
• Honeywell International
• Johnson Controls
• Siemens

The other prominent vendors in the market are ABB, Automated Logic, Beckhoff, Eaton, Legrand, Schneider Electric, and United Technologies Corporation (UTC).

Segmentation by product and analysis of the emergency alarm and evacuation systems market

• Fire Alarms
• Emergency lighting
• Mass Notification system
• Voice evacuation system

During 2016, the fire alarm segment accounted for the major shares of this market. Factors such as the introduction of regulations that mandate the need for the flexible installation of emergency systems in retrofit applications at both the commercial and industrial sectors will contribute to the growth of this industry segment in the coming years. Additionally, advancements in technologies such as wireless sensors, human machine interface (HMI) solutions, and advanced detection and the increase in construction activities, will also increase the demand for fire alarms.

Segmentation by end user and analysis of the emergency alarm and evacuation systems market

• Commercial
• Residential
• Industrial

During 2016, the commercial segment accounted for the major market shares. The increase in safety awareness among users and the introduction of stringent government regulations will contribute to the growth of the emergency alarm and evacuation systems. Moreover, the rise in urbanization and commercial construction activities and the integration of fire alarm systems with existing security control systems, will also enhance this market segment's growth prospects.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global emergency alarm and evacuation systems market?
• What are the key market trends impacting the growth of the global emergency alarm and evacuation systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global emergency alarm and evacuation systems market?
• What are the market opportunities and threats faced by the vendors in the global emergency alarm and evacuation systems market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global emergency alarm and evacuation systems market? 

Technavio also offers customization on reports based on specific client requirement.

Emergency alarm and evacuation systems consist of safety measures concerning alarm systems that alert the user in the time of an emergency. The upcoming research on the global emergency alarm and evacuation systems market closely monitors industrial automation market, which is an integral part of Technavio's automation market, by analyzing the market size, growth rate, and technological advancements.

Furthermore, the market research analysts at Technavio also in extensive qualitative and quantitative research methodologies to gather data and insights on key drivers, emerging market trends, consumer behavior, buying pattern, and market forecasts. By collecting and validating data from suppliers, vendors, industrial buyers, research report journals, customers, and other key stakeholders the upcoming research report on the global emergency alarm and evacuation systems market provides in-depth market analysis to assist the client in their decision-making process. Siemens, Honeywell, Eaton, TYCO Group, Bosch Security Systems, and UTC Fire &Security are few of the many vendors.

The upcoming research report on the global emergency alarm and evacuation systems market also considers the growth of similar markets such as global industrial automatic data capturing and identification systems market and global building automation and control systems market, which are expected to grow at a CAGR of 6% and 9%, respectively, for the forecast period of 2017 to 2021. According to our analysts, growing awareness of emergency evacuation and regulatory requirements for an alarm system is expected to push the demand for this market.

The upcoming research report on the global emergency alarm and evacuation systems market also includes market analysis, key drivers, competitive landscape, and opportunities and challenges faced by the industry. The report also covers data and insights from robotics sector.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.