The market for electric burglar or fire alarms for buildings in Estonia shows a steady increase from 2013-2016, reaching a peak value of 0.23 per capita in 2016, followed by stabilization between 2017-2020. This stabilization period was marked by a consistent value of 0.22 per capita. From 2021 onwards, the market regained momentum and achieved its highest value of 0.23 per capita in 2023. The average Compound Annual Growth Rate (CAGR) over the last five years indicates stability in market volume with no significant fluctuations.
Future trends to watch for:
- Potential technological advancements in alarm systems driving demand.
- Increasing adoption due to heightened security awareness.
- Regulatory changes impacting mandatory installations.
