The market size value per capita for electrical burglar or fire alarms in Poland declined from 0.22 Euros in 2013 to 0.14 Euros in 2023. Notably, there was a consistent decline from 2018 onwards. In 2023, the value stood at 0.14 Euros per capita. Over the last two years, the year-on-year decline was approximately -6.6% in 2022 and -6.7% in 2023. When examining the last five years, the compound annual growth rate (CAGR) was approximately -3.7%, indicating a steady downward trend over this period.
Future trends to watch for:
- Technological advancements in alarm systems could influence market growth.
- Increased demand for IoT-enabled alarms may impact per capita values.
- Economic factors and changes in consumer preferences could alter future market dynamics.