From 2013 to 2023, the electric burglar or fire alarms market in Belgium grew steadily in volume per capita, reaching 0.28 in 2023. The year-on-year change from 2022 was approximately 3.7%, following a 3.8% increase in the previous year. Over the last five years, the compound annual growth rate (CAGR) was approximately 6.7%, indicating robust growth driven by rising awareness of safety measures.
Future trends to watch for in 2024 and beyond include:
- Increased adoption of smart home technologies integrating alarm systems
- Regulatory changes boosting mandatory installations in new buildings
- Heightened consumer demand for enhanced security solutions
