Radiant Insights,IncRadiantInsights.com has announced the addition of "Global Fire Detection Equipment Market Size,Trends, Growth And Forecast Report Up To 2018 : Radiant Insights, Inc" Market Research Report to their Database.
The global Fire Detection Equipment Market is projected to showcase profitable growth in terms of revenue by 2022. Increasing need to protect infrastructure and to reduce human loss and technological improvements in fire detection devices can drive the global market. Stringent fire and safety regulations can propel the market during the forecast period (2018 to 2022).
A fire detection system is made up of several devices working together to identify and warn individuals through audio or visual appliances in case of emergency. It can detect the presence of fire, smoke, and carbon monoxide (CO) in the premises. Increasing adoption of automated systems in residential, commercial, and industrial buildings can create positive impact on the market.
Deployment of fire detection equipment systems avoids hazards of fire breakouts as these automatic detection systems identify danger and provide information about the fault. Growing adoption of wireless detection systems is also anticipated to bode well for the market in the forthcoming years. These systems are extensively implemented due to their cost-effectiveness and easy installation. These systems offer reliable wireless connection for controlling panels using wireless signal instead of wires.
The worldwide fire detection equipment market can be segmented on the basis of product, end-user, and region. Based on product, the market can be divided into sensors/detectors, fire alarm control panels, alarms, bus alarm systems, and others). As per end-user, the fire detection equipment market can be fragmented into commercial, residential, industry, and transport.
Geographically, the fire detection equipment market can be divided into Europe, North America, and Asia Pacific. North America is one of the largest markets due to high adoption of advanced sensors/detectors. The region is followed by Europe and Asia Pacific in terms of market share and adoption of fire detection equipment. Europe is likely to exhibit rapid growth during the forecast period. Wireless detection systems are increasing implemented in the region. Strict government policies regarding the installation of smoke detectors in residential properties in several countries including the UK, Germany, and France can drive the regional market in near future.
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The Asia Pacific fire detection equipment market is expected to grow swiftly over the forecast period. The growth can be attributed to rapid industrialization and urbanization, large-scale investments in real estate schemes, and improving transport network across the region. Rising awareness and improving economic condition in the region will also boost the demand from India and China. Government bodies in countries like India have increased focus on fire and safety audits as small organizations generally opt for economical equipment. Moreover, regular audits and awareness programs further drive the regional market.
Key participants in the global fire detection equipment market include AFEX, Amerex, Globe Fire Sprinkler, Siemens, and Tyco. The market is extremely competitive and fragmented due to the existence of several international and local companies. Most market players are mainly emphasizing on providing innovative, customized, and highly accurate fire detection solutions. The market players are also focused on producing products that can meet the international standards and can help them expand their businesses on global scale.
For instance, Johnson Controls recently introduced a fire detection system called Autocall. It can be used in simple office building as well as multi-facility campuses. The system includes Autocall Truesite Workstatio that is used for system monitoring. The workstation can support android and Apple handsets through the company’s mobile client app. It consists of LED notifications complying with the recent National Fire Protection Association (NFPA) requirements and its speakers can get the security message out during emergency situations.
Full research report on Fire Detection Equipment Market Analysis @ https://www.radiantinsights.com/research/global-fire-detection-equipment-market-research-report-2018
The report includes six parts, dealing with:
1.) Basic information;
2.) The Asia Fire Detection Equipment Market;
3.) The North American Fire Detection Equipment Market;
4.) The European Fire Detection Equipment Market;
5.) Market entry and investment feasibility;
6.) The report conclusion.
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