Wireless Fire Detection System Market by End-user and Geography - Forecast and Analysis 2022-2026

The wireless fire detection system market share is expected to increase by USD 122.98 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.37%.

This wireless fire detection system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers wireless fire detection system market segmentation by end-user (industrial, commercial, and residential) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The wireless fire detection system market report also offers information on several market vendors, including BNB Security and Automation Solutions Pvt Ltd, Carrier Global Corp., Ceasefire Industries Pvt. Ltd., Detectomat GmbH, Electro Detectors Ltd, EMS-CHEMIE HOLDING AG, EuroFyre Ltd, Halma Plc, HOCHIKI Corp., Honeywell International Inc., Johnson Controls International Plc, JSE Infratech Pvt. Ltd., Keystone Fire Protection Co., Napco Security Technologies Inc., Robert Bosch GmbH, Siemens AG, Tyco International PLC, VRF Ltd., Zeta Alarms Ltd., and Apollo Fire Detectors Ltd. among others.

What will the Wireless Fire Detection System Market Size be During the Forecast Period?

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Wireless Fire Detection System Market: Key Drivers, Trends, and Challenges

The integration of smoke detectors with IoT and big data is notably driving the wireless fire detection system market growth, although factors such as high installation and maintenance cost of wireless fire detection systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the wireless fire detection system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Wireless Fire Detection System Market Driver

The integration of smoke detectors with IoT and big data is one of the key drivers supporting the wireless fire detection system market growth. The increase in concerns about fire safety has prompted the guidelines to be set by the US Fire Administration. Fire detectors must now be installed inside every bedroom, outside each sleeping area, and on each level of the home, including the basement, and one carbon monoxide detector on each level and in each sleeping area. 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. With the rapid development of fire detectors, IoT, and big data technologies, the concept of smart smoke detectors has come to force, leading to the adoption of smoke detectors. Such factors are likely to drive the growth of the global wireless fire detection market during the forecast period.

Key Wireless Fire Detection System Market Trend

The advent of 3D fire and gas mapping tool is another factor supporting the wireless fire detection system market growth. The tool helps in the fast and reliable detection of gas or fire releases, which is one of the most crucial aspects in ensuring the safety of an industrial plant. The implementation of the 3D fire and gas mapping tool in an industrial setup helps in the optimization of the number and location of F and G(fire and gas) detectors. Furthermore, these tools operate in 3D. They are even capable of loading complex computer-aided design models and have inbuilt logic detectors that help determine whether the layout of one detector is better than another.  Moreover, they are fully 3D flame and gas detection assessments, fully configurable and compliant with every oil and gas design methodology, and include other such features. All these factors are expected to drive the growth of the global wireless fire detection system market during the forecast period.

Key Wireless Fire Detection System Market Challenge

The high installation and maintenance cost of wireless fire detection systems is one of the factors hindering the wireless fire detection system market growth. For instance, the labor charge for the installation of wireless fire detection 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 vendors need to regularly upgrade their solutions and develop new technologies due to the requirements for more responsive, accurate, and sophisticated systems. They are spending a large amount of money developing these advanced technologies, which increases the cost of procurement for residential enterprises and government agencies. Thus, the high installation and maintenance cost of wireless fire detection systems is expected to limit the growth of the market during the forecast period.

This wireless fire detection system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global wireless fire detection system as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the wireless fire detection system market during the forecast period.

Who are the Major Wireless Fire Detection System Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• BNB Security and Automation Solutions Pvt Ltd
• Carrier Global Corp.
• Ceasefire Industries Pvt. Ltd.
• Detectomat GmbH
• Electro Detectors Ltd
• EMS-CHEMIE HOLDING AG
• EuroFyre Ltd
• Halma Plc
• HOCHIKI Corp.
• Honeywell International Inc.
• Johnson Controls International Plc
• JSE Infratech Pvt. Ltd.
• Keystone Fire Protection Co.
• Napco Security Technologies Inc.
• Robert Bosch GmbH
• Siemens AG
• Tyco International PLC
• VRF Ltd.
• Zeta Alarms Ltd.
• Apollo Fire Detectors Ltd.

 

This statistical study of the wireless fire detection system market encompasses successful business strategies deployed by the key vendors. The wireless fire detection system market is fragmented and the vendors are deploying growth strategies such as product features, prices, and monitoring services offered to compete in the market.

Product Insights and News

• Gentex Corp. - The company offers automatic-dimming rearview, non-dimming mirrors, and various electronic modules for the automotive industry.
• Gentex Corp. - In November, 2020, Gentex Corporation and PayByCar Inc. announced a commercial agreement to increase the number of drivers to pay for gas and other essentials directly from their vehicle.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The wireless fire detection system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Wireless Fire Detection System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the wireless fire detection system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Wireless Fire Detection System Market?

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50% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for wireless fire detection system market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Increased awareness toward using fire safety compliance across end-user industries will facilitate the wireless fire detection system market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic negatively affected the growth of the wireless fire detection system market in APAC. However, as the pandemic subsides and industrial activities, such as manufacturing and construction, resumed, the demand for wireless fire detection systems is expected to bounce back to its pre-COVID-19 levels. Furthermore, government initiatives to support economic activities may encourage the setting up of new industrial units and building constructions, which, in turn, will drive the growth of the regional market during the forecast period.

What are the Revenue-generating End-user Segments in the Wireless Fire Detection System Market?

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The wireless fire detection system market share growth by the industrial segment will be significant during the forecast period. The industrial sector primarily includes manufacturing facilities such as pharmaceutical, oil and gas, and others. The growth of these industries will directly impact the adoption of wireless fire detection systems across industrial facilities. The growing number of initiatives in capacity expansion and the increase in industrial manufacturing facilities in developing countries are positively impacting the demand for wireless fire detection systems in industrial settings. Such increasing demand will drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the wireless fire detection system market size and actionable market insights on post COVID-19 impact on each segment.

 

Wireless Fire Detection System Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.37%
Market growth 2022-2026	$ 122.98 million
Market structure	Fragmented
YoY growth (%)	5.55
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 50%
Key consumer countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	BNB Security and Automation Solutions Pvt Ltd, Carrier Global Corp., Ceasefire Industries Pvt. Ltd., Detectomat GmbH, Electro Detectors Ltd, EMS-CHEMIE HOLDING AG, EuroFyre Ltd, Halma Plc, HOCHIKI Corp., Honeywell International Inc., Johnson Controls International Plc, JSE Infratech Pvt. Ltd., Keystone Fire Protection Co., Napco Security Technologies Inc., Robert Bosch GmbH, Siemens AG, Tyco International PLC, VRF Ltd., Zeta Alarms Ltd., and Apollo Fire Detectors Ltd.
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, 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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What are the Key Data Covered in this Wireless Fire Detection System Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive wireless fire detection system market growth during the next five years
• Precise estimation of the wireless fire detection system market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the wireless fire detection system industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of wireless fire detection system market vendors

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