The UK burglar or fire alarms market showed fluctuating per capita volume from 2013 to 2023. The volume per capita varied, with a decline observed in 2017 and an increase in 2018, peaking at 0.86 units. A significant dip occurred in 2020, likely due to pandemic-related factors, reaching 0.68 units. The market partially recovered in 2021 and stabilized with per capita volumes at 0.8 through 2022 and into 2023.
Year-on-year variation indicates recovery post-pandemic with modest growth. The five-year compound annual growth rate highlights an overall stagnation due to the significant drop in 2020.
Future trends to monitor include:
- Technological innovations in smart home systems, integrating alarms with broader home management solutions.
- Regulatory shifts and standards promoting enhanced installation of fire alarms in residential and commercial spaces.
- Potential growth driven by increasing awareness and demand for improved security measures.
