Overview and Scope
A wireless fire detection system is a fire alarm appliance that identifies a fire through automatic methods and then alert building occupants to a fire condition. It offers a dependable, simple-to-install, battery-powered solution for short-term or long-term applications that can be swiftly deployed. The main advantage of this is portability, as it is easy to install anywhere.
Sizing and Forecast
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..
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Segmentation & Regional Insights
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
North America was the largest region in the wireless fire detection systems market in 2023. North America is expected to be the wireless fire detection systems market report fastest-growing region in the forecast period. The regions covered in the wireless fire detection systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the wireless fire detection systems market report are Siemens AG, Electro Detectors Ltd., EMS Wireless Fire and Security Ltd., Sterling Safety Systems, EuroFyre Ltd., Honeywell International Inc., Halma Plc., Detectomat Systems GmbH, Robert Bosch GmbH, Tyco International Plc., Hochiki Corporation, Zeta Alarms Ltd., Ceasefire Industries Pvt. Ltd., Johnson Controls, Napco Security Technologies Inc., Argus Security SRL, Apollo Fire Detectors Limited, Wagner Group GmbH, Sensirion GmbH, Nittan Fire & Security Ltd., Potter Electric Signal Co., Fire-Dex, Fire Systems Ltd., Advanced Fire Detection Systems Ltd., Allerton Fire Protection Ltd., Amerex Fire Sprinkler Corporation, American Fire Sprinkler Company, Ansul Fire Systems, Forsafe Limited., GE Security .
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 Growth
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31. Global Wireless Fire Detection Systems Market Competitive Benchmarking
32. Global Wireless Fire Detection Systems Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Wireless Fire Detection Systems Market
34. Wireless Fire Detection Systems Market Future Outlook and Potential Analysis
35. Appendix
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