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The Wireless Fire Detection Systems by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033)
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According to The Business Research Company’s Wireless Fire Detection Systems, The wireless fire detection systems market size has grown strongly in recent years. It will grow from $2.03 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to industry-specific applications, integration with smart technologies, safety and regulatory changes, cost efficiency and savings.
The wireless fire detection systems market size is expected to see strong growth in the next few years. It will grow to $2.93 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to industry-specific requirements, cost competitiveness, regulatory compliance, integration with iot and smart solutions, remote accessibility and monitoring.. Major trends in the forecast period include enhanced safety standards, cost efficiency, integration with smart buildings, ease of installation and maintenance, technology evolution.
The increasing construction industry is expected to propel the growth of the wireless fire detection systems market going forward. The construction industry includes the building of roads and other service facilities as well as repair of buildings and other immovable structures that have become fundamental components of structures and are necessary for their use. The wireless fire detection systems are a part of a building that notify building occupants to take evasive action to escape the dangers of hostile fire. For instance, according to Oxford Economics, a UK-based provider of economic forecasting, and analysis, global construction grew by 6.6% in 2021, and further, it is expected to grow by 35% by 2030. Therefore, the increasing construction industry is driving the growth of the wireless fire detection systems market.
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The wireless fire detection systems market covered in this report is segmented –
1) By Product: Smoke Detector, Heat Detector, Gas Detector, Multi Sensor Detector
2) By Model: Fully wireless, Hybrid
3) By Installation Type: New installation, Retrofit
4) By Application: Indoor, Outdoor
5) By Vertical: Residential, Commercial, Government, Manufacturing
Technological advancements are a key trend gaining popularity in the wireless fire detection systems market. Major companies operating in the wireless fire detection systems market are focused on developing new technologies to strengthen their position in the market. For instance, in January 2022, Kentec Electronics, a UK-based renowned manufacturer of life-critical control systems launched K-Mesh, which can be used with Kentec’s addressable fire alarm panels. It is a self-healing and configuring Mesh technology-based next-generation wireless detection system that offers the highest levels of reliability. With the use of wireless sound, light, and voice command features, K-SmartGuide Mesh’s new UNIQUE technology promotes safe and strategic building evacuation while offering the highest level of clarity in evacuation directions.
The wireless fire detection systems market report table of contents includes:
1. Executive Summary
2. Wireless Fire Detection Systems Market Characteristics
3. Wireless Fire Detection Systems Market Trends And Strategies
4. Wireless Fire Detection Systems Market – Macro Economic Scenario
5. Global Wireless Fire Detection Systems Market Size and Growt
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26. South America Wireless Fire Detection Systems Market
27. Brazil Wireless Fire Detection Systems Market
28. Middle East Wireless Fire Detection Systems Market
29. Africa Wireless Fire Detection Systems Market
30. Wireless Fire Detection Systems Market Competitive Landscape And Company Profiles
Top Major Players:
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