The Electric Burglar or Fire Alarms for Buildings Market in Finland was valued at 37.987 million euros in 2023. Over the last decade, the market experienced significant fluctuations, marked by a sharp rise in 2017 at 26.67% followed by more moderate growth and some decline in subsequent years. The year 2021 witnessed a decline of 6.43%, but recovery was evident with a 9.66% increase in 2022 and further growth by 3.28% in 2023. The five-year CAGR from 2019 to 2023 stood at 2.9%, indicating a gradual growth trend.
Future trends to watch:
- Adoption of smart building technologies enhancing alarm systems.
- Increased regulatory compliance driving demand.
- Rising awareness and concern for safety boosting market growth.
- Potential impacts of economic fluctuations on purchasing power.
How does Finland rank in Electric Burglar or Fire Alarms for Buildings Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,414,300,000 | 2023 | +4.89% | +3.33% | View data |
| 2 | 2 Poland | 100,520,000 | 2023 | +2.41% | +2.46% | View data |
| 3 | 3 Belgium | 88,015,000 | 2023 | +1.78% | +3.51% | View data |
| 4 | 4 Finland | 37,987,000 | 2023 | +3.28% | +2.9% | |
| 5 | 5 Slovenia | 6,231,100 | 2023 | +3.08% | +3.18% | View data |
| 6 | 6 Bulgaria | 5,687,200 | 2023 | -3.24% | -3.79% | View data |
