The electric burglar or fire alarms market for buildings in Sweden showed notable growth from 2013 to 2023, with its market volume reaching 3.7935 million in 2023. This sector experienced fluctuations, marked by a significant surge in 2014, subsequent stabilization, and a sizeable increase again from 2019 onwards. For the last two years, there was a growth of approximately 6.05% in 2023 compared to the previous year, and a slight decrease in 2022. The compound annual growth rate (CAGR) over the past five years stands at 10.18%, indicating sustained growth in this market segment.
Future trends to watch for in the Swedish market include the integration of smart technology in alarms, increasing demand for advanced automation systems, and potential regulatory changes ensuring higher safety standards, which might prompt further growth and innovation in the electric alarms sector.
